Reflective Writing on Outsourcing Business Functions in Small Business

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Added on  2020/03/16

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Journal and Reflective Writing
AI Summary
This reflective writing assignment explores the topic of outsourcing business functions in the context of small businesses. The student reflects on the knowledge gained regarding the concept of outsourcing, its advantages and disadvantages, and its increasing importance in the business environment. The assignment covers topics such as cost reduction, enhanced flexibility, and quality improvement as drivers for outsourcing. The student identifies advantages like expertise, performance enhancement, focus on core functions, and risk reduction, while also acknowledging disadvantages such as confidentiality risks, loss of control, and hidden costs. The reflection highlights the learning process, the application of acquired knowledge, and the skills developed through the research program, emphasizing the importance of this knowledge for future career and professional development. The student discusses the research methodology, including data collection from various sources, and the application of different approaches to ensure reliable data, concluding with the intention to apply the gained skills for future research and professional endeavors.
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RUNNING HEAD: Advantages and Disadvantages of Outsourcing Business Function in
Small Business
Advantages and Disadvantages of Outsourcing Business Function in Small Business
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Advantages and Disadvantages of Outsourcing Business Function in Small Business
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Reflective Writing
I have executed this research program on the topic “Advantages and disadvantages of
Outsourcing Business Function in Small Business”. In this reflection, I have discussed the
knowledge which I have gained by getting enrolled in this research program. I have also
discussed the importance of the knowledge and skills gained for my future and for my
professional life. This research has provided a quality experience to me. I have discussed the
knowledge which I have developed regarding the research topic.
In this research program, I have made discussion on the most common aspect of the business
environment which is outsourcing business functions. While executing this research program,
I have learned about the concept of outsourcing business environment and pros or cons of
outsourcing business function. I have understood that the role and importance of outsourcing
business function have increased with the change in the different factors of the business
environment. Outsourcing can be defined as a delegation of the business environment to the
other firm or external party and gets the task performed as per the agreed criterion. There are
various factors which have resulted in rise in the number of companies opting outsourcing
business function. These factors include a reduction in the cost, enhance the flexibility of
business operations, and enhance the quality of the task or function outsourced and many
more.
I have gathered quality data for enhancing the knowledge of the different aspects of the
research program. This knowledge which I have gained has provided clarity to my thoughts
regarding the outsourcing business functions and its importance for small business. In this
research program, I have gathered information related to advantages of outsourcing to
business. These advantages of outsourcing business function include expertise in the function
outsourced, enhancing the performance of the function outsourced, focus on the important
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Advantages and Disadvantages of Outsourcing Business Function in Small Business
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functions of the business, reduction in the time and cost involved, reduction in the risks and
reduces the efforts of the business. I have developed knowledge of various disadvantages of
outsourcing business function. These disadvantages of outsourcing business functions include
an increase in the risk to the confidentiality of the confidential data of the business, loss of
control on the operations, hidden cost and delay in the work delegated.
This research has enhanced my skills and knowledge regarding the topic of the research. The
concept of outsourcing has gained much importance and I have analyzed that the number of
businesses using outsourcing has increased. According to me, the learning process is an
important aspect for one as it enhances the experience gained by an individual. I will apply
the knowledge which I have developed during the execution process of this research for
performing the tasks assigned to me with applying better approach. This experience gained
while executing this research has acted as a base for the future knowledge. I have learned the
manner in which I can conduct research programs.
Learning process of this research has helped me in completing the research for meeting the
objective of the course successfully. For the completion of the course, criteria of the research
need to be met. For attaining the objectives of the program, I have analyzed the manner in
which research programs are carried out. This course and program are crucial aspects of the
future career and life as the knowledge gained can be applied in different aspects of the future
career and life. As a professional, I will have to conduct market research activities or business
research activities for gathering knowledge related to the task assigned to me. I will use this
knowledge gained for attaining the goals of a future career in an enhanced manner.
I have conducted this research by developing knowledge of the manner in which a business
research is carried out. I have learned about the research topic as well as different methods or
approaches which can be considered for collecting reliable and authentic data for the
research. I have applied different methods or approaches for ensuring that I have conducted
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Advantages and Disadvantages of Outsourcing Business Function in Small Business
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the research in most suitable manner. I have gathered data with the use of reliable sources. A
questionnaire has been presented for gathering data related to the research program. I have
analyzed various internet sources for presenting views of the different authors.
This research program has contributed towards the development of my knowledge along with
preparing me for better future opportunities. I would be able to take advantage of these
opportunities on the basis of the knowledge which I have gained while executing the different
activities of this research. This business research has encouraged me to learn different aspects
which are required for completing the research program. I will use the skills for ensuring that
the roles are being performed properly in future.
In the assignment one and assignment two, I have conducted different activities. In the
assignment one, I have presented information related to the research topic so as to execute the
research successfully. I have collected data related to the research topic for ensuring that the
objectives of the research are attained. I have formulated research objectives and research
questions so as to guide the research program in the right direction. In the assignment two, I
have discussed various methods or approaches which I have applied for gathering relevant
data. Summary of the literature review has also been presented.
The knowledge which I have gained will be used for attaining the objectives of the future role
or career. This learning will ensure that the future roles are fulfilled and I’m able to ensure
that the proper methods are adopted for the attainment of the objective.
Thus, it can be summarised from the above discussion that execution process of the research
program has enhanced my knowledge by contributing to my skills. Knowledge which I have
gained will help me in future in performing the roles and responsibilities assigned. This
learning process has encouraged me for performing the future research programs in a better
manner. I will use this knowledge gained for meeting the objectives set.
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