Question

Please provide different ways of opinions!!

QUESTION: Describe how you feel about the role of job outsourcing as an effect of globalization.

Answer 1

Job Outsourcing means the practice of having certain job functions done outside a company instead of having an in-house department or employee handle them. Functions can be outsourced to either a company or an individual. Outsourcing shifts tasks, operations, jobs, or processes to an external workforce, by contracting with a third party for a significant period of time. Businesses typically do this to reduce costs or improve efficiency.

Outsourcing was considered a tool for cost cutting but organizations are now using outsourcing as a tool for accelerating innovation and business efficiency. Many start-ups are entering into the manufacturing sphere offering specialist services and products. As a result, organizations are adapting their business models to be more agile, competitive and attractive to customers in the global market. The job outsourcing can be said as a positive solution to bridging infrastructure issues and focus on core business functions.

We can say that the global market for outsourced manufacturing has been fortified by outsourcing as organizations set-up new partner networks and collaborations to enable new business, in new geographies. Many ambitious and innovative organizations looking to compete on a global scale are investing in establishing a well-structured and trustworthy partner network.