Outsourcing Essay Conclusion
Job opportunities for the developing world: • Income disparity between the countries is a curse however for the outsourcing industry it has become a boon.• For instance, US and EU are outsourcing the manufacturing of products and services to low-cost locations in China and India.On the other hand, loss of control over the outsourced function is often a potential business risk.
• It also helps to reduce the cash outflow along with significant savings.
Outsourcing is a both a dirty and a divine word depending on the place to which a person belongs.
Since the dawn of Globalization, the market has become extremely competitive what with organizations shifting the manufacturing bases from the developed world to developing ones as they provide quality as well as cost advantages.
In layman terms, it is called outsourcing which has now developed into a multi-billion dollar industry.
Although on the surface, the phenomenon appears to be beneficial, it has its own disadvantages.