Outsourcing

Paper Summary:

This paper discusses how, in general, costs are cut and profitability is maximized when companies outsource information technology functions and business processes to various companies overseas. It focuses on outsourcing in different industries such as healthcare and looks at how there is now a concern that the outsourcing that is being generated will lead to laws that force companies not to send specific jobs overseas for less money. The paper also looks at the many risks of outsourcing and concludes that outsourcing can increase the total risks that are taken by a particular organization, rather than decrease them.

From the Paper:

"Many people are wondering how safe their jobs actually are now that outsourcing has become so popular. Many high-tech jobs are being shipped overseas, much more so than they were in the past. For those in high-tech jobs in America, the unemployment rate reached 6.2 percent in 2003 (Schneiderman, 2004). This was up 47.6 percent from the 4.2 percent unemployment rate in 2002 (Schneiderman, 2004). A market research firm that has been collecting data over the years on information technology on a global scale indicates that the trend of outsourcing these types of jobs to other countries is quite likely to continue. "

Sample of Sources Used:

• Clark, R. 2004. The real cost of outsourcing: turning over IT operations, call centers and network maintenance often involves more than service providers bargained for. America's Network.
• Pagach, D. 2004. Outsourcing at your own risk: before outsourcing any process of function, it's essential to assess the risks enterprise-wide. Strategic Finance.
• Romano, M. 2004. Outsourcing everything: accelerating use of outsourcing adds to public policy debate while raising questions about hospitals' 'charitable' status. Modern Healthcare.
• Schneiderman, R. 2004. Outsourcing: how safe is your job? Electronic Design, 52.

More papers on Outsourcing:

• Research Paper # 96954 : "IT Outsourcing"
• Term Paper # 90130 : "Outsourcing of Jobs in the United States"
• Essay # 90107 : "Outsourcing"
• Essay # 69407 : "Outsourcing"

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