This research has gained my understanding regarding advantages and disadvantages of using outsourcing the business function. This learning is valuable for me to understand that outsourcing is a process by which business function of organization can be transferred to the outsider as compared to completing it on their own business function. This research is effective for me to develop the understanding of the concept of outsourcing. In this way, it is analyzed that outsourcing is a technique which is used to make the use of core competencies of the corporation. It also aids to allocate the resource effectively (Schniederjans, et. al., 2015). I have also observed that outsourcing of the business function delivers the added value to the business performance.
I will apply my knowledge and insight to make further research in the future. I have gained my knowledge that outsourcing is mainly used in HR, IT, after sales service and customer service field. I have also observed that outsourcing is beneficial to cost-savings, flexibility, and performance of the companies. This learning process is useful for me to improve my research skills as well as effective for me to become a good business development manager.
I have also built my knowledge regarding disadvantages of using outsourcing the business function. In this way, I have pointed that the rapid expansion of globalization has changed the method of business management. It is analyzed that there is a certain factor which encourages outsourcing of business function like infrastructure, set of skills, globalization, availability of cheap labor, and support from the government (Sekaran and Bougie, 2016).
I did different activities such as I have participated to find the advantages of using outsourcing the business function. In this way, I have pointed that there are different benefits of outsourcing like fostering innovation, speed enhancement, capital savings, risk management, revenue growth, quality improvement and cost reduction. I read about the disadvantages of using outsourcing the business function. These are a loss of management control, poor communication, lower productivity, loss of secrecy and privacy of information, lack of competitive advantages, and financial losses (Rushton, et. al., 2014). This research is beneficial for me to enhance my personal and professional career.
The business research was helpful for gaining learning in research. From this research, I have learned that companies should develop clear communication by using different channels. Further, I have pointed that role clarity is also maintained between parties. This research is also helping to understand the literature review. In this way, it can be evaluated that outsourcing of business function is mostly exercised in the financial sector (Willcocks, and Cullen, 2013). From this research, I have learned that outsourcing of business function is used to make the development of a cost-saving program for the corporation.
I did different activities in assignment 1 and assignment 2. These activities are the development of research question and hypothesis, and research design and methodology. I have learned that both primary and secondary question has developed to meet the research objectives. Along with this, it can be analyzed that hypothesis is used to assess the relationship between two variables named independent and dependent variable (Caruth, et. al., 2013). I have used research design which aids to develop the strategies for the research in an appropriate manner. It will aid to me for assessing the expected result of the research program.
I have gained understanding regarding qualitative research. In this way, it can be evaluated that observation method is used to select the participant for accomplishing the research objectives. Along with this, I have increased my knowledge about in-depth interview approach. In this way, it can be evaluated that interview with top executives of the company is effective to assess the outsourcing of business function (Hill, et. al., 2014). Moreover, I have built my knowledge about the questionnaire. In this way, it can be stated that open-ended questionnaire structure is used to assess the reliable and valid outcome. As a result, I am competent to use the questionnaire in further research. I have increased my learning experience regarding ethical consideration. In this way, it is analyzed that ethical policies are used to conduct a good strategy as I can use ethical consideration to make further research (Runar Edvardsson, and Durst, 2014).
This learning may be applied in future. Since, it has developed my understanding regarding quantitative research. Further, I have pointed that sampling technique is exercised to perform the descriptive statistical approach. It is analyzed that research design aids to create the strategies for a research study and to conduct the research in the appropriate direction (Sivakumar, et. al., 2015). This learning experience is beneficial for me to obtain a targeted result for a research study. Through this research, I have also gained my learning about a statistical approach which is beneficial to comprehend the quantitative data. Consequently, it will enable me to use statistical data analysis in further research in the field of business development. I have also developed an understanding regarding research limitation. In this way, it is evaluated that lack of data collection, effective communication and timing can create complexity to get reliable and valid information (Runar Edvardsson, and Durst, 2014). From this research, I have developed my knowledge about the time schedule. In this way, it can be evaluated that time schedule is beneficial to perform the activities in a specified time period. Consequently, this will be used by me to make effective research strategy in an organization. Along with this, this strategy could be beneficial to enhance my personal as well as professional career.
Caruth, D. L., Haden, S. S. P., and Caruth, G. D. (2013) ‘Critical factors in human resource outsourcing’, Journal of Management Research, 13(3), P. 1.
Hill, C. W., Jones, G. R., and Schilling, M. A. (2014) Strategic management: theory: an integrated approach. USA: Cengage Learning.
Runar Edvardsson, I., and Durst, S. (2014) ‘Outsourcing of knowledge processes: a literature review’, Journal of Knowledge Management, 18(4), pp. 795-811.
Rushton, A., Croucher, P., and Baker, P. (2014) The handbook of logistics and distribution management: Understanding the supply chain. USA: Kogan Page Publishers.
Schniederjans, M. J., Schniederjans, A. M., and Schniederjans, D. G. (2015) Outsourcing and insourcing in an international context. UK: Routledge.
Sekaran, U., and Bougie, R. (2016) Research methods for business: A skill building approach. USA: John Wiley and Sons.
Sivakumar, R., Kannan, D., and Murugesan, P. (2015) ‘Green vendor evaluation and selection using AHP and Taguchi loss functions in production outsourcing in mining industry’, Resources Policy, 46, pp. 64-75.
Willcocks, L., and Cullen, S. (2013) Intelligent IT outsourcing. UK: Routledge.
To export a reference to this article please select a referencing stye below:
My Assignment Help. (2018). Business Research: Outsourcing And Insourcing. Retrieved from https://myassignmenthelp.com/free-samples/business-research-outsourcing-and-insourcing.
"Business Research: Outsourcing And Insourcing." My Assignment Help, 2018, https://myassignmenthelp.com/free-samples/business-research-outsourcing-and-insourcing.
My Assignment Help (2018) Business Research: Outsourcing And Insourcing [Online]. Available from: https://myassignmenthelp.com/free-samples/business-research-outsourcing-and-insourcing
[Accessed 26 May 2020].
My Assignment Help. 'Business Research: Outsourcing And Insourcing' (My Assignment Help, 2018) <https://myassignmenthelp.com/free-samples/business-research-outsourcing-and-insourcing> accessed 26 May 2020.
My Assignment Help. Business Research: Outsourcing And Insourcing [Internet]. My Assignment Help. 2018 [cited 26 May 2020]. Available from: https://myassignmenthelp.com/free-samples/business-research-outsourcing-and-insourcing.
Getting nightmare regarding pending chemistry assignment? Then it is high time you consider hiring chemistry assignment help service of MyAssigemnthelp.com. We at MyAssignmenthelp.com deliver quality subject specific assistance on more than 100+ subjects. For us, students' need is foremost, and we work round the clock to offer science, humanities and commerce assignment help. Among Commerce wing, our one of the most popular services is capital budgeting assignment help. In science segment, we have gained popularity with biology assignment help.
Answer: 1. The long queues represent the high demand for the given restaurant’s foods and service. The people value the restaurant high and are willing to stand in the waiting lines. The people have high opportunity cost associated with the time spent in the line. On the other hand, the restaurant with empty chairs may have high prices which make their food and services unaffordable to a large number of customers. The owner can increas...Read More
Answer: Background to the problem: Failures in managing research are mainly associated with the lack of preparation in readiness for a project. This leads to businesses failing to prepare for problems leading to the projects encountering serious management hurdles (Cleden, 2017). To overcome these problems every business must address the following research issues so as to address research problems. Define business and research o...Read More
Answer: Introduction In the modern era, there are several organizations that are functioning in the global economy each one of the companies have been performing according to their aims and objectives. The operations of a company is dependent on the style of the entrepreneur and the ability and the mind-set of the entrepreneur determines the process that would be undertaken with the help of which the company can gain competitive edge an...Read More
Answer: Introduction The Yeo Valley is one of the most widely known organic dairy firms in the UK. This company works for bringing fresh and new products for all the milk lovers. At the same time, they believe that taking care of nature is also one of the most important activities that they have to carry on. This firm has been set up by the Mead family. They have been living and working in Somerset for a long time period. They had started their...Read More
Answer: Introduction: Communication is an important aspect of business management. Every professionals need to develop proper communication skills to enjoy success at workplace mentally and financially. The assignment will first help me identify my issues in communication. Depending on it, a literature review will be conducted which will be followed by an action plan. Tools and analysis: The first tool that I have used is the ...Read More
Just share Requriment and get customize Solution.
Our writers make sure that all orders are submitted, prior to the deadline.
Using reliable plagiarism detection software, Turnitin.com.We only provide customized 100 percent original papers.
Feel free to contact our assignment writing services any time via phone, email or live chat.
Our writers can provide you professional writing assistance on any subject at any level.
Our best price guarantee ensures that the features we offer cannot be matched by any of the competitors.
Get all your documents checked for plagiarism or duplicacy with us.
Get different kinds of essays typed in minutes with clicks.
Calculate your semester grades and cumulative GPa with our GPA Calculator.
Balance any chemical equation in minutes just by entering the formula.
Calculate the number of words and number of pages of all your academic documents.
Our Mission Client Satisfaction
Great job and Great experts! The follow up and process was fantastic. Also, communication with the expert was easy.
The solution was done in time thank you do much for your efforts but please taking care for grammar is needed there was so many mistakes in grammar thank you
good to do assignment was what I expected and thanks for that one I will use him again
Great work in completing my assignment on time, was very helpful and great with communicating with the require details. will definitely use them again!