- Evaluate the effectiveness and your usefulness of the learning experience
This reflection report is effective for me to increase the understanding of advantages and disadvantages of outsourcing the business function. In this way, it is observed that outsourcing is a process by which business organization can transfer their some part of the business function to other corporations and also pay fees for it (Schniederjans, et. al., 2015). This learning experience was useful for me to enhance my professional career as I am competent to involve in the outsourcing of business function.
From the literature review part, I have learned that outsourcing of business function may enhance the efficiency of business as well as provides the competitive advantage to the corporation. In such way, it can be evaluated that there are different causes of using outsourcing the business function named improvement is payment control, cash flow, staffing and whole business performance (Cavusgil, et. al., 2014). This learning experience was effective for me to improve the cash flow of company by outsourcing the business process. Through the study of literature part, it can be also stated that outsourcing facilitates the expertise and swiftness to the corporation and also aid to complete the task rapidly with a better result (Sekaran and Bougie, 2016). I have also learned that outsourcing of business function aids to share the risk between service users and providers.
- Explain how this learning process will be useful to you
During the learning process, I have observed that outsourcing of business function may generate a fear of leakage of private information regarding company to other parties. By reading the research proposal, I have learned that outsourcing of business function may generate quality concern and can also delay for providing responses. Along with this, I have gained understanding regarding streams of outsourcing. In this way, I have observed that there is a different stream of outsourcing the services like web design, recruitment services, information technology, and recruitment services.
- Describe objectively what happened in the learning process
From this research, it is also assessed that corporation can build the business plan to create an optimum model of outsourcing. It may decline the expenses of outsourcing the business function, improves the capabilities and outcome of outsourcing the business function. However, some hidden expenses may increase the entire cost of business operation (Willcocks and Cullen, 2013). As a result, I am able to focus on benefits as well as limitation of outsourcing the business function which is beneficial to effectively develop the strategy.
- Evaluate what you learn
The business research was useful for me to develop my research skills as it has increased my understanding of the different process of research. Further, I have increased my knowledge regarding research design and methodology. In this way, it can be evaluated that research methodology defines the different method which will be used to complete the research and collecting the information (Caruth, et. al., 2013). As a result, I am able to use research methodology while conducting the research.
- Explain your learning process
The main reason for conducting the different activities within the research is to complete the research in a specified time period. The key activity that was used by me is to implement research method. In this way, it can be determined that mixed research design will be used to collect the data as it contains the characteristics of both qualitative and quantitative research. This activity is used to get the reliable and valid outcome in an appropriate manner (Beckers and Kloosterman, 2014).
Another activity is related to selecting the research approach. In this way, I have observed that both qualitative and quantitative approach is used to maintain the research quality. Further, it can be evaluated that qualitative approach is selected to gather the information in form of description, opinions, and views whereas quantitative approach is used to gather the data in the form of numerical data (Runar Edvardsson and Durst, 2014). From this research, I have also developed my understanding regarding the collection of data. In this way, I have learned that both primary and secondary data collection method is used to gather the information. In this way, it can be discussed that primary data is gathered from survey through questionnaire and secondary data is gathered from articles, journals, textbook and other web sources (Pearce, 2014). This learning experience is significant for me to use this activity in the future.
Through this research, I have gained my experience regarding sampling techniques. In this way, I have pointed that simple random sampling is used in which every element has the same probability of getting selected without any biases in research. This learning experience is valuable for me to become a good researcher as I have great knowledge to choose the participants from the population. Consequently, I can obtain reliable and valid outcome from the research. This research is also significant to gain the understanding about ethical consideration. In this way, it is pointed that ethics is followed while obtaining the research (Markus, and Jacobson, 2015). Moreover, I have pointed that researcher should keep the privacy of respondents. Along with this, I have built my knowledge regarding research limitation. In this way, I have learned that there is a different limitation that creates complexities to do a research such as time, cost and sample size. This learning experience is significant for me to consider the research limitation in the further research. Consequently, I can obtain the accurate result in a comprehensible manner.
- Explain Plan how this learning you will applied
From this research, I have built my understanding regarding research schedule. In this way, I have learned that research plan provides the blueprint to complete the research. At the same time, it is analyzed that Gantt chart is used to the graphical representation of research schedule (Runar and Durst, 2014). This learning experience was beneficial for me to complete the each activity in a specified time period. This learning can be applied to me in future for outsourcing the business function. Further, this learning can be beneficial to become a good business development manager in the future.
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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.
Willcocks, L., and Cullen, S. (2013) Intelligent IT outsourcing. UK: Routledge.