Outsourcing Its Impact
The effects of outsourcing in today's economy
Effects on People
Being an expatriate
Breaking the language barrier
Culture Shock
Outsourcing and people dynamics: Impact on company
Effects on Economy
Capital flows
Impact on technology
Global management and outsourcing
The effects of outsourcing in today's economy
Outsourcing has become an increasingly popular business strategy for transnational organizations. Many of the U.S. corporations started outsourcing their manufacturing operations since late 1980s. This was due to the potential advantages, both from an economic as well as regulatory perspective that business operations in foreign lands provided to these businesses. Initially, the U.S. firms running in financial troubles chose to set their cost intensive operations abroad such as manufacturing and call centers in low cost countries. Gradually, when the cost benefits were realized, other companies from various industrial sectors also strengthened this trend of outsourcing. Pharmaceutical industry was the first to witness...
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