Monday, May 25, 2020

Outsourcing in Todays World Essay - 2281 Words

Outsourcing in Todays World Outsourcing has become an increasingly popular alternative to today’s high costs in business and manufacturing. It largely affects today’s market from a buyer’s perspective, as well as employee perspective. Manufacturers have turned to outsourcing to be more competitive by lowering overall costs. This may include turning over a segment of your business to another company, or by simply duplicating your operations of manufacturing in a different country. Regardless of how it’s done, outsourcing is an ongoing debate between American workers, and bloodthirsty businesses in a ferociously competitive world. Outsourcing is the process of subcontracting operations and support to an organization outside†¦show more content†¦Another reason for outsourcing has to do with cost of health care and benefits for workers. Overseas, there is no OSHA, no health care, and no child labor laws. Finally, with the building of more factories worldwide, a company increases it’s market globally and therefore can increase its market. (www.wistechnology.com) Outsourcing affects everyone worldwide. Currently, its main effects occur in the United States. However, as this phenomenon continues, companies will be forced to follow the leaders, or they will be forced out of business. As it affects our world, the negative aspects directly include the American labor force. It continues to cut jobs in the U.S., as many jobs are sent overseas for cheaper labor. More negative effects include company morale and customer satisfaction of consumers. As people become more aware of outsourcing in the U.S. consumers are becoming more aware of what they purchase. In today’s world, there are many people who will pay a â€Å"little extra,† if they know that the products they are purchasing have been made, or at least assembled by American manufacturers. These are people who are proud of where they live and support their fellow workers. However, it is almost impossible to completely ignore the massive companies who dominate the business world. In order to avoid having to turn to outsourcing, many companies and employees have changed their business strategies to help reduce costs, and still remain competitive.Show MoreRelatedEthics of Outsourcing Essay1500 Words   |  6 PagesEthics of Outsourcing What is ethics and how is it related to todays world of business? Merriam-Websters Online Dictionary defines ethics as the discipline dealing with what is good and bad with moral duty and obligation. In todays globalized society, it seems as though monetary profits are valued higher than making ethical decisions. Outsourcing has become an unavoidable result of globalization. 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