Disadvantages of Business Process Outsourcing Essay

In the recent decade, Business Process Outsourcing (BPO) has become a usual business phenomenon from a new business strategy in the bank industry around the world. Banks are increasingly outsourcing more activities to third parties and relying more heavily on vendors now more than ever before. (Deloitte, 2012) The Swiss bank UBS is not an exception. Since UBS set up the UBS India Service Centre in Hyderabad in 2006, parts of its back-office and middle-office functions have been outsourced to lower-cost places during the following years, such as India, China, Philippine and Poland. Most recent news says that UBS will begin outsourcing its fixed income trading platform to two technology groups in an attempt to save costs. (Reuters, 2014)†¦show more content†¦BPO that is contracted outside a companys country is called offshore outsourcing (Tas, J. Sunder, S. , 2004) Offshore outsourcing represents one aspect of how globalization is occurring in the current economies. Globalization is the interdependency of transportation, distribution, communication, and economic networks across international borders. (Gibson, Ivancevich, Donnelly, Konopaske, 2009) It means that the labor supply market is globalized and that cross-cultural management can become essential and more important than ever before. BPO is not simply moving jobs to a distant country and starting saving cost right away. BPO in the banking industry requires bank to provide on-site training, which normally takes from three months to a full year. (Overby, 2003) The training is a knowledge transfer process from one organization to another, which is necessary and critical to make sure the work can be transferred from onshore to offshore people smoothly. It’s a significant stage of outsourcing implementation, which may determine outsourcing will be a success or not. Below case shows how the offshore outsourcing is occurring during the implementation stage. Team A is UBS investment banking operations located in UK. It is planed to be offshore outsourced to an external company located in a foreign country. A team of offshore workers came to UK and started to learn tasks sitting beside their onshore partnersShow MoreRelatedAdvantages and Disadvantages of Outsourcing888 Words   |  4 PagesAdvantages and Disadvantages of Outsourcing Outsourcing is an allocation of specific business processes to a specialist external service provider. Most of the times an organization cannot handle all aspects of a business process internally. Additionally some processes are temporary and the organization does not intend to hire in-house professionals to perform the tasks. Once the task is outsourced to the service provider, he will take the responsibility of carrying out the tasks and maintainingRead MoreThe Advantages and Disadvantages of Outsourcing1442 Words   |  6 PagesWhat are the advantages and disadvantages to outsourcing in the global marketplace? In these times of great globalization where many countries have erased their borders when it comes to trade outsourcing has become an option for many companies. Whether or not to outsource is a key question that companies must consider. According to the Pros and Cons of Outsourcing, â€Å"The decision to outsource or not is a matter of finding the right balance-the balance between managing labor costs, workflow, employeeRead MoreOutsourcing And Its Advantages For A Company1225 Words   |  5 PagesEXECUTIVE SUMMARY Outsourcing can have more disadvantages for a company if the company does not take major precautions before proceeding. The purpose of this report is to (1) identify major IT outsourcing risks. (2) How to minimize the risk to out rule the disadvantages. There are many steps to successful outsourcing; here are the main ones gathered from the research. †¢ Be discreet when selecting your vendor , analyse there previous work †¢ Consult with an attorney before signing the contract †¢ MakeRead MoreOutsourcing Of Aviation Maintenance Practices And The Effects Of Globalization1352 Words   |  6 Pages Outsourcing of Aviation Maintenance Practices and the Effects of Globalization Matthew Wilkerson Embry-Riddle Aeronautical University Worldwide May 16, 2016 â€Æ' Abstract Within the aviation industry outsourced maintenance practices have become increasingly more prevalent to maintain current assets. There is generally three processes currently being utilized by the airline industry: outsourcing specific maintenance needs, in-house operations, and lastly, a hybrid approach, which entails a combinationRead MoreAdvantages and Disadvantages of Being a First Mover975 Words   |  4 PagesAdvantages and Disadvantages of being a First Mover: The timing of entry to a particular market or industry is usually important because it helps in determining a companys returns on investment. First movers are described as the first entrants to offer or sell a new product or service category in a particular industry. Some of the major advantages of being a first mover include brand loyalty and technological leadership, exploiting the switching costs of buyers, preemption of scarce assets, andRead MoreBus 401 Mod 3 Case1108 Words   |  5 PagesTUI University BUS 401 Case Study Module 3 Dr. Yi Ling Abstract Outsourcing occurs when a company either buys products or services from outside sources or sends work to outside contractors versus doing it themselves. There are several advantages and disadvantages to outsourcing to include cost savings, sharing risk and developing better leaders internally. There are also some disadvantages like lack of quality control, loss of some management functions and losing the ability to buildRead MoreOutsourcing At Schaeffer : Outsourcing1707 Words   |  7 Pages Case Study 1 : Outsourcing at Schaeffer Gayathri Kadiyala Wilmington University TABLE OF CONTENTS Outsourcing definition †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 3 Concept of outsourcing †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...†¦Ã¢â‚¬ ¦. 3 Outsourcing at Schaeffer †¦Ã¢â‚¬ ¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦....†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 4 References †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 8 Outsourcing: Outsourcing is a process of a company obtaining the services from an outside vendor. These services can be of different formsRead MoreStrategy Management : Multinational Corporations And Other Industries Essay1366 Words   |  6 Pagesof the organization in designing the strategies. Strategy management team in an organization is very crucial as it designs the future of the organization as the strategic management designs plans for the effective business operations of the organization. The strategic management process is a five step model and it has a series of steps in order to design an effective strategic plan. The following are the key steps in a strategic management plan: Decide a common goal of the organization: Based onRead MoreCmgt 442 Week 4 Individual Assignment Outsourcing Risks Essay examples1253 Words   |  6 PagesOutsourcing Risks Name Course Date Instructor Outsourcing Risks Outsourcing has become an integral part of many organizations today. Outsourcing has its advantages and disadvantages that organizations will have to weigh to decide whether or not outsourcing is the best possible solution to their current problems and business operations. Outsourcing refers to the process of hiring external provider to operate on a business or organization function (Venture Outsource, 2012). In this caseRead MoreOutsourcing HR: Assignment Instructions1175 Words   |  5 Pagescontractor to perform these functions for your company, you will be able to dictate only the results you wish to achieve. How to complete the tasks for you will be the prerogative of the contractor. Step 3 Evaluate the costs and benefits of outsourcing each task you are considering. This means conducting research on what a qualified contractor will charge to effectively perform the task on a regular basis. Then, you need to balance this cost against the impact the task has on your HR department

Love Is The Most Powerful Emotion - 1113 Words

I choose to write my paper on what’s love? Do you know what love is? Why do we ask what love is? Love can be many of things people have their own opinions of love and what love actually is. Love is not only intimate. As a person first falls in love at least a thousand brain parts start to light up. The brain release hormones, feelings and butterflies. Love is also loving a person unconditionally no matter what. Love is the most powerful emotion a human being can experience. In today’s society it’s hard for people to know what true love is. At times I ask myself why it is so hard to find love. I believe the word love is abused. When people use the word love it is used as an expression of affection towards someone else. For example, I love†¦show more content†¦When humans are going steady in receiving love and giving love, we don’t ponder such philosophical questions. It’s usually when something is lacking or not the same we begin to contemplate what that thing really is. For, example nobody goes to subway and ask what’s a sub. So, when we ask what is love? We don’t fell loved all the way or someone feel we don’t love them all the way. So ac cord to the Chabad post the real question you should be asking is â€Å"Am I loved?† or â€Å"Do I love?† These are the two main reasons people ask what’s love. It’s easier to ask what love is rather than am I loved. When we the people are loved we tend to feel it in our guts. How does love really work though? In fact it’s really not as complicated as it sound, but the truth is our hearts take cues from our senses. Everything we feel, touch, smell, and hear is in touch with the universe and teaches use about the universe. So some things we just don’t need to question. Our sensory organs send messages to the brain, and our brain read the messages and send the message to our heart. â€Å"So, if we see a loving smile, hear loving words, or feel a loving touch, the brain processes this information and concludes, â€Å"Hey, we are being loved right now!† Love can also be letting someone go. Love don’t mean you own the person or mean that’s your possession. ForShow MoreRelatedComparing Emotions : Love And Hate881 Words   |  4 PagesComparing Emotions: Love and Hate Emotions come with every thought and action that is had throughout the day. Whether it is an emotion towards an academic class, the nerves of meeting someone new, or even what is felt about the day as a whole; there is always an emotion that is being felt. The two most extreme emotions are hate and love. Most sub-emotions come from these two powerful feelings. Anger, happiness, sorrow, and anxiety can all be results of both love and hate. To most, these emotions seemRead MoreThe Greatest Emotion- Somewhere I Have Never... E.E Cummings998 Words   |  4 PagesThe Greatest Emotion In the poem â€Å"somewhere i have never...†, author E. E. Cummings personifies the feeling of love and the almost mysterious and uncontrollable supremacy it seems to have over men. The poem is referring to the ability of the author’s, what seems to be, lover to affect him with â€Å"[her] most frail gesture[s] are things which me† (3). And yet, the author starts the poem by referencing his inexperience with love and almost expresses a wonder to this new experience (Cummings, 1). Read MoreTheme Of Sonnet 1161025 Words   |  5 PagesLove is an emotion and feeling that will either fade away as time goes by or stay with a person for a lifetime. Love is not only between opposite sexes but rather between the thought of humankind. In a poem written by Shakespeare, he discusses the idea of love staying the same under any challenge that an individual may face throughout their lives. â€Å"Sonnet 116,† written by Shakespeare argues that love is powerful and th at time is mainly influenced by the thought of love. The central message of thisRead MoreThe Theme Of Love In Hard Times By Charles Dickens1366 Words   |  6 Pagesarticulated by the American author Leo Buscaglia, â€Å"Man has no choice but to love. For when he does not, he finds his alternatives lie in loneliness, destruction and despair.† Love truly is an essential emotion that forms and strengthens one’s character, allowing one to empathize and connect with others. However, this powerful emotion is often undervalued and ignored in society, where the need for Fact triumphs over the need for love, and the mind is cultivated at the expense of the heart. Such a societyRead MoreOthello, By William Shakespeare990 Words   |  4 Pages Love and jealousy are powerful emotions that can induce behavior that would otherwise not normally be warranted. In Othello, The Moor Of Venice, jealousy is a very important component of the play. Iago uses jealousy to control the Moor, Othello, into committing various acts against his wife, Desdomona, and one of his soldiers, Cassio. It can be deduced that the sheer power of jealousy is the most important theme in Othello because the play shows how a strong General, such as Othello, is subjectRead MoreLove Has Many Definitions Essay791 Words   |  4 PagesWhat is love? Webster defines love as â€Å"a strong affection for another arising out of kinship or personal ties maternal love for a child (2): attraction based on sexual desire: affection and tenderness felt by lovers (3): affection based on admiration, benevolence, or common interests love for his old schoolmates.† Love comes in many forms. Unconditional love, the love of a mother for her child, romantic love, the love for your partner and passion or lust, a more sexual emotion towards a personRead MoreJohn Donne Speech732 Words   |  3 PagesMessages from A Valediction: Forbidding Mourning) â€Å"Love is the most powerful emotion a human being can experience.† this quote is by Adrian Catron from the Huffington Post. This quote helps us understand how powerful love really is. It is an emotion that can a person go mad or be in perpetual happiness. In the case of John Donne he is a small amount of both crazy and happy. Vincent Hanley states in the article Poetry of John Donne, â€Å"One-sided love is not love at all.† The author of this quote is very inRead MoreThe Child s Bath, By Mary Cassatt1425 Words   |  6 PagesIt is a calming remedy; it is a way to suppress secrets, emotions, and desires within an individual s mind. The Child’s Bath, by Mary Cassatt, is one such painting that brings you to experience the powerful emotion of a mother’s love. Mary Stevenson Cassatt was an American impressionist painter. Cassatt is most remembered for her noteworthy paintings that portray special moments captured between a mother and her child. Cassatt stated, â€Å"I love to paint children. They are natural and truthful.† ThisRead MoreAnalysis Of The Captains Verses By Pablo Neruda1191 Words   |  5 Pagesbook â€Å"The Captain’s Verses† by Pablo Neruda, there are many love poems. Poems that express different ways of loving someone. I decided to pick Nerudas body of work because of how smooth and elegant his poems sound. They express so much passion towards a person and also send a message. When reading his poems I would be able to understand the emotion the poem carried. This is the first thing that caught my attention from his poems. The emotions each and every one of them carried. In his poem â€Å"LovelyRead MorePresentation of Loss in Birdsong998 Words   |  4 Pagesnot the only form loss suffered during this time. Standing side -by -side with the loss of life is the loss of love and the loss of faith. Faulks uses vivid descriptions and contrasting images to place the reader at the scene and make them empathise with the characters. Loss is one of the most poignant themes in the book, and is one that fuels a majority of the lines written. The most common understanding form of loss associated with the First World War is the great loss of life. Faulks chose to

The Journey of becoming oneself free essay sample

The journey to be oneself In todays world, we are used to being disguised. Whether for the fear of rejection by others or for the fear of disappointing ourselves. Often, we are simply afraid to find out who we really are. But not always are we disguised or afraid. Sometimes we simply go through life thinking we are something that we are not. We mistake the identity that we have created for ourselves for our real soul. And this is a big challenge on the journey of finding ourselves: not to be deceived by what seems to be our personality on the surface, but to dig deeper and find out who we really are. College is known as one of the best places to embark on this journey. But why is the journey known to be so risky? Besides the fact that it is easy to mistake whats on the outside for whats on the inside, there are deeper, more important, and therefore, more dangerous risks that come with being oneself. We will write a custom essay sample on The Journey of becoming oneself or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page In my understanding, one of those is is the fact that others dont always accept us for who we are. That is a well known truth. However, a less well known, yet such a simple fact is that we, ourselves, dont always accept us for who we are. So what is the danger of fully accepting not only our strengths but also, weaknesses that none of us is spared of? Everybody wants to be perfect, that is why. And with accepting and acting fully like ourselves and not superheroes that we all want to be, comes a high possibility of disappointment and confusion. What if someone who thought himself brave and courageous finds out he is in reality a coward? Imagine the disappointment and devastation that person must feel. Therefore, perhaps even harder than finding out who we are is accepting who we are. The answer is to learn to love oneself completely and to embrace self-identity. Without knowing of ourselves, we are lost in this world. As cliche as it sounds, we cannot begin to try to understand the world around us without first understanding ourselves at the deepest, most personal levels. It is so beautiful to be the way we really are, without fear, without any limitations, that I sometimes wonder why so many people try to deceive themselves and those around them. From the beginning of time, philosophers, scientists, fortune tellers and all the other people were searching for the Truth, so why is everybody running away from it? Truth- it is greater than any of us will ever be, why not make ourselves, in body and soul, a small part of it? I have always valued honesty. The ability of being fair and honest is at the top of my list of values, along with the ability to be kind and compassionate. I have tried my best to be honest with those around me, but moreover, with myself. For those reasons I think that I have made considerable progress in my journey of understanding myself. However, college will definitely change life as I know it. I am looking forward to the exciting new experience of living on campus. Despite all the influences I will encounter, I have promised myself that I will not compromise my values and will stay true to myself. It is easy to get carried away by the desire to be accepted among classmates at college. That is one of the biggest dangers of not being able to find oneself during this extremely important college years.. Of course it is important to form good, lasting friendships, but it is even more important to do so without compromising who one is as a person. If a student changes his personality and becomes somebody who his friends want him to be, somebody other than his true self, he is lost. Despite numerous challenges and temptations that a student will encounter during college years, it is the perfect place to discover oneself with which comes the realization of ones real dreams and goals, and to, ultimately, begin leading a beautiful life. God has created such a beautiful and balanced world. The core of our being- our souls are as beautiful as the world around us. I believe that only knowing, really knowing who we are on the inside will result in us being more in tune with the outside world. The journey of becoming and staying yourself always, no matter the situation, is not easy. One may encounter disappointment and will certainly experience a great deal of confusion along the way. But one must have the courage and character to continue, despite the difficulties. It is a long, but rewarding journey of understanding and enlightenment. A journey that one day will lead to the individuals true happiness, and perhaps, if more and more people start to look into their souls for answers instead of their minds that work on the â€Å"survival of the fittest† principal, we will all live in a better world.

Macbeth - Tragic Hero Essays (482 words) - Characters In Macbeth

Macbeth - Tragic Hero The character of Macbeth is a classic example of a Shakespearean tragic hero. There are many factors which contribute to the degeneration of Macbeth of which three will be discussed. The three points which contribute greatly to Macbeth's degeneration are the prophecy which was told to him by the witches, how Lady Macbeth influenced and manipulated Macbeth's judgment, and finally Macbeth's long time ambition which drove his desire to be king. Macbeth's growing character degenerates from a noble man to violent individual. The prophecies which were told by the witches were one of the factors which contributed to the degeneration of his character. If it had not been for the witches telling him that he was to be Thane of Cawdor, Thane of Glamis, and King of Scotland, Macbeth would still be his ordinary self. As a result of the prophecies, this aroused Macbeth's curiosity of how he could be King of Scotland. As the play progresses, Macbeth slowly relies on the witches prophecies. Shakespeare uses the witches as a remedy for Macbeth's curiosity which corrupts his character. The influence of Macbeth's wife, Lady Macbeth also contributed to his degeneration of character. Lady Macbeth's character in the beginning reveals that she is a lovable person. When Lady Macbeth was ready to kill King Duncan herself, it showed that Lady Macbeth could not murder King Duncan because he reminded her of her father. This proves that Lady Macbeth has a heart deep inside her. Lady Macbeth plays an important role in this play because she provided a scheme which caused Macbeth to assassinate King Duncan. After Macbeth had killed King Duncan, he later regrets on his wrong doing. At the point of this play the audience can note the change in Macbeth's character. Macbeth's first murder was a trying experience for him, however after the first murder, killing seemed to be the only solution to maintain his reign of the people of Scotland. Therefore, it was Lady Macbeth who introduced the concept of murder to Macbeth. Macbeth's ambition also influenced his declining character. However, Macbeth's ambition had not been strong enough to carry the motive to kill King Duncan. Lady Macbeth's influence also comes in to play because if not for Lady Macbeth, his ambition would not have been intensified enough to drive him to obtain and maintain his title of King of Scotland no matter what it took, even if it meant murdering. Macbeth's ambition influenced the cause of his new character. This new character of Macbeth contained greed, violence, and power hunger. Macbeth shows this when he kills King Duncan. In conclusion, the prophecies given to him by the witches, Lady Macbeth's influence and plan, and his intensified ambition, all contributed greatly to his degeneration of character which resulted to his downfall...death. Therefore Macbeth character displays strong signs of a tragic hero, making him the ideal classic example.