Tags |
|
|
Links |
|
|
Casual Articles - 10 Benefits Of Offshore Outsourcing For High Growth Companies
Having worked for several prominent retail organizations I have seen the impact of both positive and negative cultures on the workforce, the customers and, of course, the success of the business. Have no doubt whatsoever, the head of the organization dictates, through words and actions, what the culture will be. I want to tell you about the incredible culture created by a CEO, and a gentleman, I’ll call Sam.For three years, I had the opportunity to work for the company that this man headed up before he decided to sell his successful enterprise to a large, old school retailer. We were all very
Gain Access To World-Class Capabilities
Outsourcing organizations take non-core administrative functions and make them their core businesses. They are experts in such business process as Human Resources, Sales, Marketing, Finance, Accounting, Customer Service, Procurement, Business Administration and IT infrastructure, eCommerce, Da
Based on a wild guess by a close associate of mine, there are well over 2,000 restaurants in the Manhattan area and its surrounding boroughs. Although I cannot validate the absolute accuracy of his count, I do trust it is in the ballpark, since he happens to be one of those guys who seem to know everything about everything in life (and more). His dream is to be on Jeopardy; if it ever happens, I already feel sorry for the other two contestants, who will undoubtedly be decimated on national TV. And, oh yes, he also happens to be a food- lover. There is definitely some credibility to his estimate.
Top 10 Reasons Companies Outsource
1. Reduce and control operating costs
2. Improve company focus
3. Gain access to world-class capabilities
4. Free internal resources for other purposes
5. Resources are not available internally
6. Accelerate reengineering benefits
7. Function difficult to manage/out of control
8. Make capital funds available
9. Share risks
10. Cash infusion
Source: Survey of Current and Potential Outsourcing End-Users
The Outsourcing Institute Membership, 1998
Let’s briefly examine each one of these benefits and highlight the unique benefits to middle market companies.
Reduce and Control Operating Costs
Outsourcing in general, and offshore outsourcing in particular, can be a powerful way to reduce administrative and production costs. By leveraging an outsourcing company’s size, specialization and lower wage rates, small and mid-sized companies can drive down costs in their non-core business functions.
Improve Company Focus
By concentrating resources on core businesses, a company will become more efficient, drive costs further down, provide better service and expand its market share.
Gain Access To World-Class Capabilities
Outsourcing organizations take non-core administrative functions and make them their core businesses. They are experts in such business process as Human Resources, Sales, Marketing, Finance, Accounting, Customer Service, Procurement, Business Administration and IT infrastructure, eCommerce, Dat
Want a big boost in response and quick sales from your next direct marketing effort? Then take your direct mail program to the extreme. What do I mean by extreme? I mean unconventional, break the mold, out-of-the-box, reaches-out-and-grabs-people-by-the-lapels marketing.When you take your marketing to the extreme many people will love it and a few will hate it. But you won’t be ignored. With a well thought out, well executed extreme marketing program it’s a good bet you’ll pull a response rate in the double digits –- and, close business relatively fast.Extreme marketing: A case study<
2. Improve company focus
3. Gain access to world-class capabilities
4. Free internal resources for other purposes
5. Resources are not available internally
6. Accelerate reengineering benefits
7. Function difficult to manage/out of control
8. Make capital funds available
9. Share risks
10. Cash infusion
Source: Survey of Current and Potential Outsourcing End-Users The Outsourcing Institute Membership, 1998
Let’s briefly examine each one of these benefits and highlight the unique benefits to middle market companies.
Reduce and Control Operating Costs
Outsourcing in general, and offshore outsourcing in particular, can be a powerful way to reduce administrative and production costs. By leveraging an outsourcing company’s size, specialization and lower wage rates, small and mid-sized companies can drive down costs in their non-core business functions.
Improve Company Focus
By concentrating resources on core businesses, a company will become more efficient, drive costs further down, provide better service and expand its market share.
Gain Access To World-Class Capabilities
Outsourcing organizations take non-core administrative functions and make them their core businesses. They are experts in such business process as Human Resources, Sales, Marketing, Finance, Accounting, Customer Service, Procurement, Business Administration and IT infrastructure, eCommerce, Da
A friend who owns a dry cleaning store once said to me, "I have five key benefits for customers. How should I show them in an ad?"My reply: "Figure out the single biggest benefit or the one that appeals to most of your customers, and lead with that. Then, once you have the reader's attention, you can mention the other four benefits."What’s true for a dry cleaner’s ad is true for marketing communications in general. Every marcom piece -- whether it’s a brochure, web site, ad, case study, or e-mail blast -- must be written around a central theme. This theme is your top benefit or selling p
Source: Survey of Current and Potential Outsourcing End-Users The Outsourcing Institute Membership, 1998
Let’s briefly examine each one of these benefits and highlight the unique benefits to middle market companies.
Reduce and Control Operating Costs
Outsourcing in general, and offshore outsourcing in particular, can be a powerful way to reduce administrative and production costs. By leveraging an outsourcing company’s size, specialization and lower wage rates, small and mid-sized companies can drive down costs in their non-core business functions.
Improve Company Focus
By concentrating resources on core businesses, a company will become more efficient, drive costs further down, provide better service and expand its market share.
Gain Access To World-Class Capabilities
Outsourcing organizations take non-core administrative functions and make them their core businesses. They are experts in such business process as Human Resources, Sales, Marketing, Finance, Accounting, Customer Service, Procurement, Business Administration and IT infrastructure, eCommerce, Da
Quality leadership is a necessary component of a company’s success. It is important for a company’s well-being, and is important for the citizens of the state. Improvement of leadership is a complicated process, however, the majority of the developed countries of the world have already become aware of its importance and began taking concrete steps towards it. The development of high standards for corporate leadership demands formidable efforts from both companies and the state.Business engineering is a term that is widely used when speaking about leadership, and it is usually define
Improve Company Focus
By concentrating resources on core businesses, a company will become more efficient, drive costs further down, provide better service and expand its market share.
Gain Access To World-Class Capabilities
Outsourcing organizations take non-core administrative functions and make them their core businesses. They are experts in such business process as Human Resources, Sales, Marketing, Finance, Accounting, Customer Service, Procurement, Business Administration and IT infrastructure, eCommerce, Da
The venture capital industry competes in a volatile marketplace typified by high risk and high reward. Venture firms invest millions of dollars on seasoned executives and entrepreneurs who present great promise of creating significant shareholder value with the identification of the next big idea or innovation that will revolutionize an industry.Whether an investment yields financial rewards depends on the delicate balance of innovation, market conditions, leadership strategy and countless other uncertainties. In making the complex calculation of whether to invest in a promising new venture, ma
Gain Access To World-Class Capabilities
Outsourcing organizations take non-core administrative functions and make them their core businesses. They are experts in such business process as Human Resources, Sales, Marketing, Finance, Accounting, Customer Service, Procurement, Business Administration and IT infrastructure, eCommerce, Data Processing, Network Management, Telecommunications, Data Security and Software Development. A well funded outsourcing company will invest heavily in people, technology and process engineering to provide state of the art services to their clients. This level of investment and commitment is beyond the abilities of most middle market companies.
Free Internal Resources For Other Purposes
Outsourcing frees key management from day to day routine and permits them to focus on priorities. Staff utilizes more of their skills; they have more interesting work and overall productivity increases. Boredom is the biggest enemy of productivity.
Resources Are Not Available Internally
In 2005, Bill Gates complained about Microsoft’s difficulties in finding skilled programmers and opened Microsoft India. Finding qualified skilled workers is also a problem for small and mid-sized companies. Outsourcing permits a company to rapidly field an expert team and implement financial, marketing, manufacturing and distribution programs.
Accelerate Reengineering Benefits
Sometimes an executive needs to make a major change to save an organization and the staff does not have the skills or the interest to execute a plan in a timely manner. Outsourcing offers immediate access to qualified staff that may be more experienced and receptive to change.
Function Difficult To Manage/Out Of Control
Executives often seek to reduce excessive costs for IT, legal, marketing, customer service a
HTTP = HTML link (for blogs, profiles,phorums):
<a href="http://www.casualarticles.com/article/32915/casualarticles-10-Benefits-Of-Offshore-Outsourcing-For-High-Growth-Companies.html">10 Benefits Of Offshore Outsourcing For High Growth Companies</a>
BB link (for phorums):
[url=http://www.casualarticles.com/article/32915/casualarticles-10-Benefits-Of-Offshore-Outsourcing-For-High-Growth-Companies.html]10 Benefits Of Offshore Outsourcing For High Growth Companies[/url]
Related Articles:
The 10-Step Action Plan to Finding Your Next Job
Implementing TQM - Who Should Drive TQM Initiative
Bookmark it:
|