Flat World

Because many businesses in the US have more often began outsourcing different business products instead of doing them in-house, it is important to understand why outsourcing may be the best option. Although many tie outsourcing to foreign markets, outsourcing can include both foreign and domestic markets. By entering into a contractual agreement, outsourcing allows organizations to pay for services they need. This gives the option for a business to get professionals to perform services for them that the business may not have the staff for. Outsourcing provides a cost saving-strategy that is usually more affordable. Ultimately,

In general, the outsourcing is hiring the foreign workers/company to do a particular task, as opposed to hiring domestic workers/company. Besides the outsourcing, the international purchase is an essential activity of companies. In the trend of a booming global economy, a company only focuses on its core value and hire suppliers to supply the necessary product and service. The relationship between companies are complicated and interdependent.

The most cited official projection outsourcing is by Forrester. It is estimated that outsourced US jobs will grow from about 400,000 in 2004 to 3.3 million (recenty revised to 3.4 million) by 2015 which seems quite significant. But on a yearly basis this accounts for about 250,000 jobs but in perspective the number is small compared to the total US employment of 137 million. It actually only constituate less than 2 per cent of 15 million Americans who lose their jobs each year . Goldman Sachs estimates that offshoring has accounted for 500,000 million lay offs in the past three years. A study by Ashok Deo Bardhan and Cynthia A. Kroll at the University of California, Berkeley indicates that up to 14 million Americans now work in occupations that are at risk of being outsourced . Forrester also estimated that 300,000 US jobs have been outsourced. While the Commerce Department 400,000 new jobs, which leaves a net result of 100,000 new US jobs . In addition, an Economic Policy Institute in New York announced that 144,000 new jobs were created in August 2004 . Summarizing the numbers, it seems that outsourcing will have a positive effect on the overall US economy.

The U.S. economy has seen many hardships within the last decade. The economy has suffered from a recession that is still threatening to cripple some Americans and unemployment has been at an all time high. People have lost homes and jobs and many businesses have gone bankrupt simply trying to survive. However, in the midst of this economic crisis some companies have managed to survive. Many companies, approximately 36% of them, have found a way to avoid economic collapse by cutting costs (Job Outsourcing Statistics, 2014). One of the most popular cost reducing strategies of our time is called outsourcing.

In the late 20th century, technology began advancing so quickly that entire world economies underwent extraordinary transformations in very little time. It used to be only a handful of powerful people and corporations interacting in global trade and commerce, but technology has made it so “countries like India are now able to compete for global knowledge,” giving leaders and companies the ability to work with more nations than ever before (Friedman 7). The internet has given men and women the power to connect, communicate and provide information to people across the planet in an instant. It has given people the opportunity to seek knowledge, educate themselves and single-handily play a role in the world economy. This is called

First we will look at closely the statistics for outsourcing. According to Lori G. Kletzer statistics, 7.1 million jobs have been displaced since 1979. This is an

Human beliefs of reality primarily focus on what a person sees around them and what they believe they understand. The three concepts that attach themselves to this belief system are thinking, knowing, and finally being. As person journeys through these concepts, they begin to see that it is not a simple idea to truly understand reality and their part within it. A true understanding of reality flows more from the interconnectedness of these three concepts than from them individually. Once individual concepts are grasped the path towards the full realization of potentiality that these represent is discovered. These concepts allows understanding the main character in Flatland, A. Square, when he proclaimed “I looked below, and saw with my physical eye all that domestic individuality which I had hitherto merely inferred with the understanding. And how poor and shadowy was the inferred conjecture in comparison with the reality I now beheld.” To fully understand the power of this statement, I will demonstrate how thinking, knowing, and being are unique to themselves individually. I will also demonstrate how they interconnect with each other, allowing anyone willing to work through the process a much broader understanding not only of the reality they live in, but additionally the new reality that is now open before them.

The IT Service industry has expanded rapidly. Many companies worldwide have made the decision to outsource this industry to offshore companies. Worldwide demand has increased growth to 40 to 50 percent on an annual compounded rate basis. Many developing nations like Latin America and Asia have made an attempt to obtain some of the IT offshoring business from countries like the United States because it is seen as not only a source for

With technology making the world flat problems such as war, the income gap, and use of resources, can be talked through collaboration and we can reach peaceful solutions.

I would like to start this off by saying the idea of a flat Earth is the stupidest thing I've ever heard, and if you were to truly believe that the Earth is flat you might actually be a moron. Most people are to say that christians and Christianity started the idea of a flat world. But there were only “A handful of so-called intellectual Scholars throughout the centuries, claiming to represent the church, To held to a flat Earth.” The majority of these people were look down upon and ignored by the church. But their writings still somehow made it into earlier history books as being the “Official Christian viewpoint”.

In the event that we take a gander at figure one on the past page, we can see this by analyzing an artist's delineation of offshore outsourcing. This astute representation proposes that if an organization does not utilize offshore outsourcing that organization may fall flat. This is noted by the exemplified manufacturing plant holding a sign that says, "China or forgets about it." Pepito composers that some say outsourcing helps organizations

“Today, Indian outsourcing is one of the best ways for CIOs to cut application development and maintenance costs, and deal effectively with the peaks and valleys of software demands.” (Yeo). Outsourcing to India is still focused primarily on highly technological aspects, but is not limited there. They are known for creative development in the pharmaceutical field, and have recently developed an unsurpassed medication for adult ADHD. Their superior IT assistance is not limited to companies, they offer many websites for individuals seeking help with programming. In mid 2007, U.S. outsourcing to India reached $4.9 billion. Although technologically advanced, they still lag in economic prosperity and therefore still don’t expect the type of compensation that Americans do. “They

In view of Thomas Friedman’s work “It’s a flat world, after all”, the entire planet is turning into a global village due to a rapid growth of information technology. There are 10 major contributors, which were also named “flateners” by Friedman, that made the playing field level. Undoubtedly, current sophistication in technology has provided us great access to internet, a virtual platform where people are capable of communicating, sharing knowledge, or performing online activities. Globalization appears to have collapsed the concerns of space and time by outsourcing cheap labor from another continent to undertake the same task but with equal or better performance. To some extent, Friedman has brought about an

How has the Economic downturn, discussed in the opening profile and throughout this chapter, impacted jobs outsourcing in the BPO Industry?

When the question arises, there are lots of facts which explains the advantages of offshoring to India and that explains the best to the asked questions. Whatever are the ingredients required for performing offshoring functions, the location (India) is very rich in that, and thus it offers lots of advantages. Some of them are pointed out in list below:-