Outsourcing: An Analysis

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Outsourcing: An analysis The economic world as we know it is always changing. We live in a volatile time economically, and the need to survive these tough times is restructuring the way the world does business. Rather than keeping up more traditional models of business, globalization is impacting the way nations and corporations connect and compete with one another. Today, most companies use outsourcing as a primary strategy to help ease the load of the stress of day to day operations. Yet, at the same time such strategies have been receiving a lot of criticism because of the hard economic position the United States is in, and the need for work that has been such a problem in the midst of rising unemployment rates. Despite the bad reputation outsourcing has gotten in these vulnerable economic times, the process can be incredibly beneficial to a company's strategy based on its ability to help lower operating costs, open up new capital, and improve overall productivity in general. Still, there are those who believe that the heavy reliance on outsourcing has become an issue that negatively impacts the American economy, especially in such hard economic times. In this vulnerable economy, many opponents of outsourcing claim that it is a matter of corporate responsibility to keep jobs domestically here in the United States. Here, the research suggests that outsourcing can hurt "the workers who lose jobs and those who lose the prospects of jobs" (Bloomberg 2007). Unemployment in
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