An Economic Analysis of Outsourcing Essay - 1745 Words

An Economic Analysis of Outsourcing Outsourcing can be termed as shifting of major functions (production, back office processing and call centers) of a firm from one area to other which in return gets them more profit. Usually large firms base their head offices in developed countries and operate their productions from other developing countries where they can produce the goods at a cheaper cost. One of the main reasons for outsourcing of jobs from US to other developing countries like China and India is the low cost of production due to cheap labor available which in turn reduces the variable costs (6) involved. Some economists look upon it as a threat to US while others think of it as a way for its progress. The outsourcing of†¦show more content†¦Since labor was cheap they recruited more and increased productivity (6) and get more sales which helps to lower the variable cost involved (6) and increase the profit margin. But during the mid 90s US companies saw that China was offering wages much lower than Mexico, so they began to focus on China. In the beginning monopolistic competitors (11) began move to China and earn huge profits which caught the attention of Oligopolists. They began to invest huge amounts in capital to build factories and start manufacturing products in China. They concentrated for profits earned in the long run. They knew that since wages are low the cost involved in this can be transferred to increasing the production, charge a low price and maximize sales revenue.(11) They made tie-ups with local companies which helped them to study more about doing business in China. Most of the jobs that were outsourced were unskilled jobs which demanded low wage rates w hile the skilled jobs still remained here. The wage rate compared to the US Dollars is very low in Countries. For example the average salary of a software programmer in US is about $60,000 to $80,000 while that of India is just $5,880 to $11,000 (Kansancityfed.org Ââ€" Off shoring in the service sector: Economic Impact and Policy Issues). Taking into consideration this fact as the main reason for companies to go offshore; when they can get the same labor with theShow MoreRelatedPrice Elasticity Scenario647 Words   |  3 Pageshow to price his product so that it can be competitive in the market. This brief analysis will illustrate some of the economic principles that are relevant to the decision that Carlos faces and evaluates different option in which he might select from. Resource Scarcity The notion of the scarcity of resources is at the heart of economics and economic theory. The definition of a scarce resource is as follows (Economic Glossary): A resource with an available quantity less than its desired use. ScarceRead MoreOutsourcing For A Human Resource Essay1698 Words   |  7 Pagestheir call centers overseas including India† (Economic Times, 2013). In view of the aforementioned citation, it presents an intuitive frame of reference into the principal purpose of this module one case assignment. As this case assignment will be composed of an essay that will initially specify whether or not, I as a student of this course oppose or favor outsourcing jobs overseas. Secondly, this essay will deliberate upon the pros and cons of outsourcing overseas to a developing nation. AdditionallyRead MoreCompetitive Analysis of Business Cycles1301 Words   |  5 Pages Institutional Affiliation Competitive Analysis Business Cycles Labor is an important factor of production for all firms. Business information is not perfect at Wal-Mart Stores: economic experts are not dismayed or surprised with the unemployment rates at the stores. Employees at Wal-Mart stores are likely to be affected by frictional unemployment. This occurs at a result of everyday changes in the companys economic structure, which is likely to lead to the death of the firm. EmployeesRead MoreGlobal Stratification721 Words   |  3 Pagesï » ¿Global stratification generally has a negative reputation. Critics see outsourcing as impacting both domestic and foreign countries in a negative way. Domestic economics falters since business is transferred to outside sources, therefore local employment suffers, prices may rise, and people may lose their jobs. Developing countries experience global stratification where, even though the imported business upgrades social conditions, social demarcation and hierarchy occurs where the labor class isRead MoreEssay about Job Outsourcing542 Words   |  3 Pagesperpe tual economic problems. Held within the crumbling economy of today, are many ongoing controversial issues that plague our once healthy nation. One such problem is job outsourcing, an issue with many schools of thought giving the topic its controversial nature. nbsp;nbsp;nbsp;nbsp;nbsp;The exportation of jobs offshore is job outsourcing. This, to some, is believed to be a benefit to our economy. According to a brief report from the National Center for Policy Analysis, â€Å"Increased economic globalizationRead MoreLabor in the United States and Outsourcing Essay1034 Words   |  5 PagesOutsourcing emerged on the financial arena during the 1980s and has since then been spreading. Outsourcing production was furthered with the process of globalization which provided a new component leading to the strengthening of resources, skill and labor specializations across the world. The process of outsourcing is using the skill and abilities of a third-party to accommodate society on the foundation of labor. As stated earlier, it was during the 1980s that the process kicked off mainly due toRead MoreOutsourcing American Jobs Essay1561 Words   |  7 PagesIntroduction Outsourcing of American jobs overseas is displacing Americans in the United States. American blue-collar workers and the Middle Class American will soon be a word of the past if the US government continues outsourcing the low-skill jobs overseas. One of the concerns in regards to the outsourcing of jobs is that wages of American jobs versus the wages of the Chinese, Japanese, Indians and Philippians are much less. If these workers were using the same identical technologyRead MoreWhat Major Trends Do You See Affecting The Roles Of Purchasing Managers During The Next Decade?1447 Words   |  6 PagesBrazil, and India, as well as other developing economies. Sustainability is an essential strategy to business, especially the global company. Procurement function will move beyond managing cost and seek to develop supply chains that create and sustain economic and social value. The â€Å"linear economy† of consumption could be rejected and a â€Å"circular economy† based on continuous use and reuse is disposed. The virtue purchasing team is more popular in global company or international company. The integrationRead MoreResearch on the Indian Software Export Sector1362 Words   |  6 Pagesstudy on the topic; I have chose to do the case study of Indian company ‘Infosys’. It was found in 1981 in Bangalore. It is one of the most appreciated and esteemed companies in India that provides technology, business consulting, engineering and outsourcing services. Only a minor share of proceeds comes from domestic sales. It is primarily an exporting firm, and one with global reach. It was first listed on the Bombay Stock Exchange in 1993 and in 1999 on the U.S based NASDAQ. The company specializesRead MoreAnalysis of Three Videos on Outsourcing967 Words   |  4 PagesAssignment: Overseas Outsourcing Introduction One of the most polarizing business practices of the last two decades continues to be the decision on the part of businesses to outsource production of their products to third world nations, The are a myriad of benefits and risks to outsourcing, often as diverse as the companies that choose this strategy as a means to compete globally (Beasley, Bradford, Pagach, 2004). The three videos analyzed in the paper have successfully defined the economic, ethical,

Australia And Asia Essay - 2444 Words

This essay analyses the Australian-China bilateral relationship since 1945 and in particular its political significance to Australia. Many global factors have influenced this relationship, including the advent of the Cold War, the Korean War, the Vietnam War and the collapse of the Soviet bloc European nations. In addition, internal political changes in Australia and China have both affected and been affected by the global changes. It will be analysed that Australia’s bilateral relationship with China has always had a sharp political edge but that approaching the new millenium economics and trade considerations are shaping Australias and for that matter Chinese politics. A central feature of the Governments approach to foreign and†¦show more content†¦The Fraser government continued this policy direction with China, which was strengthened even further during the Hawke and Keating years (1983-96). The Howard government has continued this policy and has chosen to place economic and trade considerations above ideology. Pursuit of a strong bilateral relationship with China by Australian Labor governments might have been predicted on political grounds but, increasingly, as the world moves to embrace a global village profile governments of all political persuasion’s are shaping the foreign policies on the basis of national economic self interest. In handling bilateral relationships, the Government often claims to have adopted an integrated approach taking into account the totality of Australian interests. But, a closer analyses of this claim reveals it would be almost impossible to meet the totality of Australia’s interests in any bilateral relationship and this is especially true of China which has such a different socio-political system. This close relationship continues to raise political questions for Australia to grapple with, such as her relations with Taiwan, Tibet and Chinese human rights issues. In some instances Australias interests will be confined mainly to trade and investment; in the more substantial bilateral relationships, the Government will implement comprehensive strategiesShow MoreRelated Globalisation - Australia and Asia Essay2566 Words   |  11 Pagesselected representation of local culture. I will be using studies of Australia/Asian relations to illustrate these ideas. In order to apply these ideas to Australian and Asian relations, we must first establish how we some have come to realise that â€Å"no one today is purely one thing†, as opposed to years gone by. As Said (1978) and others have shown, Europe, from which Australia’s culture originates, has traditionally viewed Asia and Asians with contempt and inferiority, and â€Å"one of its deepest andRead MoreAustralian Foreign Policy And Australia s Relations With Asia1782 Words   |  8 PagesAustralian foreign policy is characterised by a series of significant issues that are all inter-related. This piece will focus on Australia’s relationship with the US, Asylum Seeker policy and Australia’s relations with Asia. Relationship with the US Australia has had a long and close relationship with the United States. US-Australian relations are underpinned by the ANZUS treaty, finalised in 1951. The relationship is underpinned by shared values, culture, social bonds and common strategic interestsRead MoreWhy People From Europe And Asia Have Developed Faster Around The Americas, Australia, And Africa3086 Words   |  13 PagesPrologue: Yali’s Question In this chapter, Diamond discussed why people from Europe and Asia have developed faster than people from the Americas, Australia, and Africa. He asserts that it is not because of any genetic superiority that the current unequal distribution of wealth and power exists. Diamond was inspired to write this book because of a question posed to him by a Papua New Guinean named Yali. Yali inquired as to whom white people have more cargo (material possessions) than Papua New GuineansRead MoreAustralia s Bilateral Trade Agreements With The Trans Pacific Partnership1468 Words   |  6 Pagesin breadth and depth.   It is based on strong economic and trade complementarities and assisted by a comprehensive program of high level visits and wide-ranging cooperation activities† (People’s Republic of China Country Brief, 2014). In addition, Australia is also pursuing bilateral trade agreements with Japan and South Korea. The nation is also exploring its options with the Trans-Pacific Partnership (TPP) with Chile, New Zealand, Singapore, Brunei, the United States, Malaysia, Peru, Vietnam, CanadaRead MoreEssay on The Effect of the Vietnam War on the Australian Society912 Words   |  4 Pagesa result, our fear of communism and of Asia increased dramatically. Australia, occupying a large mass of land, yet having a small population had always lived in the belief that they were threatened some way by the foreign powers and this led to the formation of â€Å"The White Australia Policy†, which was set up in 1901. This policy clearly reflects the enormous fear of threats from the Asian countries. Another major belief Australia had was that it could never adequately Read MoreAustralia s Involvement During The Second World War1100 Words   |  5 PagesWar was announced by Prime Minister Robert Gordon Menzies on the 3rd of September 1939. Roughly one million Australian men and women served the World War passionately guarding its allies. Australia took part in many campaigns during the Second World War in Europe, the Mediterranean, North Africa, South-East Asia and the Pacific regions. Many notable defence units that were involved in the Second World War: Royal Australian Navy, Royal Australian Air Force, Royal Air Force. Women were privileged asRead More Australia Essays1189 Words   |  5 Pages Australia- Trade and Immigration Background As Joycelyn has mentioned Australias having greater and greater interaction with its Asian neighbours, through the areas of trade and its active role in the regional trade organization - APEC. Despite its location, Australia can hardly be thought of being an Asian country. Not so long ago, Asian were looked down upon, with a mixture of fear because of the communist aggression, pity because of their poverty, and contempt, as they dumped cheap and poorlyRead MoreDemocracy In Australia Essay1602 Words   |  7 Pagesbusiness in China. Australia has joined strong allies the US, Japan and other Europe to condemn Chinas human rights violation and its commitment to restore international order on the United National Human Rights Council (Wen, 2017). In the 21st Century Australia is lobbying to ensure everyone have the same rights, treatment, equality before the law and equality of education, and healthcare, freedom of speech, free to worship and equality of opportunity for global citizens. Australia believes that mannerRead MoreAustralia s Historical Fear Of Invasion951 Words   |  4 Pagesthat the fear of invasion in Australia has evolves and changes over time from a traditional realist perspective that focused on states, to one focused on individuals and non-state actors. Firstly, this essay will briefly discuss the previous fears of invasion, from the introduction of the White Australia Policy to the War on Terror, and how events in Australia’s past shaped foreign policy. Secondly, this essay will discuss the current, evolved fear of invasion Australia experiences. 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Dramaturgical Perspective Free Essays

Dramaturgical Perspective The dramaturgical perspective was developed primarily by Sociologist, Erving Goffman who recast the theatrical metaphor dramaturgy into a sociological term, meaning that social life is like a drama or stage play where intricacies of social interaction could be observed and analyzed, and people can perform in a manner that communicates how they would like others to perceive of them. Goffman stated that, â€Å"All actions are social performances that aim to give off and maintain certain desired impressions of the self to others† (Crossman, 2012). Central to dramaturgy are the front and back regions. We will write a custom essay sample on Dramaturgical Perspective or any similar topic only for you Order Now The front region is in essence the stage where the performance occurs. Examples of the front region are the teacher’s classroom, the public speaker’s podium, and the waiter’s restaurant dining room. It’s what the audience sees and the setting for a carefully choreographed and ordered performance. The back region is where all the activity that audience does not see, that is crucial to the front region performance occurs (Monnier, 2010). Symbolic interactions are more related to how people look at things and how their perception affects their behavior. In America it is considered rude to blatantly stare at another individual, in certain parts of Africa, for example, that is not the case. Curiosity is a norm and it is not considered rude to stare (Henslin, 2011). Americans also have a much larger personal space bubble than many other cultures. An American doesn’t stand close enough to a stranger to accidentally brush up against them if they can at all help it. Someone from South America, who is accustomed to standing in close proximity to an individual he/she is conversing with may take offense if the individual they’re speaking to continues to move away. On the other hand, an American will likely feel quite uncomfortable participating in conversation with an individual standing closer than approximately two feet (Henslin). Therefore, symbolic interactions happen without much thought, which is different from dramaturgy, which is a well thought out and prepared way of conducting oneself. Ethnomethodology is the study of how people use their perceived commonsense to make sense out of life (Henslin, 2011). It’s the background assumptions individuals take for granted about the world that determine our behavior in our social life. They are culture driven, unstated rules that people tend to stand by and violate only with risk of offending or concerning others. For instance, a young man would probably not take a first date to a strip club. There’s no written rule covering that issue, but commonsense would tell him that would not be an acceptable behavior. Although ethnomethodology does involve some thought, it still differs from dramaturgy as it is largely influenced by societal norms rather than just what image they’re desiring to portray to others. A recent interaction I had that involved dramaturgical concepts was an appointment with administration at my son, Vinnie’s school regarding his classroom placement for next year. Vinnie tests on the lower end of the reading spectrum and all of his teachers, past and present have commented that he has trouble staying focused and is easily distracted, but never causes any trouble; therefore, he tends to fall through the cracks. Having trouble with his current teacher holding him accountable for work completion has been an issue; therefore, I’m quite concerned about Vinnie’s placement next year. I carefully utilized the back region and prepared a spread sheet of my concerns along with specific examples, and readied myself to express them in a confident, respectful, but determined manner. I’d thought about questions and/or statements that would potentially be posed to me, and prepared as best I could on how to respond appropriately without wavering from the outcome I desired, which was a specific teacher. Along with myself, the Academic Director, Curriculum Specialist, and the Intervention Specialist were present at the ‘front region‘ meeting. Everyone was prepared with appropriate data. I stated my concerns, which were both acknowledged and validated, everyone was extremely courteous and showed appropriate concern for Vinnie and the issues I disclosed. Each person in attendance discussed issues pertaining to their own expertise regarding Vinnie and a consensus was reached. Everyone left the meeting feeling something positive had been accomplished, and each individual’s social performance seemed to accomplish exactly what they’d desired. A deeper sociological significance that resulted is that administration now knows that I am a concerned and very involved parent, but not overtly demanding without reason and/or the willingness to discuss and negotiate. I learned that administration is truly concerned about individual students and will accommodate to the best of their ability in order to ensure the success of each. References Crossman, A. (2012). About. com: Sociology: Dramaturgical perspective. Retrieved from http://sociology. about. com/od/D_Index/g/Dramaturgical-Perspective. htm Henslin, J. M. (2011). Essentials of sociology: A down to earth approach (9th ed. ). Pearson. Monnier, C. (2010). Global Sociology: Social interaction. Retrieved from https:// globalsociology. pbworks. com/w/page/14711252/Social%20Interaction How to cite Dramaturgical Perspective, Essay examples

Educational Technology and Other Learning Resources Essay Example For Students

Educational Technology and Other Learning Resources Essay Manually Educational Technology and Other Learning Resources One of the biggest concerns that have been aroused in academic sittings is the presentation of appropriate educational resources. Perhaps so, this paper will discuss my understanding of educational resources I have learned reading chapter 11 of Jeremy Harmer 2010. One of the things that I learned from this chapter is that not academies use the same resources to present suitable ideas, facts, and skills that are to develop students knowledge of the world or to enhance the inborn abilities of students in field of education. In addition, different means such as projectors, laptop computers, Audio players, electronic whiteboards and overhead screens, textbooks, are used to display arranged teaching information in classrooms all around the world; moreover, I also learned about some other classes that are designed without all these resources. Thus, in this kind of classrooms the instructors simply approach the class, for example, with a picture or He/she can take on students through their own thoughts and experiences that bring from outside the class. In classrooms where instructors design lesson plans based on using simple objects like picture, esters and flash cards, it Is critical to consider whether or not students respond effectively. I realized that some students do not respond when they are provided with simple means as teaching materials, because they think that they are being treated childishly. So, It is Important to stimulate students Interest according to what they like to deal with. After reading this chapter, I learned that there Is always a better way to project a successful classroom lesson. I was always thinking about the textbooks with large tittles and confusing activities at the end of each chapter. It was not easy for me to think of how I can present or teach this kind of textbooks if I will become a teacher. Now, I learned that a teacher would simply change the actively and Ignore confusing large tittles and even He/she would replace the textbook with another textbook. I also learned different ways of finding Information from dictionaries, encyclopedias and online. Dictionaries usually present Information about particular Items In clear and concise forms, and encyclopedias present classified Information about every possible topic. The Information that Is taken from a did online Is not always credible, so I learned first to find out If the side Is credible and then decide If I can use It as a source of Information for my student. In conclusion, I learned that there are many sources of Information that can be used In classrooms; however, teachers should be careful about students reaction about the Information they want to present as teaching materials. If the procedure that Is not suitable with students Interest would not result In an effective lesson In academic campus. Educational Technology and Other Learning Resources By Manually-Shams esters and flash cards, it is critical to consider whether or not students respond childishly. So, it is important to stimulate students interest according to what they like to deal with. After reading this chapter, I learned that there is always a better become a teacher. Now, I learned that a teacher would simply change the activities and ignore confusing large tittles and even He/she would replace the textbook with another textbook. I also learned different ways of finding information from dictionaries, encyclopedias and online. Dictionaries usually present information bout particular items in clear and concise forms, and encyclopedias present classified information about every possible topic. The information that is taken from a side online is not always credible, so I learned first to find out if the side is credible and then decide if I can use it as a source of information for my student. In conclusion, I learned that there are many sources of information that can be used in information they want to present as teaching materials. If the procedure that is not suitable with students interest would not result in an effective lesson in academic