Outsourcing Essay Example | Topics and Well Written Essays - 750 words - 2

Outsourcing - Essay Example The location comes into it when the third party operates from beyond the borders making it off shore outsource process. The process of off shore on the other hand pertains to relatively large scale hand over of resources and other functions. There are number of salient features to this concept and these include restoring function, crisis management, economic utility, broader options and variety of field selection. The potential downsides to it include more hassle of handling the global operations, ensuring for overall safety of operations and other potential embezzlements and privacy breaches. The given concepts do bring along trends of cross cultural interaction as well. India in this regard serves as a hub towards the growing outsourced market. India’s I.T based sector is seeing a gradual expansion in this regard. Business Process Outsourcing’ (BPO) is another generic concept which pertains to the outsource practices in numerous disciplines. It entails the business engagement activities between the stakeholders. (Sharma 2004). Another understanding of BPO is making use of the modern techniques and technology for an overall better output yield. BPO stands distinctive from the generally prevailing off shore outsource process. Application Service Provider’ (ASP) is an aided tool in the entire process where BPO entails a whole set of digital system including state of the art web browsers and other online databases. Incorporating BPO against ASP brings about element of risk to the incumbent organization in authority. The outsourced entities and domains within the organizations that are subjected to the practices of outsource and off shore business ventures include the ones that are in front line of action in the organization, namely the information system based networks, the human resource aspect which brings about the cultural context, the financial handling aspect. In short the BPO enables keeping a regular check upon

Chemical Manufacturing Industry Essay Example | Topics and Well Written Essays - 3500 words

Chemical Manufacturing Industry - Essay Example The paper tells that to be able to earn good profit out of manufacturing chemicals, business owners are required to produce chemical products by bulk. Aside from the tight market competition within the chemical manufacturing industry, managers should be aware that the monetary requirement in the establishment of a high-volume chemical manufacturing plant is high. Within the chemical industry sector, the threat of a new entrant is moderate. Even though a potential new player could easily enter the industry, there are quite a lot of factors that could negatively influence their decision to enter the business. Although basic chemicals are usually not protected by intellectual property rights, the number of existing manufacturers within this sector is already high. Thus, it will lead to higher competition in market. With regards to specialty or fine chemicals, most of these items are protected by intellectual property rights (i.e. patent). Therefore, potential new players are prohibited to manufacture the same product. Aside from the large capital requirements, other factors that could make a potential business player refuse to enter the chemical manufacturing business is because potential new entrant is required to take advantage out of economies of scale. ‘Economies of scale’ is the secret behind a successful chemical manufacturing business. Since it would be very difficult on the part of a new entrant to immediately win the trust of large-scale buyers, economies of scale will not be that easy for new players to achieve.