Offshoring and Outsourcing

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Presentation transcript:

Offshoring and Outsourcing Jacob Park/Jerome Nip

Contents Definitions and Examples Pros and Cons Questions Works Cited

Definition (Offshoring) The moving of various operations of a company to another country for reasons such as lower labor costs or more favorable economic conditions in that other country. - BusinessDictionary.com -

Example (Offshoring)

Definition (Outsourcing) The contracting or subcontracting of noncore activities to free up cash, personnel, time, and facilities for activities in which a company holds competitive advantage. BusinessDictionary.com -

Example (Outsourcing) Contract!

Example (Offshore Outsourcing) CONTRACT!!

Offshore Outsourcing

Pros Lower labor and operational cost Tax avoidance More jobs around the world New markets Meet increasing demands

Cons Less jobs in North America Cultural/Social barriers Lack of security Loss of control over business processes

Questions Is outsourcing/offshoring ethical? If no, how can a company improve its business model to make it ethical? What action should the government take to protect workers and consumers from job loss and security issues?

Work cited http://www.businessdictionary.com/definition/outsourcing.html https://www.businessblogshub.com/2017/11/pros-and-cons-of- offshoring/ http://www.businessdictionary.com/definition/offshoring.html https://www.businessinsider.com/how-nike-changed-the-shoe- industry-2014-4 https://itep.org/tax-avoidance-nike-just-did-it-again-moving-1-5- billion-offshore-last-year/ https://www.quora.com/Is-offshoring-unethical http://www.josephchris.com/9-pros-and-cons-of-outsourcing-jobs