1. Offshoring and Outsourcing
Jacob Park/Jerome Nip

2. Contents
Definitions and Examples
Pros and Cons
Questions
Works Cited

3. 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 -

4. Example (Offshoring)

5. 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 -

6. Example (Outsourcing)
Contract!

7. Example (Offshore Outsourcing)
CONTRACT!!

8. Offshore Outsourcing

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

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

11. 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?

12. Work cited
offshoring/
industry
billion-offshore-last-year/