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From an economic standpoint, a firm should outsource any non-core activity if it can be done by someone else for a substantially lower price. This is more effective use of the firm's resources which makes it more competitive, and therefore represents the best interests of employees, shareholders, creditors etc.
Outsourcing work usually increases the cost of managing the work, and also the risk of failure. If the outsourcing involves a 3rd party directly interacting with the firm's customers, this is also a further risk.
Before deciding if outsourcing is a good idea, these additiona risks needs to be considered, not just dollar pricing.
What else can I help you with?
Difference between relevance and irrelevance theories of dividends?
Relevance theory argues that dividends impact the value of a firm and therefore allocation decision should be based on investor preferences, while irrelevance theory posits that dividends have no impact on the firm's value and investors can create their own desired dividend stream by selling a portion of their shares.
How would you evaluate your present firm?
I would evaluate my present firm based on its performance in meeting key objectives, its culture and values, opportunities for growth and development, and level of employee satisfaction. I would also consider factors such as market position, financial stability, and strategic direction in assessing the overall health and success of the firm.
What is a recommedation?
Anything such as a letter or words, that can induce acceptance or favour
What are the difference between relevance and irrelevance theory of dividend?
The relevance theory of dividends suggests that dividends impact a firm's value, investor preferences, and information signaling. In contrast, the irrelevance theory of dividends proposes that dividend policy does not affect a firm's value because investors are indifferent between dividends and capital gains.
How strict a teacher should be?
Strict means different action to different people. It means terrorizing for some while it may mean being firm to others. Main criteria to distinguish would be if one is exercising power and taking it as an ego or wants to help children. It looks so easy when seen from the surface but needs areal soul searching to isolate the two. If one is certain of his or her judgment based on this criteria, a teacher should be firm - very firm in fact. If being strict means physical punishment and terrorizing children even for the sake of children, it may have little benefit although one can really harm children without even shouting at them. If we agree that there are several truths - each of us should be able to find a middle path which is not as easy as saying yes or no. Shooting at schools are sometimes being linked with the fact that the culprits had bad feelings about schools. Not being strict also should not mean that one is not taking responsibility. Its easier at the outset to be 'loose' and not be responsible with serious consequences in the lives of children as one can imagine. I have the following two references to start pondering as there is 'no one true answer' to this question. If some one has genuinely asked this question, they know what is the right thing to do even if it may not be an ultimate truth. http://www.springerlink.com/content/w17261t08x47m448/fulltext.pdf http://web.ebscohost.com/ehost/detail?vid=2&hid=112&sid=fc5c9509-50e3-4270-b52a-761cbc010e4c%40sessionmgr103&bdata=JnNpdGU9ZWhvc3QtbGl2ZSZzY29wZT1zaXRl#db=afh&AN=1979937
What is a sentence with repair reputation in it?
To repair reputation efficiently at a low cost, you should find a good outsource reputation marketing firm.
Would it be a good idea for a small firm to outsource database management?
It would be a great idea for a small firm to outsource a database management because you can keep records easily, and when you need to find something, it's all in the database.
Can a firm Outsource its Recruiting?
Absolutely. It's done everyday. That's what keeps staffing firms in business.
When should a corporation or business unit outsource a unction or an activity?
A business unit or corporation should outsource an activity or a function when they want to cut of the costs.
Can metal studs be worn on firm ground?
They should not be worn on anything but a grass field or turf (:
Looking to outsource legal functions to India and you are looking for advisors or consultants to help?
I think a firm named Fronterion, LLC can help you out. www.fronterion.com
Should I outsource my automated payroll service?
If you have a small staff (
Should I outsource customer services to India?
No, it will just annoy your customers.
How can a law firm effectively outsource legal work to improve efficiency and reduce costs?
A law firm can effectively outsource legal work by carefully selecting reputable outsourcing partners, clearly defining project requirements, and maintaining open communication throughout the process. This can help improve efficiency and reduce costs by leveraging specialized expertise, increasing flexibility in resource allocation, and streamlining workflow processes.
Low wages in the underdeveloped world give US companies an incentive to do what?
outsource
When should a corporation outsource a function?
A corporation should outsource its function(s) when its in-house staff cannot do the work anymore or if manpower is short and there's a need to cut costs in hiring more people at a lower pay rate.
Should property management business set up its own cleaning service or outsource?
If you have big business and every day you need to arrange for cleaning, then it will be more profitable if you have your own cleaning services as compare to outsource and if you have less work of cleaning services then its better to outsource.
