Advance form of International Business - Trends of Offshore Outsourcing

by Btucker With the rapid success in the field of information and technology and drastic changes in the philosophy of doing business of different nations of the world have changed the whole scenario of the international business. Adaptability of the internet and Innovations in the IT sector have made the world a single platform for the business and given birth to new form of international business called offshore outsourcing. Using the web and it’s latest technologies for the business and social interaction between companies as well as common people lead to flow of the cross boundary interactions, changing growth strategies, introduction of social media are few reasons for the success of information & technology. In the recent years these factors have initiated the small & medium as well as large companies of developed nations to outsource their work to the developing nations and gradually various trends of outsourcing the work comes forward like: Multi sourcing or Globalization, Mergers and acquisitions, Person to person (P to P), Green IT and virtual world. Big companies of the world have started outsourcing their work to more than one country and in this run India is big hub with knowledge base community and next is China. There are other nations which are emerging for rendering services such as Russia & Ukraine from Eastern Europe, so multi sourcing is the new trend in the global business environment. MNCs of the world are acquiring the small level companies, Person to person (P to P) consist of entrepreneurs to individuals in form of online tutorials, Editorial and Writing Services, IT services, sales & marketing services, etc. Big players of the business world have started situating their offices in the different parts of the world for expansion of business and which helps in performing direct meetings and dealings between companies. Green IT is the latest concept for the protection of the environment, which makes the companies to change the demands from their suppliers. The outsourcing concept helps in reducing cost of production and enhancing quality of the production. Outsourcing of web related jobs from big companies as well as medium sized companies has increased in recent years and there are thousands of offshore web development companies providing customized services. The most popular web services are website design & development, eCommerce solutions, software development, etc. Hence, Offshore Outsourcing Trends are creating new avenues of success for the global business environment. Offshore outsourcing company india offers custom software application development services like PHP/MySQL & ASP.Net Application Framework. For more details please refer this URL www.offshore-outsourcing-company-india.com Article Source: http://www.articlerich.com

IT Outsourcing Issues

by Mohsin Khan A globalized economy has brought us into close contact with other business professionals, and talking with a man located overseas is a thing of the past in this digital era. As businesses worldwide embrace the rules of globalization gradually, they have also realized its significance for their daily processes. One of the major opportunities for small firms has been the prevalence of IT Outsourcing. Most of all, it allows you big savings if done properly. But there are other significant benefits too, like it frees up more resources for you to focus on core competencies. And remember, you can benefit from the combined intelligence of an extremely diverse staff, and can employ the best brains of third-world countries at comparatively lower costs. On the other hand, if not done properly, it can rather turn into a nightmare and may even result in greater expenses as compared to internal work. Lengthy research papers have been written on this issue, and this comparatively tiny article is insufficient to inform you about all the problems. Hence, only the more widespread risk categories will be discussed in this small discussion. One of the very first motivations to outsource IT projects is none other than money; therefore, we will discuss that first. First of all, clients typically take into account only salaries when they compare in-house development against outsourcing. In fact, numerous people get the idea of outsourcing solely because they realize wages in some Cheapistan are less than half of what they typically pay. While this is no doubt a possibility, it wouldn’t do good if you take for granted that’s the only cost. Neglecting expenditure that comes from management, communication, and the like isn’t an option. Hence, do thorough research and take into account the entire cost of outsourcing; else, get ready for a shock when you see the accounting books at the end of the day. Next on, the culture of the supplier is very important for you. Do they implement standards to maintain a particular quality standard? Have they taken appropriate steps to defend their systems from hackers and viruses? You don’t like an ex-worker to steal your proprietary software’s source code and trade it on eBay, would you? Things similar to these would come into your mind when you create an outsourcing strategy. Also study the ethnic values prevalent in your suppliers’ country. As pirated works are a norm in a good part of Asia, you have to ensure your intellectual property will not get disseminated on a domestic scale via other channels. As a final point, some threats are exclusive to the nature of the IT project you outsource. If you are outsourcing tasks that can be hardly measured, you may face conflicts later. And don’t ignore small details by leaving them at the mercy of the supplier to decide. For instance, you can hire php programmer to make a site for your latest business. Nevertheless, if you fail to agree on the specifics carefully, you can later learn he used components that amplify your web hosting costs by a noticeable value. Start with a fresh mind as if you are putting your feet in a new meadow and do research as needed. There are experts in your country who can help you make or break the deal if you wish. Don’t forget that subcontracting in itself isn’t a botched concept; but you should be aware of the best practices to succeed smoothly. Mohsin Khan works for an IT outsourcing consultancy firm. You can hire Php programmers through us for successful outsourcing of your jobs. Article Source: http://www.articlerich.com

How To Choose A Good Offshore Outsourcing Partner In The Present Scenario

by Arvind Sharma Offshore outsourcing is the most cost-efficient route to success for many companies, especially those in the Western Countries. Sadly, the collapse of several banking and finance companies in the Western countries has had a drastic impact on offshoring business. Yet, many other companies are keen to outsource work from countries like India, where the labor is cheaper and the quality of service is higher. Cost savings and competency are the two means to success during recession, and outsourcing is the best channel to achieve both. The BPO boom in India witnessed the rise of thousands of offshore outsourcing companies, almost in every state of the country. However, many of them had to pull their shutters down as the economy started wavering. In this scenario, it is important for you to consider the following aspects before you pick your offshore outsourcing partner in India. Quality of service: How do you test the quality of service of an offshore outsourcing company? Well, you can do this by checking their track record. Many offshore service providers in India are built on solid bases, and they have been serving their clients for a long time. If you look at some of the case studies given in the company Web sites, you will be in a position to distinguish these companies on the basis of service quality. Knowledge of the specific service area: Ideally an offshore outsourcing vendor should be specialized in one type of work, for example, financial services, software development, healthcare services, etc. The specialization itself shows that the company is familiar with the industry, so it can offer quality service to that industry. Never approach a company that claims to have expertise in ‘all’ areas of businesses. Infrastructure and resources: Many outsourcing companies in India operate from remote areas where access to infrastructure facilities is limited. This scenario points at the importance of evaluating the infrastructure and resource capabilities of a company. Before picking an offshoring vendor, you have to ensure they have an authorized building, advanced IT and communications infrastructure including the hardware and software, and sufficient number of employees. Other important features to be considered before finalizing your offshore outsourcing vendor in India include company track record, employee profiles, number of years in business, scalability of services, certifications & accolades, and commitment to relationship. Also, before signing the deal, make a personal visit to the organization to see the actual business process. For more information please visit at IDS Logic- an offshore IT outsourcing company provides internet marketing services, web hosting services, web design and development solutions, SEO expert services in India Article Source: http://www.articlerich.com