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Academic Journal of Business & Management, 2021, 3(1); doi: 10.25236/AJBM.2021.030108.

The impact of outsourcing on global business

Author(s)

Qiqi Zhu1, Jingyi Chen2

Corresponding Author:
Qiqi Zhu
Affiliation(s)

1 School of Social Science, University of California, Irvine, 92697, CA, The US 

2 Division of Social Science, University of California, Santa Barbara. 93106, CA, The US


Abstract

As the organizational performance has becoming more critical and excellent than previous days, today’s rising competition require global business to improve with the day. Through human resources functioning and effective management, business is hoping to perform the greatest efficiency. As one of the most popular method, outsourcing has always been considering as a way to utilize strength and maximize the competencies. By market research in labor-intensive and capital-intensive production, an efficient resource allocation enable companies to have better organizational performance.  In macro terms, the accumulation of business and companies’ cooperation create the global market. 

Keywords

outsourcing, global business, labor cost, capital, resources allocation

Cite This Paper

Qiqi Zhu, Jingyi Chen. The impact of outsourcing on global business. Academic Journal of Business & Management (2021) Vol. 3, Issue 1: 72-76. https://doi.org/10.25236/AJBM.2021.030108.


References

[1] Bruccoleri, Manfredi, Giovanni Perrone, Erica Mazzola, and Robert Handfield. 2019. “The Magnitude of a Product Recall: Offshore Outsourcing vs. Captive Offshoring Effects.” International Journal of Production Research.

[2] Prahalad, C.K., Hamel, G (1990): The core competence of the corporation, Harvard Business Review, Vol. 68, No. 3, p79–91.