Outsourcing in Organization Behavior Essay Sample

This essay sample on Outsourcing in Organisation Behavior Essay for Singapore students. we will cover What is outsourcing in organizational behavior? Types of outsourcing in Singapore, Advantages and disadvantages of outsourcing, Outsourcing process
MAS Outsourcing Guidelines 2020, etc.

This Outsourcing in Organisation Behavior Essay can be a reliable guide for understanding the process. If you’re looking to download it, please contact our professional writers who will make custom essays according to your needs and requirements!

Introduction- Outsourcing in Organisation Behavior Essay 

We can all agree that “Outsourcing” is becoming quite a common practice in the business realm. But do you know what it is, how it’s done, and its pros and cons? In this sample essay, we shall be looking at all of this. The topic of our discussion shall be “Outsourcing in organization behavior”.

Main body- Outsourcing in Organisation Behavior Essay 

What is outsourcing in organizational behavior?

The term “Outsourcing” refers to a practice in a business where an organization hires another company to perform certain tasks or services which would have been performed in-house otherwise.  One of the main factors behind the use of this concept is cost-cutting.

Moreover, this practice has a significant impact on jobs, be it customer support or production line workers. A company may also choose to outsource their work if another company in Singapore is doing it at a cheaper rate with better results.

Furthermore, this concept was first seen as a business strategy in the year of 1989. By the 1990s it had become an important part of businesses across the globe. Despite its advantages, this practice faced some controversy in several nations. The main issue was that people feared it will result in the loss of local employment opportunities, especially in the manufacturing industry in Singapore.

In contrast to this, people supporting outsourcing say that this practice allows businesses to allocate resources at the most effective points. Plus, it helps the free-market economic balance on a global scale. Regardless, we can all agree that outsourcing has its advantages as well as disadvantages. We shall be discussing them later on. For the time being, we will be looking at different types of outsourcing in the next section of the sample essay.

Types of outsourcing in Singapore

In this section, we shall be looking at different types of it. One must note that these types differ based on the process or part of work a  Singaporean company chooses to outsource. Nevertheless, these are, as mentioned below:

• Professional outsourcing
• IT outsourcing
• Manufacturing
• Process-specific
• Project outsourcing

Advantages and disadvantages of outsourcing

We read that there are critics as well as supports of outsourcing practice. Similarly, there are several advantages and disadvantages of the same. In this section of the sample essay, we shall be looking at the pros and comics.

Moving on, first, we shall be looking at the advantages. These are, as mentioned below:

• It provides a cost advantage
• Helps increase efficiency
• Allows an organization to focus on core aspects
• Relives stress from organization’s infrastructure
• Allows access skilled resources
• Provides timezone advantage

So these are some of the advantages. Now, we shall be looking at the disadvantages of the same. These are, as mentioned below:

• It has some hidden costs
• There may be some security risks
• Organizations do not have absolute control
• Quality control is not as effective
• Risk of public backlash
• There are shifts in the timeframe.

Buy high-quality essays & assignment writing as per particular university, high school or college by Singapore Writers

Get A Free Quote

Outsourcing process

The process of this is more complex than one might assume. Here, we shall be looking at different steps involved in process of the same. Thus, these are, as mentioned below:

1. Determining the business need.
2. Making the decision to use an outside source.
3. Creating scope for the work.
4. RFPS/RFIS issuing.
5. Due diligence.
6. Negotiating on a contract.
7. Analyzing the performance.
8. Terminating or renewal of the contract.

MAS Outsourcing Guidelines 2020

MAS Outsourcing Guidelines 2020 were published on December 16, 2018, and provides guidance on the outsourcing of business functions and operations for MAS-registered securities dealers (SRDs) and investment advisors (IAS) in Hong Kong.

The MAS is proposing that the requirements to outsource certain risk management activities will be lighter for those entities with lower levels of assets under management or those that are registered as an IAS rather than as an SRD. This proposal aligns with the principle introduced by IAASB International Accounting Standard (IAS) 27 Amendment (2016), which reduces outlay costs for small entities through less stringent risk management requirements, SCA 2403 comments on this more closely below.

The more stringent requirements would apply to those entities with assets under management of more than HK$150 billion or those that are classified as major entities. The MAS will work with the SRDs and IASs to define the upper limit for each risk-related aspect, requiring them to conduct a comprehensive assessment of this needs based on the asset size, business profile, and other aspects such as technology risks and operational risks.

Conclusion:

Outsourcing is a great way to manage an organization’s resources. In fact, it has been found that can have benefits for both the outsourcer and the organization they are working with. The most important thing about outsourcing is being able to identify when it should be done in order to get all of its advantages, which you can find out more information in our example essay here.

Need Help With Business Your Management Assignment?

Who can write my essay for me in Singapore? If you are looking for assignment help or ready-made assignment help in Singapore. You have come to the right place. On top of that, all of our services are available at the most affordable rates. We also offer 100% plagiarism-free work and that too within the assigned deadline. Thus, we are considered to be the best Singapore assignment, help provider.

Moreover, students often approach is to buy essays online in Singapore. Another reason for this is that we provide cheap assignment help, Singapore students needs. In fact, we will even provide you free revision.

However, if you want to read more sample essays like this one. You have visited our website. Here, you can find the likes of Current issues in Industrial-Organizational Psychology, Challenges of Organizational Learning, Challenges of Organizational Learning, telecommuting in organizational behavior, Workforce Generations in Organisation Behavior. You may reach out to us through our 24/7 customer helpline.