Title

Outsourcing

Document Type

Oral Presentation

Location

SURC 135

Start Date

17-5-2012

End Date

17-5-2012

Abstract

Outsourcing is the process of contracting a business function to someone else, usually overseas in order to minimize production costs. It has been a part of the American business culture since the 1960s, when the U.S. started losing automotive manufacturing jobs to Japan. Outsourcing is good for corporations because it helps minimize production costs, and it allows them to either reduce product costs, or invest more money into research and development if they wish. Society benefits from outsourcing because it usually allows people to purchase goods cheaper than what it would cost if the same things were produced here in the United States. However, the social issue is that many Americans don’t feel that entire savings are being passed on to the consumer, especially when executives are rewarding themselves with tens of millions of dollars in bonuses every year. All while thousands of workers are laid off in favor of cheaper labor overseas. The purpose of this presentation is to show the reality of the advantages and disadvantages of outsourcing. These are all areas we look to expand upon by using journal articles, databases, and search engines as a means of researching this topic.

Faculty Mentor(s)

Hideki Takei

Additional Mentoring Department

ITAM

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May 17th, 10:00 AM May 17th, 10:20 AM

Outsourcing

SURC 135

Outsourcing is the process of contracting a business function to someone else, usually overseas in order to minimize production costs. It has been a part of the American business culture since the 1960s, when the U.S. started losing automotive manufacturing jobs to Japan. Outsourcing is good for corporations because it helps minimize production costs, and it allows them to either reduce product costs, or invest more money into research and development if they wish. Society benefits from outsourcing because it usually allows people to purchase goods cheaper than what it would cost if the same things were produced here in the United States. However, the social issue is that many Americans don’t feel that entire savings are being passed on to the consumer, especially when executives are rewarding themselves with tens of millions of dollars in bonuses every year. All while thousands of workers are laid off in favor of cheaper labor overseas. The purpose of this presentation is to show the reality of the advantages and disadvantages of outsourcing. These are all areas we look to expand upon by using journal articles, databases, and search engines as a means of researching this topic.