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Outsourcing and Offshoring

Created by

@FlatterHawkSEye

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Questions and Answers

Which of the following best describes outsourcing?

A corporation consolidating every team within the company

A corporation turning over responsibility for production to independent suppliers (correct)

A corporation automating processes with enterprise applications

A corporation hiring employees from another country

What is the fundamental reason for outsourcing?

Global expansion

Cost reduction

Increased control

Specialization (correct)

What does ERP stand for?

Enterprise Relationship Planning

Enterprise Reporting Platform

Enterprise Resource Planning (correct)

Enterprise Risk Planning

What does the Leavitt Diamond represent?

<p>Information technology use, organizational form, requisite people skills, business processes</p> Signup and view all the answers

What do enterprise applications automate?

<p>Processes that span multiple business functions and organizational levels</p> Signup and view all the answers

Study Notes

Outsourcing

Outsourcing is the practice of assigning a company's non-core functions to external providers who can perform them more efficiently and effectively.

Reasons for Outsourcing

The fundamental reason for outsourcing is to reduce costs and improve efficiency.

ERP

ERP stands for Enterprise Resource Planning.

Leavitt Diamond

The Leavitt Diamond represents a framework for organizational change, consisting of four interactive elements: task, structure, people, and technology.

Enterprise Applications

Enterprise applications automate business processes across the organization, such as financial management, human resource management, and supply chain management.

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Description

Test your knowledge on outsourcing and offshoring with this quiz! Explore the reasons why corporations choose to outsource, the role of overseas firms as subcontractors, and the concept of specialization in business. Discover how companies are adapting to a changing global landscape.