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What is offshoring? 


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Offshoring is a strategic approach used by businesses to outsource or relocate certain activities or services to other countries, typically with the aim of reducing costs, increasing productivity, and improving competitiveness in global markets . It involves contracting with businesses outside of the home country to perform tasks that would otherwise be done in-house, such as manufacturing, software development, or customer support . Offshoring can apply to both white-collar occupations, like computer programming and accounting, as well as blue-collar jobs in industries like textiles and auto assembly . The practice has been prevalent since the 1990s and has become an integral part of globalization, although it has also been a source of controversy due to concerns about job loss and economic security in higher-income countries .

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Offshoring, also known as offshore outsourcing, is the practice of contracting with businesses outside the United States to perform services that would otherwise be done by in-house employees.
Open accessBook
09 Mar 2017
45 Citations
Offshoring is the movement of jobs to lower-wage countries, particularly in the service economy, as a result of globalization.
Offshoring is a strategy used by firms to reduce costs, increase productivity, and flexibility by moving some of their operations or processes to foreign countries.
Offshoring is not mentioned in the paper. The paper is about outsourcing and offshoring decision making in global supply chains.
Offshoring is a business practice that involves the relocation of certain business activities to a foreign country.

Related Questions

What is outsourcing?5 answersOutsourcing is the practice of contracting with another company or person to perform specific functions that are considered non-core to the business. It involves using external resources to carry out certain processes in order to achieve cost savings, efficiency, and focus on core competencies. Outsourcing can be applied to various areas such as logistics services, global supply chain management, and support functions that are not the organization's core competencies. It is a strategic business tool that allows companies to reduce costs, expand services, and access specialized expertise. However, it is important to make informed decisions and effectively manage the outsourcing relationships for it to be successful. Outsourcing is a contemporary business practice in both the private and public sectors, where organizations engage the services of another entity to perform functions that were previously undertaken in-house.
What is Freelancing?5 answersFreelancing refers to a popular way of employment where individuals work for themselves and can perform contract work or tasks either full- or part-time in various job fields. It allows individuals to choose projects based on their skills and interests, without the need for long-term commitment or working in an office. Freelancers can be represented by a company employee or work on a temporary or contract basis. The rise of freelancing has been facilitated by online platforms that provide a unified space for employers and freelancers to interact, authenticate jobs, and handle payments and regulations. This form of work has gained more attention, especially during the Covid-19 pandemic, as working from home or appropriate workspaces has become more popular. Freelancing offers opportunities to improve technical skills, leadership management skills, and potentially earn more income compared to traditional employment.
What is the definition of remote work?5 answersRemote work refers to a working arrangement where employees can work outside the organization using technology. It involves working in locations remote from central offices or production facilities, with no personal contact with co-workers but the ability to communicate through technology. Remote work can be conducted from various locations such as a home office, satellite office, coworking environment, or home. It is characterized by the use of information and communication technologies to enable employees to work outside the organization. The COVID-19 pandemic has led to a significant increase in remote work globally. Remote work offers flexibility and autonomy to employees, allowing them to manage their work tasks outside the organization.
What is workaholism?5 answersWorkaholism is a form of behavioral addiction characterized by an excessive and uncontrollable need to work, often leading to negative consequences for health and well-being. It is associated with perfectionism, where individuals set unrealistically high goals and experience chronic dissatisfaction when these goals are not achieved. Workaholism can be prevalent in various professions, including engineering, and is influenced by factors such as long working hours, job satisfaction, and the absence of leisure activities. The concept of workaholism has evolved over time and has become naturalized in society, with individuals who identify as workaholics representing and communicating their addiction through their lived experiences. Workaholism is considered to have a three-dimensional structure, involving behavioral, cognitive, and affective aspects, and further research is needed to understand its nature and determinants. Psychotherapeutic interventions based on dependency can be beneficial in treating workaholism.
What is the definition of offshore?3 answersOffshore refers to various concepts and practices across different domains. In the context of globalization, offshore outsourcing involves the movement of jobs to lower-wage countries, particularly in the service sector, and is often seen as a threat to jobs and economic security in higher-income countries. In the realm of property relations, offshore refers to regions where state oversight and regulatory rules are attenuated, such as in finance. Offshore can also refer to an offshore system for transferring fluid below sea surface, such as oil, using flexible transporting units and structure fix-points. Additionally, offshore is associated with international finance and the establishment of offshore financial markets and export processing zones, which have expanded rapidly since the 1970s. Lastly, offshore is viewed as a form rather than a place, with implications in offshoring finance and detention.
What is the definition of offshore?2 answersOffshore refers to various concepts and practices across different domains. In the context of globalization, offshore outsourcing involves the movement of jobs to lower-wage countries, particularly in the service sector, and is often seen as a threat to jobs and economic security in higher-income countries. In the realm of property relations, offshore refers to regions where state oversight and regulatory rules are attenuated, such as in finance. Offshore can also refer to an offshore system for transferring fluid below sea surface, such as oil, using flexible transporting units and structure fix-points. In the field of international finance, offshore encompasses offshore financial markets, export processing zones, and the extension of offshore principles into areas like gambling and online merchandising. Offshore finance allows for calculated ambiguity, enabling individuals and firms to have contradictory but legally valid answers to the same question, which can undermine financial system stability.

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