scispace - formally typeset
Search or ask a question

What is offshoring? 

Best insight from top research papers

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 .

Answers from top 5 papers

More filters
Papers (5)Insight
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.

See what other people are reading

Why become the automotive sector more sustainable?
4 answers
The automotive sector is becoming more sustainable due to various factors. Firstly, the industry's rapid development has led to increased CO2 emissions and negative environmental impacts, prompting a shift towards sustainability. Additionally, the focus on sustainability is driven by the need to meet CO2 emission limits and comply with stringent environmental legislation. Moreover, the integration of sustainability concepts into supply chain management is recognized as crucial for automotive companies, emphasizing the importance of sustainable practices throughout the industry. Furthermore, the emphasis on sustainability is also influenced by the increasing importance of electric motors, lightweight construction, and CO2 emission reduction in the automotive sector. Overall, the automotive sector's move towards sustainability is essential for reducing environmental harm, meeting regulatory requirements, and aligning with evolving consumer preferences.
How to save money on food in south africa?
4 answers
To save money on food in South Africa, one effective strategy is to participate in programs that reduce prices for healthy food purchases, as shown by research on HealthyFood participants. Additionally, addressing food wastage in the quick service restaurant industry can help mitigate unnecessary costs associated with production, distribution, and packaging, highlighting the importance of efficient supply chain management. Furthermore, implementing policies to reduce salt consumption can lead to economic benefits, such as saving households and the government significant amounts in healthcare expenditures while also providing financial risk protection. By combining these approaches - engaging in cost-effective healthy food programs, reducing food wastage in supply chains, and supporting policies that promote healthier eating habits - individuals in South Africa can effectively save money on food while improving overall health outcomes.
What factors influence the decision to replace a supplier?
5 answers
The decision to replace a supplier is influenced by various factors. These include the costs and capabilities of potential suppliers, the presence of switching costs, the impact of interpersonal relationships between buyers and suppliers, and the competitive dynamics between rival suppliers. Additionally, considerations such as consumer value, tactical aspects, pricing, and distribution channel requirements play a role in supplier selection. Moreover, in situations where a substance within a product is identified as potentially hazardous, the threat of future regulation can drive firms to develop and implement replacement substances to mitigate risks and align with evolving environmental standards. Overall, a combination of economic, relational, competitive, and regulatory factors influences the decision-making process when considering replacing a supplier.
How to use B2B models in e-commerce companies for educational purposes?
5 answers
To effectively utilize B2B models in e-commerce companies for educational purposes, a strategic approach is essential. The prioritization of e-commerce models like C2B, B2C, A2C, A2B, and B2B is crucial, with C2B being identified as the most effective model for academic systems. Implementing B2B e-commerce models can be integral for business management, especially in crisis situations, as they can help prevent bankruptcy and enhance anti-crisis management in enterprises. Additionally, integrating B2B e-commerce modeling as part of E-Business in supply chain activities can significantly improve customer service and strengthen partnerships within the educational sector. Furthermore, focusing on business model innovation and value creation approaches can address challenges and create long-term revenue in B2B e-commerce, particularly for educational institutions. By leveraging these insights, e-commerce companies can optimize B2B models for educational purposes effectively.
Why should executives be concerned about the supply chain management?
5 answers
Executives should be concerned about supply chain management due to its critical impact on organizational performance, competitive advantage, and strategic success. Effective supply chain management involves planning, controlling, and executing the flow of goods efficiently from raw materials to end customers, enhancing value and providing a competitive edge. Executives play a pivotal role in developing supply chain talent, driving competitive advantage through SC competencies, and addressing talent shortages to ensure future-proof capabilities. Collaborative alliances with supply chain partners are essential for continuous innovation and market-winning capabilities, emphasizing the importance of looking outward to channel partners for success. CEOs who prioritize supply chain management enhance competitive advantage and avoid costly pitfalls, benefiting the firm, suppliers, partners, and customers.
What are the current priorities and objectives of the UAE's national education agenda?
5 answers
The UAE's national education agenda prioritizes enhancing math learning outcomes, fostering Open Access (OA) in research, and achieving top PISA rankings. Initiatives include leveraging predictive factors for math learning, exploring HEIs' role in OA uptake, and focusing on PISA performance as a key policy goal. The government invests significantly in education, aiming to provide free education at all levels and increase enrollment rates. Furthermore, the UAE emphasizes empowering women in research, promoting interdisciplinary collaboration, and supporting female researchers through various programs and initiatives. These efforts align with the broader goal of building a highly skilled human capital, fostering innovation, and ensuring sustainable development in the UAE's education sector.
Year 2014 How does the coffee shop industry contribute to the environmental impact in the Philippines?
5 answers
The coffee shop industry in the Philippines contributes to environmental impact in various ways. Research indicates that some coffee shop owners predominantly use traditional petroleum-based disposable cups due to cost, availability, and performance issues, rather than opting for biodegradable options, thus adding to landfill waste and environmental harm. Additionally, studies on coffee supply chains in Benguet and La Trinidad highlight complex networks with issues like inadequate road infrastructure and the need for quality planting materials, impacting sustainability and environmental practices in the coffee industry. Furthermore, the understanding and application of green accounting methods in coffee shops vary, with some establishments taking steps to reduce negative environmental impacts, while others lag behind in environmental accountability and sustainability efforts.
How to create Fomo?
5 answers
To create Fear of Missing Out (FoMO), one can utilize strategies that enhance individuals' awareness of virtual environments, such as constant updates and monitoring through mobile devices on social networks. Additionally, fostering a sense of social exclusion or anxieties about personal achievements can contribute to the development of FoMO. Incorporating elements of intimacy and detachment in artistic expressions like literature, dance, and cinematographic theatre can also cultivate a sense of FoMO, as seen in William Forsythe's choreographic work Kammer/Kammer. Furthermore, leveraging social media dependency and the fear of missing trends can be used as a sales strategy to induce quick purchases, as observed in the context of consumer behavior towards cassava-based products in Indonesia. By combining these approaches, one can effectively create and capitalize on the Fear of Missing Out phenomenon.
What pricing strategies should be implemented to ensure fair returns for the farmers?
5 answers
To ensure fair returns for farmers, implementing fair pricing strategies is crucial. Studies highlight various approaches, such as setting fair prices that reflect justice for both farmers and traders, utilizing product management strategies like fair pricing to benefit small-scale farmers, and optimizing discriminatory pricing based on product characteristics or production methods. Additionally, considering the pricing strategy's impact on income distribution and overall profit in the agricultural supply chain is essential. By incorporating these strategies, including just pricing, effective product management, and optimized discriminatory pricing, farmers can enhance their prosperity, achieve fair returns, and contribute to sustainable agricultural practices.
How to do research limitation and future research?
5 answers
To address research limitations and future research directions, researchers must first identify gaps in existing literature and acknowledge the constraints of their own studies. Understanding these limitations can pave the way for future investigations and provide a roadmap for further research endeavors. By analyzing the shortcomings of current research and proposing avenues for future exploration, scholars can contribute significantly to their respective fields. It is crucial to not only highlight the existing gaps but also to suggest potential areas for future research integration, such as exploring changing globalization factors, market trends, and brand dynamics. By systematically addressing limitations and proposing future research directions, researchers can enhance the depth and breadth of knowledge in their areas of study.
What are the environmental benefits of using improvised solar panels compared to traditional ones?
5 answers
Improvised solar panels, such as those made from repurposed materials like discarded calculators or utilizing heat-dissipating fins, offer significant environmental benefits compared to traditional solar panels. These improvised panels help in reducing electronic waste, contributing to environmental sustainability. Additionally, the use of repurposed materials in cooling PV panels enhances efficiency and decreases the ecological impact of waste disposal. Furthermore, traditional solar panels made from photovoltaic modules aid in reducing greenhouse gases, leading to a decrease in harmful emissions and a shift towards cleaner energy sources. Overall, both improvised and traditional solar panels play a crucial role in mitigating environmental issues associated with conventional energy sources, offering cleaner and more sustainable alternatives.