A world of work Essay -- essays research papers

A WORLD OF WORKOutsourcing means that companies hand work they used to perform in-house to outside firms. ADVANTAGESvbring down be lift profits and boost growthvspecialisationDue to the advance in technology products have become more complex which make it difficult for one company to do all the work itself. In order to manage the complexity of these products the astute idea of outsourcing represents an ideal solution (e.g. elevator car industry)DISADVANTAGESvdrain of jobs, vhigher organisational costs overview, Some years ago this phenomenon used to be hailed as a wonder of the new economy. present the opinion is less exuberant. Same forces of globalisation are blamed for relentless export of jobs from rich to poorer countries (depressing proof for the declining competitiveness in engineering skills)GLOBALISATIONA network between businesses all over the world is established in order to make use of the strengths of different technologies and cultures. NEGATIVE ASPECTSvfierce comp etition, vanxiety among people, vpossibilities of expansion for smaller companies are restricted (monopolies)The movement of work abroad agitates worriers in the West and is a cause of concern among the public. world-wide businesswork is farmed out to other companie...