Monday, November 3, 2008

Financial Crisis and Outsourcing

Contrary to the thinking that outsourcing has been experiencing major cut-offs because of the financial crisis, there is actually light headed in the outsourcing direction. The cost-cutting can prove to be a good thing as this is exactly what outsourcing advocates. The only part of it that I think would suffer would be the call center industry because it's usually the first to go when cutting business functions. It is, after all, not exactly an income churner.

Small businesses are turning to outsourcing as a means of compensating for their losses with low cost labor. This set-up allows their business to function even with minimum capital. With the number of companies shutting down because of the economic crisis looming over United States, morale is down and the uphill climb is as tough as ever.

Outsourcing has been the subject of controversy for countless debates and arguments on how one should go about his business. Outsourcing is the process of contracting outside companies for the accomplishment of a particular business function. Usually the business function that gets outsourced is one that is considered non-core to the company’s primary functions. However, in the face of economic crisis, businesses are considering transferring more functions aside from customer service in the hands of business process outsourcing and knowledge process outsourcing companies.

And why not? If it will save you a great deal of money and get you through the financial storm, why the heck not? There are a lot of great places to find good, quality outsourcing services. The Philippines is a prime example of a rising country in outsourcing.

8 comments:

painter said...
This comment has been removed by the author.
Sharon said...

what is the best way to contact you Jess? I have something to ask you. Please could you email me back on sharoncolaco@gmail.com

Many thanks
Sharon

Ami said...

Hi,

I just visited your blog at "http://business-as-usual-jess.blogspot.com/2008/11/financial-crisis-and-outsourcing.html" and found an interesting one for link exchange with my BPO related website and blogs. As your blog is relevant with mine so it would beneficial for both of us and in this way we can also increase our backlinks. If you also find it suitable then please let me know at- ami.roberts86(at)gmail.com

Thanks,
Ami Roberts

alok said...

thanks for the great information Quality Medical Transcription and Medical Billing Services

cute-cute said...

I appreciate your efforts for writing a good a article for Readers. Medical Transcription is simply putting it is typing out a recorded voice message of a doctor. These medical records are necessary for communication between health care professionals, to aid and advance the science of medicine and to comply with laws and serve in support of an insurance claim.For Doing it Medical Transcription Training is necessary their are many softwares and Hardware is required one of Them is Medical Transcription Foot Pedal , Amplifiers , Head Phones... For jobs their is very Less Websites Such as MT Jobs.in . After Sending Resume to Website They call back to the person and tell about Opening in MT Companies. Their are Many Medical Transcription Companies & Transcription Training Institutes Who Provide this Training.Their is a List of fraud companies who do scam in Outsourcing Industry. For Working heath care Most Important thing to understand is about hipaa medical transcription. One thing which is always in Demand By Doctors is dictation server or also known as Toll Free Number by this Doctors can Dictate their Dictation by Phone Or Mobile.

Viola said...

Very interesting blog related to medical transcription, get more information as I got from Medical Transcription Company. Medical transcription companies keep specially trained transcribers to provide transcription services to a number of specialties

Affordable Medical Coding and Billing Training said...

Very nice information. Also see the options for ICD10 career.

ICD10 Certification

icd10 training

icd10 online training

Danielle said...

I totally agree with you. Philippines nowadays has been really excelling in the field of Service Outsourcing. I've heard some humors that Philippines would probably be the top country in terms of giving Outsourcing Services.

Danielle

Order taking services