A World Of Work
This is the first 1,000 characters of 545 words (2.18 pages) in the essay titled A World Of Work
|A world of work
A WORLD OF WORK
Outsourcing means that companies hand work they used to perform in-house to outside firms.
v bring down costs è lift profits and boost growth
Due to the advance in technology products have become more complex which made 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. car industry)
v drain of jobs,
v higher organisational costs è overview,
Some years ago this phenomenon used to be hailed as a wonder of the new economy.
Nowadays 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)
A network between businesses all over the world is established in order to make use of th...
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