Offshoring Ethic Paper Management Research Essay Paper

Offshoring Ethic Paper
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Offshoring Ethic Paper
Different organizations around the world have started acknowledging the importance and relevance of offshoring. Many investors around the globe opt to offshore so that they can meet the market needs and the multinational corporation. The products and services offered by the company are directed to the right group of people hence promoting customer satisfaction. Offshoring in the US will lower the business costs and prices for the business. This will increase the ability for the businesses to expand and provide new job opportunities for the people. Also, the additional income created by foreign investments and the demand for the US goods will serve as a benefit to the exporters of America, which will increase the jobs available and create higher wages for the US economy.
Offshoring comes with its share of advantages. For one, offshoring helps in saving operational costs. Companies that are labor intensive benefit a lot. A company that needs profits boosts in a competitive market can conduct offshore the business operations and reduce the labor expenses. Another advantage of offshoring is that risks are managed. Some locations have been designed to serve the risks associated with offshoring. Managing risk: Offshore locations that have been well-planned serve to reduce associative risks with offshoring (Hummels, Munch, & Xiang, 2018). This is true in case of outsourcing the offshored processes as the companies would be a specialist in this field. An example of a company that has benefited from offshoring is the Ford Motor Company (FMC). FMC is a renowned automobile company in the US. After investing in Indi...