Using examples‚ discuss the potential advantages and disadvantages of offshore outsourcing for A) western companies‚ B) emerging market companies C) the workforce of western countries D) the workforce of emerging market countries. Offshore outsourcing is defined as “Geographical relocation of specific business functions abroad ... to be performed by contractually outsourced independent party” (Prasad and Prasad 2007 cited in Javalgi et al. 2009‚p.157). INTRODUCTION Context: Western companies:
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Talents of Jack Welch Jack Welch was a successful Chief Executive Officer (CEO) of General Electric Co. (GE) for twenty years (1981 – 2001). He was admired and feared for the “new vision” that was implemented at GE. Jacks talented strategies were based on how he saw the hierarchy layers of management‚ how he analyzed the 42 strategic business units‚ and how he implemented the culture of GE to have the feel and the passion that he had been striving for. These strategies received a lot of positive
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What’s Portfolio Analysis? It’s basically a product portfolio in which we rank our product or we can say that where our products are stands in the market. We’ve three Matrices under this tab. 1. BCG Matrix (Boston Contingency Group) 2. GE Matrix (General Electric) 3. Product/Market Growth Matrix BCG Matrix It is what how we maintain or analyze our product. Here’s the matrix. BCG Matrix Explanation If the industry is growing and your share is low‚ you’requestion mark (?).
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this and works to keep its employees as a major part of the company’s decisions. It was best stated by the company’s CEO Jeff Immelt back in 2005‚ “At the top‚ we don’t run GE like a big company. We run it like a big partnership‚ where every leader can make a contribution not just to their job‚ but to the entire Company” (GE‚ 2005). The company learned to listen to its leaders on all levels which keep the company connected to the daily needs of the employees and its customers. General Electric
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the subsequent freezing of purchase decisions in the U.S have brought home to the Indian information technology service (ITS) companies the recklessness of depending almost entirely on that one market. India’s top five ITS companies – TCS‚ Infosys‚ Wipro‚ Satyam and HCL Tech – collectively lost over Rs 2‚50‚000 crore in market value in 2007-2008. Operating profits were also down‚ with margins for the companies decreasing by 6 to 15 percent this year. The banking‚ financial services and insurance (BFSI)
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Welch received his Master of Science and Ph.D. degree from the University of Illinois in 1960. After completing his years of education‚ Welch was hired by General Electric Corporation (GE) as a chemical engineer for the Plastics department. Promotions followed rapidly and at the age of 45‚ in April 1981‚ he became CEO of GE‚ one of the world’s leading diversified industrial companies. Even though‚ the U.S. economy was in a recession during that time and unemployment rates were very high‚ Welch found the
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The Untold story behind Tech Mahindra’s Satyam Acquisition Now that’s a very powerful title for an article coming as it does from an ex Tech Mahindra staffer who spent close to 13 years at the company and who had a front row seat‚ if not the ringside view. However‚ let me state here that this is not an official version nor have I been encouraged by any of Tech M’s management team to write this piece. This story has been put together through my personal observations‚ side line conversations
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Six sigma and Total Quality Management 1 1 X Six sigma and Total Quality Management Department of Industrial and Systems Engineering Chung Yuan Christian University Taiwan‚ R.O.C. 1. The practices and implementation of Six Sigma In the past two decades‚ Six Sigma methodology has been widely adopted by industries and non-profit organizations throughout the world. In this section‚ we demonstrate the development of Six Sigma program‚ and discuss the features and the five steps of the improvements
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GE-M C K INSEY M ATRIX MS-Excel & MS-Word Templates User Guide The GE/McKinsey Matrix is a nine-cell (3 by 3) matrix used to perform business portfolio analysis as a step in the strategic planning process. The template allows the user to generate the matrix using MS-Excel. The MSWord template allows the user to tabulate and present the results of portfolio analysis in a Word document. www.business-tools-templates.com 11/1/2009 Page |1 11/1/2009 GE-MCKINSEY MATRIX MS-Excel & MS-Word
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50 competitors IATA Code: SA Net work : long+short ( domestic+international) (cargo‚ passenger Premium econ + econ Low cost service level( provide food for sale) Capital: 217645714.75 Type of aircrafts: airbus (reduce pilot training cost) with GE engine: A300-600GE( reduce the maintaining cost) A300-600RGE A310-300GE
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