Outsource Industry
Evolution
COWE at April 21, 2011 | 11:52 am | 0 Comment
Outsourcing dates back to the 1960s from where it has grown to different levels from the time-sharing data process model to business process outsourcing (BPO) and then to knowledge process outsourcing (KPO). ). Recently, companies have adopted a business strategy of outsourcing entire business activities, such as technology operations, customer relationship, logistics, more...
Components and Types
COWE at April 21, 2011 | 11:56 am | 0 Comment
Outsourcing essentially implies the transfer of non-core services to third parties who specialize in providing such services. It can cover a wide range of components depending upon the core competency as well as the requirements of the outsourcer. Outsourcing may be broadly classified into the following types: Information Technology (IT); Human Resource more...
Advantages and Disadvantages
COWE at April 21, 2011 | 12:06 pm | 0 Comment
The main motive behind business process outsourcing is to allow a company to invest more time, money and human resources in core active items without losing quality and name. Thus, cost advantage followed by increased ability to focus on core competencies is the major driving factor. Other advantages for a firm include: Improved efficiency and operational more...
Challenges and Future Prospects
COWE at April 21, 2011 | 12:12 pm | 0 Comment
India has become one of the most sought after destination for the companies wanting to outsource their business, knowledge, research, legal and related high-end processes. This not only boosts exports, increases national income and creates greater employment avenues, but also increases tax revenues, caters to the growth of other related industries like infrastructure, more...
India and Outsourcing
COWE at April 21, 2011 | 12:20 pm | 0 Comment
India has been a pioneer in providing outsourcing solutions and has been providing a range of outsourcing services to countries across the globe. Combined revenue of the IT and IT Enabled Services (ITES) that includes Business Process Outsourcing (BPO) was USD 52 billion in the year 2007-08. Inspite of severe financial and banking crisis affecting the world's economic more...
Suggestions and Opinions
COWE at April 21, 2011 | 12:22 pm | 0 Comment
Since its evolution, India's outsourcing industry has been facing many challenges and restrictions, which affects the growth of BPO companies and their employees. In order to meet international quality standards, it is exhibiting new business models from time to time as well as spending more efforts and funds in training of its employees. The Indian BPO industry is more...
Opportunities
COWE at April 26, 2011 | 6:39 am | 0 Comment
Outsourcing industry is the sunrise industry in India, which plays a vital role in the sustained growth of the economy. It is, roughly, growing at the rate of 60-70 per cent per annum. This industry is estimated to be worth about $52 billion. Its main driving forces being the Business Process Outsourcing (BPO) and Knowledge Process Outsourcing (KPO). Information more...
Governing Framework
COWE at April 26, 2011 | 6:44 am | 0 Comment
Several measures and initiatives are being undertaken by both the Central and State Governments, with a view to establish strong and stable outsourcing industry in India. Owing to advantages that India has with respect to the growth of this industry, many policies and schemes have been launched from time to time. Besides, many big corporates are also making all efforts to more...
Current Trends
COWE at April 26, 2011 | 6:47 am | 0 Comment
India has been a pioneer in providing outsourcing solutions and has been providing a range of outsourcing services to countries across the globe. Combined revenue of the IT and IT Enabled Services (ITES) that includes Business Process Outsourcing (BPO) was USD 52 billion in the year 2007-08. Business process outsourcing (BPO) is a broad term referring to outsourcing in more...
Effects on Indian Economy
COWE at April 26, 2011 | 6:49 am | 0 Comment
Software and BPO industry in India has provided a major boost to the country's economy. It provides employment to millions of Indians. BPO industry in India is worth $11 billion. During 2007-08, Indian information technology industry experienced a slow down and revenue growth rate has been brought down to 21 percent from previous year figure of 41 percent. But it's still more...