What Future Emerging Outsourcing Countries Should Companies Evaluate for Expansion?

Abstract

[Excerpt] With the rise of globalization and rapid advancements in technology, companies have looked at alternative measures such as outsourcing to keep capital and labor costs low, increase efficiency, improve revenue and profitability, gain competitive business advantages, focus on core business and reduce risks. Also, outsourcing can help companies tap into unexplored territories and talents that the increasingly globalized workforce has to offer. The role of human resources professionals is to decide what and how to source, and manage supplier coordination and development. In this research paper, these questions will be answered: 1) how to make outsourcing decisions, 2) how to manage outsourcing decisions, and 3) what are the potential markets.