The Economic Impact of Outsourcing Essay Example | Topics and Well Written Essays - 1500 words

The Economic Impact of Outsourcing - Essay Example There were several reasons this practice gained a following in this time period. What was needed desperately was a way to improve asset management, cash flows and margins. The infrastructure demands for the industry were growing but there was a greater need for the business organizations to cut overheads more drastically if they wanted to survive because the budgets were shrinking at an even faster pace. It was this need for cost cutting that spurred the use of the practice of outsourcing in the industry. Of the numerous other benefits of outsourcing, some of the most prominent ones are reducing operating costs, reducing the effect of obsolete technology, using newer technology as soon as it is available for use and letting specialists handle challenging issues etcetera. The lobby against the practice of outsourcing bases their argument on the fact that when a company outsources it loses quite a bit of control over the firm’s operations and additional cost of services rendered etcetera. But a holistic view of the situation makes it clear that the advantages of outsourcing far outweigh any costs that company will have to incur in the process. One factor that cannot be overlooked-however great the benefits-is that of possible risk, but with some modern day transparency measures in place it is easier to make sure that the firm being outsourced to remains committed to what is expected of them. The third party that is outsourced to has a core competency in the services that the firm wants. They use the quickest, most efficient production methods and the latest technology which enable them to produce in more cost effective methods while still preserving the expected quality of production. And the firm that is outsourcing can invest the money saved more wisely, in more productive ventures. (Haynes, M., 2009). People who are against the practice of outsourcing argue that this is a major cause of layoffs in the first world. However, supporters argue that even tho ugh the costs for the local industry in terms of layoffs cannot be ignored, the benefits gained tend to overpower the adverse impacts. It is basically a question of going for the overall economy’s gain at the personal expense of a small part of the economy’s labor force. Supporters further argue that if outsourcing is banned, it won’t save a lot of people from being laid off; they say that any protection measures of the sort will result in overall economic loss. Regulation will thus cause inefficiency in the economy. Opponents however, stick to their side of the argument. They want to preserve jobs and prevent livelihoods form being destroyed. To objectively analyze the economic benefits of outsourcing, one needs to look beyond the aspect of jobs lost in the local economy and take a more macro view of the situation. Outsourcing lets firms cut costs and improve efficiency all in one go. Supporters expand on this by saying that outsourcing allows companies to acce ss the latest resources and the best capabilities. Outsourcing allows these companies to share the workload and risk of production processes and frees resources for investment purposes that would otherwise be invariably tied up. But that’s not all, outsourcing aids innovative practices by making it possible for firms to invest in research and development, customer service and

Co-sleeping is natural Research Paper Example | Topics and Well Written Essays - 750 words

Co-sleeping is natural - Research Paper Example Therefore co-sleeping is a standard practice in most parts of the world. Co-sleeping involved bed-sharing amongst infants as well and room-sharing is also based on the same tangents (Petr 2004). At times, co-sleeping is linked very closely with the ailments and health issues that children might have and thus it is best for the parents to be close to their young ones. The close proximity that co-sleeping brings with it is something that one can understand within the thick of things. There are different views on co-sleeping with regards to these healthcare professionals. Some suggest that bed-sharing techniques are against ethical standards and must not be taught to the young ones. Its effectiveness is also questioned at times but generally co-sleeping amongst parents and their young ones who are just babies is not discouraged at all (O’Mara 2007). This is a matter of immense debate because co-sleeping brings together the child with his/her parents and gives him/her the safety and security that is derived through co-sleeping. Some of the advantages related with co-sleeping include the fact that mothers get to sleep more through this phenomenon and breastfeeding than any other way. It is very effective in preventing the sudden infant death syndrome (SIDS). Stress hormones are very less in mothers and the babies who are involved in co-sleeping with their mothers balance this stress hormone cortisol where this control plays a vital part in the healthy growth regimes of the baby (Stearns 1996). There is a good amount of research done which suggests that co-sleeping is effective for the babies and their mothers and that there are more regular heart rhythms as well as less long pauses in breathing patterns when compared to the babies who sleep alone (Carskadon 2002). Co-sleeping is effective when parents are more vigilant about their kids. They must know that their