Description
Please complete the following:
1) Read this (Links to an external site.)Links to an external site. article related to outsourcing by Toyota and Boeing.Links to an external site.
2) Answer the following questions:
- What is outsourcing?
- When would it make sense based on quantitative factors only for companies like Toyota and Boeing to outsource?
- What are 3 qualitative factors that companies like Toyota and Boeing should consider before outsourcing?
Explanation & Answer
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1.
Outsourcing in the context of the article and video refers to when a company recruits
workers from abroad to take care of a part or all of the work involved in the creation of a product
or service. More generally, it refers to using outside labor to supplement a business process, so it
is possible for domestic companies in the United States to outsource to other domestic companies
as well and not just companies abroad. The reason that most companies outsource to other
companies is because of that other company may be more specialized to handle a certain task,
which drives down costs in comparison to if that company were to complete such a task itself.
These lowered costs form the primary motivation for most companies to outsourc...
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