OFFSHORE OUTSOURCING
The driver in the offshore outsourcing area has been the growth of broadband internet. The same interactions that usually take place between computers within the single location office network can now be painlesly extended to any part of the globe.
While offshore (or rather global) outsourcing was a trickle till two years ago it has now become mainstream. Part of the reason may be because of a certain amount of negative publicity. But it is now quite clear that outsourcing is a win-win situation for all parties.
The report from the McKinsey Global Institute “says of the $1.45 - $1.47 of value created globally from every dollar spend a domestic company chooses to divert abroad, the U.S. captures $1.12 - $1.14 while the receiving country captures on average 33 cents. In other words, the U.S. captures 78% of the total value."
See the Mckinsey site for more info
A novel approach to the new churning that is taking place in the global jobs marketplace is that taken by the programmer who outsourced his job to an assistant in India. He reduced his work to 90 minutes a day while retaining $ 55,000 out of his $ 67,000 salary !
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The example above points to the huge opportunities opening up to small service providers who can
now do what the multinational giants have been doing all along.With no capital and little effort they can set up their own
micromultinationals by partnering with others around the world.
