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Offshoring is the relocation of a business process from one country to another—typically an operational process, such as manufacturing, or supporting processes, such as accounting. Usually this refers to a company business, although state governments may also employ offshoring. [1]
The collusion of government officials and entrepreneurs [1] (simplified Chinese: 官商勾结; traditional Chinese: 官商勾結), or government–commercial corruption, [2] official-business collusion, [3] most generally translated as government-business collusion, [4] is a term with a negative connotation [5] that generally refers to the government or individual officials who show favoritism ...
If the offshore workplace is a foreign subsidiary, owned by the company, then the offshore operation is a § captive, [215] sometimes referred to as in-house offshore. [216] Offshore outsourcing – combines outsourcing and offshoring; is the practice of hiring an external organization that is in another country to perform a business function ...
Such fluidity can make it difficult for companies or countries to make long-term decisions, such as friendshoring, based on these designations. [ 9 ] Some argue that moving business out of a non-allied country due to a lack of shared values doesn't necessarily always reap the benefits of risk mitigation, supply chain resiliency, and/or reliability.
Transnational companies exploit the local land and resources of the families belonging to these tribes for their businesses. [13] An example of this occurring is large palm oil companies receiving land to develop from the government that is occupied by the indigenous tribes. [14] This has led to massive deforestation and a silent human rights ...
Offshoring as a service (OaaS) is a business model in which the offshore office is not owned by the entity itself, instead it is outsourced to a vendor. The concept of offshoring is not new; however, in the past, some companies have tried to open their own offshore offices.
Britain’s economy is almost flatlining, having grown just 0.1 per cent in November following two months of shrinking. While most sectors of the economy grew, such as construction and services ...
Most scholars have argued that offshoring is primarily driven by opportunities to reduce labor costs and by labor arbitrage effects. [5] While the ORN surveys confirm the importance of costs, they also reveal that companies use offshoring as a means to access talent pools outside their home countries, in particular for higher-skilled work.