With the rapid success in the field of information and technology and drastic changes in the philosophy of doing business of different nations of the world have changed the whole scenario of the international business. Adaptability of the internet and Innovations in the IT sector have made the world a single platform for the business and given birth to new form of international business called offshore outsourcing.
Using the web and it’s latest technologies for the business and social interaction between companies as well as common people lead to flow of the cross boundary interactions, changing growth strategies, introduction of social media are few reasons for the success of information & technology. In the recent years these factors have initiated the small & medium as well as large companies of developed nations to outsource their work to the developing nations and gradually various trends of outsourcing the work comes forward like: Multi sourcing or Globalization, Mergers and acquisitions, Person to person (P to P), Green IT and virtual world.
Big companies of the world have started outsourcing their work to more than one country and in this run India is big hub with knowledge base community and next is China. There are other nations which are emerging for rendering services such as Russia & Ukraine from Eastern Europe, so multi sourcing is the new trend in the global business environment. MNCs of the world are acquiring the small level companies, Person to person (P to P) consist of entrepreneurs to individuals in form of online tutorials, Editorial and Writing Services, IT services, sales & marketing services, etc. Big players of the business world have started situating their offices in the different parts of the world for expansion of business and which helps in performing direct meetings and dealings between companies.
Green IT is the latest concept for the protection of the environment, which makes the companies to change the demands from their suppliers.
The outsourcing concept helps in reducing cost of production and enhancing quality of the production. Outsourcing of web related jobs from big companies as well as medium sized companies has increased in recent years and there are thousands of offshore web development companies providing customized services. The most popular web services are website design & development, eCommerce solutions, software development, etc.
Hence, Offshore Outsourcing Trends are creating new avenues of success for the global business environment.
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