Difference between revisions of "Offshoring"
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According to [[Managerial Accounting by Braun, Tietz (5th edition)]], | According to [[Managerial Accounting by Braun, Tietz (5th edition)]], | ||
:[[Offshoring]]. Having work performed overseas. Offshored work can be performed either by the company itself or by outsourcing the work to another company. | :[[Offshoring]]. Having work performed overseas. Offshored work can be performed either by the company itself or by outsourcing the work to another company. | ||
| + | According to the [[HRBoK Guide]], | ||
| + | :[[Offshoring]]. Relocation of a business process to another country. Transferring service or manufacturing operations to a foreign country where there is a supply of skilled and less costly labor. | ||
| − | [[Category: Strategic Management]][[Category: Articles]][[Category: Accounting]] | + | [[Category: Strategic Management]][[Category: Articles]][[Category: Accounting]][[Category: Management]] |
Latest revision as of 21:22, 20 July 2020
Offshoring is relocating some or all of a firm's manufacturing or other business processes to another country typically to reduce costs.
Definition
According to the Strategic Management by Parnell (4th edition),
- Offshoring. Relocating some or all of a firm's manufacturing or other business processes to another country typically to reduce costs.
According to Managerial Accounting by Braun, Tietz (5th edition),
- Offshoring. Having work performed overseas. Offshored work can be performed either by the company itself or by outsourcing the work to another company.
According to the HRBoK Guide,
- Offshoring. Relocation of a business process to another country. Transferring service or manufacturing operations to a foreign country where there is a supply of skilled and less costly labor.
