ECN 212 Essay Example | Topics and Well Written Essays - 750 words

ECN 212 - Essay Example Outsourcing transfers jobs and/or assets to an external third party, foreign or domestic.† (Burton, 2013 p. 37). For example, a company may outsource a certain department which would be more expensive for them to set up than to outsource to a third party located outside of the United States. The most common example for this is the customer service department of credit card companies where calls are instead routed to a third party outsourced by the company. We can cite Capital One outsourcing its customer service department to companies like Accenture which already has the learning curve and capability to perform this function. This saves the company time, resources and effort of setting up its own call center and instead rely on the value of service delivery provided by its outsource partner. Outsourcing however is not only confined to customer service. It is also pervasive in the manufacturing sector which is evident in China whereby many products sold in the US are manufactur ed in China. This phenomenon is due to the availability of low wage workers in China not to mention its relatively relaxed labor laws. In addition, China has almost an â€Å"unlimited availability of resources, significant labor cost reductions, fewer government regulations, lower taxes and huge profits† (Burton, 2013 p. 34) which explains why there is an exodus of manufacturing plant to China. This kind of business set up allows companies to focus on their core businesses without being distracted by an operation that can be done better by an outsource company. In sum, the company benefits â€Å"velocity improvement, quality improvement, cost reduction, resource and logistics optimization, eliminating waste, reducing global supply chain complexity and risk, and improving the overall customer experience† (Burton, 2013 p. 34). While there are a myriad benefits in outsourcing, cost plays a major factor among companies to outsource jobs outside of US. The reduction in cost is so significant that companies will even tolerate a slight deviation from the ideal standard of service delivery. For example, in the call centers outsourced to Philippines and India, the job requires utmost proficiency in the English language since the work requires direct interaction with the respective company’s customers who are located in the US. Since most of the agents are not native speakers, it is understandable that there is a gap among non-native speakers in their communication skills. This deficiency however is offset by the savings in cost (Lockwood, 2012). Outsourcing has an effect on wages. It will invariably pull down the wages in the home country because workers will have to compete with their counterparts in the outsourced countries who could do or almost do the same job at a significantly lower cost. The law of supply and demand states that price of wages will generally fall down if there is a competition that could provide the same work at a lower cost. On the other hand, the reverse will happen in the outsourced country in terms of wages. Wages in outsourced countries are generally so low that even if they are contracted at a price considered as low in the contracting countries, the wages given are still considered to be high. As such, it will have a pull effect of increasing wages in outsourcing industry. In the long run, higher wages will mean

Final two pages Assignment Example | Topics and Well Written Essays - 500 words

Final two pages - Assignment Example Composition entailed the application of the visual elements to produce a frame that is consistent with the entire continuity. The story is about a student who attends a school in which he has to sit for the entry examinations. He failed the first exam, which forced him to create a pill that shall assist in mutation and the development of a photographic memory. This would allow the student to memorize the contents of the entire book in order to correctly answer the examination questions. As a result, the student manages to attain an A grade in the examination, leading to his admission in the school. The film further expounds on the concept and applications of mutation in academics and other fields. This exposes the negative aspects of mutations in the real world that people use in their fields. The materials and methods I used to create the visuals and narrative involved lighting, characters, tables, pictures and figures. It was appropriate to use the images in order to make the audience become interactive with the topic. The sub-titles were used to guide the audience and emphasized on the illustration of plot development. It is apparent that the materials enable the audience to relate to the topic for easy understanding of the different terms. For instance, the pictures had to be accurate for the message to be easily conveyed without causing confusions. The mutation topic requires the real usage of concepts since it is a biological process that people experience. The message of the film is that mutation is the solution of evolution. This implies that if it can be controlled, then a better human race can be developed. Mutation has enabled the production of things that people use for various purposes and this needs control. This message of the film is significant in order to educate people on how mutation contributes to evolution. The process and viewing of the film informed my understanding of cell biology since it deepened my