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Building Strategic Partnerships: Benefits and Risks

“Creating a better world requires teamwork, partnerships, and collaboration, as we need an entire army of companies to work together to build a better world within the next few decades” – Simon Mainwaring, Branding Consultant, Advertising Creative Director, and Social Media Specialist

Every organization has diverse set of qualities. They have certain agenda, priorities, values and resources.  The basic idea of […]

By |June 1st, 2017|Tags: , , , |0 Comments

Artificial Intelligence – Will it Affect or Improve Jobs?

It might sound like something out of a science fiction novel, but a world full of Artificial Intelligence (AI) and robots is not right around the corner, it’s here. In many industries, it is an everyday reality. The pace of AI development is astounding. Google project robots will reach levels of human intelligence by 2029, and Information Technology (IT) research […]

By |April 27th, 2017|Tags: , , |0 Comments

Approach toward performing ‘Analysis’

‘Analysis’ – the word is pretty self-explanatory and reminds me of the interaction I had with one of my professors at school back in 1998.

We were in a deep conversation in regards to the efforts and transformation that a progressive economy puts in to be transformed into a better and a strong economy.  The reason he referred this to be […]

By |April 20th, 2017|Tags: , , , |0 Comments

Coping with the Hidden Costs of Outsourcing

Recurring hidden costs pose one of the greatest challenges of risk management when it comes to outsourcing of services. Outsourcing (offshore and nearshore) is known to save, in some instances, up to 80% of costs; however, this is seldom the case. There are six key hidden costs when it comes to outsourcing. The knowledge of these costs will assist in […]

By |April 13th, 2017|Tags: , , |0 Comments

The Stench of Corruption: Is there a way to stop it?

Over the years, corruption has become a rising menace that its effect is rampant throughout our society. Recently, this issue created headlines across several countries such as India, Mexico, and China who have been struggling to combat corruption. Charles Caleb Colton once said: “Corruption is like a ball of snow, once it is set rolling, it must increase.” It is […]

By |April 6th, 2017|Tags: , , , , |0 Comments

Outsourcing Challenges for Indian Banking Sector

“If you deprive yourself of outsourcing and your competitors do not, you’re putting yourself out of business.”- Lee Kuan Yew, Former Prime Minister of Singapore

Outsourcing has become an extremely popular business formula in the highly competitive world, over the past decade. It is a business strategy, through which an organization contracts out key tasks to service providers, for achieving a business […]

By |March 23rd, 2017|Tags: , , , |0 Comments

China Eying Highly Skilled Indian Engineers

President Trump has started to deliver on his campaign promises within the first month of his presidency. Case in point would the review of H1B visa policy. There have been speculations that the minimum salary for H1B jobs would be raised to $100,000 per annum. If a bill like this gets passed, the number of H1B visa holders who would […]

By |March 16th, 2017|Tags: , , , , |0 Comments

Cross Cultural Risks in Globalization – II (Solutions)

Current Scenario:

Despite the differences and difficulties, in the current global scenario, it is extremely tough to not outsource or offshore. Firstly, in outsourcing, there is a comparative advantage – the ability to manage services at a lower opportunity cost. Clients can divert their pool of resources, both human and financial, to processes that add more value to the client. Also, […]

Cross Cultural Risks in Globalization – I (Problem)

Introduction:

In today’s world, where companies’ competitiveness lies majorly in sourcing, cross culture is becoming increasingly relevant. According to Charles Gay and James Essinger in their book, “Managing Strategic Sourcing”, if you are flying on a BA aircraft, you are probably actually not flying on it. The plane has the BA livery, the crew wear the BA uniforms and the cabin […]

Bankruptcy in Outsourcing – An Overview of Avaya’s Chapter 11 Filing

The likelihood of a bankruptcy is a legal risk that affects customers, service providers, employees, and supply chains including subcontractors and indirect customers. Bankruptcy rules have special clauses in outsourcing as it does not involve the sale of goods by a vendor.

With the bankruptcy filing of telecommunications company Avaya on January 19, 2017, the company will restructure its debt under […]