B Com Exam > B Com Videos > International Business > Outsourcing and its potentials for India - Developments and issues in international business
Outsourcing and its potentials for India - Developments and issues in international business Video Lecture | International Business - B Com
|
33 videos|27 docs|9 tests
|
FAQs on Outsourcing and its potentials for India - Developments and issues in international business Video Lecture - International Business - B Com
| 1. What is outsourcing and how does it relate to India? |  |
Ans. Outsourcing refers to the practice of contracting a business process or service to a third-party company. In the context of India, outsourcing has become particularly significant as the country has emerged as a major hub for IT and business process outsourcing (BPO) services. Many multinational companies choose to outsource their operations to India due to its skilled workforce, cost-effectiveness, and favorable business environment.
| 2. What are the potential benefits of outsourcing for India? | |
Ans. Outsourcing has brought several benefits to India's economy. Firstly, it has created employment opportunities for millions of people, particularly in the IT and BPO sectors. It has also helped in the transfer of technology and knowledge, as Indian professionals get exposure to global best practices. Additionally, outsourcing has boosted foreign direct investment (FDI) inflows into the country and contributed to its economic growth.
| 3. What are some of the developments in international business related to outsourcing in India? | |
Ans. Over the years, there have been various developments in international business related to outsourcing in India. One significant development is the expansion of outsourcing beyond IT and BPO services to include sectors like healthcare, finance, and engineering. Additionally, there has been a shift from traditional outsourcing models to more collaborative partnerships, where companies work closely with their outsourcing partners to achieve mutual goals.
| 4. What are some issues or challenges faced in international business outsourcing to India? | |
Ans. While outsourcing has brought many advantages, there are also some challenges associated with international business outsourcing to India. One major issue is the risk of data security and privacy breaches, as companies need to share sensitive information with their outsourcing partners. Additionally, there can be cultural and language barriers that need to be overcome for effective communication and collaboration. Lastly, there is always a concern about the potential loss of domestic jobs in the outsourcing destination.
| 5. How can India further leverage outsourcing to boost its economy? | |
Ans. To further leverage outsourcing for economic growth, India can focus on developing niche capabilities and expertise in emerging technologies. By investing in research and development, India can position itself as a preferred outsourcing destination for cutting-edge services. Additionally, the government can provide a conducive policy environment and infrastructure to attract more foreign companies to outsource their operations to India. This will not only create more jobs but also lead to technological advancements and innovation in the country.
Related Exams
About this Video
|
4.93/5 Rating |
|
Nov 16, 2024 Last updated |
Video Description: Outsourcing and its potentials for India - Developments and issues in international business for B Com 2024 is part of International Business preparation.
The notes and questions for Outsourcing and its potentials for India - Developments and issues in international business have been prepared according to the B Com exam syllabus.
Information about Outsourcing and its potentials for India - Developments and issues in international business covers all important topics for B Com 2024 Exam.
Find important definitions, questions, notes, meanings, examples, exercises and tests below for Outsourcing and its potentials for India - Developments and issues in international business.
Introduction of Outsourcing and its potentials for India - Developments and issues in international business in English is available as part of our International Business for B Com & Outsourcing and its potentials for India - Developments and issues in international business in
Hindi for International Business course. Download more important topics related with notes, lectures and mock test series for
B Com Exam by signing up for free.
Description
Video Lecture & Questions for Outsourcing and its potentials for India - Developments and issues in international business Video Lecture | International Business - B Com - B Com full syllabus preparation | Free video for B Com exam to prepare for International Business.
Information about Outsourcing and its potentials for India - Developments and issues in international business
Here you can find the meaning of Outsourcing and its potentials for India - Developments and issues in international business defined & explained in the simplest way possible.
Besides explaining types of Outsourcing and its potentials for India - Developments and issues in international business theory, EduRev gives you an ample number of questions to practice Outsourcing and its potentials for India - Developments and issues in international business tests,
examples and also practice B Com tests.
|
33 videos|27 docs|9 tests
|
|
Explore Courses for B Com exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
Viva Questions
,Extra Questions
,Free
,ppt
,Outsourcing and its potentials for India - Developments and issues in international business Video Lecture | International Business - B Com
,past year papers
,Exam
,Previous Year Questions with Solutions
,Semester Notes
,study material
,Outsourcing and its potentials for India - Developments and issues in international business Video Lecture | International Business - B Com
,MCQs
,Summary
,mock tests for examination
,practice quizzes
,shortcuts and tricks
,video lectures
,Sample Paper
,Objective type Questions
,Outsourcing and its potentials for India - Developments and issues in international business Video Lecture | International Business - B Com
,Important questions
;
Study Outsourcing and its potentials for India - Developments and issues in international business on the App
Students of B Com can study Outsourcing and its potentials for India - Developments and issues in international business alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Outsourcing and its potentials for India - Developments and issues in international business,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of Outsourcing and its potentials for India - Developments and issues in international business is prepared as per the latest B Com syllabus.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup