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junayag

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Re: Outsourcing - A New Business Trend
« Reply #20 on: August 31, 2007, 03:24:20 AM »


unsa diay imo ipasabot gervistill? didn't get u.... sorry....

junayag

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« Reply #21 on: September 08, 2007, 12:49:40 AM »


there are a lot of misconceptions about outsourcing nga mawad-an kuno ug trabaho ang mga tawo where in fact daghan tawo ang matabangan kay paspas man ang turn-over sa services...

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« Reply #22 on: September 08, 2007, 02:03:57 PM »
The Philippines' Awesome Outsourcing Opportunity
 
The islands share a language and legal system with the U.S., and offer high skills and low costs. They could outrun India for outsourcing dollars

India's dramatic economic rise this decade, powered by its role as the back office of the world, has developing countries from Argentina to Vietnam scrambling for a piece of the action. With good reason: Researcher Gartner estimates offshore infotech and business-process outsourcing amounted to $34 billion globally in 2005 and could double by 2007.

And the race is on in Eastern Europe, Latin America, China, and Southeast Asia to land jobs and economic growth by answering customer phone calls, managing far-flung computer networks, processing invoices, and writing custom software for multinationals from all over the world.

Though India continues to have a lock on most of this global business, that is starting to change. Even Indian outsourcing powerhouse Infosys (INFY) has started increasing staff in China and the Czech Republic this year, is exploring Latin America, and likely will eventually set up a base in Southeast Asia.

GOLDEN OPPORTUNITY. "Some of the countries like Philippines and Malaysia have done fairly well to leverage their unique skills and carved niches for themselves," said Infosys Chief Executive Officer Nandan M. Nilekani,in Singapore recently attending an International Monetary Fund and World Bank meeting.

Could all of this be a golden opportunity for the Philippines, long regarded as the economic laggard in Asia? This vast archipelago is starting to gain some traction on the outsourcing front. Chennai (India)-based OfficeTiger now has over a hundred people working in Manila on legal outsourcing for clients such as Dupont and expects to have nearly 1,500 by the end of 2007 (see BusinessWeek.com, 9/18/06, "Let's Offshore The Lawyers").

The Philippines raked in offshore service generating revenues of $2.1 billion last year, placing third behind India and China and slightly ahead of Malaysia. That's up 62% over the $1.3 billion it gained in 2004, and a huge increase from the start of the decade when the outsourcing industry in Manila employed just 2,400 people and the industry had revenues of merely $24 million.

LANGUAGE ADVANTAGE. The outsourcing sector currently employs over 200,000 people. That is still way behind India's 750,000, but Manila is catching up fast. The Business Processing Association of Philippines estimates the industry will chalk up 57% growth this year with total revenues of $3.3 billion and is on track to deliver nearly 48% growth in 2007 to $4.9 billion. "Business process outsourcing [BPO] is one of the fastest growing segments of our economy and a key plank of President Gloria Macapagal Arroyo's strategy to put strong growth drivers in place," says Philippine Cabinet Secretary L. Ricardo Saludo.

Consultancy A.T. Kearney, in its recent ranking of the most desirable global services locations which are competitive for business process outsourcing, ranked the Philippines fourth in the world behind India, China, and Malaysia—a huge change from being outside the top 10 three years ago. Philippines gets high marks for its large, educated talent pool and English language skills, though it lags some of the other locations in infrastructure.

Economists and analysts are startled by the Philippines' runaway growth in the sector. "The pace of development of the BPO [sector] in the Philippines has been impressive," says a recent report by U.S. investment bank Goldman Sachs. "Three years ago there was a question mark whether Philippines could develop some [outsourcing] momentum. Now it's a $3 billion industry."

WHITE COLLAR FORCE. Goldman's report also notes the outsourcing industry has begun to expand beyond the capital Manila into university towns such as Baguio as well as Clark (the former U.S. military base), Cebu, Dumaguete, and Davao. "It is clear that Philippines is now very much on the global map for outsourcing," the Goldman report said.

The recent growth spurt in the outsourcing industry in the Philippines has been fueled not by traditional low-value-added call centers but more higher-end outsourcing such as legal services, Web design, medical transcription, software development, animation, and shared services. Though call centers still form the largest part of the sector, the Philippines has begun leveraging its creative design talent pool, its large pool of lawyers, and its professionals in accounting and finance.

"Philippines as a country offers us a unique talent pool for outsourcing services in legal as well as design services," says Joseph Sigelman, co-president of India-based OfficeTiger, which was acquired by U.S. printing services giant R.R. Donnelley in April. The company chose the Philippines as the springboard for its legal services outsourcing and expects to make Manila the main center for "pre-media" outsourcing work, including desktop publishing, composition, typesetting, and graphic design.

FAMILIAR WITH U.S. Legal services were a natural extension of the outsourcing work the firm has been doing from its base in Chennai for years. "As an ex-American colony, there is cultural affinity and the legal system is based on U.S. law," says Sigelman, a native of New York. "In Manila, every lawyer seems to know what Roe vs. Wade was about. In Chennai, they may have some of the finest legal brains in the world but not everyone has heard about Roe vs. Wade or other key cases in U.S. Supreme Court." Most Filipino lawyers sit for U.S. bar exams and that gives Manila a leg-up over India, China, or Malaysia.

Design work is another place where Filipinos have and edge, according to Sigelman. He says he has found incredible depth of design talent in Manila; the kind of talent that is hard to come by in Bangalore, Hyderabad, or Chennai.

OfficeTiger's clients include large insurance companies, retailers, and publishers of books and directories. OfficeTiger is looking at Philippines operations to provide 40% to 50% of its total annual revenue growth over the next three to five years.

TALENT POACHING. Another factor working in the Philippines' favor is cost. In India, wage costs in outsourcing have risen 15% per annum over the past two years. This rise has outsourcing firms and clients looking for alternatives. With that in mind, the risk for the Philippines is that its relatively low office-rental and labor costs could also start to rise dramatically.

Already, heavy demand for office space, despite a boom in construction of new buildings, is causing upward pressure on rents. Companies that are expanding say costs are starting to escalate fairly rapidly. There are signs of a tight labor market, too. Excessive poaching of talent that was the norm in India a few years ago is becoming common in Manila as well.

New companies are offering "joining bonuses" to the most talented the day they sign up for the job. Many employees are given bonuses for finding new recruits. "It's inevitable that costs will rise but the Philippines is still a very competitive place for the sort of work we are doing," says Sigelman.

MONEY FOR TRAINING. Cabinet Secretary Saludo says the government is focused on developing human capital through education and training to keep a steady supply of talent for the outsourcing sector. Manila is also beefing up the telecommunications infrastructure, he says.

Chasing the outsourcing wave is a smart strategy for an economy such as the Philippines'. Compared with capital-intensive manufacturing, service businesses are cheap to set up, and can generate a hundred times more jobs per dollar invested. President Arroyo recently earmarked $10 million for new trainees in the outsourcing industry. Students interested in outsourcing jobs are given vouchers that can be used for tuition at vocational institutes.

Unless cost escalation gets out of hand or other infrastructure bottlenecks appear, the Business Process Association of Philippines projects that outsourcing in the Philippines could be an $11 billion industry employing 900,000 people by the end of 2010. That will put it close to where India is today. "Five years from now, there could be a lot of countries doing as much as India is doing today," says Infosys CEO Nilekani. "We are just scratching the surface in outsourcing and off-shoring."
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Re: Outsourcing - A New Business Trend
« Reply #23 on: September 08, 2007, 02:07:55 PM »
The Philippines: The New Outsourcing Hot Spot
By Assif Shameen
Business Week Online

Economists and analysts are startled by the Philippines' runaway growth in the sector. "The pace of development of the BPO [sector] in the Philippines has been impressive," says a recent report by U.S. investment bank Goldman Sachs. "Three years ago there was a question mark whether Philippines could develop some [outsourcing] momentum. Now it's a $3 billion industry."

India's dramatic economic rise this decade, powered by its role as the back office of the world, has developing countries from Argentina to Vietnam scrambling for a piece of the action. With good reason: Researcher Gartner (NYSE: IT) estimates offshore infotech and business-process outsourcing amounted to US$34 billion globally in 2005 and could double by 2007.

The race is on in Eastern Europe, Latin America, China, and Southeast Asia to land jobs and economic growth by answering customer phone calls, managing far-flung computer networks, processing invoices, and writing custom software for multinationals from all over the world.

Though India continues to have a lock on most of this global business, that is starting to change. Even Indian outsourcing powerhouse Infosys has started increasing staff in China and the Czech Republic this year, is exploring Latin America, and likely will eventually set up a base in Southeast Asia.


Golden Opportunity
"Some of the countries like Philippines and Malaysia have done fairly well to leverage their unique skills and carved niches for themselves," said Infosys Chief Executive Officer Nandan M. Nilekani, in Singapore recently attending an International Monetary Fund and World Bank meeting.

Could all of this be a golden opportunity for the Philippines, long regarded as the economic laggard in Asia? This vast archipelago is starting to gain some traction on the outsourcing front. Chennai, India-based OfficeTiger now has over a hundred people working in Manila on legal outsourcing for clients such as Dupont and expects to have nearly 1,500 by the end of 2007.

The Philippines raked in offshore service generating revenues of $2.1 billion last year, placing third behind India and China and slightly ahead of Malaysia. That's up 62 percent over the $1.3 billion it gained in 2004, and a huge increase from the start of the decade when the outsourcing industry in Manila employed just 2,400 people and the industry had revenues of a mere $24 million.

Language Advantage
The outsourcing sector currently employs over 200,000 people. That is still way behind India's 750,000, but Manila is catching up fast. The Business Processing Association of Philippines estimates the industry will chalk up 57 percent growth this year with total revenues of $3.3 billion, and is on track to deliver nearly 48 percent growth in 2007 to $4.9 billion. "Business process outsourcing (BPO) is one of the fastest growing segments of our economy and a key plank of President Gloria Macapagal Arroyo's strategy to put strong growth drivers in place," says Philippine Cabinet Secretary L. Ricardo Saludo.

Consultancy A.T. Kearney, in its recent ranking of the most desirable global services locations which are competitive for business process outsourcing, ranked the Philippines fourth in the world behind India, China, and Malaysia -- a huge change from being outside the top 10 three years ago. Philippines gets high marks for its large, educated talent pool and English language skills, though it lags some of the other locations in infrastructure.

Economists and analysts are startled by the Philippines' runaway growth in the sector. "The pace of development of the BPO [sector] in the Philippines has been impressive," says a recent report by U.S. investment bank Goldman Sachs. "Three years ago there was a question mark whether Philippines could develop some [outsourcing] momentum. Now it's a $3 billion industry."

White Collar Force
Goldman's report also notes the outsourcing industry has begun to expand beyond the capital Manila into university towns such as Baguio, as well as Clark (the former U.S. military base), Cebu, Dumaguete, and Davao. "It is clear that Philippines is now very much on the global map for outsourcing," the Goldman report said.

The recent growth spurt in the outsourcing industry in the Philippines has been fueled not by traditional low-value-added call centers, but more higher-end outsourcing such as legal services, Web design, medical transcription, software development, animation, and shared services. Though call centers still form the largest part of the sector, the Philippines has begun leveraging its creative design talent pool, its large pool of lawyers and its professionals in accounting and finance.

"Philippines as a country offers us a unique talent pool for outsourcing services in legal as well as design services," says Joseph Sigelman, co-president of India-based OfficeTiger, which was acquired by U.S. printing services giant R.R. Donnelley in April. The company chose the Philippines as the springboard for its legal services outsourcing and expects to make Manila the main center for "pre-media" outsourcing work, including desktop publishing, composition, typesetting, and graphic design.

Familiar With US
Legal services were a natural extension of the outsourcing work the firm has been doing from its base in Chennai for years. "As an ex-American colony, there is cultural affinity and the legal system is based on U.S. law," says Sigelman, a native of New York. "In Manila, every lawyer seems to know what Roe vs. Wade was about. In Chennai, they may have some of the finest legal brains in the world but not everyone has heard about Roe vs. Wade or other key cases in U.S. Supreme Court." Most Filipino lawyers sit for U.S. bar exams and that gives Manila a leg up over India, China, or Malaysia.

Design work is another place where Filipinos have an edge, according to Sigelman. He says he has found incredible depth of design talent in Manila; the kind of talent that is hard to come by in Bangalore, Hyderabad, or Chennai.

OfficeTiger's clients include large insurance companies, retailers, and publishers of books and directories. OfficeTiger is looking at Philippines operations to provide 40 percent to 50 percent of its total annual revenue growth over the next three to five years.

Talent Poaching
Another factor working in the Philippines' favor is cost. In India, wage costs in outsourcing have risen 15 percent per annum over the past two years. This rise has outsourcing firms and clients looking for alternatives. With that in mind, the risk for the Philippines is that its relatively low office-rental and labor costs could also start to rise dramatically.

Already, heavy demand for office space, despite a boom in construction of new buildings, is causing upward pressure on rents. Companies that are expanding say costs are starting to escalate fairly rapidly. There are signs of a tight labor market, too. Excessive poaching of talent that was the norm in India a few years ago is becoming common in Manila as well.

New companies are offering "joining bonuses" to the most talented the day they sign up for the job. Many employees are given bonuses for finding new recruits. "It's inevitable that costs will rise but the Philippines is still a very competitive place for the sort of work we are doing," says Sigelman.

Money for Training
Cabinet Secretary Saludo says the government is focused on developing human capital through education and training to keep a steady supply of talent for the outsourcing sector. Manila is also beefing up the telecommunications infrastructure, he says.

Chasing the outsourcing wave is a smart strategy for an economy such as the Philippines'. Compared with capital-intensive manufacturing, service businesses are cheap to set up, and can generate a hundred times more jobs per dollar invested. President Arroyo recently earmarked $10 million for new trainees in the outsourcing industry. Students interested in outsourcing jobs are given vouchers that can be used for tuition at vocational institutes.

Unless cost escalation gets out of hand or other infrastructure bottlenecks appear, the Business Process Association of Philippines projects that outsourcing in the Philippines could be an $11 billion industry employing 900,000 people by the end of 2010. That will put it close to where India is today. "Five years from now, there could be a lot of countries doing as much as India is doing today," says Infosys CEO Nilekani. "We are just scratching the surface in outsourcing and offshoring."

Gervistill

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Re: Outsourcing - A New Business Trend
« Reply #24 on: September 08, 2007, 02:22:13 PM »
 in the Philippines has been impressive," says a recent report by U.S. investment bank Goldman Sachs. "Three years ago there was a question mark whether Philippines could develop some [outsourcing] momentum. Now it's a $3 billion industry."there's a new type of outsourcing, and it's called KPO. Knowledge Process Outsourcing. This is more knowledge-intensive, higher paying and required more experience and academic backing. We hope to get a share on this KPO market.

that's the downside of BPO. they can transfer the office that fast. we might soon be faced with mass lay offs when the process has been transferred to let's say Vietnam. i'd say it lies right on our hands. each BPO need not only concentrate on cost effectiveness. quality management should be of foremost concern.


that's the good thing about Filipinos. we're good at almost everything...  doing the job to the best of our abilities. IF not...trainable man pod ta..


this is very obvious. you'd see ads saying they will give you 15K signing bonus...etc. are we running out of manpower that they have to lure them with bonuses? not bad, but it may affect the overhead cost. compared with US, operating costs here are way way lower. but we are not competing with the US. Vietnam, China, Latin America and the rest of the world are competing with us. So beware of companies who pay you too much. You might lose your job sooner than you think.


we need more office towers!!!

asianfairy

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Re: Outsourcing - A New Business Trend
« Reply #25 on: September 08, 2007, 03:45:16 PM »
Sir Junayag,

I have been read many of your inputs in TB and I think you are an intelligent and sensible man.
I vote for your ideas.

It is true that our country needs total restoration when it comes to our mentality. Morag lisod na gyod mausab ning crab mentality sa mga Filipino.
hasta kaning ningas cogon, padreno system ug unay sa luwag nga systema.

Wa gyod ay asenso ang atong nasod kon di na mausab.
Unya kaning mga balaod sab nato usually ang mga dato ra ug kanang naa sa power ay makaenjoy.
Looy si pobreng polano. Lisodlisoron pagyod ka inig pangayo permit pero kon naa imo uncle magtarbaho sa kapitolyo di na basahon imo application.

In the Philippines, there is no real Justice and Equality among the people.The diffrence between the rich and the poor is enormous. mao dili gyod mahimong peaceful diha kay syempre ang mga naglisod moresort nalang to robbery and kidnapping.

Sweden (and Nordic countries in general) is a peaceful country. Bisan dato ka dire di ka mahadlok di manera imo balay kay walay mangawat. Ug dire mafeel gyod nimo imong value as a human being and that you are equal to everyone. Parehas ragyod tan-aw ug tratar sa tanang tawo dire bisan kinsa kapa. Bisan anak kapa sa Prime Minister dire unya you are overspeeding dakpon gyod ka. Di parehas diha sa atoa nga kon parahon kanas polis ing non ra dayon ang polis (mao pay kasab-an) nga "wa ka kaila kinsa ko??"

Dire pwede ka motubag ug makigdebate sa imong boss without fearing nga fire out ton ka. The labor union here is very strong. The people have BIG power. Mahadlok ang mga political leaders dire mohimo ug gamay sayop kay di na gyod sila tuohan pa ug guba na ila reputation.

Dire ang definition sa word government nga is the people and for the people is tama gyod.

The law here functions to the fullest. No one is exempted and everyone is following the law.

And Swedish people are  honest. They trust each other and they trust their leaders.

We pay  high taxes here but people dont mind because the money we payed flowed back to the society in terms of many benifits. Free school to everyone...hasta sa university way bayad. Free lunch pa hangtod grade 9 (bale 3rd year high sa atoa) Yes, here everyone can study bisan unsay ilang gusto nga kurso. Parents here dont need to worry anymore about their childrens future kay free man ang edukasyon unya hasta healthcare way bayad. Sa atoa looy kaayo kon masakit atong mga anak kay mamatay nalang kon wa tay ikapalit ug tambal.

Ang mga bata sab dire inig ka tawo nila hangtod moabot sila ug 18 dunay madawat nga allowance sa gobyerno kada bulan. Each child receives about 157 USD. Pero kon moabot na 3 imo anak mas modako ang ihatag. Gusto man god sila nga manganak ka daghan. Opposite pod as atoa. So, here.. the more children you have the more benifits and allowances you get. Di ka maguol dire kon daghan ka anak..kapoy lang usahay kay di man uso ang maid dire. So imo ra tanan.

Maternity leave sab sa mga babaye dire is more than one year with pay.

Ang Pilipinas rich man unta pod sa mga natural resources ug di ba sa una usa ta sa most progressive and rich country sa Asia...what happened now? Dire wa gyod ko kita made in Philippines nga products nga mga sinina. Maayo pa made in bangladesh kay dia pa.

Wa mamao pagdala ang atong nasod kay ato mga leader nga gielect (thru vote buying) nga unta peoples servant sila ang ila ramang vested interest maoy gipakadako.

Ang makapausab ras atong nasod kita rapod nga mga tawo. Kon naa pa untay molead diha para sa another Peoples Power!
Start the changes by replacing all corrupt leaders. Ug kuhaon ang ilang mga nacorrupt.

Opps !!sorry..morag na out of topic na man siguro ko ani. Just cant help it...

mamahaw sako basin kabuhion napod! :D

Ciao!!












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« Reply #26 on: September 08, 2007, 06:21:51 PM »
Gervistill, naa diay ka sa Qatar? Diha man ako banana adtong March.
"There's no perfect life, but we can let God fill it with perfect moments"

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« Reply #27 on: September 08, 2007, 11:27:30 PM »
Thanks for the long great comparison Asianfairy.  Well, Europe is not Asia.....Asia is now also developing much better in Economic progress but I had already elaborated in a previous or other interesting topics in relation to this... I  just feel sorry that our country is not a part of this.  China and India are on the go whereas, we have lot of young experienced intellectuals in our country.  This is what our government failed to have some agreement with other leading Europian countries such as Germany and etc. aside from U.K.  I had before cited in other thread.... that what we really need is a "NEW PEOPLE'S POWER"...might be again a good start to abolish the non-stop corruption. In other hand, every Politicians on Power is not sugarcoated to this illness.  Just imagine, the Philippine New People's Power was taken as an heroic example from the East Germans by way of breaking the existing 40 years Wall for that West-East re-union.

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« Reply #28 on: September 08, 2007, 11:59:59 PM »
Thanks to you too Bambi..

 I agree that we need a NEW Peoples Power!

I visited Berlin together with my husband in 1993 when we made a tour around Europe. We took away some of the stones that was broken from the walls..as a souvenier. Diha pamay daghan nabilin wa pa mahinlo.

It would be great to visit Berlin again. Do you live near the place??




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« Reply #29 on: September 09, 2007, 12:22:58 AM »
It is about 5 hrs. by car from us, we were there the first time this May for 3 days trip......well, the City is interesting due to its tragic history but I like London better especially for shopping.

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« Reply #30 on: September 09, 2007, 01:40:16 AM »

thanks asianfairy for your very warm compliments...  bambi, gervistill, happy and positive values' advocates... only if Bohol could establish a core group that would take care on VALUE REDIRECTION, our TB group is the most effective.

We have many intellectuals here...but being intelligent is not sufficient to be effective, we need to have that DEDICATION and firm CONVICTION that through us we could make a DIFFERENCE in Bohol's total "landscape"...

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« Reply #31 on: September 09, 2007, 06:13:55 AM »
kuya nagkinahanglan nag gutsy person

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« Reply #32 on: September 10, 2007, 03:40:23 AM »


with the commitment of support and cooperation among TB members, the day will prevail...

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« Reply #33 on: September 10, 2007, 03:23:45 PM »

I believe there's a certain degree of exploitation involved...but then, beggars can't be choosers.
If you're going through hell...keep on going...

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« Reply #34 on: September 10, 2007, 05:45:45 PM »


on the first place why services are being outsourced because of cheap labor from providers as compared to their local industry rate...though we tend to abide with their requirements ( we cannot choose but comply, we have less bargaining power )... but the bottomline, outsourcing has positive effects to our economy.

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Re: Outsourcing - A New Business Trend
« Reply #35 on: September 19, 2007, 06:17:43 PM »
  On the whole it's a good thing for the Phils. 
  The people gaining the jobs are benefiting more than those losing them.  A few months after I moved to this part of the world approx 600 of my ex-colleagues were terminated.  Their work was moved to India.  I imagine many of them are still unemployed to this day, given that they had been idling, thinking they had a job for life - not learning new skills.
  I believe outsourcing will contribute to better equality between the standard of living in the affected countries.  Sure, the owners in the USA etc may take the profits - but there's still that extra money flowing into the nation through salaries and investment.


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« Reply #36 on: September 20, 2007, 12:26:20 AM »


am with you Ben that the impact is more felt with those who are adversely affected and those being benefitted. 

with globalization,  building a global village, no one could monopolize in the same geographic location... labor / resources are cheap elsewhere, hence, entrepreneurs are focused of being cost-effective...

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« Reply #37 on: September 23, 2007, 02:53:24 AM »
Bootstrapping operating costs through outsourcing can help owners get to break-even sooner and improve profit margins as the business grows.

Outsourcing is a strategy that can work very well for a start-up and very small businesses. Rather than bear the cost of renting space and hiring a staff, these businesses utilize the excess capacity of someone else's business to make their product.

source: Jeff Cornwall, Belmont University
Romans 10:9
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Gervistill

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xx - Outsourcing - A New Business Trend - Product Reviews
Re: Outsourcing - A New Business Trend
« Reply #38 on: September 25, 2007, 09:41:20 AM »
RP set to overtake India in business outsourcing
By Ronnel Domingo
Inquirer
http://newsinfo.inquirer.net/breakin...ticle_id=90204

MANILA, Philippines -- THE PHILIPPINES is poised to overtake India as the world's top provider of business process outsourcing services as industry players firm up their strength and marketing efforts.

Cesar B. Bautista, co-chairman of the National Competitiveness Council (NCC), told the Philippine Daily Inquirer that the Indian cyber services sector was losing its edge as telecommunication infrastructure get saturated and costs go up.

"At the same time, our BPO sector has started strengthening their organization into something like India's Nasscom [National Association of Software and Services Companies], which can represent the members as a bigger and more influential entity," Bautista said.

He was alluding to the Business Process Association of the Philippines, which he said could now be more decisive because it had reformed its structure, unlike the "weak" group it had been in the past years.

Bautista, a former trade secretary who now represents the private sector in the NCC, said it was only expected that the Philippines would emerge as a leading provider of BPO services despite coming into it later than India did.

He noted that information technology-enabled services had become the fastest growing sector in the economy, which is expected to be providing some 400,000 jobs by the end of this year compared to 8,000 in 2000.

"Our cyber services sector is growing much than that of India and the projection that by 2010, the industry would represent a million jobs and $12 billion in revenues is not farfetched," Bautista said.

To prove his point, Bautista cited to a report that US-based research firm Frontier Strategy Group released earlier this month, which identified the Philippines as one of seven markets that would drive corporate profit growth in 2008 and beyond.

Titled "Shift from the BRIC to the Future 7," the study showed that the country--along with Indonesia, inland Brazil (as opposed to the coastal areas), inland China, Mexico, Turkey and Vietnam--was replacing the BRIC countries (coastal Brazil, Russia, urban India, and coastal China) as markets of fast growth.

Based on FSG's survey of at least 100 top executives from top performing firms in the world, 86 percent said the Philippines was a top destination in the Asia-Pacific-together with inland China, Vietnam and Indonesia.

junayag

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Re: Outsourcing - A New Business Trend
« Reply #39 on: September 28, 2007, 02:59:09 AM »


Big economies of the world recognized Philippines as a rich potential source of resources but lacking the mechanism to fully utilize them... much more, we lack marketing... and a balance protection for both investors and labor must prevail.



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