Outsourcing is a direct result of the processes of globalization and technological advance, and both the forces are here to stay. With companies going global, corporate houses tend to reduce costs by hiring foreign workers at a lower price than what they would have to shell out for using workers in the West. Advanced technology in the form of internet access has made it easier … [Read more...] about Outsourcing: Where to stop?
We take an example of medical transcription (MT) firm Transvision (name changed) established in 2001. The promoters were already established in the manufacturing business. They initially had a modest work-facility-cum-training center at a remote area of South Kolkata. In March 2006, their 24x7 work facility shifted to a posh locality in South Kolkata. By October 2007, their … [Read more...] about Case study of training arm of an outsourcing firm from Kolkata while looking how training can be made part of the revenue model