Answer to Question #210721 in Macroeconomics for geoffrey

Question

With clear illustrations, discuss challenges associated with offshoring; and systematically highlight strategies necessary for assured venture growth in any given business environment

Answer 1

Offsharing is the process of relocating the business operations unit to a different country where cheap resources and labour are found.

Here are some challenges associated with offshoring : a) some employees want to progress their careers in a short period of time which makes them to have less skills. b) In some places where competition level is high the turnover level will be high. C)Cultural differences such as language barrier which is also a challenge to offshoring.

These are some strategies that can be made: a) Cultural training programs should be offered to the entire team. b) An inclusive culture should be build within a company. c) To ensure that the employees are enjoying their career growth for them to gain more experience.