Information Technology Outsourcing :: Globalization, Business Management

Information Technology Outsourcing   Ã‚  Ã‚  Ã‚  Ã‚  "Information Technology outsourcing is the contracting out of part or all of an organization's IT activities." New trends have included operations, programming, and technology planning. The main reason for information technology outsourcing is to gain immediate economic gains for the company, usually through savings. Financial motivations aren't first on businesses minds though; other strategic objectives are.   Ã‚  Ã‚  Ã‚  Ã‚  Outsourcing can make it easier to downsize. Because you are bringing in outside help, and can cut back on fixed salaries, the company becomes more variable. Outsourcing leads to tighter linking of strategy and IT. Knowledge which usually flows slowly can flow freely, and a company has more access to outside technology. Plus businesses receive information faster than other types of hierarchical communication, and the resources are endless. Outsourcing can unlock organizational structures. "The unlocked IT organization can provide a better mechanism for costing user requests, prioritizing technology initiatives and controlling expenditures." It offers the benefits of both systems involved. Another important goal that IT outsourcing takes on, is reducing technological risk. By outsourcing your needs you know that that the employee know what they are doing.   Ã‚  Ã‚  Ã‚  Ã‚  Some of the problems IT outsourcing may encounter are, loss of strategic control, risk of technological obsolescence, limiting of long-term flexibility, difficulty in benchmarking initial contract, hostage to additional charges, high exit or switching costs, limited choice of vendors, the fixed nature of legal contracts, legal exposure, from dissatisfied former employees, and cultural conflicts.   Ã‚  Ã‚  Ã‚  Ã‚  The people doing the outsourcing for the companies are sometimes the life's-blood of that company. If the outsourcers want more money, then they are almost obligated to give that money. This is usually the case when the contractors are bringing new technology into the system.   Ã‚  Ã‚  Ã‚  Ã‚  High exit or switching costs entail the switch-over costs the company must shoulder if they decide to end the outsourcing and hire full time employees. It is important not to put too many resources at the hands of the contractors. Limiting this will ease the switch-over costs.   Ã‚  Ã‚  Ã‚  Ã‚  Legal issues also creep into the picture when a company chooses to outsource. Some companies have problems with employees that are not happy with their current arrangement or are mistreated.

Advantages & Disadvantages of the Internet in Education Essay

Read more : http://www.ehow.com/info_8109434_advantages-disadvantages-internet-education.html Nearly every classroom in America’s schools can access the Internet, a number that grew from 35 percent in 1994, according to the National Center for Education Statistics. Some teachers use the Internet with every assignment while others take a different approach. As with any education technique, classroom Internet usage comes with both advantages and disadvantages. Read more : http://www.ehow.com/info_8109434_advantages-disadvantages-internet-education.html Information A major advantage of the Internet is the ability to access all types of information from library resources all over the world, including magazines, books, newspapers and journal publications, instantaneously. This information increases the learning potential by providing students with the latest information. It also expands the resources of a smaller library tremendously. Students using search engines can find information quicker and more tailored to their specific needs. As a disadvantage, educators may consider this information overload. With all of the information available to students, they may find it difficult to choose which information is most important to a topic and also when to stop looking. In addition, the validity of Internet sources varies considerably from website to website, which means students can very easily acquire inaccurate or out-dated information online. Online Education An online education provides students with the convenience of going to class and completing assignments on their own timetable. Students can take classes from a college or university nowhere near their home and get an education experience not available to them locally. Students who travel with a job can take a class in a house, hotel room or coffee shop. Students save on housing, gas money and travel expenses. However, an online education means face-to-face instruction does not exist, nor does the ability to get instant  feedback on class assignments in many situations. They also can’t hear questions from other students (or ask questions themselves), which often can give clarification to a student struggling with the concepts of the material. Sponsored Links $0.01 Web Hosting Scalable, Secure Web Hosting. Try Our Award-Winning Service Now! www.hostgator.com/1Penny Virtual Field Trips An advantage of a classroom Internet connection allows students to take a virtual field trip without ever leaving their school building. Students studying the animals of Africa, the Great Wall of China or the Egyptian pyramids, for example, never have to get on a plane. For schools struggling with budgets and for schools in rural locations, going to an online museum or virtual zoo gives them a unique opportunity they might not otherwise have without Internet access. Disadvantages of this experience mean students can’t ask questions of the zookeeper or touch a snake at a zoo. They can’t take pictures or create memories with their classmates. For younger children, a field trip can teach them how to behave in public and respect adults; since virtual field trips don’t leave the classroom, they only learn to respect their teacher. Social Skills The Internet allows students to meet people from all over the world at the click of a button. Suddenly doing a tenth grade literature project on Irish literature with the help of students in Ireland makes the project more interesting and thus a huge advantage. Artists studying Italian architecture can email experts in Italy about the vast amount of artwork. While these opportunities provide great details and resources, they also can damage social skills. Students who reply primarily on the Internet for information and interaction don’t talk to people in person as much; rather they just email back and forth. This can make it hard to develop listening skills, especially when interviewing someone, or to acquire appropriate social skills for face-to-face interactions. Advantages and disadvantages of school children using the Internet for  research Introduction Discuss the Advantages and disadvantages of school children using the Internet for research Over the last decade computers have been used more than ever before. The emergence of the Internet during the 1990’s allowed educational research materials to be made available through websites. Many people now use the Internet as a primary source of information for their work however there are many sides to this argument and there are doubts whether this is advisable in all cases. There are both advantages and disadvantages of school children using the Internet for research purposes, these advantages are: * The fact that the Internet is an easy tool to use and, once the child has learnt how to use the web; they can use search engines to find almost anything. †¦read more. Middle * There is a great deal of software available to stop unwanted sites, viruses or ads coming up, so the child could be trusted to use the internet without being in danger as long as they bear in mind that privacy is important and as long as they do not disclose personal information over the web. * You can get Current, topical information, such as news from around the world as the Internet is constantly being updated. * Also, there are many sites, which help children to study through the use of different media such as online Learning. Disadvantages include the fact that:: * Anyone can publish a web page to support his or her own intents and purposes. †¦read more. Conclusion some relevant information * Not all information is on the Internet and so the subject that the particular student may be researching may have more to it than is shown. * There can be many people such as hackers etc. who are trying to access your computer whilst you are on a particular site. This is important to remember when using the Internet for anything. In conclusion, I would say that the Internet is very useful to schoolchildren (like myself) in terms of its research potential but one must be aware of its limitations and should follow sensible practise in using it safely and wisely. However certain points must be remembered to ensure that the research produced is true and realistic. †¦read more. The above preview is unformatted text This student written piece of work is one of many that can be found in our AS and A Level Internet section. Advantages and Disadvantages of the Internet Can you imagine a life without the internet? Hasn’t it revolutionized and eased up our life in many ways? Read on to understand the advantages and disadvantages of the internet. By Ashwini Ambekar | Wednesday, October 22, 2008 PRINT ARTICLE Modern life and business has become easier and the world markets have shrunk thanks to the immense contribution of the internet technology to communication and information sharing. However this internet technology was not created overnight. In its initial stages of creation it facilitated communication within certain specific network stations through a central mainframe method. Eventually internet operations wherein multiple networks could be connected together was made possible. From here on internet service providers that were privately owned allowed for expansion and use of this technology and it has had a tremendous impact all over the world. The Internet not only allows for ease in communication through email but also ensures easy availability of information, images, and products among other things. Every day the internet continues to provide a new facility, something new that is immensely convenient and that makes life easier for many people. However this internet like any other technology is also like a Pandora’s Box and contains some unwanted elements or disadvantages. Following are the advantages and disadvantages of the internet. Advantages of the Internet The internet has opened up new avenues for communication. Email facility has allowed people to communicate with minimum wastage of time. It is now possible to send a message to any part of the world through a simple email address and the message is delivered in a matter of seconds. This has allowed businesses to expand and communicate with their vendors and customers located all over the world in record time. Personal communication has also become easier thanks to email. Chat rooms, video conferencing are some of the latest additions in this technology and these have allowed people to chat in real time irrespective of the location of the parties involved. The intranet allows for people within an organization to easily communicate and share information. The greatest advantage of this phenomenal creation is that it is easy to understand and simple to use. Information has been made available easily because of this wonderful technology. Search engines, websites dedicated to different subjects and large amount of articles and papers are available for perusal in a matter of few seconds. Forums on a number of sites allow people to discuss and share their thoughts and information with others located at different places all over the world. Whether this information is about the latest news happenings in the world or information about your favorite celebrity, everything is available at your fingertips. A huge cache of data is available on the internet on every single subject. With this storehouse of information people can not only increase their knowledge bank but can do so without wasting their time through traditional means such as visiting libraries and conducting exhaustive research. This is particularly relevant for students who can use this wealth of information for their school projects and also to learn new things about the subjects they are interested in. In fact this internet is a boon for many schools and universities that are now able to assign projects and work to the students and follow their progress which can be easily posted on the school/ university int ernal websites. Online education has grown at a very fast pace since internet allows the development and use of innovative tools for imparting education. The internet has also revolutionized the entertainment industry. You no longer need to go to a cinema hall to watch your favorite movie. You now have companies offering their services wherein you can just download or order your favorite movie and watch it with a fast internet connection. Likewise you can download your favorite music or other important software in a matter of few minutes. There are a number of shareware programs that allow you to share and download your favorite music and videos.The internet also allows people from different cultures and backgrounds to connect with each other. Internet gaming is a huge business and allows enthusiastic gamers to compete against each other in games even when they are located far apart. Likewise dating has also  allowed people to find their prospective soul mates. Shopping has also got a complete makeover thanks to the contribution of the internet. You have many websites selling a variety of products of products online and one just needs to select or bid for the desired product and entire financial transactions can be conducted through the internet. E commerce has got a facelift because of the internet and entire global business deals can be conducted over the internet. Transfer of money is also no longer a time consuming job and with just a click of a button you can easily transfer funds to anyplace you wish. Some of these services of course come at a price. A variety of other services are also available through the internet including booking of tickets whether they are for traveling, hotel reservations or for your favorite movies. Medical support and guidance is also available through the internet and there are many websites catering to this and a horde of other services. Disadvantages of the Internet While the internet has made life easier for people in many ways it is also reflecting an uglier side to its existence through a number of problems that it has thrown up for its users. With a large amount of information freely available on the internet theft and misuse of this information is a likely possibility. Time and again you see cases of people using someone else’s information and research and passing it off as their own. Another problem or disadvantage of the internet is that it has allowed a great deal of anonymity to a large number of people who may access the different websites, forums and chat rooms available. This has allowed perverted individuals to at times take advantage of innocent people and abuse their trust. Since business dealings and financial transactions have become easier because of the internet another problem that has arisen is that people can now misuse your private information including financial details such as the credit card number. There have been cases of financial frauds and other problems that people have experienced following misuse of such sensitive information. Some unscrupulous individuals have been successful in creating viruses and links that once clicked can automatically transmit your personal email addresses and other details to certain parties and even your bank account details in some extreme cases. The case where funds are withdrawn or where sensitive data are obtained is called phishing. One of the biggest problems that the  internet has created is that of spamming. Spamming refers to the activity wherein unwanted emails and other links are sent in bulk to people. These emails may pertain to advertising or random bulk emails and these may contain viruses that may corrupt the system and even if they don’t cause any harm these can be plain annoying. The internet has also given birth to viruses that can wreck havoc in the system and cause a lot of damage. Many websites are notorious for sending adware, viruses and also other malicious software that can slow the computer and in some cases even harm it considerably. The internet is particularly attractive for a child since it has so much to offer in terms of entertainment. However pornography is a serious threat in today’s world and this can cause a lot of problems in terms of emotional and mental well being of the child. There are practically millions of pornographic sites and without supervision a child can easily fall into the trap of accessing such sites. Even though a number of informative sites are available there is also a darker side to the internet with the availability of a large number of other problematic sites that can cause serious effects on a child during these impressionable ages. Even though the internet has in many ways brought the world closer together it has in many other ways caused a lot of damage to relationships and growth of individuals. This is because the internet can have a huge addictive pull and people are at times known to surf the internet for up to 15 or 16 hours a day. Chat rooms and forums or other ways of interactivity cannot really replace real life socializing and if that takes place internet can be quite detrimental.

Causes and Consequences of Global Financial Crisis

Global Financial Crisis Causes and Consequences An Analysis of the Causes and Consequences of the Financial Crisis of 2007-2009 as well as the role Information Asymmetries Played in these Events Introduction Although the roots and after effects of the global financial crisis were undoubtedly set before 2007 and continue long after 2009, it was the period between these years that the crisis was in full effect. Since the economy as a whole is a vastly complicated and dynamic arrangement, it is difficult to pinpoint an exact first cause. Many of the variables that were in play and at least partially responsible for the rapidly deteriorating state of the economy are deeply intertwined with a plethora of other factors that work in tandem and often feed off of each other. It is difficult, even with the advantage of hindsight, to isolate a specific, demonstrable factor that is to blame. In fact, economists are still debating these issues to this day. With the complexities of analyzing the financial crisis being stated clearly, there are many factors that are argued to be among the causes of the crisis. Many argue that the trend of financial deregulation was the first factor that set others in motion. Beyond deregulation, more immediate factors often include the housing bubble and the sub-prime lending catastrophe. These factors are also related to the securitization of assets as well as the invention of the derivative market. Finally, globalization and theShow MoreRelatedAnalysis of â€Å"the Global Financial Crisis: Causes, Effects, Policies and Prospects† Dominick Salvatore, Journal of Politics Society, Columbia University1110 Words   |  5 Pages Analysis of â€Å"The Global Financial Crisis: Causes, Effects, Policies and Prospects† Dominick Salvatore, Journal of Politics Society, Columbia University June 2010 Marija Nikolic December 2012 Global financial crises has brought into focus debate about decisions made by the countries which are leading economic forces, making them to reconsider past living standards and habits. 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