5 Reasons Why Offshoring Does Not Work For You

CEO Insider

You may have heard stories about offshoring that went wrong and made companies lose thousands of dollars. No matter how you perceive offshoring now, it’s a fact that many companies not only managed to transfer programming overseas […].

How to Choose a Reliable Partner for Offshoring

CEO Insider

License and Republishing: The views expressed in this article How to Choose a Reliable Partner for Offshoring are those of the author Dmitry Ovcharenko alone and not the CEOWORLD magazine.


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Offshore Software Development: Reasons Why Outsourcing Is Beneficial For Startups

Strategy Driven

In this post, we will examine the benefits of choosing offshore mobile application development. Let’s have a closer look at why startup owners should choose offshore application development services by examining their seven most impactful benefits.

The best fireworks display I have ever seen

First Friday Book Synopsis

Actually, there are three: o In person, fireworks launched from a barge offshore Martha’s Vineyard o Also in person, following Arthur Fiedler’s last performance with the Boston Pops in a park along the Charles River on July 4, 1976 o A fireworks display filmed in China To see the display in China, please click here. […]. bobmorris Arthur Fiedler''s last performance with the Boston Pops offshore Oak Bluffs on Martha''s Vineyard The best fireworks display I have ever seen

Film 77

Dennis Perkins: Part 2 of an interview by Bob Morris

First Friday Book Synopsis

Dennis Perkins is Chief Executive Officer of The Syncretics Group, a consulting firm devoted to effective leadership in demanding environments—especially those characterized by uncertainty, ambiguity, and rapid change. Perkins has worked for over twenty-five years as an advisor to senior leaders in organizations ranging from Fortune 100 corporations to nonprofit associations. A graduate of the […].

Dennis Perkins: Part 1 of an interview by Bob Morris

First Friday Book Synopsis

Dennis Perkins is Chief Executive Officer of The Syncretics Group, a consulting firm devoted to effective leadership in demanding environments—especially those characterized by uncertainty, ambiguity, and rapid change. Perkins has worked for over twenty-five years as an advisor to senior leaders in organizations ranging from Fortune 100 corporations to nonprofit associations. A graduate of the [.].

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In Defense of Responsible Offshoring and Outsourcing

Harvard Business Review

Yet, the imperatives of offshore facilities and employees are — and will remain — central to American companies' international competitiveness. Offshoring and outsourcing today are like sex in the Victorian era: repressed or criticized in public discussion, much practiced in private behavior. Similarly, companies must be more forceful in explaining the uses of revenues and margins derived from offshoring/outsourcing's competitive cost structures and local appeal.

What's Next When Offshoring Isn't so Cheap?

Harvard Business Review

Over the last decade, offshore manufacturing seemed like a no-brainer. Offshoring isn't going away, but companies will have to be smarter about it. Forward-looking companies see outsourcing and offshoring as tools to achieve strategic objectives such as scale, flexibility, and access to talent, resources and new markets — not just lower costs. or European companies have the same degree of insight into offshore markets.

Offshore Centers Can Offer More than Low Costs

Harvard Business Review

Captive offshore operations centers — company-owned delivery units located in low-cost countries such as India and the Philippines — have come a long way. When asked how satisfied they were with the overall performance of their offshore operations, 83% of them said that they were either satisfied or highly satisfied. Nearly 65% of them indicated their intent to increase the scale of their offshore operations by 15% in the next two to three years.

Robots Are Starting to Make Offshoring Less Attractive

Harvard Business Review

The hype around robots taking jobs is reaching a crescendo, in response to an insightful new book The Second Machine Age by Erik Brynjolfsson and Andrew McAfee, as well as an Oxford Martin School study: ‘ The Future of Employment: How susceptible are jobs to computerization? ‘ The former states that digital technology and robotics are advancing at such a pace that: “Professions of all kinds — from lawyers to truck drivers — will be forever upended.

Morning Advantage: What's Known (So Far) About The Offshore Havens Leak

Harvard Business Review

million documents detailing the identities and activities of 120,000 offshore tax havens. It’s being billed as possibly the “largest journalism collaboration in history.” For the past 15 months, nearly 100 reporters from media outlets around the world, working in collaboration with the International Center for Investigative Journalists (ICIJ), have analyzed about 2.5 The effort aimed to expose the “hidden dealings of politicians, con artists, and the mega-rich in more than 170 countries.”.

Pipe Bending Across the Industries: 6 Practical Applications

Strategy Driven

Whether fuel suppliers plan to drill offshore or at mainland oil rigs, they need to work with a metal fabricator capable of bending heavy-duty, corrosion-resistant pipes that will withstand the test of time. Pipe bending is a metal machining process used to form pipes into permanent shapes.

No Jab, No Job: Major companies take a hard line on mandated vaccinations

HR Digest

It will also require offshore workers in the Gulf of Mexico and some offshore support staff to be vaccinated by Nov. Hess: Oil producer Hess is requiring all offshore workers to be vaccinated before Nov.

The New Age of Innovation

CEO Blog

If there is a trend to moving offshore then there are markets for things like ESL, accent correction, communication process and systems. Moving offshore would need to be done efficiently so a focus on making it frictionless. I continue to blog at # WIF11. S.Kishnan was the first speaker. He is the author of The New Age of Innovation: Driving Cocreated Value Through Global Networks. His view is the increasing communication is changing the way innovation happens.

Global Precision Parts Joins The Six Disciplines Client Community

Six Disciplines

GPP prides themselves on producing and procuring the highest quality precision machined products through their domestic facilities and offshore joint ventures. Global Precision Parts (GPP) was established in 2006 as a combination of 3 manufacturing companies located in Ottoville and East Liberty, Ohio and Wabash, Indiana.

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Make Customers Happier with Operational Transparency

Harvard Business

When customers don’t see the work that’s being done in back offices, offshore factories, and algorithms, they’re less satisfied with their purchases. Ryan Buell, associate professor at Harvard Business School, says the never-ending quest for operational efficiency is having unintended consequences. Buell believes organizations should deliberately design windows into and out of operations.

The Market Punished “Panama Papers” Firms to the Tune of $230 Billion

Harvard Business

Since they were first published on April 3, the Panama Papers have thrust a spotlight onto world politicians, celebrities, and businesses sheltering money offshore. The largest release of data ever on the secret world of offshore companies led to the resignation of Iceland’s prime minister. It also created an academic windfall: the opportunity to study the real financial impact of offshore vehicles.

Why Best Practices – Aren’t

N2Growth Blog

And if outsourced, will it be done domestically or offshore, and who will manage the process? My thesis is a simple one; Don’t copy – create. Don’t benchmark against others – benchmark against a unique and better version of you. Don’t compete against how others do things, compete against your own thinking. More than 20 years ago I coined the term “ next” practices in an effort to focus people forward in their thinking.

Why Every 21st Century Sales Leader Needs to Be a Creative Problem Solver

Great Leadership By Dan

As I’m fond of saying, “You can’t offshore, automate, or AI creativity.” Guest post from Mark Donnolo : In my new book Quotas!

29 Fortune 500 Companies Have No Women on Boards

Women on Business

6. Diamond Offshore Drilling, Houston, TX. In a new ranking of public companies without women in top leadership from Bloomberg Businessweek.com, it was revealed that 5.8% of the companies in the S&P 500, “remain all male in decision-making roles, with no women on the board of directors or among the company’s top five highest-paid officers.&#.

Why Best Practices – Aren’t

N2Growth Blog

And if outsourced, will it be done domestically or offshore, and who will manage the process? My thesis is a simple one; Don’t copy – create. Don’t benchmark against others – benchmark against a unique and better version of you. Don’t compete against how others do things, compete against your own thinking. More than 20 years ago I coined the term “ next” practices in an effort to focus people forward in their thinking.

Into the Storm: Lessons in Teamwork from the Treacherous Sydney to Hobart Ocean Race

Leading Blog

The iconic Sydney to Hobart Race, a 723-mile deepwater challenge—often called the "Everest" of offshore ocean racing—is considered one of the toughest in the world. Unpredictable weather and seas make each race demanding, but in 1998, an unexpected "weather bomb" hit the fleet, creating 80-foot waves and 100-mile-per-hour winds. Many bigger, better-equipped boats tried to maneuver around the storm, but the crew of the AFR Midnight Rambler chose to head directly into its path.

Overcoming the “Feedback Trifecta” to Communicate Better as a Leader

Great Leadership By Dan

Guest post from Angela Sebaly: A recent Harvard Business Review article examined Shell Corporation’s adoption of an 18-month program designed to help the company’s offshore workers give and receive feedback before their upcoming deployment. With the help of an outside consultant, Shell’s experiment pushed the typically tight-lipped crew to talk about everything from what it was like for them growing up to what it was like working with each other.

How to Start Your Own Online Business

Strategy Driven

Then, consider whether you want to locate your company in offshore countries or not, based on your government jurisdiction. Starting an online business has many advantages. You can work from any location, it requires very little capital, and it provides you access to a wide range of customers.

Into The Storm: 4 Lessons In Teamwork From The High Seas

Tanveer Naseer

She was struck by their ability to execute a seamless recovery: “The first offshore race I did with the Ramblers lit a fire as to why I wanted to join them as a team member. The following is a guest piece by author Dennis N.T. Perkins and Jillian B. Murphy. In 1998, a tiny 35-foot boat called the AFR Midnight Rambler accomplished an amazing feat — winning one of the toughest ocean races in the world.

Taking a Look at the Future of Oil and Gas Industry

Strategy Driven

Even offshore drilling hasn’t delivered on its potential yet. What is to come in the future of oil and gas industry? It appears gloomy, as it faces stiff competition and opposition. Environmental concerns amass and foretell the demise of the fossil giant.

Which Way is Bermuda?

Survive Your Promotion

On the first night of the race, three of the crew members were hunched over a chart debating the relative merits of taking a tack offshore. Survive Your Promotion! Tips for New Managers on Navigating the Transition from Individual Contributor to Team Leader Skip to content Home About the Book About Katy Recommended Reading ← Who’s Afraid of the Big Bad Management Team? Great Review of Survive Your Promotion! → Which Way is Bermuda?

To Outsource Is To Grow: Why It’s Good To Hand Over The Reins

Strategy Driven

There are offshore markets to explore too. One of the major problems faced by business owners all over the world is knowing when to let go. There are plenty of reasons why. As a company owner, you are used to making the decisions and there is a good chance you like to keep things under your control. As much as you like to think you are running a tight ship, if you are lending your hand to every aspect of your business, there is a very good chance you are spreading yourself thin.

7 Outsourcing Trends You Should Keep an Eye on in 2020

Strategy Driven

In turn, this makes offshoring more efficient. Is your small business expanding? Do you wish to cut down on your costs without compromising your services? Then outsourcing is likely the answer you are looking for.

Automation: A Potential Game Changer for Mining and Maritime Industry

HR Digest

The offshore supply vessel was slated to become operation by 2018, but the team has missed the timeline. The use of automation technology is rapidly changing the landscape of various industries, mostly in the labor-intensive sectors. Robotic loaders and remotely-controlled trucks are significantly reducing operational costs in the mining sector. Automation in Maritime industry is turning crew members into system managers.

4 Things You Must Consider Before Starting a Company

Strategy Driven

CFS International Formations offer a trademark search on their website for those interested in offshore company formation. Starting a company will never be easy, especially if you are new to the business scene. There are several aspects to consider before beginning which can make things easier from the start. Have a solid idea, but know you may have to bend this to fit obstacles that come your way and you have the right mindset to begin.

Oil’s Boom-and-Bust Cycle May Be Over. Here’s Why

Harvard Business

Major oil and gas producers are now trying to apply lessons from the shale revolution’s use of cutting-edge technologies to reduce development cycle times and costs for offshore conventional oil projects by about 40-50%. Major players are also optimizing their field development plans by tapping into new production data streams and developing three dimensional digital models of their massive offshore platforms. hbr staff/bettmann/Getty Images.

Why Outsourcing Can Save Your Business

Strategy Driven

By outsourcing or offshoring certain business aspects, a company will be able to learn about the global market, and in time they may even decide to make the move across the globe and open up an office abroad. Outsourcing is the process in which a business will hire a third party to complete tasks that they do not want to complete themselves.

Sustainable Leadership and Organizations: The Ideas of Martin Seligman

Michael Lee Stallard

These executives, bankers and hedge fund managers who took over the once proud manufacturing industry in America and broke it up, outsourced the work or shipped entire factories offshore for obscene profits while destroying the lives of millions of employees don’t need happy coaches.

World Business Forum – Day 1 Recap | N2Growth Blog

N2Growth Blog

Following are a few of the thoughts David shared in closing out Day 1: Start-ups begin here, but are scaling offshore.

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The Downside of Best Practices | N2Growth Blog

N2Growth Blog

Moreover if they decide to develop the application should this be done internally with existing staff, or outsourced, and if outsourced will it be done domestically or offshore and who will manage the process.

Blog 243

How the U.S. Can Rebuild Its Capacity to Innovate

Harvard Business

by looking back to the original offshoring frenzy which started with consumer electronics in the 1960s. firms took offshoring a step further and began contracting design and product development activities overseas around the turn of the millennium when China joined the World Trade Organization and Asian producers started investing in major capacity improvements. While few SMMs entertain offshoring strategies, they do, increasingly, compete globally.

The Flow of U.S. Manufacturing Jobs Now Goes Both Ways

Harvard Business Review

continues to lose manufacturing jobs to offshore plants, but those losses are now being offset by inflows. Over the past four years, companies have created more than 80,000 manufacturing jobs in the U.S. by moving production to America from abroad, according to a Wall Street Journal report that cites figures from the nonprofit Reshoring Initiative. The U.S.

Lifelong Learning Is Good for Your Health, Your Wallet, and Your Social Life

Harvard Business

Trends including AI, robotics, and offshoring mean constant shifts in the nature of work. In 2015 Doreetha Daniels received her associate degree in social sciences from College of the Canyons, in Santa Clarita, California. But Daniels wasn’t a typical student: She was 99 years old.

Wind Turbines Could Take the Punch Out of Hurricanes

Harvard Business Review

Large arrays of offshore wind turbines, although expensive to build, could take enough energy out of the wind to break the “feedback loop” of wind speed and wave heights that makes hurricanes so destructive, the scientists say.

European Tax Avoiders Stay One Step Ahead of Authorities

Harvard Business Review

Swiss bank deposits owned by EU residents declined by 30% to 40% relative to other Swiss bank deposits in the two quarters immediately before and after the tax was introduced, with much of the money going to accounts in offshore centers such as Panama and Macau, Johannesen says.

Move Your Analytics Operation from Artisanal to Autonomous

Harvard Business

Using traditional human-crafted modeling, the company once employed 35 offshore statisticians to generate 150 propensity models a year. Many organizations today are wondering how to get into machine learning, and what it means for their existing analytics operation. There are many different types of machine learning, and a variety of definitions of the term.

Why IoT Analytics Are a Manufacturer’s Most Important Tool - SPONSOR CONTENT FROM COGNIZANT

Harvard Business

Ideal uses might also include applications that require a great deal of bandwidth—such as smart lighting, parking spaces, and offshore oil rigs. The increasing adoption of the Internet of Things (IoT) is presenting manufacturers with tremendous business opportunities.