Right Strategy for the deal of Offshore OutsourcingThursday, January 26, 2006
For successful Offshore Outsourcing, the right strategy and proper planning is a must. Now a day this process is the one which is used most by almost all the companies in all the industries. As the popularity of the process goes on threats are also increasing. Related cost advantage sometimes might make the company face heavy financial losses if proper care and the right strategy is not implemented. As the market is growing very fast more and more issues of the failure come into the picture in Offshore Outsourcing deals.
In Offshore Outsourcing it is not necessary that all the companies who are dealing their business in this way are earning out of it. But the fact is most of the companies are making lost because of this process. Only some of the companies are there who are able to survive in this process and many few companies are there who are making profit out of it. So the myth of every time success in this deal is wrong. But more and more companies are leaving this overseas business process and turning back to the local business. The main reason behind the failure of the companies in Offshore Outsourcing is the improper planning and wrong strategy. Lots of companies are there who are making heavy lose because of the improper planning from their side. Newer challenges are rising in the market as the ratio of the process is increasing. So to avoid all these challenges and pitfalls proper planning along with the right strategy is must for any company in Offshore Outsourcing deal.
As we all know that in Offshore Outsourcing deal two parties involved in are from the different countries and might be known or unknown to each other. It is also possible that the parties might be totally different from what they or on the paper. So to find a proper match for the proper business is also must. Another important aspect is the cultural match with the opposite party. There are no. of excuses in the failure of the deal e.g. improper training to the employees, improper market survey, just to adopt the process for cost cutting advantage, cultural differences and many more are there. So it is necessary to first examine your self and company that if the need of the Offshore Development is required at all or not and than and only go for it rather than to adopt the procedure for the cost saving advantage. Proper survey of the needs of the company is to be measured and than one should find the proper match that suits the requirement of the company the best as a part of the Offshore Outsourcing.
Another important aspect in the process of Offshore Outsourcing is proper communication process. Lack of proper communication can make the company to face unexpected result at the end of the project. So proper and clear communication with the opposite partner as well as with the internal staff is must to avoid the possible risk. So these are some of the tips which can be useful in making overseas deals more effective. All these issues suggest the importance of the right strategy in the process of the Offshore Outsourcing