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Managers strive on finding new ways to increase efficiency, reduce costs and raise profits to shareholders, and shareholders love it. Human resources is just one of the business functions that are traditionally outsourced and like human resources, functions like IT, administration, distribution and logistics, finance and others have been known to been outsourced successfully.
Even though "half of the companies in Outsourcing Institute's 2002 annual survey say they wanted to improve the company's focus and reduce operating costs" [1, p257] some authors point that outsourcing "(?) is a decision not to be made only on the basis of economic considerations, since acquisition or loss of core competencies may also be involved" ...
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Common topics in this essay:
- Outsourcing and make-or-buy decisions
- Ethical Decisions ? How do we make the right ones?
- How to Make Decisions Like Our Founding Father
- MotivationHow should organizations make decisions?
- Decision Making Process: Improving Our Ability to Make Decisions
- Critical analysis of the role of individual values in explaining the decisions that managers make concerning key human resource (HR) issues.
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