Please, write a discussion post about the Topic/Statement below (500 words) Topic/Statement: An essential issue in international business is determining which components to manufacture in-house and...

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Please, write a discussion post about the Topic/Statement below (500 words) Topic/Statement: An essential issue in international business is determining which components to manufacture in-house and which to outsource to independent suppliers. Is outsourcing a good idea? Explain your answer in a persuasive way. (2 or 3 Citations needed for this discussion post) Citation sources (Please use any of the below citation sources for the initial discussion): Benefits of Outsourcing (2018). Retrieved from: https://www.flatworldsolutions.com/articles/benefits-of-outsourcing.php   O’Brian, B. (12 February 2014). Pros and Cons of Outsourcing your Manufacturing in the International Business Environment. Retrieved from: http://www.tradeready.ca/2014/trade-takeaways/pros-cons-outsourcing-your-manufacturing-international-business/   Brody, Richard G. Mary J. Miller, and Michael J. Rolleri. Outsourcing Income Tax Return to India: Legal, Ethical, and Professional Issues. The CPA Journal. 2009. http://nysscpa.org/cpajournal/2004/1204/perspectives/p12.htm   Lach, Alex. 5 Facts About Overseas Outsourcing, Trend Continues to Grow as American Workers Suffer. Center for American Progress. 2012. http://www.americanprogress.org/issues/labor/news/2012/07/09/11898/5-facts-about-overseas-outsourcing/   Selvaggio, Lisa. Outsourcing Statistics: The Pros and Cons. Udemy/blog. 2014. http://www.udemy.com/blog/outsourcing-statistics/   BDC Entrepreneurs (2014, April 30). The pros and cons of outsourcing your production. Retrieved from http://www.bdc.ca/en/articles-tools/operations/operational-efficiency/pages/outsourcing-pros-cons.aspx/   Belcher, L.M. (2014). Why is outsourcing a good idea? Retrieved from http://www.ehow.com/info_7742862_outsourcing-good-idea.html/   Bram, T. (2012, June 4). Times when outsourcing is a good fit for your company. Retrieved from http://www.investopedia.com/financial-edge/0612/times-when-outsourcing-is-a-good-fit-for-your-company.aspx/   Pyper, Julia. (2014). Elon Musk’s Tesla picks Nevada to host battery gigafactory. Retrieved from Scientific American: http://www.scientificamerican.com/article/elon-musk-s-tesla-picks-nevada-to-host-battery-gigafactory/
Answered Same DayFeb 26, 2021

Answer To: Please, write a discussion post about the Topic/Statement below (500 words) Topic/Statement: An...

Akash answered on Feb 26 2021
142 Votes
Running Head: INTERNATIONAL ECONOMICS    1
INTERNATIONAL ECONOMICS     `    2
INTERNATIONAL ECONOMICS
Table of Contents
Persuasive Discus
sion on “If Outsourcing is a Good Idea in International Business”    3
References    5
Persuasive Discussion on “If Outsourcing is a Good Idea in International Business”
Businesses wanting to operate on a global scale have a number of factors to consider and a number of issues to think about, for the successful execution of processes. One such aspect is manufacturing. As mentioned by Brody, Miller and Rolleri (2004), if an organization aims to establish itself on the world map of trade and business, then it has to consider all the dimensions of executing its business, rather than focusing only on the aspect of sales, promotion or hiring. If it is a product-based organization, then in order to render to it an authentic and customized impression in the market, manufacturing is very important.
However, manufacturing is a complex procedure, which might involve operating huge machineries, inculcation of rarely found raw materials and movement of the finished goods across a wide distribution channel, which includes huge transportation costs (Lach, 2012). Therefore, this brings the companies to think about choosing certain steps in the manufacturing process that they can carry out...
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