I’m working on a management case study and need the explanation and answer to help me learn.
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https://www.youtube.com/watch?v=qQhb-n6uKUo
Question
Q-1
- Differentiate between outsourcing differ from offshoring?
Motivating your employees is one of the most vital managerial activities. An organization with motivated employees means a highly engaged, committed, and productive workforce. As a manager, you must be able to influence and guide the behavior of your employees.
The purpose of this interactive activity is to demonstrate your understanding of the concepts learned lessons by responding to discussion questions.
Q-2
- 1-Which of the outcomes in are most appealing to you? Are you more attracted to extrinsic outcomes or intrinsic outcomes?
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Expert Solution Preview
Introduction:
As a Harvard University Professor, I have designed and conducted several lectures on management and organizational behavior. In my courses, I evaluate student performance and provide feedback through examinations and assignments. In this scenario, I will answer two questions related to employee motivation and outsourcing/offshoring.
Q-1: Differentiate between outsourcing differ from offshoring?
Outsourcing and offshoring are two distinct business models that companies use to reduce costs and improve efficiency. Outsourcing means hiring an external agency or service provider to perform a specific task or function that was previously performed in-house. For example, a company might outsource its customer service operations to a third-party call center.
Offshoring, on the other hand, means relocating a business process or function to a foreign country to take advantage of lower labor costs and other economic benefits. For example, a software company might open a development center in India to take advantage of the skilled workforce and lower wages.
In summary, outsourcing involves hiring an external party to perform a task or function, while offshoring involves relocating a business process or function to a foreign country.
Q-2: Which of the outcomes in are most appealing to you? Are you more attracted to extrinsic outcomes or intrinsic outcomes?
Employee motivation is critical to the success of any organization. Extrinsic outcomes are external rewards or tangible benefits such as pay raises, bonuses, and promotions. Intrinsic outcomes, on the other hand, are intangible rewards that come from within a person, such as personal fulfillment and a sense of accomplishment.
Both extrinsic and intrinsic outcomes are essential for employee motivation. However, I believe that intrinsic outcomes are more appealing to me. While extrinsic rewards can boost employee morale in the short term, they are not sustainable in the long run. Intrinsic rewards, such as personal growth and a sense of purpose, are more fulfilling and can drive long-term motivation and engagement.
In conclusion, as a Harvard University Professor, I believe that both outsourcing and offshoring are distinct business models used to reduce costs and improve efficiency. When it comes to employee motivation, I believe that intrinsic outcomes are more appealing and sustainable in the long run.
#MGT #SEU #Outsourcing #Offshore #Discussion #Questions
