May

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Businesses can experience growth in revenue through the use of social networks for business acquisitions, as there appears to be a direct positive correlation between social networking for acquisition and the revenue growth.

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Apr

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Small and medium enterprises (SMEs) are crucial economic drivers for promoting sustainable economic growth amidst a financial crisis. SMEs serve as good breeding grounds for entrepreneurs and contribute largely to providing employment opportunities for the unemployed.

The critical role SMEs play in an unstable, frugal economy has never been more pronounced today, with all agencies from governments to financial institutions identifying it as critical growth areas.

To realize the vital role on economic development, the success of SMEs depends on how efficiently limited resources are managed.

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Mar

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In the book The Black Book of Outsourcing, authors and consultants Brown and Wilson identified what they call the top 10 major sins of outsourcing, that can sideline the success of any enterprise’s outsourcing initiatives.

In order to present a positive bent on these 10 major pitfalls, this piece would re-consider them as bases for the 10 Commandments of Outsourcing.

These are as follows:

1. Obtain commitment from executive management.
2. Develop an outsourcing communications plan.
3. Learn about outsourcing methodologies.
4. Recognize outsourcing business risks.
5. Consult outsourcing professionals
6. Dedicate the best and brightest internal resources.
7. Proceed carefully through each of the outsourcing phases.
8. Recognize the impact of cultural differences.
9. Acknowledge what it will take to ensure vendor productivity.
10. Implement a formal outsourcing governance program.

For today, let’s take a look into the first five commandments.

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Feb

18

Around the world, there are many regions and cities that are involved with the international sourcing industry. Each city and region have their own unique advantages and values.

When a company or enterprise look into outsourcing the business’ services or innovating for solutions to rise above the black, assessing which outsourcing destination would be in the task-list of first things to do.

Selecting an outsourcing location requires due diligence; significant research and evaluation of the various locations competing for your business.

There are a number of considerations.

  1. Timezone and Access to markets
  2. Political and Economic stability
  3. Technology & Infrastructure
  4. Language and Culture
  5. Availability of Qualified Talent

The search for the right outsourcing destination doesn’t end with the selection of the country—you also need to apply many of the same criteria to find the optimal city within that country.

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