My-Corp, Inc.: Ethical implications of offshoring from the view of the Financial Manager

Type :

Research papers

Pages :

4 pages

Format :

.doc

Published date :

10/09/2007

Category :

Business & market

Sub category :

Business strategy

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Summary :

Introduction
Advantages of offshoring
1. The lower overhead that results in reduced prices
2. Developing the economy of less wealthy nations
3. Simplicity, asset protection and anonymity
Negative points in offshoring
1. The closing of manufacturing plants in the states and lost jobs
2. The phantom GDP
3. The 2006 annual report of the Pollina Corporate Real Estate
Reputable safety and quality standards
Conclusion
Work cited

Abstract

Not long ago, offshoring was uncommon for companies. Today, however, it is becoming a more commonplace practice: as prices for manufacturing rise in the US; shipping these operations overseas becomes more appealing. If we talk about offshoring we can separate the practice in two distinctive types of offshoring: offshoring Blue Collar Jobs and offshoring White Collar jobs. Blue Collar jobs are basically all jobs which historically have required the person to wear a uniform (which were often blue). A Blue Collar worker is a person working manual labor and is usually paid hourly. Manufacturing Jobs are usually referred to as Blue Collar jobs and can include unskilled or skilled labor. On the other hand White Collar jobs can be any job which is not considered a Blue Collar Job and usually does not include manual labor. White Collar Worker most often receives their income in the form of salary. Examples of White Collar Jobs include Sales, managerial and Clerical Jobs. offshoring can refer to moving jobs to companies already in existence in another country, or can refer to a company building facilities in their own name overseas.