The speech is outfitted with a theme that richly complements the line of business and the industry from which online enterprises operate. The body of the speech gives reference to the global thinking of big corporations, particularly in this day and age, in terms of expanding their market as a core strategy to remain competitive and profitable. While multinationals have long adapted offshoring in the set-up of their operations as a cost-reduction strategy, many service companies are just beginning to see the benefits of this system. In support of the “going global” theme, the speech will also give a rundown of the socio and economic developments around the world that have spurred the global expansion phenomenon by multinationals and service companies originating from different parts of the globe. To reinforce the need to offshore, even with start-up online businesses, the benefits of low labor cost inherent with developing countries is thoroughly discussed, apart from the fact that skilled and educated labor can be sourced out from a developing country such as the Philippines.
In the end, the speech will seek to encourage the audience to consider outsourcing their pertinent online functions with Virtual Horizons to save on labor costs and be able to give more time to focus on the marketing side of their business.The CEO or president of an offshoring company will be the most appropriate resource person to deliver the message of the speech below, being an authority on matters of outsourcing and globalization, before an audience composed of presidents and heads of start-up online enterprises in forums such as trade fairs, expositions or a marketing function to launch the business among mainstream clients.Theme: Going Global and the Need to Outsource Direct LaborLadies and Gentlemen,It is a privilege to be given this opportunity to discuss my thoughts with you. You see like most of you here, I also started an online business way back in 2001. Back then, Igor Soshkin of Mimo USA did not yet come up with the search engine optimization concept, that we often exceeded our advertising budgets and we barely had any mark up from the little revenues we earned. I always wondered how we were going to cut back on costs.
I was employing two full time programmers and a secretary. I even had to do my own writing. But in 2002, I chanced upon reading the growing industry of business process outsourcing in India and realized that outsourcing and going global is the way to go to cut back on administrative expenses, particularly direct labor costs. And so, begins my affair of providing SEO outsourcing and other related services to many online enterprises.My dear friends, the 21st century ushered in an era where firms have to go global. First of all, local resources and manpower have dwindled, putting strain on Companies expansion plans; second, the local market has already been saturated with products vying for exclusivity and sale on an otherwise stale business environment. So, to spread their wings and soar to greater heights, companies will need to be in areas where business opportunities abound and the playing field superb in terms of investment and competitiveness.
One of the potential motivations is to deal your business globally. Your business will be able to serve the majority of the world’s population while bridging cultural barriers. There will be inherent risks involved as you venture into uncharted territory because of unfamiliar trade practices. Risks and crises in business is a healthy sign, as John F.
Kennedy once said, in Chinese this is represented by two characters, one is danger and the other is opportunity. So, in business the bigger the crises you may have the better will be the opportunity to rise and gain momentum.As corporations today recognize the need to expand operations on a global scale, formidable theories will be put to test, particularly in the management of resources and manpower which hinder broad development.
The major shift that companies saw as promising is the advances in communications technology such as the Internet that provides CEO’s the thrust to control and manipulate companies anywhere in the globe. Global trade developed rapport among countries that in turn enhance the investment climate to make overseas expansion a feasible strategy.Global investment has driven companies especially those members of the G8 Countries (USA, UK, Russia, and Germany to name some) to manic proportions, due to an almost boundless business prospect. This impetus serves to widen their product distribution and not only quadruple their earnings but delivers the chance for other Countries to grow because of exchange trade, thereby promoting inter-country camaraderie.
The ease from which global communication transpired, has reduced trouble spots worldwide, solving economic woes, aid in disaster relief operations, bridging the gap and making the world a one global nation.Stagnating companies see this business potential as a probable shot in the arm. Although this expansion plan has been in the books for quite some time, it never had its fruition because of a hazy business climate with countries around the globe. With the creation of the World Trade Organization (WTO), the business climate has drastically changed; countries have become closer owing to improved trade relations.
Since countries are now free to indulge in trade with other countries, protectionist regulations have somehow eased, making movement of goods much simpler as long as balanced trade is observed.Fortune 500 Companies have long felt the need to relocate their manufacturing plants as well as pertinent business functions overseas. This move has been aimed to take advantage of low-cost labor and the investment incentives offered through foreign direct investments. And because of these friendly gestures, a growing number of service companies are reverting attention from just operating with their home markets to move towards growth markets that are found across borders. It seems that while global firms have a strong foothold with domestic markets, the prospect for growth is not as promising as it used to be to encourage them to turn to invest in the markets of developing economies where growth prospects are tremendous.With Companies wanting to be globally competitive, problems usually crop-up, particularly over manpower placement, distribution channels and goods delivery. Besides monitoring goods, services and sales is a full-time endeavor that need vital company support that cannot be met because of the wages involved. As remedy, companies hire the services of outsourcing firms to monitor and record daily activities, thereby reducing workload while also providing accurate data.
Besides the lucrative low cost offered by outsourcing firms is much better than otherwise maintaining a full staff.While outsourcing maybe new to the online business community, it is however the mood of development for manufacturing plants particularly the automobile industry. Ever since the first Model T-Ford came out of the Ford Motor Company assembly plants, outsourcing has become a standard in the industry. You cannot expect a car company to manufacture all the parts, some will be supplied by other trades, tires may come from Goodrich, headlights from GE, spark plugs from Champion, shock absorbers from Bosch or DVD from Sony and so on. The same way with business, outsourcing is the name of the game to be competitive.
In the above instances, what is obvious is that companies need to cut back on labor and administrative costs in order to remain competitive and profitable. Outsourcing or offshoring is deemed an effective way to trim down costs while getting the same service quality you get from the direct employment of a full time staff.Without outsourcing, companies will have to hire and train employees and provide each with decent housing, above average salary rates before they can be detailed in their respective areas. So, companies have to shell out a lot before it can attain the service potential it aims to convey. Since this set-up is a big drain to company resources, most seek outsourcing, to firms that specialize in specific functions to reduce company expense and maintain business edge.
The outsourcing firms provide services proven to be beneficial to companies availing of their expertise.But when you outsource, you simply delegate some functions of your online business such as the writing part, link-building and even website development. Our company, Vertical Horizons can provide you agents to help you in such tasks.Many outsourcing and offshoring firms are clustered mainly in Asia. As per industry statistics, Indian outsourcing companies make up for over 30% of the industry.
However, for SEO leasing companies like ours and a number of call center outfits have recently seen the quality of skilled labor available in the Philippines. Our company employs Filipinos who are quite adept at writing and speaking the English language. Apart from that, I highly recommend their skills and dedication that would work well for your online enterprise that allows you to save more on salaries and wages given the low cost of labor in said country.My dear friends, multinationals have long taken advantage of the benefits of offshoring, isn’t it about time you outsource as well? Going global will not cost you more than what you are paying for now, our outsourcing capability will help you get started with your online business. I tell you and also from the many satisfied clients we have that outsourcing will really work for you.