My-Corp, Inc.: Ethical implications of offshoring from the view of the Financial Manager
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business strategy
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date published 09/10/2007
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SummaryNot 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.
Table of Contents
- Not long ago, offshoring was uncommon for companies. Today, however, it is becoming a more commonplace practice:
- Offshoring provides several distinct advantages to US businesses and consumers; chiefly, the lower overhead that results in reduced prices across the board.
- Many other companies have used offshoring before.
- Clearly, My-Corp, Inc. stands to save substantial sums by offshoring.
- Other positive aspects of offshoring to the company would be simplicity, asset protection and anonymity.
- Not everything is positive about offshoring.
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