Research Proposal on the Impact of Outsourcing on the Performance of Guyana Power and Light Inc (GPL)
Impact of Outsourcing on the Performance of Guyana Power and Light Inc (GPL)
In the industry where the life of the business matters, the corporate leaders are attempting to tend the areas that need attention. Since there is a growing influence in terms of globalization and international competition, the options of the corporate leaders to rescue the business became narrow. The point is the idea of investment and additional capital and minimization of the expenses became the most basic solution in any kind of business, which promises better business activities.
Background and Problem Statement
According to the background of the organization, GPL is a monopolized status for the generation, transmission, and distribution of electricity to customers throughout the country. The three activities (generation, transmission, and distribution) are among its core functions. In an attempt to reduce cost, the company has outsourced the operation and maintenance of it generation plants, the maintenance of the transmission and distribution network and the provision of emergency services. This is a recognized addition to certain commercial services such as the reading of energy meters and lately the marketing of its services. However the company has now come to realize that it may not be getting the expected cost reduction that outsourcing offers, in short it may not be getting value for money. The center of the study pertains to the question, on to what extent has outsourcing enhanced the performance or the impact it delivered to the Guyana Power and Light Inc.
Purpose and Significance of the Research
The purpose of the study is to provide a comprehensive idea regarding the business outsourcing activities in order to gain more advantage. The underpinning principle that lies in the study is to discover the main aim and objectives of the outsourcing in the business. The research study is expected to create a great impact in the business that planning to take the outsourcing as a business option or strategy to support their ongoing business cycle. The study recognized its worth as one of the business references of the business leaders or in education in determining the effective routes towards the success.
Limitations of the Research
The limitations of the study pertain in areas involving the leveraging costs, such as the allowable maintaining costs. The study understands that the option lies in the powerful decisions of the leaders and their settles corporate objectives that can satisfy the long-term business life-cycle.
The growth and influence of the international business became the focus of the business leaders, analysts, business educators, and even the policy makers across the globe. Because of the powerful hand of the globalization, the international activities already drew the various faces of impression in terms of the strategies. The issue of globalization has already intensified the area of competition in international setting and included the international trade and investment issues. In terms of rescuing the future of the business, the business leaders might be running out of options and strategies. The turn for the merging and acquisition became the lame decision because of the recognized disadvantages for both parties. The e-society, as an applied term for the e-commerce, observed that the action should be at level in modifications and strong enough to absorb all the challenges in the transformation process. For such changes, there is a hope to adopt the most desirable option as quickly as possible. In the existence of the challenges and the ability of the organizations to stay competitive, the quest for the alternative sources leads to the business outsourcing. More than the investment, the idea of outsourcing brought the options in delivering the various services such as training, managerial responsibilities, and usually targeting the reduction of the expenses in both overhead and operation. This kind of practice dictates that the organization should stick onto the core functions to serve better in the society.
Operational Definitions of key Research Questions
Assessment – process that can be used in determining the level of knowledge and skills that falls particularly in the workforce that may apply in measuring the performance the employees may create.
Corporate Objectives – all of the decisions and the results generated by both leaders and the employees should be according to what is written or indicated in the corporate objectives.
Standards – in order to keep the employees at pace of the corporate objectives, there should be standards that will hold the employees and align them in contributing for the quality of work.
Training – the kind of managerial or industrial exercise that ensures the improvement in the performance of individuals through applying all the learning he gained under the program.
To help the study identify the essential pieces of information, there are questions that can organize the bountiful ideas into a more appropriate fashion. There are five core questions that will serve as the pillars of information and linked it together.
1) How are outsourcing decisions made?
2) What is/are the basis for outsourcing?
3) What are the expected impacts of outsourcing on the company performance?
4) What are the performances of existing staff with the existences of outsourcing in the workplace?
5) What are the areas that are needed to b improve in terms of business outsourcing and its process?
The most effective method that can be applied in the study is the use of survey and interview. The survey will be allotted to the employees who will answer in a Likert Scale form of questionnaire. The second phase of the method is the interview wherein the participants are the managers coming from various departments. The study will also promote the Practical and Ethical Considerations by paying attention on the secrecy and privacy of all the participants. In addition, in order to occupy the time of the people, the researcher/s will use the effective time management such as scheduling to respect the time of the managers and employees in the organization.
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