Anjali has done MBA in Human Resource Management. She wants to run her own public company manufacturing traditional wears,providing specialised quality products

cbse
emerging-business

#1

Anjali has done MBA in Human Resource Management. She wants to run her own public company manufacturing traditional wears,providing specialised quality products. She lacks financial, marketing expertise and resources, etc to run the enterprise on large scale, profitably:
(i) Suggest her what she can do to take benefit of outside agencies having expertise in such areas.
(ii) Name any two services she can contract out
(iii) Give any two benefits of contracting out the
services.


#2

(i) Anjali can entrust outside agencies to perform required services/processes on contract through outsourcing.
(ii) She can outsource :
(a) Financial services like underwriting securities, registration of share transfers, etc.
(b) Advertising services: To advertisement agency who will develop promotion tools, select media of advertising etc.
(iii) Two benefit which Anjali can diserve from outsourcing are:
(a) She can focus on the core areas of her competence and strength.
(b) Specialisation in business operations will lead to efficiency and economies of scale to her.