abhishreshthaa
Abhijeet S
Political factor
As Globoforce offers the recognition industry’s largest selection of local languages and local reward options, it helps customers in overcoming geographic barriers. When choosing China as an outsourcer, it will require government regulatory approval or rely heavily on intellectual property for the operation to prosper. In addition, if there will be competition locally, the Chinese government will be strict in providing business permits. Nevertheless, Asian countries have greater affinity on China which could mean capturing a market share in Asian companies.
Environmental factor
Many companies may view profit as more important than ethical practice and this can lead them to making illegal decisions and this has been a big contribution to many companies going out of business or losing their entire market share to eco-friendly companies. For instance, outsourcing in Malaysia could mean to favor high performance eco-friendly printing solutions.
Social factor
Globoforce’s objective is local relationships and local rewards worldwide. Employees are given the choice for rewards in their own country that are guaranteed to be timely, cost effective and deliver the highest value for the money invested and always relevant to and desired by the recipient. Rewards of choice are high-value, lifestyle choices of name brands, reinforce a positive association with your company, can involve the family for a higher motivational value and can give to others through charity options. One outsourcing obligation that Hong Kong is sustaining is the preservation of client confidentiality. This is applied in accordance with legal liability and accountability to the clients hence when breached, for instance, should faced with punishment.
Technological factor
Globoforce offers the most advanced and robust global employee recognition technology solution in the industry that is built on a dynamic J2EE platform. Singapore is considered as the second largest outsourcing hub. Singapore's ICT professionals face a tremendous challenge directly competing with outsourced resources on highly technical ICT work such as programming. This could mean that when outsourcing IT services from Singapore, Globoforce should engage in critical selection of service providers.
As Globoforce offers the recognition industry’s largest selection of local languages and local reward options, it helps customers in overcoming geographic barriers. When choosing China as an outsourcer, it will require government regulatory approval or rely heavily on intellectual property for the operation to prosper. In addition, if there will be competition locally, the Chinese government will be strict in providing business permits. Nevertheless, Asian countries have greater affinity on China which could mean capturing a market share in Asian companies.
Environmental factor
Many companies may view profit as more important than ethical practice and this can lead them to making illegal decisions and this has been a big contribution to many companies going out of business or losing their entire market share to eco-friendly companies. For instance, outsourcing in Malaysia could mean to favor high performance eco-friendly printing solutions.
Social factor
Globoforce’s objective is local relationships and local rewards worldwide. Employees are given the choice for rewards in their own country that are guaranteed to be timely, cost effective and deliver the highest value for the money invested and always relevant to and desired by the recipient. Rewards of choice are high-value, lifestyle choices of name brands, reinforce a positive association with your company, can involve the family for a higher motivational value and can give to others through charity options. One outsourcing obligation that Hong Kong is sustaining is the preservation of client confidentiality. This is applied in accordance with legal liability and accountability to the clients hence when breached, for instance, should faced with punishment.
Technological factor
Globoforce offers the most advanced and robust global employee recognition technology solution in the industry that is built on a dynamic J2EE platform. Singapore is considered as the second largest outsourcing hub. Singapore's ICT professionals face a tremendous challenge directly competing with outsourced resources on highly technical ICT work such as programming. This could mean that when outsourcing IT services from Singapore, Globoforce should engage in critical selection of service providers.