ISSN : 2663-2187

Optimizing Organizational Effectiveness in Biological Sciences Through Outsourcing Management Accounting Functions

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S. Sasirekha, Goutham. S, Priyanka.A, Subash. S K, Mohana Priya. D, Balasubhaharini. B, Sabith. H
» doi: 10.33472/AFJBS.6.6.2024.2160-2168

Abstract

This study explores the complex relationship between organisational success and global outsourcing, providing insightful insights into the motivations and workings of this strategy. It also examines the nuanced impacts of global outsourcing on an organisation’s effectiveness, considering factors like operational agility, market expansion, and cost reduction. This explains the role that accounting outsourcing plays in boosting organisational effectiveness in the face of possibilities and difficulties posed by the global business environment by fusing academic frameworks with practical skills. Furthermore, in the context of globalisation, the practice of global outsourcing has piqued the interest of scholars and practitioners everywhere. Multinational corporations are increasingly turning to outsourcing as a tactic to save costs, boost competitiveness, and please investors. However, companies must comprehend how outsourcing fits into their organisational structure and the dynamics of the global market before beginning any outsourcing operations. Through descriptive study, 150 samples in total were collected. To examine the degree of SMEs' involvement in accounting outsourcing procedures, the data were analysed using statistical techniques such as Two-way Annova and correlation analysis. The findings offer insightful information about the scope and makeup of SMEs' accounting outsourcing activities, highlighting both the possible obstacles and advantages that these companies may face when utilising outsourcing tactics to boost their competitiveness in the world market.

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