Product Liability Suit against British Petroleum

Presentation BP is a worldwide enterprise whose principle exercises remember investigation and exchanging for oil and gas. BP is the third biggest organization in the vitality area on the planet and sixth in the general class. The organization is engaged with a few exercises inside the vitality division particularly investigation of gas and oil, processing plant and circulation of the equivalent, age of intensity and in retailing of gas and oil products.Advertising We will compose a custom exploration paper test on Product Liability Suit against British Petroleum explicitly for you for just $16.05 $11/page Learn More BP has likewise made significant steps in the sustainable power source segment particularly in bio-fills, wind force, hydrogen and sunlight based vitality. The parent organization has its worldwide headquarter in London. There have been a few suits brought against BP because of their careless and exploitative conduct which put the two individuals and condition in danger. BP has had many negative episodes which have marked its social obligation picture far and wide. A portion of these mix-ups have had serious natural effects and have influenced the vocations of a few people. There is by all accounts a culture of exemption inside the company’s top officials since a portion of its errors continue happening over and over. Obviously the organization has wound up on the negative side of a few item risk suits because of mishaps in its site and the utilization of a portion of its items. These suits have been brought by individuals, organizations and gatherings who have been harmed during these mishaps and are requesting equity and revenge for the activities or absence of them with respect to BP. Item Liability Suit against BP There have been a few item obligation suits against BP over the world because of mishaps and damage from utilizing a portion of its items. Be that as it may, this paper considers the ongoing and progressing prosecution against BP because of the antagonistic impact occasioned by the oil slick at the Gulf of Mexico. Late disclosures by the Orlando Sentinel have uncovered a condemning truth with respect to BP that the structures they utilized in the profound water rig were not the best for that specific reason and area. Considerably all the more alarming is the allegation by the sentinel that this specific plan was improper as well as imperfect. This end was shown up at through a few meetings with engineers.Advertising Looking for research paper on business corporate law? We should check whether we can support you! Get your first paper with 15% OFF Learn More This uncovered the way that BP decided to utilize a structure which was less expensive and questionable. Notwithstanding the pre-owned plan, there were a few mechanical bungles which ought to have been a sign of conceivable emergency. Oil experts have singled out the Gulf of Mexico as one of the spots where boring is difficult and in this way requires m ore secure and dependable penetrating strategies. BP obviously overlooked this pool of extraordinary exhortation and decided to put cost cutting before human wellbeing and ecological concerns. The subsequent spill, one of the biggest ever, has risked BP of fire and is confronting a few item obligation suits from influenced individuals and organizations. Because of the numerous item risk suits recorded against BP, the offended party attorneys have chosen to utilize a case procedure called multidistrict case (Ashby, 2010). This arrangement of suit has been utilized a few times in the US in significant case against significant organizations. This permits all bodies of evidence brought against a solitary organization to be brought to one court and be heard by one appointed authority with the end goal of productivity. The significant advantages are efficient components like sharing testimonies and pooling assets during the time spent proof assortment. This thusly diminishes asset wastage in situations where attorneys would need to contend the equivalent in various courts. BP as of late needed to pay a few millions because of a comparable issue in Alaska and it’s almost certain that they will be requested to do so again after the fruition of this item obligation suits. Relief against item risk suits and different emergency Six sigma examinations ought to have affected BPs the board in utilizing the correct framework from the beginning or transforming it when framework and upkeep issues began happening. They ought to have utilized the information gathered in this remote ocean rig and in different destinations to compute the conceivable hazard and authorize the correct relief measures. Be that as it may, they excused most thoughts realized by eminent specialists in the field, something which repudiated the sigma approach (Meredith Schafer, 2010). They additionally neglected to set up exclusive requirements in building the apparatus and henceforth the low norms may have caused the blast and the acceleration of the emergency. The circumstances and logical results belief system can be seen grinding away during this emergency where BP’s defective plan and their reluctance to listen turned into the reason for both the debacle and the incredible degree to which it influenced the general condition. Obviously, had they being sensible from the beginning, they would have forestalled the ebb and flow cost of review and the ensuing item risk suits.Advertising We will compose a custom exploration paper test on Product Liability Suit against British Petroleum explicitly for you for just $16.05 $11/page Learn More Crisis the executives has picked up criticalness as of late because of the capacity of single emergency to dissolve the advantages accumulated after some time by a firm and cause death toll and income. In any case, the ramifications of an emergency may frequent an association similar to the instance of BP for quite a while to come. BP h as demonstrated that the expense of an emergency is momentous and the expense of change is consistently monstrous. One of the dangers that face organizations during times of emergency is item risk cases. There is no preferable model over BP’s late verifiable settlement of an item risk case. The outcome isn't simply paying out huge settlement or harms however the expense of initiating a PR battle to reconstruct the company’s picture. It isn't generally conceivable to foresee the event of an emergency and the resultant misfortune that follows, however it is conceivable to relieve that likelihood. This would guarantee that should they happen, the degree to which they influence the association and those around the influenced regions won’t be as uncommon if no measures had been taken. It is no big surprise that many feel that BP ought to be rebuffed brutally for its numerous bumbles that cost lives and serious harm to nature. Most academicians accept that there exist enough motions toward foresee the conceivable event of disaster and disregarding them until it’s past the point of no return establishes carelessness. It is just charge then that organizations who inability to do so ought to be considered responsible and be made to pay for the expense of fix and repay the influenced people. Insofar as organizations keep on overlooking alleviation by making solid emergency supervisory crews, at that point item obligation suits will are digging in for the long haul. End This paper shows plainly that the direct of BP was flippant and ought to be considered responsible for the death toll and the calamitous harm to the earth. In spite of the fact that the organization has vowed billions in restoration exertion, it isn't sufficient for the individuals who have lost an employment because of the oil slick. It is not yet clear whether the courts will decide for the few plaintiff’s who have documented an item obligation class suit against BP. H owever, by all signs, it is unfair to manage in any case despite such gross wrongdoing and carelessness with respect to BP.Advertising Searching for research paper on business corporate law? We should check whether we can support you! Get your first paper with 15% OFF Find out More References Ashby, J. (2010, September 13). As BP Suits Take Off, a Hard Look at the ‘MDL’ Process. Money Street Journal. Recovered from https://blogs.wsj.com/law/2010/09/13/as-bp-suits-remove a-hard-take a gander at-the-mdl-process/Meredith, J. Shafer, S. (2010). Tasks Management for MBAs, fourth Ed. John Wiley Sons. This examination paper on Product Liability Suit against British Petroleum was composed and put together by client TheFury to help you with your own examinations. You are allowed to utilize it for examination and reference purposes so as to compose your own paper; nonetheless, you should refer to it in like manner. You can give your paper here.

Frequency Distribution Assignment Example | Topics and Well Written Essays - 250 words

Recurrence Distribution - Assignment Example A venture should be quantifiable and along these lines recurrence appropriation helps in surveying the recurrence dispersion. During the time spent estimating the work yield of various individuals we could utilize mean and relationship to get the correct figures (Meredith,â 2011). Recurrence appropriations takes into account estimating of explicit outcomes for various individuals inside a venture. We could utilization of means and connection investigation for the motivations behind examining the yield of various representatives in an organization. Numerous ventures are arranged with timetables in the examination of recurrence disseminations. Therefore, recurrence dispersion takes into account the examination of time taken by various representatives in attempted their occupations even in instances of individuals undertaking a similar activity (Meredith,â 2011). Venture the executives includes undertaking different employments and obligations during the time spent achieving certain errands that are important and thusly, we could utilize recurrence dispersions. Diagrams and tables demonstrate uniqueness to detail on various measures attempted by various workers

Prospects of Islamic Banking Free Essays

string(54) fund works in consistence with the Shariah law. Writings Articles Cases Internet References 3 Acknowledgment I might want to advance my most extreme appreciation to various individuals, for their liberal co-activity and help, over the span of setting up this monograph. Mr Howard Johnson for checking on my proposition plan, Professor Bob Lee for his significant understanding on Chapters 1-5 lastly Dr Paul Scaffolds and Dr Simon Norton for their illuminating perspectives on a few issues. I devote my endeavors to ‘Bhaijan’, who has consistently been the motivation and my guide for a mind-blowing duration. We will compose a custom exposition test on Possibilities of Islamic Banking or then again any comparable point just for you Request Now 4 Preface At present occasions, it would not be wrong to express that Muslims the world over face the difficulty that their religion, Islam, disallows enthusiasm for severe terms and targets setting up an economy that isn't just liberated from all structures and sorts of intrigue, yet in addition from anything that looks to some extent like it. The advanced economy is vigorously put together and dependent with respect to intrigue and it is difficult to visualize any arrangement of monetary relations where intrigue doesn't have an impact, regardless of whether legitimately or by implication. Settling the previously mentioned inconsistency is by all accounts a test that Muslim erudite people, investors, industrialists, agents, strategy producers and normal customers face. More or less, this monograph looks to give an examination of the functions and practices of Islamic financial industry and the items it offers; covering legitimate, political, social and monetary issues as they identify with it. Section 1 initiates by giving a reason to the Islamic banking and delineating its recorded excursion, and finishes with a conversation on the riba and its denial in Islam. Part 2 arrangements with the methods of Islamic money, which unquestionably requires a point by point study, as it is these items that structure the foundation of the whole Islamic financial industry. Shariah statutes are likewise presented at this stage (and are examined all through this monograph), as they help the procedure of cognizance. This section would likewise serve to present a conversation on Islamic Project Finance, managed inside the accompanying part. Section 3 arrangements with Islamic Project Finance by and by, focussing on the lawful and other monetary issues as they identify with Shariah-Related Documentation, Construction and Lease Financing and Islamic Bonds. Section 4 comprises of two contextual investigations, featuring the Common law advancements in Shariah law, as it identifies with the Islamic financial industry. Two ongoing decisions (one from UK and another from Pakistan) are explicitly scrutinized, mirroring the position that the legal executive in the two nations have received towards Islamic statutes, its understanding and application. Section 5 raises issues identifying with organizing and offering of Shariah-Compliant venture items. Specifically, focussing on the job of budgetary establishments, subsidize advertisers and Shariah consultants. The section finishes up by giving a similar examination on the lawful issues connected to the showcasing of Islamic speculation items in various locales. Section 6 gives a knowledge to the administrative and administrative acts of Islamic banking in different nations. Impediments looked by the Islamic financial industry in their advancement as respects their set up in premium based financial locales is additionally tended to, which is enhanced by a contextual analysis on the administrative issues of Islamic banks in India. 5 Chapter 7 is intended to be general, and quickly talks about the exercises that Conventional and Islamic banks can gain from one another, tending to issues, for example, the impact of innovation move and the Bank-Client relationship, which would eventually prompt the advancement of each other. Part 8 finishes up this monograph. It finds out the benefits of presenting Islamic banking universally. Changes and recommendations for the Islamic banks are additionally affixed to this section, together with a couple of indisputable comments regarding the matter. It is tried that this work will be a positive commitment regarding the matter of Islamic banking and its practices. Recommendations and reactions are exclusively planned to upgrade the advancement of this generally beginning financial industry, which has without a doubt given significant indications of progress. 6 Glossary of Arabic Terms This area clarifies a portion of the Arabic words and terms, the majority of them showing up in this investigation, though others may identify with them and would along these lines bear some significance with the peruser. Allah is Arabic for God. Fatawa (solitary. Fatwa) are lawful choices or feelings rendered by a certified strict pioneer (mufti). Fiqh is Islamic Jurisprudence, the study of strict law, which is the understanding of the consecrated Law, Shariah. Gharar is vulnerability, theory. Hadith (plural. ahadith) is the specialized term for the source identified with the Sunna; the colloquialisms and doings-of the Prophet Mohammed (pbuh), his customs. Halal methods allowed by the Shariah. Haram implies illegal as indicated by the Shariah. Jualah is the specified value (commission) for playing out any help. Maysir mean betting, from a pre-Islamic round of danger. Muslim is on who purports the confidence of Islam or is destined to a Muslim family. Qard Hasan is a big-hearted credit (intrigue free). Qiyas implies analogical derivation. Quran is the Holy book, the uncovered expression of God, trailed by all Muslims. Riba is actually overabundance or increment, and spreads both intrigue and usury. Shariah is Islamic strict law gotten from the Holy Quran and the Sunna Shirka (or Sharika) is a general public or organization. Surah is a part of the Holy Quran. Takaful alludes to shared help, which is the premise of the idea of protection or solidarity among Muslims. Umma implies the network; the group of Muslims. Waqf is a trust or devout establishment. Zakat is a strict duty or almsgiving as required in the Holy Quran and is one of the Islam’s five columns. (Graciousness: Lewis Algaoud, Islamic Banking, Edward Elgar, 2001, Glossary, x, xi. ) 7 Chapter 1 Introduction and the Basis of Islamic Banking A. Justification from an Islamic point of view It is contended by defenders of the Islamic financial that in today’s world, the monetary framework that depends on intrigue has brought about packing the riches in the hands of chosen not many, making restraining infrastructures and further extending the hole between the wealthy and poor people. Islamic money works in consistence with the Shariah law. You read Possibilities of Islamic Banking in classification Paper models Islam isn't hostile to business (the Prophet Mohammad was himself a vendor). As opposed to the cutting edge Western standards and reasoning, Islam supports flow of riches and thinks about its job as essential to an economy. As Dr Usmani notes in his book, â€Å"just as coagulating of blood deadens human body, centralization of riches incapacitates economy. The way that, today ten most extravagant men on the planet have more riches than forty-eight least fortunate nations of the world is depended by the supporters of the Islamic banking as a demonstration of the way that the current prudent set up is treacherous and has neglected to convey the riches proportionately, in this manner prompting the ruin of mankind. 1 On thinking about the directives of the Holy Quran, it is evident that the arrangement of conveyance of riches set somewhere near Islam imagines three articles, to be specific: (a) The foundation of a practicable arrangement of economy. (b) Enabling each one to get, what is legitimately because of them. c) Eradicating the convergence of riches. The conventional idea of Muslims that Islam is a one of a kind lifestyle unmistakable from every single other ism and belief systems stretches out to the monetary existence of the Muslims (Umma). During the time spent reshaping the economy, the regions of cash, banking and speculation are viewed as very crucial to the procedure of Islamisation of the economy. The Islamic accentuation on co-activity as the key idea in monetary life has prompted dependence on benefit sharing and cooperation as the elective bases for banking and interests in the Islamic structure. The idea of Islamic banking is viewed as one of only a handful scarcely any unique and inventive Islamic thoughts that have been effectively attempted as of late. In the not very far off past, the whole financial framework in every single Muslim nation was structured on the Western financial model; the last being conflicting with Islamic law principally because of the objection to Riba (I. e. enthusiasm) for Islam. At the end of the day, the disposal of Riba 1 Meezan Bank’s Guide to Islamic Banking by Dr Muhammad Imran Ashraf Usmani, Preface, page 7, Darul-Ishaat, 2002. 2 Issues in Islamic Banking, Selected Papers by M. N. Siddiqi, page 9, Preface, 1983. 8 from monetary exchanges is the raison d’etre of Islamic Banking3. Endeavors to abstain from managing in premium prompted the presentation of a non-premium based financial framework, usually named as â€Å"Islamic banking†. McDowall takes note of that Islamic banking not just offers types of assistance that are agreeable as far as the Muslim confidence, yet through the principal idea of benefit and misfortune imparting to their clients, convey a profoundly moral recommendation to Conventional banking. As Islamic financial offers administrations to its clients liberated from intrigue, any managing or exchange that includes intrigue is viewed as mistaken and therefore illegal. In fact, riba alludes to the expansion in the chief measure of a credit, which the bank gets from the borrower. This purposely disentangled image of the genuine complex situation is something I will come back to in the accompanying section in detail. B. History The Islamic monetary framework has a centuries-old history, as confirmed by Chapra and Khan (2000): From the beginning period in Islamic history, Muslims had the option to set up a budgetary framework without enthusiasm for assembling assets to fund gainful act

An Interview with

   Author, blogger, small business consultant, and homeschool speaker Judy Sarden has a heart for homeschooling families. Out of this love she has written a book called Sarden’s Practical Guide: How to Start Homeschooling. In between her speaking engagements, we recently had the opportunity to interview Judy, and she shared a little about her background and how her family entered the homeschooling world. Read on to learn more about Judy.    Tell us a little bit about yourself. How long have you been homeschooling? What led you to choose a homeschooling lifestyle? I am going on my seventh year of homeschooling. I was a corporate attorney for nearly twenty years before coming home to homeschool my children. I am currently an author and national speaker on education topics. Homeschooling had never been in my vocabulary before—I was actually planning to send my children to private school. But once I started doing research on school curriculum, school socialization, and other aspects of school life, I knew that my son would not be a good fit. Homeschooling allows me to take both children as quickly or as slowly through material as they need to go. And with the kids heavily involved in sports, homeschooling provides them with time to play and just be kids.    When you speak at homeschool conventions, what topics do you enjoy sharing the most? I speak about life skills, using the Socratic method to teach kids to think, working while homeschooling, and the challenges facing African American homeschooling families. But I love talking to new homeschooling parents or parents who are thinking about homeschooling. People who are even considering taking on their children’s education are so brave! Making the decision is truly an exercise in love and sacrifice. But it can be terrifying because most of us were not trained to be educators. Helping those parents walk through their fears and answering questions is my passion.    How did you discover IEW? What led you to use IEW in your homeschool? Several moms had recommended IEW to me over the years. Whenever I would discuss my challenges with teaching my son how to write, at least one mom in the group would highly recommend IEW. So after several false starts using a variety of programs, I spoke with an IEW consultant at a homeschool convention and decided to make the investment. I was initially put off by what appeared to be a high initial investment but, considering how much I had spent on several programs that didn’t work, I bit the bullet. And it ended up being one of the best investments in my homeschool.    How do you implement IEW in your homeschool? Is there one particular IEW curriculum you really love? If so, which one? I have purchased Teaching Writing: Structure and Style and two theme books, Bible Heroes and All Things Fun and Fascinating (I reviewed these on my blog). I started with the Bible Heroes theme book when my children were in early elementary. After watching each unit of the TWSS, I would then do that unit in the theme book. Using the theme book helped me to understand how the program is supposed to work so that I could then apply the principles to other writing assignments. I purchased the All Things Fun and Fascinating theme book when my oldest started fifth grade. This gave me a refresher in the details of implementing the program and also gave me an open-and-go vehicle for writing assignments for those weeks that I didn’t have the time, energy, or creativity to come up with an independent writing assignment.    We see you’ve written a book on homeschooling called Sarden’s Practical Guide: How to Start Homeschooling. Tell us a little bit about that. My book is geared toward the parent who is looking to start homeschooling and has no idea where to begin and also toward the parent who needs to reboot their homeschool. I’ve written it to help the parent who has several months to plan, and I also speak to the parent who has to pull their kids out of school immediately, without time to plan. I’ve written it to be an easy read that walks parents through each step they need to take in order to get up and running. This is not a theoretical book—it offers practical â€Å"do this next† guidance to homeschool parents. It helps parents think through scheduling, the type of homeschool they want, working while homeschooling, de-schooling and other helpful topics. My intention is that it answers questions that I had when I was first thinking about homeschooling.    We hope you enjoyed learning more about Judy and her experiences with utilizing IEW. To learn even more about her, check out her blog, thesardens.com.

Hotel and Motel Beginner English Language Practice

Make sure to understand the use of the verb like when checking-in to a hotel, as well as how to ask polite questions with the modal verbs can and may. Understanding vocabulary related to travel will help you communicate when you are in a motel or a hotel. Getting a Room for the Night Desk clerk: Good evening. Can I help you?Guest: Yes, please. Id like a room for the night.Desk clerk:  Would you like a single room, or a double room?Guest:  A single room, please. How much is the room?Desk clerk:  Its $55 per night.Guest:  Can I pay by credit card?Desk clerk:  Certainly. We take Visa, Master Card and American Express. Could you fill in this form, please?Guest:  Do you need my passport number?Desk clerk:  No, just an address and your signature.Guest:  Ã‚  (fills out the form) Here you are.Desk clerk:  Heres your key. Your room number is 212.Guest:  Thank you.Desk clerk:  Thank you. If you need anything, dial 0 for the reception area. Have a good stay! Key Vocabulary Can I help you?Id like a roomSingle, double roomCan I pay by credit card?Fill in this formPassport numberRoom numberReceptionWhere is the...ElevatorLobbyIs breakfast included?Do you offer room service?

Conflict Theory Of The Criminology Field - 946 Words

Writing Assignment # IV Conflict Theory Experts in the criminology field have searched for ways to comprehend criminal behavior by establishing specific theories. One of the most interesting theories is certainly the Conflict theory. Although, some criminologists refer to conflict theory as radical theory; there are a few differences that will be mentioned subsequently in this paper by defining both theories. It is also important to mention a summary containing a combination of the radical and conflict theory principles. The relevance and applicability of this specific theories will also be discussed as it is essential for the continuation of same. Having a clear understanding of the conflict and radical theories roots as well as its development enhances the view of how the current criminal justice system operates. Evidently and unfortunately, it seems that parts of the criminal justice system practices were created to benefit somehow the powerful richer people. First of all, conflict theory is derived from Max Weber and Georg Simmel, German sociologists who initiated this idea of how the upper class affects in a negative way the lower class. In other words, conflict theory can be defined as the â€Å"inequality based on differences in wealth, status, ideas, religious beliefs, and so forth† (Lanier, Henry, Anastasia, 2015, p. 245). These inequalities are the reason causing many conflicts between the rich and the poor in a disproportionate divided society. The termShow MoreRelatedA Comparative Study of the Field Criminal Justice and Criminology1314 Words   |  6 PagesA Comparative Study of the Fields Criminal Justice and Criminology Javier Landa-Miranda Ivy Tech Community College CRIM 101 What is Criminal Justice and what is Criminology? They are the same? Those are the questions that people ask their selves when they talk about those fields. 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Criminology is the scientific approach to studying criminal behavior. {Larry Siegel, Criminology Theories, patterns amp; Typologies, 2004.} In studying criminal behavior scientist have categorized the periodRead MoreExamining Theory Paper1219 Words   |  5 Pages Examining Theory Paper Criminology—CJA/314 December 20, 2012 Sandra Janics Introduction There are many theories in the field of criminology that seek to explain the reasons behind why people commit crimes. Social process theory is one such theory and asserts that criminal behavior is learned through interactions with others (Schmalleger, 2012). There are four types of social process theories including: social learning theory, social control theory, labeling theory, and dramaturgical perspectiveRead MoreSocial Learning Theory And Social Theory1133 Words   |  5 PagesThere are many theories in the field of criminology that seek to explain the reasons behind why people commit crimes. Social process theory is one such theory and asserts that criminal behavior is learned through interactions with others (Schmalleger, 2012). There are four types of social process theories including: social learning theory, social control theory, labeling theory, and dramaturgical perspective. This paper will explore two of the theories including social learning theory and social control

Concept of Business Communication Outsourcing

Question: Discuss about the Concept of Business Communication Outsourcing. Answer: Introduction This study is based on the particular case study of an accounting firm, where the employees have some confusion and disagreements regarding the usefulness of outsourcing. In order to solve the disagreements among the employees, this study is going to discuss on the concept of outsourcing. At the same time, in order analyze the usefulness of outsourcing critically in present business context, the study also focuses on the benefits and limitations of outsourcing. At last, the study suggests some communication strategies that the accounting firm can adopt to implement the outsourcing. Discussing on the concept of Outsourcing McIvor (2016) has defined outsourcing as a way or technique that the business organizations adopt in order to operate the business activities through the third-party intervention. In current scenario, the business world is much complex. In this complex business world, it is very problematic for the managements of the companies focusing on the improvements of their core competencies. Gerbl et al. (2016) mentioned that presently, the business organizations are getting attracted towards outsourcing so that they can outsource the less critical business activities and can concentrate on the improvements of their core competencies. Therefore, in the other words, it can be said that outsourcing is the way of achieving the business expertise, improve service quality and reducing cost level by sharing the functions of the business with the third party through advanced technology. In the words of Mandal (2016), outsourcing is a business practice that helps the companies controlling their costs level by transferring few portions of their business activities to the outsiders rather than performing the business activities internally. According to Mann and Graham (2016), outsourcing is the cost-saving strategy that effectively improves the performance quality of the business. At current business scenario, many service providing companies especially the financial or accounting service proving companies are using the outsourcing technique to improve their service quality (Khan and Fitzgerald 2016). The percentage of the finance and accounting companies using the business outsource techniques is increasing. Identifying the benefits of outsourcing In the above discussion, it has been identified that the use of outsourcing strategies is increasing at current business scenario. Cui (2016) has suggested that the use of outsourcing is increasing because of the benefits that the business organizations get from outsourcing. In case of this particular accounting firm, the management of the company may gain the following benefits by implementing the outsourcing technique: Benefit of wage arbitrage Outsourcing can provide the wage arbitrage benefit to the companies. The wage arbitrage helps the companies reducing the level of overall costs (Liu, Wang and Huang 2017). For example, MphasiS Corporation, India has gained the wage arbitrage benefit by outsourcing their service to different locations in India, Australia and China. Benefit of tax-saving The outsourcing helps the companies gain the tax saving facility. The companies may get tax holiday facility or tax exemptions by applying the outsourcing business technique (Cpaaustralia.com.au 2017). Benefits of expertise labor The companies get the expertise labor through business outsourcing. For example, PwC, one of the largest audit firms, outsources its business in different countries in the world and recruit the skilled and knowledgeable personnel. The skilled and knowledgeable personnel help the company improving its service quality (Caratti, Perrin and Scully 2016). Benefit of focusing on the core activities The companies can easily focus on their core business activities through outsourcing (Hglund and Sundvik 2016). In case of outsourcing, the companies transfer some portion of the business activities to the third party and this provides the scope of focusing on the core activities of the business. This ultimately helps improving the quality of the service (Kotlarsky, Oshri and Willcocks 2016). For example, the big 4 audit firms in the international market that are PwC, Deloitte, Ernst and Young and KPMG have improved and maintained the quality of their core services through outsourcing. Therefore, from the above discussion, it can be said that the accounting firm can get several benefits through business outsourcing. The main factor is that the service quality of the firm will be improved, which will bring more customer satisfaction (Dhyne and Duprez 2016). If the company becomes able satisfying its customers in a better way, then it can be expected that the revenue of the company will increase. Apart from the above-mentioned benefits, the accounting firm can get many other benefits like, solving the problem of skilled labor shortage, access to the new markets and increasing speed to the existing market. Identifying the limitation of outsourcing The discussion in the above has indicated the benefits of business outsourcing. However, Hglund and Sundvik (2016) has stated about some of the limitations of business outsourcing. The major limitations of busies s outsourcing are as follows: Lack of customers acceptance Sometimes, the products and services of the companies are not properly accepted by the customers in different places, where the companies have outsourced their businesses. Due to the differences in language and culture, this particular problem or limitation takes place (Liu, Wang and Huang 2017). Political instability Another limitation of outsourcing is political instability in the areas or places, where the business is outsourced. If the political instability takes place, then the activities of the business, which are outsourced, get affected (Kotlarsky, Oshri and Willcocks 2016). It ultimately affects the overall performance of the business. Issue of government control There are many areas, where the control of the government is much high. In this case, strict governments control, it becomes very difficult for the companies outsourcing their business activities. Excessive rules and regulations of the government increase the business complexities (Dhyne and Duprez 2016). Lacks of support from employees Sometimes problems take place due to the misunderstandings between the employees of the company at the primary location and at the outsourced location. This problem also takes place due to the cultural differences (Khan and Fitzgerald 2016). Recommending the proper communication strategy for bringing the change In the above discussion, it has been identified that there are many advantages or benefits and limitations of business outsourcing. However, in order to implement the outsourcing strategy, the management of this particular accounting firm requires communicating the employees about the importance of outsourcing at current scenario (Mann and Graham 2016). The management of the company can communicate this by taking proper strategies of communication. The accounting firm can implement the following communication strategies: The management must communicate with the employees face to face verbally. Verbal communication will be suitable because this will help the employees express their views clearly in front of the management. Before stating about the business outsourcing or the benefits of business outsourcing, the management of the company requires describing the current business situation of the company to the employees. At the same time, the management also needs to clearly state how the business outsourcing can help this company improving its current service quality. The management can arrange for the meeting for discussing about the importance of outsourcing for this particular company. At the same time, the company can also ask the employees about their views regarding the business outsourcing after conveying the benefits of the same. The management of the company also requires arranging for a training session in order to train the employees regarding the business outsourcing. This will help the employees understanding how the process of business outsourcing works in business organization. Therefore, from the above discussion, it can be said that in order to communicate the employees about the business outsourcing at the accounting firm, the management of the company requires conducting verbal face-to-face communication. This must be done by arranging a meeting, where the employees will not only know the benefits and limitations of business outsourcing but they will also provide their ideas and views regarding business outsourcing. Conclusion In this study, it has been identified that business outsourcing is very popular at the current business scenario. Business outsourcing is a process in which the companies transfer some portions of their business activities to the third party, so that they can concentrate on the core business activities. The study has also identified that many large business organizations especially the service providing companies have implemented the business outsourcing strategy. The study has indicated several benefits of using business outsourcing strategy. Some of the benefits are tax-saving benefit, wage arbitrage benefit, improving the efficiency level of the company and focusing on the core business activities. However, there are also some limitations of business outsourcing that the study has identified and these limitations are lack of customers acceptance, lack of employees co-operation, political instability and high governmental control in the areas where business is outsourced. The study has also suggested the verbal communication strategy for the accounting firm for communicating the employees about the business process outsourcing. The study has suggested the verbal communication because through verbal communication the management of the company can explain the need of business outsourcing to the employees in a better way. Apart from that, the employees can also express their ideas regarding the same matter. 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