itservicesindevelopingnations.doc

IT Services in Developing Nations Stephanie Schmitt Aarti Dinesh Vijay Gummadi Mark Tegtmeyer Executive Summary Information technology has become the driving force within the current economy. Every business function and form of communication is handled through a constantly changing IT environment. Previously, only large, industrialized countries reaped any type of major benefit from conducting business with other countries. Today, even developing nations are feeling the fruits of such relationships. The reason for this is information technology. The entire world functions in unison now instead of each country or business sector individually. By focusing on core business competencies, it is easier to penetrate the sectors of highest value to your organization. Offshore outsourcing provides a high value outlet for eliminating costly common business functions. Unindustrialized nations are now understanding the importance and impact of this industry and taking full advantage of it. They know that no westernized country holds a candle to them in terms of cost, and they are slowly but surely adding quality and efficiency to that list as well. Taking all these advantages into account, it will be hard for any corporation to ignore them for long. Being a business executive, one must be constantly thinking about new and innovative methods or strategies that make their business better than the competition. One of the most lucrative assets a company can have in order to entice buyers is lower costs. This is why so many companies already have, and many are considering, turning to offshore outsourcing of their basic non-core business functions. When considering such a method, many factors must be examined to make sure the move is truly beneficial to the company. Issues that may