Companies That OffshoreOffshore outsourcing can be a powerful tool to help businesses find the best talent in their niche. It can also lower the cost of labor, boost revenue, and improve company competitiveness.However, companies that offshore have to be aware of the potential risks involved. Manufacturing and designing can be moved offshore together and rob a company of its design and engineering capabilities.TelstraTelstra has come far from its humble beginnings in the early 1990s when it was a government-owned small business. Today it is a huge privatised telecommunications company with operations across the globe. It is also the biggest provider of fixed line telephone service in Australia.The company's success can be attributed to its innovative solutions and strong investment strategy. When resources were scarce in the early years the company poured its money into new technology and realized that the telecommunications sector had enormous growth potential. This was a great move as it allowed the company to connect Australian cities both domestically and internationally. offshore company was a pioneer in the use of mobile phones, which enabled people to remain in touch with loved ones wherever they were.During the 90s, the company was faced with major challenges, such as regulation and competition from competitors. It was not content to remain passive and came up with a plan to adapt to these changes. For instance, it invested heavily in infrastructure and has spent $200 billion to enhance its services. It also innovated and launched BigPond which is a high-speed internet service for customers.It also cut its workforce and outsourced a few of its tasks, which led to savings in costs. It also implemented an organizational structure that divided roles into functional groups, instead of a traditional hierarchical system. This allowed managers at the top to gain more control over their expertise areas.The company announced recently that it is bringing its call centers back to Australia and that, by 2021, its small business and consumer calls will all be answered in Australia. This is a major improvement for Telstra, and it is likely to be beneficial to its customers. Telstra will continue to run offshore call centers for its largest international clients.GEGeneral Electric (GE) was established by Thomas Edison in 1892 and quickly became one of the most successful American companies. In the 1980s, GE acquired several large companies including Employer's Reinsurance and Kidder Peabody. In the 1980s the company's revenue grew from $5 billion to $70 billion. However, despite these successes, many analysts have questioned whether GE's growth was sustainable.At offshore consulting companies , GE is focusing on industrial technology and services including medical, renewable energy, and power. It has also invested into additive machines, 3D printers that can be used to design products and components. GE's finance arm also offers commercial leasing and lending.The GE washer-dryer is the company's best-selling product. It has been in use in American homes for more than 80 years. It was the very first machine that could automatically wash and tumble dry clothes. This was a revolutionary invention in the world of household. In addition to its appliances, GE also manufactures aircraft engines, medical equipment, and power turbines. GE plans to expand its digital business in the near future. This includes commercial software from Wurldtech and cybersecurity technologies.GE is also outsourcing its main business processes in India which has wages cheaper than in the US. Its captive offshoring company, GE Capital International Services (GECIS) employed 12,000 workers in 2004. In 2005, GE spun off its stake in GECIS to create Genpact, a BPO company named Genpact. Genpact employs 20,000 people and GE remains a major customer. The company recently diversified its operations by purchasing the maker of the Osprey Drone. GE is also investing heavily in the wind sector, by supplying the Haliade-X 14 MW wind turbines to Dogger Bank C.IBMInternational Business Machines is one of the biggest technology companies worldwide with its headquarters in Armonk, New York. The company offers hardware, software and services for the IT industry. Additionally, it provides financing options to help clients' acquisition of IT systems and software. It also has research labs across the globe. The company's groundbreaking research began in the 1880s, when Julius E. Pitrat invented the computing scale and Alexander Dey created the dial recorder. Herman Hollerith also created a tabulating device.The corporate vision statement of the company reflects its commitment to leadership in the market and industry for information technology. The corporate vision statement states that it will deliver high-value service by combining technology expertise with business model innovation. It also focuses on customer success and value creation, which is a crucial element to its long-term success.In recent years, IBM expanded its services business. It also changed its name to cloud computing platform and a cognitive solutions company. IBM's software portfolio includes analytics-related products like Cognos, SPSS and SPSS. It also offers IT infrastructure software such as IBM WebSphere application servers and MQ messaging middleware. It also offers mobile software and security products, including the IBM Verse business-email offering and the IBM QRadar platform for security intelligence.The hardware business of IBM has been declining in recent years due to the shift in corporate IT spending from on-premise facilities to centralized providers like Amazon Web Services. In the meantime, IBM has focused on its business consulting and services businesses and has made a variety of acquisitions to increase its presence in these areas. IBM has also invested heavily in cloud computing and has a worldwide presence.AccentureAccenture is a leading provider of management consulting, technology and outsourcing services across the globe. The company has a number of strengths that give it a competitive advantage that include deep industry expertise and knowledge and innovative technology solutions, strong relationships with top technology companies and a global reach and scale.Marketing procurement, supply chains, learning and human resource management and finance are all part of the company's procedures. Accenture is also present in more than 120 different countries. Accenture also offers a range of specializations in addition to its standard offerings. Accenture, for instance, offers SAP S/4HANA and the rapid tracking of customer journeys within digital businesses. It also provides IT and security consulting services.Historically companies have outsourced some production functions to cut costs and improve their competitiveness. In the garment industry for instance, a lot of production tasks have been outsourced to Asian countries. However, in recent years, more and more companies are focusing on providing services instead of product manufacturing. This has resulted in the need for more professionals with expertise in IT and digital services. The best part is that these skills are transferable across industries.Accenture has a wide range of clients and is expanding its presence in key markets. Accenture's client list includes 91 Fortune Global 100 companies and more than three quarters of Fortune Global 500. The company also partners with companies like Apple, Google, and Oracle to create new technologies. For instance, Accenture has partnered with SAP to develop an intelligent platform solution that can help upstream oil and gas companies cut down on the complexity of their operations by using market standards. A consortium of oil companies, including BP and Equinor, is testing this solution. This collaboration illustrates how companies are shifting away from traditional outsourcing and focusing on innovation and services.MicrosoftMicrosoft is a major publisher of operating systems and software for personal computers. The most well-known products of Microsoft include its Windows software line, Office suite and Internet Explorer browser. But the company has also been accused of monopoly and anti-competitive behavior. In the 1990s, it set up up a complex network of offshore entities to transfer intellectual properties and to reduce taxes.If a buyer purchases Office in Seattle the money doesn't go to Microsoft's headquarters in nearby Redmond. Instead, the money takes with a long journey, first through an affiliate company in Nevada that doesn't have to pay taxes on corporate income. It then crosses the Atlantic to a Bermudan company, where it's finally taxed at the island's zero-percent rate.From there, the money is transferred to a Puerto Rican company that accounts for research expenses and then passes some of the proceeds to an Irish firm. The company has employed similar structures to avoid taxes in other countries, such as Britain and Germany. The arrangement has saved the software huge billions of dollars in tax.Congress is now suing the software giant to modify its offshore policy. offshore companies on Investigations said that the company, together with other technology firms, employ offshore units and tax loopholes to avoid payment of taxes. The panel is investigating allegations that tech firms, like Alphabet, the parent company of Google, and Apple have been evading tax by shifting billions of dollars of profits to tax-free jurisdictions that are not as high.The partnership between SSE Renewables and Avanade is part of a larger initiative to improve the environmental impact of wind farm development in the Netherlands. The partnership will develop digital tools to better assess the impact of wind farms on the local ecosystem. The tools will be utilized in an aquarium to improve wildlife identification and monitoring of abundance.