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ANZ Bank Issue
BUSS1000 - Future of Business
5 Pages • Essays / Projects • Year: Pre-2021 • Previously uploaded under: BUSS1001 - Understanding Business
ANZ Banking Corporation is one of the big four banks in Australia. At present, the corporation has already made the decision to offshore outsourcing. It is recommended that ANZ Banking Corporation should focus on the top three issues created by their decision. Firstly, data security issue occurs when ANZ sends large numbers of business’ information and customers’ data to their outsourcing firm. Secondly, not professional contractors and employees would lead to the failure of offshore outsourcing, and then bring negative effects to ANZ on benefit and reputation. Finally, ANZ opted for offshore outsourcing and reduced the number of staffs in Australia would bring it social ethical issue. Thus, the global consultancy firm wishes ANZ Banking Corporation could pay attention to the top three issues above – data security, offshore outsourcing’s cost risk, and social ethical condemnation.
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