| PRESS RELEASE |
| Argea’s CEO and former President of Global Processing at GE Capital are Featured Panelists at The Conference Board’s Web Cast Outsourcing in the Mid-Market: Why it is Important and How to Make it Work on Tuesday, October 11, 2005 |
| 21-Sep-2005 |
Ram Iyer and Sid Milstein to discuss the unique impacts of globalization in mid-market companies and the role of outsourcing in creating an extended enterprise that can respond to global competitive threats Princeton, NJ (PRWEB) September 21, 2005 -- Argea announced today that Ram Iyer, Founder & CEO of Argea, the outsourcing consulting company, and Sid Milstein, former President of Global Processing for GE Capital and Argea’s BPO Practice Leader, will be the featured panelists at The Conference Board’s upcoming web cast entitled Outsourcing in the Mid-Market: Why it is Important and How to Make it Work. The web cast, offered to corporate decision-makers and influencers, is designed to help mid-market companies improve their global competitiveness by using outsourcing to create an extended enterprise business model that is more responsive to competitive threats in all industry sectors. In the next ten years, mid-market companies will face serious and escalating competitive challenges from companies and countries in both G-7 and emerging economies. Mid-market companies are at special risk in this new economic order. They don’t have resources or global presence of a large multinational but have developed market shares in their industries which make them prominent targets for foreign competitors. These foreign companies have demonstrated their aptitude in executing a global market strategy, as they enter the industrialized markets the US and Western Europe. Mid-market companies in the US must also embrace and manage the changes spawned by globalization and use them to their advantage - or perish. Said Ton Heijmen, Senior Outsourcing/Offshoring Advisor to The Conference Board, “Working with a global network of suppliers is an excellent way to build the organization’s ability to do business globally. Some of the hottest outsourcing destinations of today, like India and China, are among the largest markets of the next few decades.” Historically, the conventional business model in the mid-market described a vertically integrated company. Vertical integration was an appropriate model before the pressures –and promises - of globalization emerged. The competitive pressures of globalization are best tackled with the ‘extended enterprise’ model, allowing the company to access resources from across the globe that provide the greatest value to the company – to compete with international competitors who enter the US market with a network of global partners and suppliers, and the resulting cost advantages. One of the shortest paths to begin building an extended enterprise, and one with the greatest potential for business returns, is enterprise-wide outsourcing. Outsourcing creates extended global networks of suppliers, resources, skills and advanced capabilities, without the expense of actually building them around the globe. It creates the mechanism for replicating the reach, resources and responsiveness of a true multinational corporation without the cost or scale of becoming one. Ram Iyer said, “Global competitors find the markets that mid-market companies sell into, very attractive. They come with global savvy. Outsourcing is an excellent place to develop global savvy, and a competitive cost model, that mid-market companies need to compete with foreign competitors.” Sid Milstein, EVP and Head of Argea’s BPO Practice Group, will bring to the panel the perspective of a highly accomplished practitioner of offshore outsourcing. He was one of the early pioneers in developing GE’s offshore processing capability in India and Mexico, serving as President of GE Capital’s Global Processing Services from 1997 to 2001. Sid is a Certified Six Sigma Quality Leader and served as the SVP of Six Sigma Quality at GE Technology Management Services. Sid Milstein said, “I understand the key success criteria from our offshoring efforts at GE. Working with other experienced outsourcing practitioners at Argea, I’m eager to help more mid-market companies be successful with outsourcing.” About The Conference Board Web Cast: About Argea Company Contact: |