In-House Anywhere for Product Development
August 24, 2011 Leave a comment
Innovation is happening everywhere. It is possible to use distributed talent and resources to manage product development process from concept to launch.
For many companies, outsourcing their product development is not a good option. At the same time, they would like to leverage global resources not only for economic reasons but to have input from different countries for developing a global product. However, hiring your own team in countries which are thousands of miles away and having different cultures can be extremely challenging and may ask for economy of scale.
The In-House Anywhere model provides a company with their own team in country like India, China, Argentina, South Africa or Bulgaria in less than 90 days of deciding to go ahead. This new model allows companies to cut down on time-to-market and cuts down the cost of development. The model also allows companies to keep total control of their IP and talent pool. It is a risk mitigation model of expanding a global product development team. It provides flexibility of scaling up or down depending upon the market conditions.
All the current locations are ideal for software development, Internet based product development, hardware development, development of engineering products, electronics or manufactured products. Low cost development will allow companies to be aggressive in launching new products for niche markets. Agility of product development will provide companies a road map of success.