Outsourced Product Development – A Trend or a Business Necessity

Nowadays the concept of outsourcing is a new hype in the software industry and many businesses are investing billions in outsourcing all their core and non-core product development activities. Since companies are intended to bring innovative products to the market rapidly, they need a strategic model of outsourcing for their upstream functions such as product designing and product development. An external engineering expertise not only reduces operational costs but also provides long-term benefits which, in turn, help to stay abreast of the competitors.

Though reasons could be numerous, the consistently emerging marketplace competition has actually drawn companies into new markets, domains/technologies for which they require expertise and skills in place. But when a company recognizes that they lack required infrastructures or skills, they end up on outsourcing product development activities. From this, it is evident that outsourcing is just not a mere trend but a business necessity which help companies to transform their raw ideas into innovative products. Let’s discuss in detail few reasons for why outsourced product development is a business necessity:

To Gain Expertise in Multi Domains

A saying states that it is always better to have more, which is true especially in the field of product designing and development. In order to build innovative and unique products, working on multiple concepts and theories is truly important. It not only helps to differentiate your product from others but also helps to determine product’s viability in the market. An outsourced product engineering firm generally has a team of design experts who work collaboratively with industry experts to build a working prototype of the product.

To Focus On Other Core Activities

Other than product development activities, a company needs to focus on several other tasks including IT operations, marketing, and sales. Not necessarily, engineering requirements are the only core requirements of every company especially when most of the R&D activities can be outsourced. Cost, in-house expertise, complex development processes, and resource management are some of the key areas which a company find challenging to deal with. Also, development teams are often swamped with numerous projects that require assorted expertise. Here the role of outsourced vendors comes into play. Their dedicated resources focus on a single project while freeing-up company to focus on other activities.

To Minimize Staffing Requirements

Since different projects have different requirements, organizations consider recruiting new talents for short-term periods to complete a specific project. But is this reliable to hire full-time employees that may put an extra burden on HR department as well as can create confidentiality risks? Getting the right person on board usually requires more time, and sometimes training sessions to learn. While outsourced firm, with their full-time staff, can help in completing development projects on time, nothing could be better than applying targeted expertise at the right time.

To Meet Fixed Project Timelines

It is very usual for companies to miss their project timelines due to failing in committing resources to it. On the other hand, outsourced partners, prior to signing a contract, clearly understand a project’s timeline and requirements and consider assigning their resources on it accordingly so as to ensure its on-time delivery.

To Minimize Operational Costs

High developments cost is one of the basic reasons why companies outsource engineering firms. Outsourcing helps to minimize product development costs by discussing project requirements and deciding a budget for it. Outsourced partner allocates resources and prepares regular reports in accordance to keep the company informed about the expenditures made for the changes other than the fixed budget.

On the other side, when product development is carried in-house, it becomes challenging to allocate extra resources or time for the new requirements. But outsourcing identifies the areas where extra resources are needed and sets a budget for it. With holding years of experience in optimizing product designs, outsourcing can help business to achieve their goals is shorter span of time.

To Win Over Competitors by Gaining Market Ownership

As we have mentioned earlier, businesses are striving to gain a competitive edge over their competitors, which is only possible when they would have a clear picture of the market trends and customer’s requirements. Their launched products should be unique and innovative for a customer to accept. Outsourced partners with their expertise can be a great help in terms of bringing creative ideas to the table. Also, by performing a complete market analysis, they can assist with the products having higher demands in the market, customer’s expectations, scope of transforming existing product, and marketing strategies for launching a product.

The One Key Ingredient to a Successful Product Launch

If you’ve been paying attention to the internet marketing world over the past year or so you’ve probably heard about a few product launches that achieved almost unbelievable amounts of targeted web site traffic. A few internet marketers even broke the million dollar mark in just a few days.

If you’re like me you almost certainly wondered (with a little disbelief) how on earth these guys can generate so much targeted web site traffic so quickly. Truth is, nobody has a big enough customer list to sell so much so quickly on their own.

The key to massively increased targeted web site traffic is (of course) joint ventures with other internet marketers.

In fact, I dare say that the joint venture is the fastest way to grow your business (and by that I mean grow your targeted customer list). When you think about it for a moment it makes perfect sense.

If you do every traffic building technique out there you will only grow as fast as you can attract customers to your list. Don’t get me wrong, you should use every targeted web site traffic technique you can… but for explosive growth there is nothing that even comes close to a properly done joint venture.

With a joint venture you get the opportunity to leverage the list building and traffic generating efforts of all of your JV partners. The result is a surge of targeted web site traffic hitting your lead capture page and adding themselves to your list… and buying your offer.

What’s more, a successful joint venture or two will help you earn credibility within the internet marketing community which will make it much easier to attract joint venture and affiliate partners in the future.

Employing joint ventures is the quickest, cheapest and most reliable way to increase targeted web site traffic, grow your customer list and thus your business available on the internet today. Here’s the catch…

If you approach your potential joint venture partners the wrong way you will turn them off and ruin any chance of working with them in the future. Far too many internet marketers go for the mass approach and blast out a generic joint venture request to hundreds of list owners that they don’t know anything about.

The result is predictable… little or no response and a whole lot of wasted effort and time. Not to mention the potential harm to your reputation for basically spamming a bunch of people who you want to work with as partners.

The far better approach is to go one at a time. Do the research and learn as much about your potential business partner as you can. Join their list and promote their products as an affiliate. Nothing will make a favorable impression faster than sending your intended partner some buying customers. Another great way to build good will is to send then them a well written and glowing testimonial with your headshot image.

The key is to develop a real relationship with them. Once they get to know you and feel comfortable with you then you will have no problem approaching them with a joint venture proposal… and the odds of a favorable response are hugely better with this method.

The Importance of Workplace Safety Posters

Workplace safety posters play an important role in effective safety communications, safety precautions and safety warnings to workers. It is one kind of safety communication. Their applications in chemical industries are very common where various potential hazards present.

Safety regulations and legal require the use of workplace safety posters. Generally, these posters have to be placed in workplaces where hazards exist. They warn workers about specific hazards that accompany their jobs and naturally appear in such workplaces.

Government or Department of Labor in each country has may already established the required workplace safety posters. And in some cases, the government has prepared these printed posters that can be used directly.

When the safety regulation requires such posters application, there will be certain penalties or fines for violations. In general, the employers will be fined when workers get injured due to lack of safety posters as required by the regulations.

Some employers may think that these posters for workplace are only devoted for the workers or employees. But, actually they are wrong. These posters are purposed to protect both workers and employers.

Employers would not responsible for any incident happen in the workplace if they have applied the required posters. As an example is the usage of eye goggle. When the employers have displayed the poster of eye goggle according to the regulation, then when worker or employee gets injured by chemical splash without using eye goggle, the employer does not responsible. The reverse condition is also applied.

However, before displaying any safety posters in the workplaces, always bear in mind that these posters should be relevant, clear and to the point. Use only common words and communicative images or pictures to get workers’ attention.