Managing your Development Costs
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Do what you do best and outsource the rest...
Read MoreSakonnet DesignWorks Blog:
Engaging a Product Devlopment Partner
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From my experience over the years, as you look to team up with a product development service provider consider the following...
Read MoreProduct Development Partnerships
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More projects have just landed in your lap — and your design and engineering teams were already swamped. Where will you find the resources to execute these programs?
Read MoreBoosting Confidence
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As we trek through the process of new product development things rarely go the way we expect, we try to fail fast, learn and then take action.
Read MoreWhat Could Go Wrong When Outsourcing Product Development?
/As I think about how we approch new product development (NPD) several things stick out. First and foremost, we work through a process and try not to deviate from our approach so that we can keep to schedule, budget and deliver what our customer wants.
Read MoreHow to Outsource R&D
/R&D isn't just for big corporations. Here's how you can use innovation to build your business, from selecting projects to tax advantages.
The objective of research and development (R&D) in a small or mid-sized business is to obtain new knowledge, applicable to your business' needs, which can eventually result in new or improved products, processes, systems, or services that can increase your business' sales and profits. R&D can be conducted in-house, under contract, or jointly with others. While in-house R&D commands a strategic advantage in that the business is the sole owner of the know-how created and can protect it from unauthorized use, the rise in popularity of outsourcing business functions in the last several years has increasingly included R&D.
WSJ Outsourcing Innovation
/It's a question many companies are facing these days. As budgets tighten, businesses are outsourcing research and development and the creation of new products as a way to slash costs, speed development time and tap into top talent outside the company.
But it can be tough to strike the right balance between internal and external efforts at innovation. How much outsourcing is too much, or too little? What amount produces the best results?
To find an answer, we studied the sourcing habits and innovative performance of 359 companies based in the U.S. and reviewed existing research on outsourced innovation.