Build A Dedicated Offshore Team
Outsourced product development has transformed over the last few years. It is no longer a method just to cut costs. Companies today are looking forward to leverage the global talent to create better and successful products. This, however, does not change the fact that many offshore ventures are still failing to realize any of their long term objectives.
There are quite a few reasons behind such outsourced product development failures. However one that I think is primary is the lack of foresight of the offshore team. Today, when products are outmoded quickly, time to market and intuitive UI are the keys to the success of a product. In such a scenario companies naturally expect their product developers to understand and act accordingly.
But to meet these expectations, your product development team needs to know more about the product users. The product development team needs to know your vision and goals. Set up a dedicated offshore team which you can trust and share your product roadmap with. By opting for the Build Operate Transfer model of outsourcing you can mitigate the risks of loss of intellectual property which is the major hurdle when you really want to share your product ideas.
With this unique business model, you get a team that
You can trust. You can share knowledge freely when it is your own offshore team.
Takes complete ownership of the product. When your team knows about your business function and the impact that their work might have on it, there is an improvement in the quality of output. They work towards a better product, not your acceptance.
Retained domain Knowledge. You share the domain knowledge only once since you have the option to transfer the team to your own subsidiary. You don't need to hire a new team who has to re-learn the product.
Apart from setting up a dedicated team for you, Build Operate Transfer model also has the following the advantages:
Hire your own team of experts: You can hire the team as per your own requirements. Set up an outsourced product development team who are excited about the domain and the technology that you work on.
Requires Lesser Capital Investment: You save costs otherwise spent on infrastructure. You save capital investment since you also do not require country managers or support staff for a Build Operate Transfer model. With a Senior Manager overseeing the overall product development, you don't need to spend on management overload.
Gives total Management Control: You have complete visibility of the progress. You decide the quality of your deliverables. You have the flexibility in managing your own projects. Communicate with every member of your team so that they are all on the same page about the expectations from the product and not only the upcoming release.
Questions and Answers
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