27 May, 2015

Tips In Picking Product Development Firms

By Ericka Marsh


When you are assigned to launch new products for your company or even develop a new technology, then you know that you need to work with the right people for this. You need to choose which product development firms you will be working with. The choice you make on this matter can be really critical to your success.

It is not that easy to choose a company in this field. Remember that hundreds of enterprises exist in the market offering this kind of service. You have to be meticulous then in choosing which one to go for. If you want to make the selection easier and increase yours odds of making a good choice, here are what you should consider.

Chemistry. Think about chemistry when you are picking a firm to work together with. If you want to ensure that there is smooth progress for your project, then you should ensure that you can work well with the project team beforehand. Even when problems surface, the team should be able to work with you.

Portfolio. Just because you are being shown some excellent case studies and beautiful concepts, that does not mean that this firm is a good one for you. If these concepts are not commercialized successfully, then they have no business showing those concepts to you. You have to work with a firm that has tangible achievement to show clients.

Know who will be part of the project team. As much as possible, you should aim to have a project team that is composed of skilled and experienced staff members. They are the ones who can deliver results to you, after all. The success of the project depends on the members of the project team so know who they are.

Look into the enterprise's turnover rate. Most of the employees in this field will be changing jobs every once in a while to look for creative challenges, mentoring opportunities, and growth potential. Thus, a high potential turnover for a company should be normal. However, you need to be wary when that company's turnover rate is extraordinarily high.

References. Ask the company to give you a list of references. However, understand that this list is mostly made up of clients that are satisfied with the work provided by the firm. If you want to hear an unbiased review, then you better dig deeper. Get to know other people who can give you a review about the firm.

Know how much of the company's customers are repeat clients. After all, it is much better for you to go for a company that has already provided services for the same client over and over. Multiple projects for one client means that the client has been extremely satisfied. This means that the client's expectations and demands have been met thoroughly.

The innovation offered by the company should be stellar. Of course, that does not mean that the innovation should only remain as a concept. The innovation must also make it through production. If you can find a company that can provide the innovation you need, from the concept to manufacturability, then that company is good enough for you.




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