Friday, May 29, 2015

Tips In Choosing 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.

There is no easy way on selecting a firm that you can work with. You have a number of them at your selection and you might get overwhelmed in picking which one to hire. Hence, it would be good for you to note some tips with regards to choosing which one to hire. Here are the best tips to remember for that matter.

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.

Consider looking into the portfolio of that enterprise. This enterprise must be capable of providing a tangible achievement to its potential clients. No matter how much that enterprise shows their beautiful case studies and designs, when it did not go anywhere, then you should not consider hiring that company. Only those that successfully commercialized their ideas should be considered

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.

Turnover rate. The turnover rate of a company is affected by factors such as the employees looking for growth potential, mentoring opportunities, as well as creative challenges. Such factors are common in the field of designing and the likes. A company with high turnover rate should be normal. It would be a different matter with a company having extraordinarily high turnover rate though.

Ask for references. Of course, expect that the ones listed in this reference list are those clients of the company's that will say positive things about it. Despite that, you should dig deeper. You have to know what other clients think about this company before you hire one to ensure that you are getting quality services.

Repeat clients. It is also a given for you to know how much of the percentage of the firm's clients are repeat customers. It would be more reliable to hire a company that has multiple projects with a single client. With just that, you can guarantee that this is a firm that can offer quality services to clients.

Innovation. The firm must give you the kind of innovation suitable for your company. The innovation should be cool and easily accepted by the masses. However, make sure that the innovation offered by the firm is something that can be manufactured. It is useless if that innovation does not go through production.




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