Outsourced Product Development – An Overview

Outsourcing ‘non core’ activities to gain economic advantage has become an essential component of any successful business strategy. However, as an industry matures, what constitutes its ‘core activity’ undergoes change.

For instance, manufacturing was once considered the core competence of many established industries, from automobiles to footwear. Today, organizations have realized that manufacturing does not enable them to differentiate themselves in the market place, and therefore, manufacturing is widely outsourced.

Outsourced Product Development - An Overview