The benefits of outsourcing vary by every business case but it is important to note that none of the benefits can accrue unless the process is well thought of and implemented properly. While it may seem easy, outsourcing is difficult to implement, and the failure rate of outsourcing relationships remains high. So let's have a look at which initial hurdles you have to cross in order to convert your outsourcing story into a SUCCESS STORY!
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Selecting and engaging the right vendor is not the most straight-forward task, & you need a plan, that will allow you to make a good choice for business. This can be a difficult and time-consuming task. Many companies report that they spend anywhere from 2 - 6 months in selecting the vendor company. It’s one thing to decide that outsourcing is good for your company, but another to find the right partner to get the job done!
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We all know that Coronavirus has impacted everyone tremendously. So, without wasting any further time, let's see the rules to be followed by Vendors for retaining their existing clients and thereby ensuring business continuity. Also, we will explore possible areas of opportunities that the Vendors should target for securing additional work and increase revenues.
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It is critical for any organization that embarks on an outsourcing journey to be aware of the challenges it can encounter when implementing it. Outsourcing agreements can fail because of poor planning or poor execution or even cultural intransigence. Many problems can be solved with awareness, attention, and focus. In fact, by recognizing these issues in advance, clients and service providers are ahead of the game and can drive early - and lasting- success. Let's look at the pain-points that you may encounter during the implementation phase and feasible solutions to overcome them.
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The global lockdown has caused major interruptions in students' learning and education, disruptions in internal assessments, and even cancellation of examinations. In these testing times, the whole world has realizedthe true power of collaborative software. It has helped us stay connected during the times when normal office work and school teaching have become impossible. Despite the heavy utilization of learning management platforms, the global educational system hasn’t been ready to go fully online. The infrastructure and processes are there, but most of the existing solutions don’t include features that are capable of catering to the unique needs of the educational system and can help in conducting actual classes effectively.
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It’s the age of startups. You have come up with a fresh idea to solve a specific problem and want to develop an app/digital product as a solution to the issue. But what if you don’t have any technical background? As a person with no prior development or coding experience, you may lack some experience that is crucial to launch a successful product: for instance, how to pick up the right tech stack to build a scalable Minimum Viable Product (MVP) that meets your budget & roadmap for its development. People assume that theirs is the next billion-dollar idea and all they need is a technical partner to get the project off the ground.
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It’s not enough to have a new idea. You have to be able to prove that the product you want to build solves a problem and is viable. It may seem easy, but when it comes to reality, many products are built that don’t actually solve a problem for anyone. It may look brilliant, have lots of features, but at the same time be absolutely useless. The best way to prove viability is to build a minimum viable product (MVP) which is the first version of a product.
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