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A to Z of Offshoring / OffSourcing....

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reatly Helping Innovation

Benefit From Gray Arrow A Kaytek Offshoring Consulting Insight

Innovation is important for every organization today.

There is a limit upto which one can lower one's product or service prices in the market.

There is also a limit beyond which one cannot stretch one's resources.

The cost savings, economy, flexibility introduced by offshoring can help increase an organization's outputs of innovative products and services as well as innovative Business Models.

Innovation can be offshore outsourcing's hidden advantage.

The cross-cultural learnings from an offshoring operation often help create innovative solutions to existing problems.

Organizations have discovered that they started offshoring because of the perceived cost savings but were convinced to continue the same due to the innovations in the offshoring process itself.

Countries where offshoring is done have significant economic and cultural differences.

Low Cost radically different solutions that one could not even dream of are now possible.

The example of Nano - A low cost US $ 2500 Car by India's Tata Motors is a good example of how strategic differentiation is possible via outrageous innovation. Another example is India's low cost space mission to the Moon.

Offshoring helps create smooth approaches for global innovation. This could not only be in products or services but also business models as exemplified by India's mobile telephony operators.

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Last Updated on 23rd March 2009
Posted on 22nd April 2004

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