Here we are headed to discuss what is offshore ? what are the biggest threats in "Offshore Software Development" in India?
The biggest threats in "Offshore Software Development" in India are:
• People can be hired at lower rates from other parts of the world
• Lack of domain specific service providers
• The trend is to offer general services and not focus on a niche product
Some extremely useful solutions that may be effective for the Indian market and make it easy for the companies in getting future offshore work. The key to success, is a "laser sharp focus".It is very important to develop a trust factor between the customer and the service provider. A focused domain, honestly towards the customer by spending more time in research, and a consistent delivery of work are some simple tools to the success of offshore business.
Talked about reverse off-shoring. UK and Europe are way ahead when it comes to skills, talent and dedication of people. "10 persons in US", "is equivalent to a team of 50 people in India".
The challenge will remain immense if:
• Empathy is not shown towards the customers
• Smaller companies do not focus on a single niche domain
• Work is not delivered on time
It is very important to put the right person on the right job. An employee, who is technically very sound, need not be the project manager of a company, owing to his pay scale and experience. A company in such practice would only end up losing a good resource. To have a profound effect of the product developed on the customer an entrepreneur should make extreme innovation and creativity a habit.
Offshore Market Opportunities
It is important for any company to define their work process. This would help them in two ways:
• By fetching a monthly price
• By helping them get long lasting project
The biggest problem with smaller companies is that people, after a certain point of time, move out looking for jobs. What these young people don't understand is that they need a career and not just a job. Hiring policies for any SMEs or start-ups is thus very important. Entrepreneurs has to set a benchmark performance or expectation at the time of recruitment.
Some valuable points below can be very promising for any company:
• Generate empathy towards the customer
• Show your commitment and energy towards a project
• Maintain consistency
• Meet the deadlines
• Be upfront while you communicate
• Learn to say a "NO"
Delivering Work on Time
Time management is also very important for any company who mainly survive on offshore product development.When you promise a delivery date, make sure you meet the deadline. If there are holidays, make sure to inform the customer a day before.Proactive and upfront communication is always an added advantage to build trust with the client.
Payment on Time
A common problem faced by many SMEs is the struggle to get the payment on time.In smaller projects the payment is cleared on delivery. Therefore it is better to go for larger projects and negotiate on a phase wise or advanced payment. "If you are a newbie in the industry", "its better to start with local clients. It will help you to build your portfolio". A trust is a two way game. So when you go into a contract, make sure you have mentioned your terms and conditions clearly. Often it becomes difficult to get the signoff amount if it's a long-term project. In such a case a company can make a signoff checklist to monitor if the work has been delivered accordingly.
The biggest threats in "Offshore Software Development" in India are:
• People can be hired at lower rates from other parts of the world
• Lack of domain specific service providers
• The trend is to offer general services and not focus on a niche product
Some extremely useful solutions that may be effective for the Indian market and make it easy for the companies in getting future offshore work. The key to success, is a "laser sharp focus".It is very important to develop a trust factor between the customer and the service provider. A focused domain, honestly towards the customer by spending more time in research, and a consistent delivery of work are some simple tools to the success of offshore business.
Talked about reverse off-shoring. UK and Europe are way ahead when it comes to skills, talent and dedication of people. "10 persons in US", "is equivalent to a team of 50 people in India".
The challenge will remain immense if:
• Empathy is not shown towards the customers
• Smaller companies do not focus on a single niche domain
• Work is not delivered on time
It is very important to put the right person on the right job. An employee, who is technically very sound, need not be the project manager of a company, owing to his pay scale and experience. A company in such practice would only end up losing a good resource. To have a profound effect of the product developed on the customer an entrepreneur should make extreme innovation and creativity a habit.
Offshore Market Opportunities
It is important for any company to define their work process. This would help them in two ways:
• By fetching a monthly price
• By helping them get long lasting project
The biggest problem with smaller companies is that people, after a certain point of time, move out looking for jobs. What these young people don't understand is that they need a career and not just a job. Hiring policies for any SMEs or start-ups is thus very important. Entrepreneurs has to set a benchmark performance or expectation at the time of recruitment.
Some valuable points below can be very promising for any company:
• Generate empathy towards the customer
• Show your commitment and energy towards a project
• Maintain consistency
• Meet the deadlines
• Be upfront while you communicate
• Learn to say a "NO"
Delivering Work on Time
Time management is also very important for any company who mainly survive on offshore product development.When you promise a delivery date, make sure you meet the deadline. If there are holidays, make sure to inform the customer a day before.Proactive and upfront communication is always an added advantage to build trust with the client.
Payment on Time
A common problem faced by many SMEs is the struggle to get the payment on time.In smaller projects the payment is cleared on delivery. Therefore it is better to go for larger projects and negotiate on a phase wise or advanced payment. "If you are a newbie in the industry", "its better to start with local clients. It will help you to build your portfolio". A trust is a two way game. So when you go into a contract, make sure you have mentioned your terms and conditions clearly. Often it becomes difficult to get the signoff amount if it's a long-term project. In such a case a company can make a signoff checklist to monitor if the work has been delivered accordingly.
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