In Western Europe, recent surveys found five major factors. We wrote about the first one, cost efficiency, last week. Now we are moving to the second factor: flexibility. That factor was cited by almost as many respondents in the survey as “cost.”
It can take a few definitions. When we speak with clients, we typically hear the idea of “flexibility” as:
Largely because we have no idea on the timing of COVID-19, or the long-term economic implications of the virus. We know that things will change, and we know that many EU economies will have a less-positive 2020 (and perhaps even 2021). We also know there is opportunity, however. Look at the 2008 global recession. A lot of “unicorn” companies were built straight from that recession, including Uber, AirBNB, etc. Those companies were a bit more customer experience-driven. We may emerge from this with a different kind of valued company, but there will be shifts in the economy and what it values.
In your business, that means you need to be flexible and you need to take some current projects, ongoing projects, and “pet projects” of your leadership team and put them to the side -- and focus on new projects that could be bigger post-COVID revenue streams.
As you try to be flexible and agile, you will need a partner that can be flexible and agile as well. That’s the simplest way to present it.
Well, we made a checklist for you -- but we will get to that in a second. Before we present that, a couple of things to consider first:
There are other ways to find flexibility in a software development outsourcing partner. Consult this checklist too:
Where can we send you our Checklist: How product vendors in Western Europe choose the right nearshoring partner?
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