"What Drives Success For Best-in-Class Product Developers?"
Explore what makes a product development company successful.
Increased competition and market demand are pushing organizations to launch innovative products more quickly and at low cost. These pressures to get new products to market faster and at the lowest possible cost, has driven companies to take whatever measures necessary to meet those demands. Every company out there is looking for an advantage, but what can really be done to get ahead.
Best-in-Class companies put out low-cost, high quality products, in the timeframe intended, and as a result deliver on 87% of revenue targets and see a 15% increase in profit margins.
Twice as many Best-in-Class companies credit efficiency improvements to the process as having the most profound impact on margins/revenue.
Technology Tools are the final enabler the Best-in-Class rely on for impacting margins/revenue.