Outsourcing of developmental activities is not new. However, the outsourcing of research activities remains relatively unexplored. Recent trends indicate greater research and development (R&D) outsourcing, with customers open to handing over complete product lifecycle responsibilities to vendors. The chief reason for this change is that companies are realizing that the benefits of R&D outsourcing extend beyond cost arbitration. Rather, it facilitates the creation of global collaborative development skills of both the provider’s and buyer’s employees through exposure to new research tools, methodologies and best practices. Learn more now.
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