Global Product Innovation Strategy

Product innovation is the soul of western organizations. The percentage of revenues from newly introduced items is often a key focused differentiator. So is the level of R&D consumption in respect to income, or to GDP, if comparing countries.

Yet, small product cycles, more complex design, and the need to make creative products for rising economies have driven smart companies to use talents in China and India for product development and research.

At Econstra, we expertise at resolving apparent contradictions in the context of global innovation. As a part of our Global Product Innovation Practice, Econstra guides you with following service processes:

• Outsourced product development initiatives at respected companies in the West as well as at some emerging companies.
• Econstra helps to create and manage outsourced research.
• Aiding many companies that have (or want to set up) offshore subsidiaries for research and development with new product innovation.
• Econstra provides expert guidance in building “next practices” to advance the state of global engineering.