5 benefits of working with an independent product design firm.
Are you looking for a fresh perspective, agility, and customized solutions for your business? Look no further than an independent product design firm. With diverse team members and the ability to adapt to various project needs, product design firms offer unique benefits that larger in-house design teams may not provide. Nimble firms such as these can bring valuable contributions to any project or business venture from outside perspectives to specialized expertise.
Read below for the five benefits of collaborating with an independent product design firm.
1. Expert Skillsets and Services
As businesses and society continue to evolve, it’s becoming more and more challenging to keep up. Strategic thinking and expert problem-solving are two skills that are essential for success in today’s business world. Hiring an independent product design firm is one option your organization can employ to stay on the cutting edge. These firms bring world-class problem-solving capabilities and a robust analytical toolkit built from years of experience to your most complex challenges. In addition, they have specialized skills and design services ranging from product strategy to design thinking with deep knowledge in specific functional areas such as industrial design, mechanical engineering, UX design, and packaging design. This makes them valuable subject matter experts who can provide insights and perspectives that your team may be lacking.
Product design firms don’t become experts in their fields overnight. It takes years of effort to obtain the level of knowledge that most full-service design consultants have. In that time, they have experienced, seen, or heard a great deal, from best practices to pitfalls. And if they haven’t heard of an issue or need, they will probably have some good ideas for addressing it. What makes independent product design firms so valuable is that they specialize in design strategies, trends, and methodologies. This allows your organization to focus on the work you are passionate about and qualified to do. You can also count on a product design consultant to provide constructive criticism and solve problems efficiently. Their specialized skills and deep knowledge make them strategic thinkers who can help your business succeed.
2. An Outside Perspective
It can be puzzling, at first glance, why companies wouldn’t just solve their own problems. After all, who knows the company and its products better than the employees themselves? However, there are several good reasons to bring in an outside perspective. An independent design consultant can provide unbiased judgment because they are not emotionally attached to the company or the product. And are less likely to be caught up in the company politics that may have led to the current problem.
Hiring a product design consultant can be a game-changer for businesses stuck in a rut with their new product development efforts. Independent design firms have typically collaborated with a myriad of different companies. They have likely worked through a similar problem space before and can provide valuable perspective and insight based on what design process they’ve seen work (or not). As a result, they’re more likely to develop high-quality creative solutions that bring new life to your organization – one founded on critical thinking and creative problem-solving.
3. Speed and Agility
In today’s ever-changing world, speed and agility are essential for arriving ahead of other innovative companies. Organizations with the ability to anticipate and embrace change, rapidly generate ideas, and quickly adapt will be the ones that succeed. Unfortunately, many companies are stuck in outdated ways of thinking and struggle to keep up with the demands and speed of new product development and innovation. As such, having nimble and agile teams at your disposal is critical. Teams that can anticipate change and give your company a competitive edge throughout the development process.
Independent product design firms are especially well-positioned to deliver this much-needed agility. They are nimble thinkers who operate in a flexible and fluid structure, able to quickly mobilize and deploy the right talent to focus on your challenge at hand intensely. Free from the emotions, politics, and bureaucracy that can come with a large organization. This unburdened agility allows them to rapidly prototype user experiences, learn quickly, fail fast, and make informed decisions, helping them to be agile and better prepared to pivot swiftly in the ever-changing business landscape.
4. Future Thinking Mindset
Businesses today operate in a world of constant surprise and upheaval, ever more interconnected and fast-paced. To be successful, companies need to be future-oriented, always looking for new opportunities to stay ahead and outdistance the competition. You need to think both long-term and short-term and have a vision for where you want your organization to be. But you also need to be responsive to the here and now and know what needs to be done next to deliver the best product ideas.
That’s where independent product design firms can help bring the long-term, future-oriented mindset of ‘futures thinking’ to your problems coupled with the short-term, outcome-oriented mindset of design. Designers are exceptionally skilled at this kind of future thinking with a perspective that allows them to anticipate a variety of plausible futures and visualize them. When you take an interest in the possible, not just the actual, you open up new possibilities for your company. And by challenging stakeholders with visions of futures that are outside of what they consider ‘probable,’ you can inspire them to pursue new opportunities. Helping you to escape the organization’s gravity that can trap a team in their current thinking and liberate them to think freely and answer “where do we want to be?” and “what do we do next?”
5. Design-driven Growth
If you’ve not already heard, design is good business!
The importance of design for business growth is hugely underrated, and the bottom line is that companies that use design strategically grow faster and have higher margins than their competitors. The Design Management Institutes Design Value Index (DVI) showed that companies that used design as a strategic business tool had returns 2.28 times the size of the S&P’s returns over the last 10 years. And McKinsey’s McKinsey Design Index (MDI) concluded that companies that embrace design generated 32 percent more revenue and 56 percent more shareholder returns than rivals over the same five-year period.
Businesses must recognize the role and importance of great design in business growth. Design is a powerful tool you can use to drive business innovation. Independent product design firms that are strategic thinkers are perfectly positioned to help you place design at the center of your corporate strategy. Top design firms can see the big picture and make decisions that will lead to long-term success and positively impact the bottom line. They understand how their work fits into an organization’s larger ecosystem and can make decisions that align with the company’s growth goals. So, if you’re looking for ways to increase your company’s growth potential, don’t forget the power of great design!
Partner with a Product Design Firm You Can Trust
In today’s competitive marketplace, it is more important than ever to have a fresh perspective on product design and development. Partnering with an independent product design firm can bring many benefits to your business, including agility, a future-thinking mindset, and design-driven growth. Don’t miss out on the opportunity to take your organization to the next level and succeed in today’s rapidly changing business landscape.
Consider hiring THRIVE, our independent product design firm, to help you stay ahead of the competition and drive long-term success. Contact us today for a consultation to learn more about how we can contribute to the success of your next project.
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SOURCES:
https://hbr.org/2014/04/design-can-drive-exceptional-returns-for-shareholders
https://www.dmi.org/page/2015DVIandOTW/2015-dmiDesign-Value-Index-Results-and-Commentary.htm
https://www.mckinsey.com/capabilities/mckinsey-design/our-insights/the-business-value-of-design
People Also These Questions About Working with an Independent Design Firm
Q: What are the benefits of working with an independent product design firm?
A: Partnering with an independent product design firm offers several advantages, including innovative solutions, customized designs, cost efficiency, access to a diverse talent pool, and faster time-to-market. These firms bring fresh perspectives and specialized expertise, which can significantly enhance product development and competitiveness in today’s rapidly changing business landscape.
Q: How can an independent product design firm help with cost efficiency?
A: Independent product design firms often have lower overhead costs compared to larger agencies, allowing them to offer competitive pricing. They also provide flexible engagement models, such as project-based or retainer-based contracts, which can be more cost-effective for businesses needing specific design services without long-term commitments.
Q: Why is access to a diverse talent pool important in product design?
A: A diverse talent pool brings a wide range of skills, experiences, and perspectives, which is crucial for innovative product design. Independent firms typically employ or collaborate with experts from various disciplines, ensuring that the design process benefits from creative and technical inputs that can lead to unique and effective solutions.
Q: How do independent product design firms ensure faster time-to-market?
A: Independent product design firms are often more agile and flexible than larger agencies. They can quickly adapt to changing project requirements and market conditions, streamline decision-making processes, and implement efficient workflows. This agility helps in reducing the overall time needed to bring a product from concept to market.
Q: What role does customization play in the services offered by independent product design firms?
A: Customization is a key advantage of working with independent product design firms. They can tailor their services to meet the specific needs and goals of each client, ensuring that the design solutions align perfectly with the client’s brand identity, target audience, and market strategy. This personalized approach often results in more effective and impactful product designs.
Q: How do independent product design firms foster innovation?
A: Independent product design firms foster innovation by leveraging their creative freedom, diverse talent, and specialized expertise. They are not bound by the rigid structures and protocols that can limit creativity in larger organizations. This environment encourages out-of-the-box thinking and experimentation, leading to groundbreaking design solutions.
