Shu Ying The Blogger, Online Streaming, Social Media Tricks, Reviews, Market Research And More: Budget Allocation In Product Development For Employees

Thursday, January 13, 2022

Budget Allocation In Product Development For Employees

We used to have situations where product could look much better and we know the employer has taken too much control over things can be done and can't be done. So, welcome to where employees can give at least 60% of control in product produced this is a method named product development through  budget allocation for employees. Remember previous blog posts we wrote about features making, methods to inventing more products, so now we are going to talk about another method.

Let say you received an big order for 30,000 units of product with firmware and the order worth 30 million usd, you place the production cost at 11 million usd, material costing only 1 million usd you decided to let employees to take control of a 6 million usd of production cost where you allocate 6 million usd to them to make purchases for product development.

With this 6 million usd, the engineers purchase some technologies outside of Google, some materials so there make their ideas into the product and firmware with required specifications. Afterwards, the product development team finalized the production.

This method truely help to make a product development, making the product looks better and increase customer satisfactions.


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