Business Philosophy
Inswedco AB believes in building long lasting relationships through
transparency and competency. We will strive to be the best source for the
services and solutions we provide, while adhering steadfast to the basic
principles of healthy business practices. Experience has taught us that it
is better to be honest and small rather than revenue driven and
questionable. Based on this philosophy, Inswedco has identified key
parameters that are the most frequent challenges faced by companies in
Sweden and India when doing business with each other.
Some of the current challenges are:
High Cost of skilled labor in the Nordic region
Non core activities are expensive
Time to market is slower since skilled resources are not available
Large pool of resources are not available on demand for dynamic
up-scaling
If outsourced, partner does not understand the requirements of the
clients
Time delays in identifying the right partner
Lack of local presence in the Nordic or in India lead to communication
gaps
Hesitation in outsourcing due to low level of confidence in the
outsourcing partner
How Inswedco addresses the challenges:
Check on the outsourced partners clients, previous work and get
feedback from key customers
Ensure that business is done only with companies that have good
corporate culture and work ethics
Check on credibility and accomplishments of the top management
Collective expertise of the employees
Capability to deliver quality work on time, within budget
Comfort level while working in close association
Certifications that assure a certain quality standard
Choice of India as the destination for skilled resources at optimal costs:
Large pool of computer literate and English speaking professionals
Well recognized Information Technology skills and Engineering sills
Wide gap between personnel costs in India and developed countries
Work practices largely comply with ISO and SEI CMM standards. Three
out of every four SEI-CMM 5 companies worldwide are located in India.
Quality standards meet the approval of the world. India exports
software to more than 95 countries.
India has a stable political environment and pro-IT government. Worlds
largest democracy.
Reliable satellite and submarine communication links facilitate good
connectivity with the rest of the world
Apart from IT, India also has established excellence in Garment
Manufacturing, Healthcare Tourism and Automotive Ancillaries.
*Choice of Sweden and the Nordic region for Technology and Finished
Products partnerships:*
CSR: Sweden leads by example in corporate responsibility. Extensive
environmental protection, active measures to improve work environments,
investments in cleantech – these are all examples of how laws and
regulations can encourage responsible corporate behavior and the Nordic
region has been an example of best practices in these segments.
Design: Swedish design knows no bounds. Diversity is the keyword of the
Swedish design scene. Emotional values are now reckoned to be as important
as function in Swedish craftsmanship and design in general. Everything is
tested and retested.
Education in Sweden: Lessons for life. With a diversified and all round
education program, Sweden has implemented a fusion of holistic and academic
programs that differentiate it from the rest of the world. an ideal
destination for education for life.
Elderly care: A challenge for our future. Elderly people represent a
growing share of the Swedish population. Many are in good health and lead
active lives, and most live in their own homes. Sweden invests more of its
gross domestic product in programs for elderly care leading to a society of
experienced and young constantly striving to make life better for all.
Energy: Generating power for a sustainable future. Cutting-edge technology,
a wealth of natural assets and a high proportion of renewable energy —
Sweden is in the front line as the world embarks on a shift to more
sustainable energy systems.
Environment: Environmental work for generations. Sweden has 16
environmental quality objectives that are due to be reached by the year
2020 at the latest. Pursuit of this target is at the heart of government
policy towards the environment.
Gender equality: The Swedish approach to fairness. Sweden has one of the
highest levels of gender equality in the world. This is based on the belief
that when women and men share power and influence equally it leads to a
more just and democratic society.
Technology and Innovation: Attention to detail merged with the freedom to
innovate sets Sweden and the Nordic apart when it comes to technology and
innovation, making it the ideal destination for cutting edge products for a
wide range of applications.
Sweden is abreast of the worlds leading research and achievements in almost
all fields. Needless to say, the Nobel prize has the world's attention like
no other.
Inswedco merges the strengths of India and Sweden to create successful
partnerships that become world leading companies. Transparency and Honesty
is the core of our Business Philosophy. Striving to be the best in all we
do is our endeavor.
