• Home
  • About
  • Contact

The Phat Startup

The Ultimate Lifestyle Blog for Entrepreneurs

  • Blog
  • Blogger Lifestyle
  • Money & Finance
  • Motivation
  • Personal Growth

Motivation

4 Reasons Why Businesses Should Adopt a “Best-of-Breed” Strategy

Business owners have a large number of decisions to make about their company. For instance, company owners must decide if they want to implement one large integrated solution from one vendor to handle a number of tasks, or if they want to approach it from a “best-of-breed” angle, which involves a business owner selecting the best product of each type to handle specific jobs.

While there are pros and cons to each approach, the “best-of-breed” strategy does have a number of key advantages. Here are four to keep in mind.

A person standing in front of a building

Description automatically generated

1. System Updates Are Easier

As Technopedia notes, the best-of-breed approach is most successful when it is applied to one or a small number of functions that help to facilitate system maintenance. One reason this strategy works so well is that updates and other building blocks can be implemented without affecting other systems. For example, if a company uses a specific accounting program that is ideal for the size of the business and its needs, when the software needs to be updated it will not impact the separate inventory, invoicing and other types of computer programs the company uses on a regular basis.

2. Making Changes to a Specific Program Is Simpler

Another reason that a “best-of-breed” approach makes a lot of sense is because when business owners want to upgrade and expand a specific program or service, it is much simpler to deal with one platform. A solid example of this is call center software like Aspect Via. This secure, flexible and cloud-based platform allows company owners to evolve and scale their contact center as their business needs demand. Companies can start with the best-of-breed applications that solve their existing call center needs right now, and then deploy additional contact center and workforce optimization capabilities quickly and easily down the road.

3. Best-of-Breed Typically Include the Optimal Features

The best-of-breed approach typically ensures that companies will get the cream of the crop product or software tool for every need, according to TheReflex.com. Instead of one massive program that might be great at certain tasks but only so-so at other things, cherry picking the best products means businesses will have the best features and functions for every component. In order for this approach to work, each area of the company must be evaluated carefully to determine which individual solution is best.

4. Vendors Are More Knowledgeable

When business owners use a single vendor who provides a large “one-size-fits-all” integrated solution for their entire company, chances are good the vendor might understand some aspects of the program better than others. On the other hand, using a best-of-breed approach means working with a number of specialized vendors, each of whom is extremely well versed on their product and can more easily troubleshoot issues and suggest solutions.

As Its Name Implies, Best-of-Breed Is Clearly the Best Approach

Going with a best-of-breed strategy can mean your employees will have to be trained on a number of systems instead of just one, and working with multiple vendors also requires a business owner to have a schedule that is flexible enough to meet with each company as needed. But when you take into account all of the advantages a best-of-breed approach offers — including easier software updates that will not shut down the entire system, scaling a specific program as needed and working with vendors who truly know their products, any disadvantages are outweighed by the many advantages of going with a best-of-breed approach.


« Cannabis Companies You Should Observe In 2020
Do You Need the Cloud? Yes You Do, and Here’s Why »

About The Phat Startup

The Phat Startup was created by Mike McOwen to create a space where entrepreneur lifestyle could be focused on. We tend to live a different lifestyle than most. Entrepreneurs tend to be interested in maximizing their life, not only their profit.

Connect With Me

  • Email
  • RSS
  • Twitter
  • YouTube

Twitter Feed

Mike McOwenFollow

Mike McOwen
PhatStartupsMike McOwen@PhatStartups·
29 Dec 2017

Why is content marketing so important? Find out here: http://thephatstartup.com/money-finance/why-your-business-needs-a-content-marketing-strategy-in-2018/

Reply on Twitter 946751505146707968Retweet on Twitter 946751505146707968Like on Twitter 9467515051467079681Twitter 946751505146707968
PhatStartupsMike McOwen@PhatStartups·
9 Oct 2017

http://yescincinnati.com/

Reply on Twitter 917521630162759681Retweet on Twitter 917521630162759681Like on Twitter 9175216301627596811Twitter 917521630162759681
PhatStartupsMike McOwen@PhatStartups·
25 Sep 2017

Wow, interesting

Forbes@Forbes

Millennial men are more likely than women to default on student debt http://on.forbes.com/60148NudC

Reply on Twitter 912458136849698816Retweet on Twitter 912458136849698816Like on Twitter 9124581368496988162Twitter 912458136849698816
PhatStartupsMike McOwen@PhatStartups·
25 Sep 2017

I LOVE Toronto! Miss that place

GO Transit@GOtransit

Explore Toronto’s art scene with GO! Enjoy special late night service during Nuit Blanche on Sept 30. https://cards.twitter.com/cards/v2l8b/4ttwx

Reply on Twitter 912458028355670017Retweet on Twitter 912458028355670017Like on Twitter 912458028355670017Twitter 912458028355670017
Retweet on TwitterMike McOwen Retweeted
BuffaloSabresBuffalo Sabres@BuffaloSabres·
25 Sep 2017

Batter's up! ⚾️ Spending quality time with our friends at @MiracleLeagueWN.

4
Reply on Twitter 912457252057034754Retweet on Twitter 91245725205703475454Like on Twitter 912457252057034754319Twitter 912457252057034754
Load More...

Blog Ideas That Make Money

Dive Into Fantasy With Some Fascinating Sci-Fi Movie Picks

Tips for Building Simple & Effective Business Website

The Benefits Of Having Business Insurance

Search

Copyright © 2023 · The Phat Startup

Copyright © 2023 · Divine Theme on Genesis Framework · WordPress · Log in