What is the difference between product based and service based IT companies?

What is the difference between product based and service
based IT companies?

Question Posted / ranu

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What is the difference between product based and service based IT companies?..

Answer / karuna

Product based company:
The company which will have their own products .These products are used by the other companies by paying money to this companies.
As sridhar ganeshan suggested Microsoft is a product based company

Service Based Company:
These companies depend on the clients.Means that,they will develop a product or an application for the other companies. Ex: TCS

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47 Yes

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What is the difference between product based and service based IT companies?..

Answer / srini

Product based companies need to have a much longer term
orientation.

While service based companies need to map the existing
business rules of a client, product companies need to
reflect emerging business rules across the domain.

Is This Answer Correct ?

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30 No

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