In this post you will understand the differences between Product Based Companies and Service Based Companies. Product based companies are those that creates some products like Oracle,Adobe are product based companies.
Service based companies are those that works on these products to provide service to the client. For Example: TCS, Wipro etc are service based companies usually use products (Oracle, Photoshop, Premier Pro) made by product based companies for various purposes.
In a service based company, the client is King. They want the customer to be happy and satisfied with the product or service offered while in a product based company, quality is king. They want the product to be top-notch so that more people will start consuming it.
Service based companies are those that works on these products to provide service to the client. For Example: TCS, Wipro etc are service based companies usually use products (Oracle, Photoshop, Premier Pro) made by product based companies for various purposes.
In a service based company, the client is King. They want the customer to be happy and satisfied with the product or service offered while in a product based company, quality is king. They want the product to be top-notch so that more people will start consuming it.
Whether you should go for product based or service based, is completely on your interest.If you are exceptionally good at coding and have a zeal to create something then go for the product based companies, otherwise service based companies are fine. But keep one thing in mind that as a fresher if you don’t get the chance to work at product company then go for a service based startup or a small company and not for MNC because in small company, you can actually learn and go for your dreams after 2–3 years.
Product based companies usually hire candidates who have very good domain knowledge and who are familiar with the latest tools and technology. Communication skills may not really matter when it comes to the recruitment process. If you are aspiring to get into a service based company then your communication skills will be as important as your technical knowledge.
In product based companies job security is higher than service based companies. Employees feels very pressure due to deadlines and targets under service based companies whereas employees in product based companies feel less pressured as compared to service based companies.
Service based companies work only when the client approach them with specific requirements.whereas product based companies create their products in advance before approach them.
Examples for Product based companies:
Amazon,flip kart,Oracle,Google etc..
Example for Service Based Companies:
TCS, WIPRO
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