PRODUCT BASED COMPANIES VS SERVICE BASED COMPANIES

PRODUCT BASED COMPANIES Vs SERVICE BASED COMPANIES

Today, let us try to understand how actually product based companies and service based companies work through this particular blog.

PRODUCT BASED COMPANY -

A product based company is the one which works on a particular product from prototype i.e idea to making it. They design particular product on their own. Getting into product based companies can be quite competitive. They require a highly skilled professional. By combining mathematics with Technology they develop a solution in the form of product to a particular problem. Work load is less here as compared to service based company but its challenging since you have to work and do everything by your own from scratch. Also, salary which product based companies give is much more greater than service based companies. A product is being prepared in the company itself. This particular companies require each type of employee like mechanical, electrical, electronics, IT in order to apply knowledge while designing and prototyping it. These are some of the product based companies-

SERVICE BASED COMPANY -

A service based company is the one which solve business problems and work for other companies and organizations. They mainly focus on problem solving skills. Workload here is little bit less as compared to product based companies. These are the mass recruiters when it comes to the placement. Here, you will be working in with a team. There are deadlines been given to all projects but in product based based company you can pace it on your own. Deadlines are to be strictly followed in service based companies. When it comes to career growth opportunities both of them are equivalent in terms of it, but the only thing is you must work a little bit harder to grow. They work by combining three important factors which include math, technology and business. Below are some of the Service based IT consulting firms-