Skill Slash

1656333039

Product Based Companies v.s Service Based Companies

                                                                                                                                                                                                                                                                                                                                                                                                                                                                   

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       

                                                                                                                                                                                                                                                                                                                                         

                                     

                                                                                                                                                                                                                                                                                                                                                                                                                                                             

 

                       

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Product-Based CompanyService-Based Company

A company or business that possesses their own product to offer to the market.

 

Examples – Adobe, Google, Facebook, etc

A company that might or might not possess their own product. However, their primary business is providing a certain service. We may even say that they work for product-based companies.

 

Example - Infosys, Wipro, TCS, Cognizant, etc.

Such a company does recruitment from country’s top colleges (such as IIT and NIT), and rarely conducts any interview at Tier 3 institutes.Such a company takes part in mass recruitment, and mostly does campus placement.
Provides a competitively high salary and a hike. Additionally, salary is revised here based on the cost of living.Provides a much less competitive salary and hike.
Creates various interview rounds, and cracking its interview is way harder than one compared to a service-based company.Cracking interviews here is, by a long margin, easy and it has way less interview rounds.
For such companies, the learning curve is amazing, optimized, and various means are leveraged to keep it the same. You are even exposed to the latest technologies and innovation.For such a company, the learning curve is pretty average, and most freshers and juniors are put into projects where they don’t have the leeway to select their domain.
It has flexible work timings, and you’re only expected to complete the daily work provided to you in the mentioned time frame.It includes strict working hours, typically from 7 to 10 hours daily.
Job security is much higher in such a companyJob security is little to none due to mass recruitment and availability
Such companies invest a ton on marketing and advertising opportunities.Here, the spend on marketing and advertising is slim to none since the company directly contacts the client.
They have a quick turnaround time since the customer instantly purchases the product.They have a very low turnaround time, and are entirely dependent on customer needs and requirements.

 

                                                                 

                                                                                                                                                                                                     

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