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How Service Companies Can Benefit from Product Initiatives

Date post: 22-Apr-2015
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Why every Service company may want to look at a few product innovations.
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About Me 1.Serial entrepreneur – co-founded two companies in India and two in USA 2.Current company – iMorph – Tools for Information and Intelligence 3.One of the mentors at Nasscom Mentoring Group in Chennai 4.Started and run the Startup Special Interest Group at TiE Chennai 5.Mentor a few product companies 6.Chief mentor of an Innovation Cell at an Engineering college in Chennai 7.Code for fun
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Page 1: How Service Companies Can Benefit from Product Initiatives

About Me

1. Serial entrepreneur – co-founded two companies in India and two in USA

2. Current company – iMorph – Tools for Information and Intelligence

3. One of the mentors at Nasscom Mentoring Group in Chennai4. Started and run the Startup Special Interest Group at TiE

Chennai5. Mentor a few product companies6. Chief mentor of an Innovation Cell at an Engineering college

in Chennai7. Code for fun

Page 2: How Service Companies Can Benefit from Product Initiatives

Services and Products

Page 3: How Service Companies Can Benefit from Product Initiatives

Services Are AGreat Way To Start a Business

Page 4: How Service Companies Can Benefit from Product Initiatives

Services HaveLess Risks

Page 5: How Service Companies Can Benefit from Product Initiatives

Services MarketingIs a Well Established Process

Page 6: How Service Companies Can Benefit from Product Initiatives

Services Business ModelsAre Proven

Page 7: How Service Companies Can Benefit from Product Initiatives

Services Delivery Models Are Well Established

Page 8: How Service Companies Can Benefit from Product Initiatives

Services HaveA Few Problems

Page 9: How Service Companies Can Benefit from Product Initiatives

Services Heavily Rely OnPeople

Page 10: How Service Companies Can Benefit from Product Initiatives

Services Margins DiminishAs More Competitors Arrive

Page 11: How Service Companies Can Benefit from Product Initiatives

Service RevenuesDepend On People’s Time

Page 12: How Service Companies Can Benefit from Product Initiatives

What about Products?

Page 13: How Service Companies Can Benefit from Product Initiatives

Products Have A Higher Risk Profile

Page 14: How Service Companies Can Benefit from Product Initiatives

Products Have A Higher Potential Reward

Page 15: How Service Companies Can Benefit from Product Initiatives

Products Require A Culture of Innovation

Page 16: How Service Companies Can Benefit from Product Initiatives

Products Have A Different Development Model

Page 17: How Service Companies Can Benefit from Product Initiatives

Products Have A Different Business Model

Page 18: How Service Companies Can Benefit from Product Initiatives

Products Have A Different Delivery Model

Page 19: How Service Companies Can Benefit from Product Initiatives

Products RequireUnderstanding

Page 20: How Service Companies Can Benefit from Product Initiatives

Products RequireUnderstanding A Domain

Page 21: How Service Companies Can Benefit from Product Initiatives

Products RequireUnderstanding Technology

Page 22: How Service Companies Can Benefit from Product Initiatives

Products RequireUnderstanding Customer Needs

Page 23: How Service Companies Can Benefit from Product Initiatives

Products RequireUnderstanding Customer Needs

Page 24: How Service Companies Can Benefit from Product Initiatives

Products Are Easier to Scale

Page 25: How Service Companies Can Benefit from Product Initiatives

Products Depend On Innovation and IP

Page 26: How Service Companies Can Benefit from Product Initiatives

Products Depend On Finding a Niche

Page 27: How Service Companies Can Benefit from Product Initiatives

Products Depend On Finding Funding

Page 28: How Service Companies Can Benefit from Product Initiatives

Products Depend On Exploration

Page 29: How Service Companies Can Benefit from Product Initiatives

However Once You Get A Successful Product

Page 30: How Service Companies Can Benefit from Product Initiatives

You Have Better Margins

Page 31: How Service Companies Can Benefit from Product Initiatives

You Have Higher Market Value

Page 32: How Service Companies Can Benefit from Product Initiatives

You Are Less Dependent On Head Count

Page 33: How Service Companies Can Benefit from Product Initiatives

You Can Afford to beSmall

Page 34: How Service Companies Can Benefit from Product Initiatives

So, How Do We Go From Services to Products?

Page 35: How Service Companies Can Benefit from Product Initiatives

Products AsLead Generators for Services

Page 36: How Service Companies Can Benefit from Product Initiatives

Productized Services

Page 37: How Service Companies Can Benefit from Product Initiatives

Products Delivered As Services

Page 38: How Service Companies Can Benefit from Product Initiatives

Products Generate Service Business

Page 39: How Service Companies Can Benefit from Product Initiatives

Next Steps?

Page 40: How Service Companies Can Benefit from Product Initiatives

ThanksDorai Thodla

[email protected]: @dorait


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