40
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

How Service Companies Can Benefit from Product Initiatives

Embed Size (px)

DESCRIPTION

Why every Service company may want to look at a few product innovations.

Citation preview

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