Leading Entrepreneurship

Yes, there is a difference between a product and a technology.

To start with, products are born from technology, not the other way around. However, a few more distinctions may be helpful:

• Products require people
• Products have a specific market
• Products have market positioning
• Products have a roll-out plan
• Products have competition
• Products have a business model
• Products require (non-grant) financing
• Products have development cycles
• Products have prototypes
• Products have release schedules
• Products have emotional appeal

Anything missing?