Leading Entrepreneurship

with Daniel James Scott

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Product Versus Technology

October 16th, 2009 · No Comments ·

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?

Tags: Entrepreneurship · Startup · Strategy + Execution