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1. Service economy - Wikipedia
Description: In the management literature this is referred to as the servitization of products or a product-service system. Virtually every product today has a service component to it. ... (IBM, 2010). However, what are the key drivers for reshaping the business model of the company? Baines, Lightfoot, & Kay (2006) name three main sets of factors that ...
2. Servitization | The Manufacturing Business Model Explained
Description: What is Servitization? In its simplest terms, servitization refers to industries using their products to sell “outcome as a service” rather than a one-off sale. Netflix and Spotify are probably the most well-known example of this, delivering media as a service, rather than customers buying the CDs, DVDs et cetera that produce those outcomes.
3. Servitization as a Product Strategy | Accenture
Description: May 13, 2021 · By methodically embedding each of the six business architectural blocks into the business and operating model, organizations can safely pivot to a sustainable servitization model. They can deliver outcomes to customers rather than products. And they can drive superior customer satisfaction to maximize their margins.
4. What Is XaaS? Everything as a Service Explained - BMC Blogs
Description: Nov 24, 2020 · What is servitization? With the massive success of subscription-based business models, more organizations are looking to get in on the action by leveraging “servitization”—the combination of products and services into a single package. To succeed, the goal of servitization must be more than just milking more money from customers.
5. TotalCare® | Rolls-Royce
Description: May 04, 2022 · Our TotalCare ® circular business model helps us to reduce waste and optimise resource efficiency, whilst enabling our customers to maximise the flying potential of their engines. ... By keeping engines flying for longer there is less demand for new products and components that require complex materials and are expensive and resource intensive ...
6. Product and service innovation: Comparison between …
Description: Their study revealed that the new servitization business did not reduce the profitability of the traditional manufacturing business model. Ha, Lee and Kim (2016) examined the efficiency of small and medium-sized Korean manufacturing firms through data envelopment analysis (DEA). By comparing the efficiencies of servitized and non-servitized ...
7. JOItmC | Free Full-Text | Development of Business Models in the …
Description: Mar 30, 2022 · Ubiquitous digitization, changing competitive intensity, and rapid development of new technologies are shaping the new business landscape, creating new opportunities for consumers and businesses. There is a need to create open business models that allow for the introduction of open innovations, rapid reorganization of processes, and flexibility in adapting …
8. (PDF) Sustainable Business Strategy - ResearchGate
Description: Sustainable business strategy is the integration of economic, environmental, and social aims into a firm’s goals, activities, and planning, with the aim of creating long-term value for the firm ...
9. (PDF) Business models in construction companies - ResearchGate
Description: The literature on business models is filled with great stories of how the right business model may change the f ate o f virtually an y thing. Magretta (2002) even define d busi ness models as ...
10. Digital transformation in business and management research: An …
Description: Apr 01, 2022 · Frank, Mendes, Ayala, and Ghezzi (2019) proposed a conceptual framework connecting servitization and Industry 4.0 while taking a business model innovation perspective. Furr and Shipilov (2019) showed how manufacturers successfully responded to the digital challenge by making major changes to their manufacturing processes, distribution channels ...