Product Service Systems as A Driver For Business Model Innovation: Lessons Learned from the Manufacturing Industry

Velamuri V, Bansemir B, Neyer AK, Möslein K (2013)

Publication Type: Journal article

Publication year: 2013

Journal

International Journal of Innovation Management World Scientific Publishing

Publisher: Imperial College Press

Book Volume: 17

Pages Range: 1340004-1-1340004-25

Journal Issue: 1

URI: http://www.worldscientific.com/doi/abs/10.1142/S1363919613400045

DOI: 10.1142/S1363919613400045

Abstract

Firms increasingly rely on business model innovation as a means to face challenges of a world in transition. We identify the conscious integration of products and services, i.e., product service systems, as a valuable strategy to radically innovate product-focused business models. Applying an exploratory multiple case study approach, we uncover five distinct kinds of services that specifically help firms to innovate their business model. These are (1) business consulting, (2) comprehensive services, (3) educational services, (4) financing services, and (5) information management services. The influence of these services on three components of business model innovation (value propositions, value chain architectures, and revenue streams) is discussed. In total, our study emphasizes that integrating specific services with products is an important driver for business model innovations. © 2013 Imperial College Press.

Authors with CRIS profile

Kathrin Möslein Chair of Information Systems I, Innovation and Value Creation

Involved external institutions

Martin-Luther-Universität Halle-Wittenberg (MLU) DE Germany (DE) HHL Leipzig Graduate School of Management DE Germany (DE)

How to cite

APA:

Velamuri, V., Bansemir, B., Neyer, A.-K., & Möslein, K. (2013). Product Service Systems as A Driver For Business Model Innovation: Lessons Learned from the Manufacturing Industry. International Journal of Innovation Management, 17(1), 1340004-1-1340004-25. https://doi.org/10.1142/S1363919613400045

MLA:

Velamuri, Vivek, et al. "Product Service Systems as A Driver For Business Model Innovation: Lessons Learned from the Manufacturing Industry." International Journal of Innovation Management 17.1 (2013): 1340004-1-1340004-25.

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