Commentators suggest that to survive in developed economies manufacturing firms have to move up the value chain, innovating and creating ever more sophisticated products and services, so they do not have to compete on the basis of cost. While this strategy is proving increasingly popular with...

Purpose – The servitization of manufacturing is a wider and complex field of research interest. A trend in which manufacturing firms adopt service components in their offerings is defined as the servitization. The purpose of this paper is to report the literature in the servitization and...

Servitization is the activity of selling the services provided by the product rather than the product itself. It is a business model that might be environmentally superior to conventional selling. Servitization promises accessibility to the product's functionality, pooling of consumer use, and...