Financial benefits of moving from products to product-services
Manufacturing companies have increasingly shifted towards offering industrial product-services. Authors of this paper report that although simple add-on services offer a limited impact, more advanced services are significantly associated with positive financial performance.
Read moreHow successful use of Absorptive Capacity adds value
The most effect bringers of new external ideas into an organisation, comments Phil Kennedy are individuals that are not only tech-savvy but business-savvy. He reviews a paper on absorptive capacity and offers learning points for new product development.
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