Driven by pressures for sustainable development and disruptions such as the COVID-19
pandemic, manufacturing companies in the 21st century are affected by two intertwined …

Purpose This study analyzes how tech firms can implement the modern wave of subscription-
based business model (SBBM), including value proposition, value creation, value capture …

Abstract Service-based business models have attracted growing interest as means to
capture sustainable value. There is still unclear terminology and lack of understanding on …

For several years now, the two megatrends of servitization and digitalization have had a
major impact on business in manufacturing. Servitization means the addition of …

The implementation of Industry 4.0 often entails various changes to a company's business
model. Not all companies take advantage of the new technological capabilities or create …

Demand-Driven Business Strategy explains the ways of transforming business models from
supply driven to demand driven through digital technologies and big data analytics. The …

Manufacturing companies operate in global environments where competition is increasingly
aggressive. To remain competitive, they need to differentiate themselves by updating and …

As the implementation of Industry 4.0 challenges current business models, subscription-
based models enter the market. Frontrunners offer subscriptions, eg for printing machines …

Prominent market leaders are encouraging subscriptions rather purchases of machines, for
instance. In response, a growing number of suppliers of industrial products are considering …

Manufacturing technology with its cost-and resource-intensive manufacturing machines like
machine tools, whose amortization often takes several years, is characterized by a high …