Description
In this episode, we unpack how industrial firms navigate the complex journey from selling products to delivering integrated services and solutions. We explore why servitization offers long-term competitive advantage—and why so many companies struggle to make the shift.
We examine the organizational and cultural challenges and discuss how firms must gradually build service capabilities, redesign structures, and rethink the role of their installed base.
Building on this, we look at evidence that simple add-on services rarely improve performance; instead, companies succeed when they invest in advanced service offerings and develop new capabilities in business model design, partner networks, and service delivery.
Finally, we connect these insights to an early agenda on transitioning toward service-dominant logic, showing how manufacturers must rethink customer value, co-creation, and market positioning to compete in service-centric business markets.
Listeners gain a clear, research-based roadmap for managing the servitization journey—from initial consolidation of services to advanced outcome-based models—and learn what truly differentiates companies that thrive in this transformation.
Key words: Servitization, Capabilities, Business Models, IInstalled Base, Transformation, Value Co-Creation