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This is gradually leading to a business shift from delivering traditional transaction-based, product-centric offering to the provision of integrated product-service systems (PSS).
It is hard to overemphasize the importance of this business shift from the U.S. middle class to the rich at home and the hundreds of millions graduating into the middle class in the emerging markets.
Michael Kay, the owner of Lyric High Fidelity and one of the first dealers to specialize in selling high end audio, has seen the bulk of his business shift to home theater.
A hands-on CEO could not possibly look after all stakeholders in the business, shift the business strategy, edit the latest dear-client letter and get a good night's sleep.
He also acknowledges the cultural and indeed business shift that has taken place in recent years at the network, and not for the first time in my conversations with ESPN staffers, he references the 2006 World Cup.
It's a culture and business shift on which we're waiting.
Similar(44)
"We see many aspects of the business shifting".
As Japan gradually eased these restrictions, some of the offshore business shifted back to Tokyo.
The public's attitude toward business shifted again in the 1980's.
When Yamaha's business shifted to engines and motorbikes in the 1970s, ASTI adapted its wire harness for automotive use.
A half-century ago, mainframe computers were assembled in the area, before the business shifted to Silicon Valley.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com