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Based on multiple case studies, the findings highlight the importance of information modules replacing product and service modules as the core modules for successful servitization.
For example, 3D CAD data could be used to produce a catalog for marketing and promotion of products by replacing product images, a manual provided to the customers by implementing the animation for the operation of the product and educational materials for training of service staffs by guiding maintenance instructions interactively.
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Unfortunately, IT departments have a habit of automatically replacing products after a set time.
But it was the most unsatisfying period for me – because we were cooking what we already knew, cooking existing stuff, just replacing products.
Mr. Zarella said it was too soon to forecast the economic impact of the company's lens care problem, but that Bausch would clearly have to spend tens of millions of dollars recalling and replacing products.
"The technology is capable of placing or replacing moving objects and even replacing products being handled by actors like mobile phones," he says.
Market redistribution may have resulted from providers' replacing products under price regulation with other more profitable products.
If a product is a consumable that's easily replaced, product plans should usually be kept secret.
Both push mechanisms such as grants to fund research and pull incentives such as innovation inducement prizes to replace product monopolies are needed.
The Minnesota Mining and Manufacturing Company expects to have some reformulated Scotchgard products on the market by December to replace products that were discontinued earlier this year because of health concerns.
BMC's software will replace products by various rivals now used to manage systems at Dell, which is the world's second-largest maker of personal computers and is known for efficient operations.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com