Skip to Main content Skip to Navigation
Conference papers

How to Increase Share of Product-Related Services in Revenue? Strategy Towards Servitization

Abstract : The process of creating value by adding services to product offerings, or servitization, has flourished in recent years. Manufacturing companies increasingly produce and provide services along with or instead of their traditional physical products. The provision of product-related services in emerging economies has been neglected and can tremendously improve understanding of service growth, especially in the field of billing. The aim of this study is to examine is it worthwhile for the manufacturing companies in transition countries to offer product-related services and what strategy should they pursue to build service business model. Our analysis used the Croatian, Serbian and Slovenian dataset from the European Manufacturing Survey conducted in 2015. Empirical results revealed that in manufacturing companies in transition countries product-related services can significantly increase share of revenue. Results indicate that management in manufacturing companies should directly invoice software development and revamping, and indirectly installation, and design, as product-related service to maximize firm’s turnover and create a service business model.
Document type :
Conference papers
Complete list of metadata

Cited literature [21 references]  Display  Hide  Download
Contributor : Hal Ifip Connect in order to contact the contributor
Submitted on : Tuesday, July 9, 2019 - 1:44:29 PM
Last modification on : Wednesday, September 25, 2019 - 10:02:03 AM


Files produced by the author(s)


Distributed under a Creative Commons Attribution 4.0 International License



Ugljesa Marjanovic, Bojan Lalic, Vidosav Majstorovic, Nenad Medic, Jasna Prester, et al.. How to Increase Share of Product-Related Services in Revenue? Strategy Towards Servitization. IFIP International Conference on Advances in Production Management Systems (APMS), Aug 2018, Seoul, South Korea. pp.57-64, ⟨10.1007/978-3-319-99707-0_8⟩. ⟨hal-02177860⟩



Record views


Files downloads