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Functional Product Business Models: A Review of the Literature and Identification of Operational Tactical Practices
Luleå University of Technology, Department of Business Administration, Technology and Social Sciences, Innovation and Design.ORCID iD: 0000-0002-8939-5509
Luleå University of Technology, Department of Business Administration, Technology and Social Sciences, Innovation and Design.
Luleå University of Technology, Department of Business Administration, Technology and Social Sciences, Innovation and Design.ORCID iD: 0000-0003-3255-414X
Volvo Construction Equipment.
2014 (English)In: Procedia CIRP, ISSN 2212-8271, E-ISSN 2212-8271, Vol. 22, 157-162 p.Article in journal (Refereed) Published
Abstract [en]

Offering functional products (FP) are beginning to emerge as a growing trend within industrial firms driven by the desire to achieve economic performance and sustainable resource management goals. Nevertheless, our knowledge about how companies can adopt and implement FP has remained limited. In this study, we conduct a systematic literature review related to FP business models and tactical practices to advance the understanding regarding FP implementation. Based on the in-depth analysis of 48 articles, we develop a framework that proposes a link between FP business models and tactics. We further link FP business models to five operational level tactics, which can ensure the degree of their implementation and value generation. The identified tactical sets are contract, marketing, network, product design, and sustainability aspects.

Place, publisher, year, edition, pages
2014. Vol. 22, 157-162 p.
National Category
Other Engineering and Technologies not elsewhere specified
Research subject
Entrepreneurship and Innovation
Identifiers
URN: urn:nbn:se:ltu:diva-40267DOI: 10.1016/j.procir.2014.07.022Local ID: f5544cf0-2a3b-46f1-9234-8219b3070948OAI: oai:DiVA.org:ltu-40267DiVA: diva2:1013789
Conference
International Conference in Through-life Engineering Services : 3rd International Conference On Through-life Engineering Services 04/11/2014 - 05/11/2014
Note
Validerad; 2014; 20141104 (andbra); Konferensartikel i tidskriftAvailable from: 2016-10-03 Created: 2016-10-03 Last updated: 2017-11-30Bibliographically approved

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Reim, WiebkeSjödin, David RönnbergParida, Vinit
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