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Planned Obsolescence: A Model for Economic Success and Environmental Failure
Planned obsolescence is a highly controversial and debated business strategy, whereby products are deliberately designed with a finite and often restricted lifespan, pushing consumers to purchase replacements or newer models. This concept essentially revolves around the premeditated idea that after a certain period or amount of use, a product will become obsolete, dysfunctional, or unfashionable.…
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Why Most Subscription Services Fail and How to Make Yours Last
The idea of selling products as a service is booming. Instead of a one-time sale, companies want ongoing relationships with customers for predictable, recurring revenue. Think of Rolls-Royce charging for “hours of power” from its jet engines, not the engines themselves. However, the reality is harsh: most subscription services fail, often within the first year.…
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Product-as-a-Service: A Key Component for Achieving a Circular Economy
Product-as-a-Service (PaaS) represents a transformative business model that shifts focus from product ownership to fulfilling customer needs through servitization. It combines physical products and services, paving the way for closer customer relationships, extended company responsibility throughout the product lifecycle, and fostered sustainability through more efficient use of material and energy. This model, aligning closely with the circular…