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Product-Service Systems: How they work for companies like Rolls-Royce
Product-service systems (PSS) and servitization are two concepts that are increasingly being adopted by businesses to provide a more integrated and comprehensive approach to meeting customer needs. PSS is a business model where companies offer a combination of goods and services as a complete package, while servitization is the transformation of traditional product-based companies into…
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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…
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Commown offers electronics as a service – how their cooperative model benefits Product-as-a-Service
Full disclosure: Authors Yana Mechielsen and Robin Angelé both work at Commown “The cooperative for sustainable electronics”. The electronics industry generates a huge amount of negative externalities, from the mines to the products’ end-of-life. According to UNICEF, about 40,000 children work up to 12 hours a day in mines in southern DRC. Mining the valuable…
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PaaS Circular Economy Fueled by Millennials
The PaaS industry and the circular economy are being driven by millennials. They have been restructuring and disrupting long established industries to mold them into their unique lifestyle.