Establishing Sustainable Business Models Through Subscription in Machinery and Plant Engineering

Companies in machinery and plant engineering make a significant contribution to global greenhouse gas emissions and the use of raw materials. Therefore, they have decisive poten-tial to make better use of resources, increase efficiency and avoid overproduction with regard to a more sustainable economy. How-ever, sustainability is not necessarily an end in itself for companies and must therefore be motivated by incentives. In addition to po-litical legislation and its mandatory implementation of sustainabil-ity initiatives, there must also be financial incentives for compa-nies. In this way, sustainable companies can be successful in a competitive environment in the long term. By using subscription mod-els, companies can establish a long-term and stronger connection to the products and customers. The resulting longer and more in-tensive use of the utilized resources or the extension of the life cycle through upgrades make a significant contribution to sustainabil-ity. This paper therefore examines the effect of subscription mod-els on the establishment of sustainable business models. On the one hand, interdependencies between subscription models and sus-tainable business models are determined. On the other hand, these interdependencies are analyzed concerning influencing factors for sustainability.

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Publication Details

Published
2024-08-04
DOI
https://doi.org/10.23919/picmet64035.2024.10653390
Citations
1
Primary Topic
Service and Product Innovation
Type
article
Field-Weighted Citation Impact
0.44

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article

Establishing Sustainable Business Models Through Subscription in Machinery and Plant Engineering

Michael Riesener, Günther Schuh, Timm Schulz-Isenbeck, Carsten BoBmann et al.
1 citations
Service and Product Innovation
0.44
article

Establishing Sustainable Business Models Through Subscription in Machinery and Plant Engineering

Michael Riesener, Günther Schuh, Timm Schulz-Isenbeck, Carsten BoBmann, Jonathan Smerz, Alexander Keuper
article en
1 citations

Abstract

Companies in machinery and plant engineering make a significant contribution to global greenhouse gas emissions and the use of raw materials. Therefore, they have decisive poten-tial to make better use of resources, increase efficiency and avoid overproduction with regard to a more sustainable economy. How-ever, sustainability is not necessarily an end in itself for companies and must therefore be motivated by incentives. In addition to po-litical legislation and its mandatory implementation of sustainabil-ity initiatives, there must also be financial incentives for compa-nies. In this way, sustainable companies can be successful in a competitive environment in the long term. By using subscription mod-els, companies can establish a long-term and stronger connection to the products and customers. The resulting longer and more in-tensive use of the utilized resources or the extension of the life cycle through upgrades make a significant contribution to sustainabil-ity. This paper therefore examines the effect of subscription mod-els on the establishment of sustainable business models. On the one hand, interdependencies between subscription models and sus-tainable business models are determined. On the other hand, these interdependencies are analyzed concerning influencing factors for sustainability.

RWTH Aachen University (DE)
Deutsche Forschungsgemeinschaft
Industry, innovation and infrastructure
Openalex Percentile: Top 28%
Service and Product Innovation
0.44
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