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.
Authors
- Michael Riesener (ORCID: https://orcid.org/0000-0001-8633-7728)
- Günther Schuh (ORCID: https://orcid.org/0000-0002-6076-0701)
- Timm Schulz-Isenbeck
- Carsten BoBmann
- Jonathan Smerz
- Alexander Keuper
Institutions
- RWTH Aachen University (DE)
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
Funders
- Deutsche Forschungsgemeinschaft