| SERVICE INNOVATION
Nowadays, products and services are joined inextricably to each other. The market no longer asks for physical products, but services for improving their own operation. The most recent development is that the services are marketed more prominently than the physical products. The product is worth nothing without the related service. Examples are:
Firms with a mutual interest in success have to cooperate for the development of new services or to improve the existing ones. Service organisations must review their "products". When a service needs a physical product, the ownership of this product should possibly be financed alternatively. Service innovation requires organisations from different branches to work together for developing new product-market-combinations. Initiators of new services or improving the existing ones should examine the support of intelligent products. Entrepreneurial partners must take the challenge of service optimisation for customer's satisfaction thus generating more turnover in alternative distribution channels. |
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