Short answer
Integrate collaborative strategies and lifecycle thinking into the design process for industrial products, focusing on the creation of sustainable product-service systems.
- Field
- Innovation & Markets
- Source
- Academic Publication (2017)
- Method
- Case study and collaborative research project
- Sample
- 20 organizations
- Evidence
- Strong effect
Companies must foster collaborative value creation across their value networks to develop economically and environmentally sustainable solutions for long-life industrial assets. This innovation & markets research insight is drawn from a 2017 study published in Academic Publication. Using Case study and collaborative research project with 20 organizations, researchers explored how this design variable affects real-world outcomes. The key design takeaway: Integrate collaborative strategies and lifecycle thinking into the design process for industrial products, focusing on the creation of sustainable product-service systems.
Collaborative Value Creation is Key for Long-Life Industrial Assets
Companies must foster collaborative value creation across their value networks to develop economically and environmentally sustainable solutions for long-life industrial assets.
Academic Publication · 2017
Key Findings
- 01Concurrent trends (economic, political, technological, social) are fundamentally impacting industries.
- 02Long-life industrial assets require economically and environmentally sustainable solutions.
- 03New business models based on collaborative value creation are imperative for these assets.
Application
Design takeaway
Integrate collaborative strategies and lifecycle thinking into the design process for industrial products, focusing on the creation of sustainable product-service systems.
How to apply
When designing industrial products intended for long service lives, proactively engage with potential partners across the value chain to co-develop business models that ensure ongoing value and sustainability.
Project actions
- 01Consider the business model implications of your design choices.
- 02Think about who else is involved in the product's lifecycle and how you can collaborate.
Method & Evidence
Variables
Strengths & Limitations
Strengths
- +Multi-stakeholder involvement provides a comprehensive perspective.
- +Focus on both economic and environmental aspects addresses a critical industry need.
Limitations
The specific collaborative models may be industry-dependent.
Reliability & validity
The findings are derived from a collaborative research project, suggesting a degree of practical validation. However, the generalizability may be limited by the specific organizations and context involved.
Think critically
To what extent does the complexity of managing long-life assets through collaboration outweigh the benefits of traditional, siloed approaches?
Design Principles
"Design for collaborative value creation and long-term sustainability in product-service systems."
The nature of industrial products is shifting towards product-service systems. Adapting to this requires a strategic approach that extends beyond individual company capabilities, necessitating deep collaboration with partners to ensure long-term viability and sustainability.
What This Means for Your Design
For big, long-lasting industrial products, companies need to work together and come up with new ways of doing business to make sure they are good for the environment and make money over time.
How to use in your project
- 1.Reference this research when discussing the need for lifecycle thinking and stakeholder collaboration in your design project.
Add to My Project
Quick Cite
Paragraph starter
The dynamics of long-life industrial assets necessitate a shift towards collaborative value creation across the value network. Research indicates that for product-service systems with extended lifecycles, both economic and environmental sustainability are paramount, requiring innovative business models and close cooperation between diverse organizations, including manufacturers, research institutions, and universities.
Source
Questions About This Research
- What does the research say about collaborative value creation is key for long-life industrial assets?
- Integrate collaborative strategies and lifecycle thinking into the design process for industrial products, focusing on the creation of sustainable product-service systems. Evidence: Academic Publication (2017).
- Why does "Collaborative Value Creation is Key for Long-Life Industrial Assets" matter for design?
- The nature of industrial products is shifting towards product-service systems. Adapting to this requires a strategic approach that extends beyond individual company capabilities, necessitating deep collaboration with partners to ensure long-term viability and sustainability.
- How can designers apply this research?
- Integrate collaborative strategies and lifecycle thinking into the design process for industrial products, focusing on the creation of sustainable product-service systems.
- What were the main findings?
- Concurrent trends (economic, political, technological, social) are fundamentally impacting industries.. Long-life industrial assets require economically and environmentally sustainable solutions.. New business models based on collaborative value creation are imperative for these assets.
- What research method was used?
- Case study and collaborative research project with 20 organizations.
- How strong is the evidence?
- Evidence strength is rated Strong effect, based on a 2017 journal from Academic Publication.
- What should I do differently in my next project?
- When designing industrial products intended for long service lives, proactively engage with potential partners across the value chain to co-develop business models that ensure ongoing value and sustainability.
- What are the limitations?
- The findings are based on a specific research project and may not be universally applicable without adaptation.