Servitization in Manufacturing Firms and Business Performance: A Systematic Literature Review
Maheepala S.D.S.R, Warnakulasooriya B.N.F, Weerakoon Banda Y.K
Abstract
Broadening a firm’s offer beyond manufacturing has become a prevalent way of increasing performance
and staying ahead of competition. It is important to derive clarity between the servitization and related
constructs. Further, the relevance in servitization and business performance related constructs are not
conclusive. This paper attempt to address above gaps in the literature. Authors have conducted a systematic
review of the literature in the area of servitization of manufacturing. Through the systematic review, 350
abstracts were narrowed down and 115 articles were studied in full. Out of 115 articles 40 publications central to
the study was identified and findings were reported according to a thematic analysis. Servitization is the strategy
of service integration into the core business in manufacturing organizations in order to enhance the business
performance and competitive position of the organization. Servitization of manufacturing tend to emphasize the
potential to maintain business growth, profitability, differentiation, and competitive advantage.
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