Sustainable service-based business models-Exploring the potential of digital technologies in industrial companies

Industrial companies are continuously looking for solutions to increase their competitive advantage and become sustainable. Many industrial companies have prioritised economic sustainability as means of success. However, recent decades have revealed many external pressures and these have highlighted the need for more sustainable organisations. The growing interest in sustainable alternatives has shed light on various business models which promote balance and support the path towards a more circular economy. This thesis aims to promote sustainable, service-based business models by identifying the challenges and opportunities encountered in this transition. Further, it explores the methods, tools and frameworks available in the literature and identifies the sustainability-related elements and KPIs. The results showcase a list of challenges faced by industrial companies in developing servicebased business models. For instance, there is a lack of consensus on terminology for business models, sustainability and digital technologies. Although the studies included in this thesis are from different industry sectors, the challenges found were similar. The increasing availability of digital technologies and engagement of global organisations may support the development of service-based business models. In addition, new technological opportunities, regulations and incentives can promote collaboration and responsibility in companies. This thesis systematises the existing methods, tools and frameworks and shows the extent to which they support companies as they move towards sustainability. It also provides recommendations and relevant considerations for the future development of new methods and tools. This research contributes to the systematisation of knowledge gained from the different terminologies used to refer to service-based business models. It also captures unprecedented experiences from multiple industries, such as recyclers and service providers in the maritime sector. This thesis’ findings can inform and support companies on their path to understanding and implementing service-based business models.