Greenturn Idea Factory Servitization Strategy Joshin John Neetha J Eappen Gunda Babi Harsha Sajil Peethambaran 2021
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Greenturn Idea Factory is a unique organization that operates as a service organization. The essence of this strategy is the creation of value and service to the customers. The organization aims to provide its services through a process of building relationships with customers. The first step in building this relationship is to offer a service, which helps in creating value for the customer. The company does this by offering value in terms of innovative ideas, solutions, and a personalized approach. The company offers services to various industries such as healthcare, agriculture, automotive, and
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“Greenturn Idea Factory’s Servitization Strategy is a unique business strategy that utilizes the benefits of the firm by using a customer service model for providing an additional product or service to the end-customer (Eco.Energy). The service is offered by providing the necessary technical assistance, maintenance, training, and even financing. The objective of this service is to enhance the profitability of the firm by expanding its base and improving overall revenue.” Section: Porters Model Overview Now tell about Porters Model Over
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The Porters Five Forces analysis is a strategic framework that helps identify competition, market dynamics, market rivalry, market power, and customer bargaining power in an industry. It is a critical tool for companies in identifying the threats, opportunities, and competitive pressures in their industry. The analysis helps a company identify the market share, market segment, production capacity, sales channels, pricing, and production cost, which can be leverage for the company. I worked as a research associate at a consulting firm, and our team worked with various companies,
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