Business models in project-based firms – Towards a typology of solution-specific business models

Project suppliers are taking increasing responsibility for their customers’ businesses by servicing and operating their installed base of equipment. Simultaneously, the locus in value creation in the project suppliers’ deliveries and business models has changed from short-term project deliveries to also include the operation of systems. We analyze five solutions delivered by a power plant supplier firm. The term ‘solution’ here refers to an...