World Languages Lexicon
10 Language-to-English DictionariesServitization
/ˌsɜːr.vɪ.tɪˈzeɪ.ʃən/Comprehensive Definitions & Senses
2 senses- 1
The process of creating value by adding services to products.
"Many manufacturing companies are focusing on servitization to enhance customer satisfaction and loyalty." - 2
A business strategy that emphasizes the delivery of services in addition to traditional product sales.
"The servitization of the automotive industry has led to new revenue streams through maintenance and software updates."
Thesaurus & Semantic Spectrum
Linguistic Origin & Historical Etymology
The term 'servitization' is derived from the combination of 'service' and the suffix '-ization', indicating the process of transforming a business model from a product-centric to a service-oriented approach. It emerged in the late 20th century as industries began to recognize the value of service offerings alongside traditional products.
Which of the following is the closest synonym for "Servitization"?
10 Global Lexicons: How "Servitization" is said worldwide
Click any language below to open its dedicated Language to English dictionary page with native script & transliteration
Servitisation
Transliteration: sɛʁ.vi.ti.za.sjɔ̃
"La servitisation est essentielle pour les entreprises modernes."
Servitization
Transliteration: zɛʁ.vɪ.tɪ.ʦa.t͡si̯oːn
"Die Servitization verändert die Art und Weise, wie Unternehmen arbeiten."
Servitizzazione
Transliteration: ser.vi.tit.tsa.ʦjo.ne
"La servitizzazione è una strategia chiave per le aziende moderne."
Servitización
Transliteration: seɾ.βi.ti.θa.θjon
"La servitización está revolucionando el sector industrial."
Servitização
Transliteration: seʁ.vi.t͡si.ˈza.sɐ̃w
"A servitização é uma tendência crescente nas empresas."
सेवा-निर्माण
Transliteration: sevā-nirmāṇ
"सेवा-निर्माण उद्योग में एक महत्वपूर्ण प्रवृत्ति है।"
服务化
Transliteration: fúwù huà
"服务化正在改变商业模式。"
서비스화
Transliteration: seobiseuhwa
"서비스화는 기업의 경쟁력을 높이고 있습니다."
サービス化
Transliteration: sābisu-ka
"サービス化は企業戦略の重要な要素です。"
Related Vocabulary Words to Explore
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