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Scientific journal “Vestnik NSUEM”

2014 year, number 4

SERVICE LEVER AND ACCESS TO COMPANY’S PRODUCTION ASSETS

I.D. Kotlyarov
National Research University Higher School of Economics, Printers' union st., 16, St. Petersburg, 190008, Russia
Keywords: servitization, service lever, production assets

Abstract

The fast growth of the industry of services produces the need for theoretical analysis of influence of this growth on the model of functioning of economic agents. Many aspects of this influence still remain unexplained. Among these aspects one should cite the influence of the transition towards service economy of the model of formation of company’s productive assets. The goal of the present research is to find and to analyze possibilities and risks that appear before companies in the field of formation of productive assets. In order to reach this goal I analyzed the economic nature of service. I demonstrate that the service is a temporary right to use provider’s assets in order to produce customer’s value. This right to use external assets generates a service lever - the value of assets used by companies is much higher than financial resources these companies have. Investment are replaced by current expenses. The service lever allows companies to attract large assets for their eco- nomic activity. The temporary nature of the right to use provider’s resources produces the risk that the provider may deny access to these resource to economic and politic reasons. Therefore companies should build a multi-level system of asset formation depending of asset’s economic importance, price and risks.