SERVICE LEVER AND ACCESS TO COMPANY’S 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 economic  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.