A Critical Analysis of the HVAC Business Model to Determine Its Success Criteria
Muhammad Awais Javed , School of Business, International American University, Main Campus, Los Angeles, 90010, CA, USAAbstract
Air conditioning sales in Pakistan have scarcely risen in the recent decade. Air conditioning firms would face stiff competition in this stagnating industry. Some organizations realize that combining goods and services to meet consumer requirements and boost efficiency may boost profits. This Sovietization business model will shift distributors from product-centered to service-centered. Sovietization is not new in Pakistan's air conditioning sector, but it is not widely applied and some operations fail. Pakistan has limited ventilation and air conditioning business model studies. Successful Sovietization deployment requires understanding its components and their effects. This article examines the important success aspects of ventilation and air conditioning Sovietization in Pakistan and how they benefit stakeholders. The author will identify candidate success criteria through literature studies, expert interviews, and surveys. The Dematel approach ranks essential success elements. This research will improve knowledge of the Sovietization business model in Pakistan and foster innovation.
Keywords
HHVAC business, profitability, Sovietization deployment
References
Ali, S., Ullah, H., Akbar, M., Akhtar, W., & Zahid, H. (2019). Determinants of consumer intentions to purchase energy-saving household products in Pakistan. Sustainability, 11(5), 1462.
Almeida, N., Trindade, M., Komljenovic, D., & Finger, M. (2022). A conceptual construct on value for infrastructure asset management. Utilities Policy, 75, 101354.
Auguste, B. G., Harmon, E. P., & Pandit, V. (2006). The right service strategies for product companies. McKinsey Quarterly, 1, 40.
Baykasoğlu, A., Kaplanoğlu, V., Durmuşoğlu, Z. D., & Şahin, C. (2013). Integrating fuzzy DEMATEL and fuzzy hierarchical TOPSIS methods for truck selection. Expert systems with applications, 40(3), 899-907.
Chang, H. H., Wang, Y. H., & Yang, W. Y. (2009). The impact of e-service quality, customer satisfaction and loyalty on e-marketing: Moderating effect of perceived value. Total quality management, 20(4), 423-443.
Deng, Y., Gou, Z., Gui, X., & Cheng, B. (2021). Energy consumption characteristics and influential use behaviors in university dormitory buildings in China's hot summer-cold winter climate region. Journal of Building Engineering, 33, 101870.
Gerasymenko, V., De Clercq, D., & Sapienza, H. J. (2015). Changing the business model: effects of venture capital firms and outside CEOs on portfolio company performance. Strategic Entrepreneurship Journal, 9(1), 79-98.
Kobryń, A. (2017). DEMATEL as a weighting method in multi-criteria decision analysis. Multiple Criteria Decision Making, 12, 153-167.
Malkani, M. S., & Mahmood, Z. A. F. A. R. (2016). Mineral resources of Pakistan: a review. Geological Survey of Pakistan, Record, 128, 1-90.
Mushore, T. D., Odindi, J., Dube, T., & Mutanga, O. (2017). Understanding the relationship between urban outdoor temperatures and indoor air-conditioning energy demand in Zimbabwe. Sustainable Cities and Society, 34, 97-108.
Mazhar, U., Jin, S., Hu, T., Bilal, M., Ali, M. A., & Atique, L. (2022). Long-time variation and mechanism of surface energy budget over diverse geographical regions in Pakistan. IEEE Journal of Selected Topics in Applied Earth Observations and Remote Sensing, 15, 5203-5213.
Narayanan, V. G., & Raman, A. (2004). Aligning incentives in supply chains. Harvard business review, 82(11), 94-103.
Oe, H., & Yamaoka, Y. (2023). Organisational performance in the post-COVID era led by top leadership: Focus on the mediating effects of value co-creation mindset.
Pan, X., Khan, A. M., Eldin, S. M., Aslam, F., Rehman, S. K. U., & Jameel, M. (2024). BIM adoption in sustainability, energy modelling and implementing using ISO 19650: A review. Ain Shams Engineering Journal, 15(1), 102252.
Porter, M. E., & Kramer, M. R. (2002). The competitive advantage of corporate philanthropy. Harvard business review, 80(12), 56-68.
Walker, D. (2013). Capacity planning and change management in an aerospace overhaul cell (Doctoral dissertation, Massachusetts Institute of Technology).
Article Statistics
Copyright License
Copyright (c) 2024 Muhammad Awais Javed, Mahfuz Alam
This work is licensed under a Creative Commons Attribution 4.0 International License.