Abstract: servitization of manufacturing and business model innovation highly coincide with goal, connotation, influence and research tendency, and value creation and related items combine servitization of manufacturing and business model innovation. This paper aims to explore the general process of servitization of manufacturing with the perspective of value creation, and summaries the relationship between the stages of servitization of manufacturing and value creation under an ideal condition, and the value of service increases with the level of servitization of manufacturing and exceeds the value of products. And then, the authors promote the strategies of business model of different stages of servitization of manufacturing considering the characters of servitization of manufacturing and fundamental elements of business model. At last, we conclude the research and point the limitations.

摘要： 制造业服务化与商业模式创新在目标、内涵、影响以及研究趋势上具有高度的一致性，在研究内容上两者以价值创造及相关主题予以连接。本文从价值创造的视角，系统的阐述了制造业服务化各阶段价值创造的一般特性，并归纳出理想条件下制造业服务化阶段与价值创造的变化趋势，即服务创造的价值随着制造业服务化程度的提高呈上升趋势，并逐步超过产品所创造的价值。在此基础上，结合商业模式创新的相关理论与要素组成，针对制造业服务化不同阶段特征，提出与之相匹配的商业模式创新策略。最后，总结全文并指出研究的局限性。

关键词: 制造业服务化, 商业模式创新, 策略选择, 价值创造