Journal ArticleDOI
Collaborative networked organisations and customer communities: value co-creation and co-innovation in the networking era
David Romero,Arturo Molina +1 more
TLDR
In this article, the authors look at the network structures as a source of jointly value creation and open innovation through access to new skills, knowledge, markets and technologies by sharing risk and integrating complementary competencies.Abstract:
Strategic networks such as collaborative networked organisations (CNOs) and virtual customer communities (VCCs) show a high potential as drivers of value co-creation and co-innovation. Both look at the network structures as a source of jointly value creation and open innovation through access to new skills, knowledge, markets and technologies by sharing risk and integrating complementary competencies. This collaborative endeavour is able to enhance the adaptability and flexibility of CNOs and VCCs value creating systems in order to react in response to external drivers such as collaborative (business) opportunities. Strategic business networks are active entities continuously adapting to their environment in order to enhance their capabilities to respond to short-term business opportunities, and therefore allow their business ecosystems to follow the rhythm of industry dynamics, and customers’ changing needs and preferences. Value co-creation is the new trend in open-business models trying to integrate or...read more
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A literature and practice review to develop sustainable business model archetypes
TL;DR: In this article, sustainable business models (SBM) incorporate a triple bottom line approach and consider a wide range of stakeholder interests, including environment and society, to drive and implement corporate innovation for sustainability, can help embed sustainability into business purpose and processes, and serve as a key driver of competitive advantage.
The Future of Competition: Co-Creating Unique Value with Customers
TL;DR: Prahalad and Ramaswamy as mentioned in this paper presented a framework for co-creation of value where customer is at the centre stage, and the authors have accomplished that with aplomb.
Journal ArticleDOI
Implementation of Circular Economy Business Models by Small and Medium-Sized Enterprises (SMEs): Barriers and Enablers
Vasileios Rizos,Arno Behrens,Wytze van der Gaast,Erwin Hofman,Anastasia Ioannou,Terri Kafyeke,Alexandros Flamos,Roberto Rinaldi,Sotiris Papadelis,Martin Hirschnitz-Garbers,Corrado Topi +10 more
TL;DR: In this article, the authors investigate the barriers that prevent SMEs from realising the benefits of the circular economy and identify several enabling factors that help SMEs adopt circular economy practices.
Journal ArticleDOI
Unpacking the innovation ecosystem construct: evolution, gaps and trends
Leonardo Augusto de Vasconcelos Gomes,Ana Lucia Figueiredo Facin,Mario Sergio Salerno,Rodrigo Kazuo Ikenami +3 more
TL;DR: In this article, the authors conducted a systematic literature review from 1993 to 2016, with a hybrid methodology including bibliometric and content analysis, and identified a turning point in the literature, the transition from business ecosystem to innovation ecosystem.
References
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Competitive advantage: creating and sustaining superior performance
TL;DR: Porter's concept of the value chain disaggregates a company into "activities", or the discrete functions or processes that represent the elemental building blocks of competitive advantage as discussed by the authors, has become an essential part of international business thinking, taking strategy from broad vision to an internally consistent configuration of activities.
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Competitive Advantage: Creating and Sustaining Superior Performance
TL;DR: Porter's concept of the value chain disaggregates a company into "activities", or the discrete functions or processes that represent the elemental building blocks of competitive advantage as mentioned in this paper, has become an essential part of international business thinking, taking strategy from broad vision to an internally consistent configuration of activities.
Journal Article
From value chain to value constellation: designing interactive strategy
Richard Normann,Rafael Ramírez +1 more
TL;DR: In today's fast-changing competitive environment, strategy is no longer a matter of positioning a fixed set of activities along that old industrial model, the value chain, but of reconfigure roles and relationships among a constellation of actors in order to mobilize the creation of value by new combinations of players.
Journal ArticleDOI
Customer Satisfaction and Word of Mouth
TL;DR: In this article, the authors developed a utility-based model of the relationship between customer satisfaction and word of mouth and found that dissatisfied customers engage in more or less word-of-mouth than satisfied customers.
Journal ArticleDOI
Online Communities: Designing Usability and Supporting Socialbilty
TL;DR: Jenny Preece provides readers with an in-depth look at the design of effective online communities and details the enabling technologies behind some of the most successful online communities.