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Dynamic exchange capabilities for value co-creation in ecosystems

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  • Siaw, Christopher Agyapong
  • Sarpong, David

Abstract

Open sources and digital platforms offer significant opportunities for knowledge-intensive entrepreneurship (KIE) firms to participate on the platforms of existing firms while enabling the existing firms to develop dynamic capabilities (DC). However, the processes through which KIE and existing firms co-create and co-capture value from each other in ecosystems remain less understood. Synthesizing the diverse streams of literature on DC development in ecosystems, entrepreneurial ecosystems development by KIE firms, and service-centred views of value co-creation, we develop what we refer to as a ‘dynamic exchange capabilities (DEC) framework’ to delineate the processes through which firms co-create and co-capture value in ecosystems. Emphasizing the transience and potential trajectory of exchanges in ecosystems, we highlight how potential benefits of exchanges in ecosystems may affect the relationships and resource integration of both existing and KIE firms. The implications for the theory and practice of dynamic exchange capabilities for value co-creation are outlined.

Suggested Citation

  • Siaw, Christopher Agyapong & Sarpong, David, 2021. "Dynamic exchange capabilities for value co-creation in ecosystems," Journal of Business Research, Elsevier, vol. 134(C), pages 493-506.
    • Handle: RePEc:eee:jbrese:v:134:y:2021:i:c:p:493-506
    DOI: 10.1016/j.jbusres.2021.05.060
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    3. Alharmoodi, Ahmed Abdulla & Khan, Mehmood & Mertzanis, Charilaos & Gupta, Shivam & Mikalef, Patrick & Parida, Vinit, 2024. "Co-creation and critical factors for the development of an efficient public e-tourism system," Journal of Business Research, Elsevier, vol. 174(C).
    4. Viglia, Giampaolo & Pera, Rebecca & Dyussembayeva, Shynar & Mifsud, Matthieu & Hollebeek, Linda D., 2023. "Engagement and value cocreation within a multi-stakeholder service ecosystem," Journal of Business Research, Elsevier, vol. 157(C).
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    7. Brecht, Stacy & Le Loarne-Lemaire, Séverine & Kraus, Sascha & Maalaoui, Adnane, 2023. "The role of time management of female tech entrepreneurs in practice: Diary and interview results from an innovative cluster," Journal of Business Research, Elsevier, vol. 163(C).
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    9. Bejjani, Melissa & Göcke, Lutz & Menter, Matthias, 2023. "Digital entrepreneurial ecosystems: A systematic literature review," Technological Forecasting and Social Change, Elsevier, vol. 189(C).
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