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The evolution of value networks

Author

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  • Peki Oksanen
  • Jukka Hallikas
  • Heli Sissonen

Abstract

Customers' needs for a product define the features and attributes of its production. To meet these needs, a group of organisations with complementary strategies, resources and capabilities link together in a manner that all the participants of the consortium benefit. Organisations act in these networks collectively to produce an output that customers value enough to purchase it. However, the crucial value features of products' progress constantly depend on customers' needs. As a consequence, the value network is under a continuous and, at least, partially capricious change. The paper explores why and how the value network emerges and develops from the standpoint of the existing value network theories. The evolutionary (life cycle) perspective is used to combine the views of the different theories to construct a view that explains at least some of the reasons behind, first of all, the emergence and, secondly, development of value networks.

Suggested Citation

  • Peki Oksanen & Jukka Hallikas & Heli Sissonen, 2010. "The evolution of value networks," International Journal of Networking and Virtual Organisations, Inderscience Enterprises Ltd, vol. 7(4), pages 381-398.
    • Handle: RePEc:ids:ijnvor:v:7:y:2010:i:4:p:381-398
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    Citations

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    Cited by:

    1. Ossi Pöllänen & Leo Bhebhe, 2011. "Efficient deployment of large mobile networks," Netnomics, Springer, vol. 12(2), pages 115-132, July.
    2. Francesco Ricciotti, 2020. "From value chain to value network: a systematic literature review," Management Review Quarterly, Springer, vol. 70(2), pages 191-212, May.
    3. Marc König & Manon Enjolras & Christina Ungerer & Mauricio Camargo & Guido Baltes, 2022. "Evaluation of tech ventures' evolving business models: rules for performance-related classification," Post-Print hal-03685241, HAL.
    4. Vermeulen, Ben & De Kok, Ton, 2013. "A value network development model and implications for innovation and production network management," MPRA Paper 51393, University Library of Munich, Germany.
    5. König, Marc & Ungerer, Christina & Baltes, Guido & Terzidis, Orestis, 2019. "Different patterns in the evolution of digital and non-digital ventures' business models," Technological Forecasting and Social Change, Elsevier, vol. 146(C), pages 844-852.

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