Knowledge Tree
value creation
Also known as: economic value creation
Facts (33)
Sources
Business ecosystems as a way to activate lock-in in business models link.springer.com Mar 28, 2025 15 facts
claimA complementarity-oriented business model theme is defined as a model where a synchronized bundle of multiple offerings creates additional value, as noted by Amit & Zott (2001) and Zott & Amit (2007).
claimThe business model concept accounts for value creation on both the supply side (cost of production and unit delivery) and the demand side.
referenceHaftor, Costa-Climent, and Ribeiro-Navarrete (2024) examined how firms use predictive artificial intelligence for economic value creation and appropriation.
claimA firm's business model is defined as the architecture of value creation, delivery, and capture mechanisms.
referenceCosta-Climent, Haftor, and Staniewski researched the use of machine learning to create and capture value in the business models of small and medium-sized enterprises in a 2023 study.
claimA business model architecture must activate one or more business model themes to account for value creation and appropriation, though changing a business model does not guarantee better performance.
claimA firm's value creation and appropriation can occur within a network of actors executing an activity system in synchrony, rather than taking place solely inside the focal firm.
referenceCliment and Haftor studied value creation through the evolution of business model themes in a 2021 publication.
claimThe paper 'Business ecosystems as a way to activate lock-in in business models' provides a unified explanation of how ecosystems facilitate value creation and appropriation across complex networks.
claimThe architecture of a business model refers to the functional relations among value creation, delivery, and capture mechanisms and the underlying activities.
claimA key message from the literature stream focusing on the individual firm is that economic value creation and appropriation occur within a network of actors rather than within a single firm or actor.
claimBusiness model theory identifies four primary themes of value creation and appropriation: novelty, efficiency, complementarity, and lock-in.
claimThe literature stream focusing on collaborative arrangements asserts that if offerings from various actors are not successfully coordinated to ensure fit, the business ecosystem will fail to create value (Adner, 2012; Adner & Kapoor, 2010).
referenceTeece (2010) defines a business model as the mechanism for how a firm creates and appropriates value.
claimUnder business ecosystem thinking, firms create value through collaboration rather than isolation, with companies depending on external actors similar to how organisms rely on their environment.
Business Model Innovation: a Framework for Assessing Corporate ... link.springer.com Apr 18, 2025 7 facts
claimStakeholder engagement enhances value creation, according to the argument made by Freudenreich et al.
claimAn innovative business model is identified when innovation involves key components such as resources, competencies, value creation, value delivery, strategy, or competitive advantage.
measurementA keyword frequency analysis of the 38 selected articles identified 'corporate social responsibility' in 20 articles, 'sustainable business model' in 18 articles, 'environmental governance' in 15 articles, and 'value creation' in 11 articles.
referenceHenisz, Koller, and Nuttall (2019) outlined five ways that ESG creates value in their article 'Five ways that ESG creates value' published in McKinsey Quarterly.
claimAmit R and Zott C (2012) argue that business model innovation is a mechanism for creating value, as published in the MIT Sloan Management Review.
referenceFreudenreich, Lüdeke-Freund, and Schaltegger (2020) applied a stakeholder theory perspective to business models to examine value creation for sustainability in their paper 'A stakeholder theory perspective on business models: value creation for sustainability' published in the Journal of Business Ethics.
claimBeattie V and Smith SJ (2013) discuss the relationship between value creation and business models, specifically focusing on the intellectual capital debate in the British Accounting Review.
Does the combination of sustainable business model patterns lead ... link.springer.com Feb 20, 2023 5 facts
claimBusiness model patterns are typically applied in combination rather than as stand-alone elements because individual patterns usually address only a single aspect of a business model, such as value proposition, value creation, or value capture.
claimMost Sustainable Business Model (SBM) patterns in the Lüdeke-Freund et al. (2018b) framework are associated with specific value creation types ("mainly economic", "mainly social", or "mainly environmental"), while hybrid patterns consider multiple sustainability dimensions.
referenceLahti T, Wincent J, and Parida V provided a definition and theoretical review of the circular economy, value creation, and sustainable business models in a 2018 article in the journal Sustainability.
claimA firm's value-adding network consists of the configuration of actors involved in value creation, specifically suppliers, customers, and their interactions.
claimBusiness model patterns possess communicative power because they describe the essential dynamics of value creation, value delivery, and value capture.
Archetypes of open-source business models | Electronic Markets link.springer.com Jun 14, 2022 3 facts
referenceThe taxonomy design elements for open-source business models are divided into four meta-dimensions: value creation, value network, value architecture, and value finance.
claimA business model aims to explicate a firm’s core business logic by describing how an organization creates, delivers, and captures value while generating revenue.
claimSeppänen and Helander (2014) explored how organizations create value through business models in the context of open source software.
Seven observations and research questions about Open Design ... cambridge.org Oct 19, 2021 1 fact
claimMoritz, Redlich, & Wulfsberg (2018) define Open Source Hardware as a decentralised and collaborative model of value creation where people jointly develop and freely share designs.
Exploring Open-Source Software Ecosystems for Hardware ... link.springer.com May 1, 2024 1 fact
referenceLi and Seering (2019) analyzed value creation and capture mechanisms in open source hardware companies to determine if open source hardware possesses a sustainable business model.
Sustainability through business model innovation and climate ... nature.com Jan 20, 2025 1 fact
referenceHuang and Ichikohji (2023) assert that companies can identify new opportunities for value creation while minimizing negative environmental impacts and maximizing positive social outcomes by reimagining traditional business models.