Abstract
Despite the growing interest in ecosystems, research on ecosystem-level value distribution is still scant. Value creation and different value dimensions have a relatively wide knowledge base in the context of dyadic relationships and networks. However, the existing ecosystem literature does not recognize these dimensions at the ecosystem level. This article proposes an initial framework for assessing the value, particularly at the ecosystem level. Furthermore, the majority of the existing literature focuses merely on financial and functional values. This framework denotes also social, emotional, and epistemic dimensions of value. The framework is built as a constructive process. This study presents a theoretically founded iterative design phase followed by the first empirical test with one case ecosystem. The findings indicate the value balance exists in a case ecosystem, which is in a stable and established state. The article also proposes the next steps to develop the framework further. These include e.g. testing the framework with ecosystems, which are in more volatile phases (i.e. pioneering or renewal phase) and developing a measurement regime for evaluating the importance of each different value dimension.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Similar content being viewed by others
References
Skyttner, L.: General Systems Theory: Problems, Perspectives, Practice, 2nd edn. World Scientific Publishing Company, Singapore (2006)
Tsujimoto, M., Kajikawa, Y., Tomita, J., Matsumoto, Y.: A review of the ecosystem concept—Towards coherent ecosystem design. Technol. Forecast. Soc. Change 136, 49–58 (2018). https://doi.org/10.1016/j.techfore.2017.06.032
Langley, D.J., van Doorn, J., Ng, I.C.L., et al.: The internet of everything: smart things and their impact on business models. J. Bus. Res. 122, 853–863 (2021). https://doi.org/10.1016/j.jbusres.2019.12.035
Li, J., Chen, L., Yi, J., et al.: Ecosystem-specific advantages in international digital commerce. J. Int. Bus. Stud. 9, 1448–1463 (2019). https://doi.org/10.1057/s41267-019-00263-3
Lusch, R.F., Vargo, S.L.: Service-dominant logic: reactions, reflections and refinements. Mark Theory 6, 281–288 (2006). https://doi.org/10.1177/1470593106066781
Vargo, S.L., Maglio, P.P., Akaka, M.A.: On value and value co-creation: a service systems and service logic perspective. Eur. Manag. J. 26, 145–152 (2008). https://doi.org/10.1016/j.emj.2008.04.003
See-To, E.W.K., Ho, K.K.W.: Value co-creation and purchase intention in social network sites: the role of electronic word-of-mouth and trust - a theoretical analysis. Comput. Human Behav. 31, 182–189 (2014). https://doi.org/10.1016/j.chb.2013.10.013
Matthyssens, P.: Reconceptualizing value innovation for Industry 4.0 and the Industrial Internet of Things. J. Bus. Ind. Mark. 34, 1203–1209 (2019)
Schlecht, L., Schneider, S.: The joint value proposition of business ecosystems: a consumer’s perspective. In: ISPIM Conference Proceedings, pp. 1–8 (2019)
Gassmann, O., Frankenberger, K., Csik, M.: The Business Model Navigator: 55 Models That Will Revolutionise Your Business, 1st edn. Pearson Education Limited, London (2014)
Bahari, N., Maniak, R., Fernandez, V.: Ecosystem business model design. In: XXIVe Conférence Internationale de Management Stratégique (2015)
Chan, H.C.Y.: Internet of things business models. J. Serv. Sci. Manag. 08, 552–568 (2015). https://doi.org/10.4236/jssm.2015.84056
Jacobides, M.G., Cennamo, C., Gawer, A.: Towards a theory of ecosystems. Strateg. Manag. J. 39, 2255–2276 (2018). https://doi.org/10.1002/smj.2904
Moore, J.F.: The Death of Competition: Leadership and Strategy in the Age of Business Ecosystems. Wiley, Hoboken (1996)
Iansiti, M., Levien, R.: Strategy as ecology. Harv. Bus. Rev. 82, 68–78 (2004). https://doi.org/10.1108/eb025570
Adner, R.: Ecosystem as structure: an actionable construct for strategy. J. Manag. 43, 39–58 (2017). https://doi.org/10.1177/0149206316678451
Den Ouden, E.: Innovation Design: Creating Value for People, Organizations and Society. Springer, London (2012). https://doi.org/10.1007/978-1-4471-2268-5
Polizzotto, L., Molella, A.: THE value balance. IEEE Eng. Manag. Rev. 47, 24–31 (2019). https://doi.org/10.1109/EMR.2019.2948347
Hannah, D.P., Eisenhardt, K.M.: How firms navigate cooperation and competition in nascent ecosystems. Strateg. Manag. J. 39(12), 3163–3192 (2018). https://doi.org/10.1002/smj.2750
Collins: Value—Definition of value by collins english dictionary. In: Collins English Dict (2021). https://www.collinsdictionary.com/dictionary/english/value. Accessed 20 Apr 2021
Stark, D.: The Sense of Dissonance. Princeton University Press, Princeton (2009)
Pura, M.: Linking perceived value and loyalty in location-based mobile services. Manag. Serv. Qual. 15, 509–538 (2005). https://doi.org/10.1108/09604520510634005
Keränen, J.: Towards a broader value discourse: understanding sustainable and public value potential. J. Creat. Value 3, 193–199 (2017). https://doi.org/10.1177/2394964317725449
Sheth, J.N., Newman, B.I., Gross, B.L.: Why we buy what we buy: a theory of consumption values. J. Bus.. Res. 22, 159–170 (1991). https://doi.org/10.1016/0148-2963(91)90050-8
Almquist, E., Senior, J., Bloch, N.: The elements of value. Harv. Bus. Rev. 94, 46–92 (2016)
Almquist, E., Cleghorn, J., Sherer, L.: The B2B elements of value. Harv. Bus. Rev. 96, 72–81 (2018)
Parker, G., Van Alstyne, M., Choudary, S.P.: Platform Revolution: How Networked Markets are Transforming the Economy and How to Make them Work for You, 1st edn. W. W. Norton & Company Inc., New York (2016)
Adner, R.: Match your innovation strategy to your innovation ecosystem. Harv Bus Rev 84, 98–107 (2006)
Piirainen, K.A., Gonzalez, R.A.: Constructive Synergy in design science research: a comparative analysis of design science research and the constructive research approach. Finnish J. Bus. Econ. 3, 206–234 (2014)
Lukka, K.: The constructive research approach. In: Ojala, L., Hilmola, O.-P. (eds.) Case Study Research in Logistics. Turku School of Economics and Business Administration, Turku, pp. 83–101 (2003)
Harala, L.: Coopetition and Alignment in Circular Economy Ecosystems : Beverage Package Recycling System and Circular Economy Service Platform. Tampere University (2021)
Millette, S.: Deposit Systems for One-way Beverage Containers: Global Overview (2018)
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2021 Springer Nature Switzerland AG
About this paper
Cite this paper
Sorri, K., Yrjönkoski, K., Harala, L. (2021). Conceptual Model of the Ecosystem Value Balance. In: Shishkov, B. (eds) Business Modeling and Software Design. BMSD 2021. Lecture Notes in Business Information Processing, vol 422. Springer, Cham. https://doi.org/10.1007/978-3-030-79976-2_17
Download citation
DOI: https://doi.org/10.1007/978-3-030-79976-2_17
Published:
Publisher Name: Springer, Cham
Print ISBN: 978-3-030-79975-5
Online ISBN: 978-3-030-79976-2
eBook Packages: Computer ScienceComputer Science (R0)