Skip to main content
Disciplines
Automotive Business IT + Informatics Construction + Real Estate Electrical Engineering + Electronics Energy + Sustainability Insurance + Risk Finance + Banking Management + Leadership Marketing + Sales Mechanical Engineering + Materials
Events
DE
EN
Books
Journals
Topic Page
Marketing
Start single access now
Access for companies
EXTENDED SEARCH
Log in
Top
Published in:
Cover of the book

2022 | OriginalPaper | Chapter

1. Some Challenges Encountered in Value Creation and Capture

Authors : Jeffrey Yi-Lin Forrest, Yong Liu

Published in: Value in Business

Publisher: Springer International Publishing

Log in

Activate our intelligent search to find suitable subject content or patents.

search-config
loading …

Abstract

As the title suggests, this chapter introduces the reader to the exciting journey this book is about to embark on by outlining how this volume contributes to the existent knowledge on value creation and capture. It describes important gaps that exist in the knowledge of value and deficiencies the commonly and widely employed methods of analysis and reasoning experience. Collectively, these gaps and deficiencies point to the need to adopt systems science and methodology as the next best tool for analyzing situations of value and for developing a cohesive theory of value. After all these objectives are accomplished, this chapter turns its attention to briefly introduce some of the fundamentals of systems thinking and relevant methodologies needed for the rest of this volume.

Dont have a licence yet? Then find out more about our products and how to get one now:

Springer Professional "Wirtschaft+Technik"

Online-Abonnement

Mit Springer Professional "Wirtschaft+Technik" erhalten Sie Zugriff auf:

  • über 102.000 Bücher
  • über 537 Zeitschriften

aus folgenden Fachgebieten:

  • Automobil + Motoren
  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Elektrotechnik + Elektronik
  • Energie + Nachhaltigkeit
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Maschinenbau + Werkstoffe
  • Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

inform now

Springer Professional "Technik"

Online-Abonnement

Mit Springer Professional "Technik" erhalten Sie Zugriff auf:

  • über 67.000 Bücher
  • über 390 Zeitschriften

aus folgenden Fachgebieten:

  • Automobil + Motoren
  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Elektrotechnik + Elektronik
  • Energie + Nachhaltigkeit
  • Maschinenbau + Werkstoffe




 

Jetzt Wissensvorsprung sichern!

inform now

Springer Professional "Wirtschaft"

Online-Abonnement

Mit Springer Professional "Wirtschaft" erhalten Sie Zugriff auf:

  • über 67.000 Bücher
  • über 340 Zeitschriften

aus folgenden Fachgebieten:

  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Versicherung + Risiko




Jetzt Wissensvorsprung sichern!

inform now
next chapter Introduction to Systems Research and Systemic Reasoning
Literature
Adner, R., Oxley, J. E., & Silverman, B. S. (Eds.). (2013). Collaboration and competition in business ecosystems. Emerald.
Alshanty, A. M., & Emeagwali, O. L. (2019). Market-sensing capability, knowledge creation and innovation. Journal of Innovation & Knowledge, 4(3), 171–178.CrossRef
Amit, R., & Zott, C. (2001). Value creation in e-business. Strategic Management Journal, 22(6/7), 493–520.CrossRef
Anderson, J. C., Kumar, N., & Narus, J. A. (2007). Value merchants: Demonstrating and documenting superior value in business markets. Harvard Business Press.
Andreoni, A., & Chang, H. J. (2019). The political economy of industrial policy: Structural interdependencies, policy alignment and conflict management. Structural Change and Economic Dynamics, 48(March), 136–150.CrossRef
Ardyan, E. (2016). Market sensing capability and SMEs performance. DLSU Business & Economics Review, 25(2), 79–97.
Barney, J. (1991). Firm resources and sustained competitive advantage. Journal of Management, 17(1), 99–120.CrossRef
Becheikh, N., Landry, R., & Amara, N. (2006). Lessons from innovation empirical studies in the manufacturing sector: A systematic review of the literature from 1993 to 2003. Technovation, 26(5), 644–664.CrossRef
Bjerknes, V. (1898). Uber einen hydrodynamischen Fundamentalsatz und seine Anwendung besonders auf die Mechanik der Atmosphare und des Weltmeeres. Kungliga Svenska Vetenskapsakademiens Handlingar, 31, 1–35.
Chiou, J. S., Hsiao, C. C., & Chiu, T. Y. (2018). The credibility and attribution of online reviews: Differences between high and low product knowledge consumers. Online Information Review, 42(5), 630–646.CrossRef
Chowdhury, T. G., Murshed, F., & Khare, A. (2018). Flexible flexibility! Food categorization flexibility and utilitarian preference. Journal of Consumer Marketing, 35(1), 1–10.CrossRef
Crook, T., Ketchen, D., Combs, J., & Todd, S. (2008). Strategic resources and performance: A meta-analysis. Strategic Management Journal, 29(11), 1141–1154.CrossRef
Day, G. S. (1994). The capabilities of market-driven organizations. Journal of Marketing, 58(4), 37–52.CrossRef
Drucker, P. F. (1954). The practice of management. Harper & Row.
Eisenhardt, K., & Martin, J. (2000). Dynamic capabilities: What are they? Strategic Management Journal, 21(10/11), 1105–1121.CrossRef
Forrest, J. Y. L. (2013). A systemic perspective on cognition and mathematics. CRC Press, an imprint of Taylor and Francis.CrossRef
Forrest, J. Y. L. (2014). A systems perspective on financial systems. CRC Press, an imprint of Taylor and Francis.CrossRef
Forrest, J. Y.-L. (2018). General systems theory: Foundation, intuition and applications in business decision making. Springer.CrossRef
Forrest, J. Y.-L., Buttermore, J., & Theresa Wajda, T. (2017). At Nash equilibrium when new market competitions appear? Kybernetes: The International Journal of Cybernetics, Systems and Management Sciences, 46(2), 256–271.CrossRef
Forrest, J. Y.-L., Nicholls, N., Schimmel, K., & Liu, S. F. (2020). Managerial decision making: A holistic approach. Springer.CrossRef
Forrest, J. Y.-L., & Tallapally, P. (2018). Customers are less patient, sustainable advantage becomes transient and the key for firms to succeed in fast changing markets. Journal of Business, Economics and Technology, 21(1), 1–14.
Forrest, J. Y. L., & Tao, L. X. (2014). Investment and employment opportunities in China. CRC Press, an imprint of Taylor and Francis.CrossRef
Forrest, J. Y.-L., Trebing, M. E., Chatterjee, A., & Wagner, J. (2019). Domestic firms, exporters and importers: A systemic perspective. Theoretical Economics Letters, 9, 649–674.CrossRef
Forrest, J. Y.-L., Zhao, H. C., & Shao, L. (2018). Engineering rapid industrial revolutions for impoverished agrarian nations. Theoretical Economics Letters, 8, 2594–2640.CrossRef
Forrester Research Report. (2000). Global eCommerce approaches Hypergrowth. April 2000.
Gliva-McConvey, G., Nicholas, C. F., & Clark, L. (Eds.). (2020). Comprehensive healthcare simulation: Implementing best practices in standardized patient methodology. Springer.
Hemphill, T. A. (2014). The US advanced manufacturing initiative: Will it be implemented as an innovation – Or industrial – Policy? Innovation: Organization & Management, 16(1), 67–70.CrossRef
Hermann, M., Pentek, T., & Otto, B. (2016). Design principles for industry 4.0 scenarios. The 49th Hawaii international conference on system sciences (HICSS), Koloa, HI (pp. 3928–3937).
Hitt, M., & Ireland, R. D. (2017). The intersection of entrepreneurship and strategic management research. In D. L. Sexton, H. Landstrom, & C. Jones (Eds.), The Blackwell handbook of entrepreneurship (pp. 45–63). Blackwell.CrossRef
Howell, T. R., Noellert, W. A., MacLaughlin, J. H., & Wolff, A. W. (2019). The microelectronics race: The impact of government policy on international competition. Routledge.CrossRef
Jomo, K. S. (2019). Southeast Asia’s misunderstood miracle: Industrial policy and economic development in Thailand, Malaysia and Indonesia. Routledge.CrossRef
Kenny, A. (2012). A new history of Western philosophy. Oxford University Press.
Kline, M. (1972). Mathematical thought from ancient to modern times. Oxford University Press.
Kozlenkova, I. V., Samaha, S. A., & Palmatier, R. W. (2014). Resource-based theory in marketing. Journal of the Academy of Marketing Science, 42, 1–21.CrossRef
Lemoussu, S., Chaudemar, J. C., & Vingerhoeds, R. A. (2018). Systems engineering and project management process modeling in the aeronautics context: Case study of SMEs. International Journal of Mechanical and Mechatronics Engineering, 12(2), 88–96.
Lin, Y. (1999). General systems theory: A mathematical approach. Plenum and Kluwer Academic Publishers.
Lin, Y. (2007). Systemic yoyo model and applications in Newton’s, Kepler’s laws, etc. Kybernetes: The International Journal of Cybernetics, Systems and Management Science, 36(3–4), 484–516.
Lin, Y. (2009). Systemic yoyos: Some impacts of the second dimension. Auerbach Publication, an imprint of Taylor and Francis.
Lin, Y., & Forrest, B. (2011). Systemic structure behind human organizations: From civilizations to individuals. Springer.
Lin, Y., & OuYang, S. C. (2010). Irregularities and prediction of major disasters. CRC Press, an imprint of Taylor and Francis.CrossRef
Lindblom, A., Olkkonen, R., Mitronen, L., & Kajalo, S. (2008). Market-sensing capability and business performance of retail entrepreneurs. Contemporary Management Research, 4(3), 219–236.CrossRef
Lipton, M. (1977). Why poor people stay poor: Urban Bias in developing countries. Temple Smith.
Mandler, G. (1982). The integration and elaboration of memory structures. In F. Klix, J. Hoffman, & E. van der Meer (Eds.), Cognitive research in psychology (pp. 33–40). North-Holland.
Marketing Science Institute. (2010). MSI research priorities 2010–12. MSI.
McGrath, R. G. (2013). The end of competitive advantage: How to keep your strategy moving as fast as your business. Harvard Business Review Press.
Melitz, M. J. (2003). The impact of trade on intra-industry reallocations and aggregate industry productivity. Econometrica, 71(6), 1695–1725.CrossRef
Melitz, M. J., & Redding, S. J. (2014). Heterogeneous firms and trade. Handbook of International Economics, 4, 1–54.CrossRef
Meyers-Levy, J., & Tybout, A. M. (1989). Schema congruity as a basis for product evaluation. Journal of Consumer Research, 16(1), 39–54.CrossRef
Moss, G. (2009). Gender, design and marketing: How gender drives our perception of design and marketing. Routledge.
Nedungadi, P. (1990). Recall and consumer consideration sets: Influencing choice without altering brand evaluations. Journal of Consumer Research, 17(3), 263–276.CrossRef
Payne, A., & Frow, P. (2005). A strategic framework for customer relationship management. Journal of Marketing, 69(4), 167–176.CrossRef
Payne, A., Frow, P., & Eggert, A. (2017). The customer value proposition: Evolution, development, and application in marketing. Journal of the Academy of Marketing Science, 45, 467–489.CrossRef
Penrose, E. (1959). The theory of the growth of the firm. Blackwell.
Porter, M. E. (1985). Competitive advantage: Creating and sustaining superior performance. Free Press.
Priem, R. L., Wenzel, M., & Koch, J. (2018). Demand-side strategy and business models: Putting value creation for consumers center stage. Long-Range Planning, 51(1), 22–31.CrossRef
Qu, Y. (1985). The songs of the south: An anthology of ancient Chinese poems by Qu Yuan and other poets (translated by David Haykes). Penguin Classics.
Rathod, G. H., Puranik, V. S., & Hiremath, V. (2019). Developing agility system in supply chains. International Journal of Business and Systems Research, 13(2), 247–258.CrossRef
Reinert, E. (1995). Competitiveness and its predecessors: A 500-year cross-national perspective. Structural Change and Economic Dynamics, 6(1), 23–42.CrossRef
Rostow, W. W. (1960). The stages of economic growth: A non-communist manifesto. Cambridge University Press.
Sahni, N. S. (2016). Advertising spillovers: Evidence from online field experiments and implications for returns on advertising. Journal of Marketing Research, 53(4), 459–478.CrossRef
Santalo, J., & Becerra, M. (2008). Competition from specialized firms and the diversification-performance linkage. Journal of Finance, 63(2), 851–883.CrossRef
Schrift, R. Y., Parker, J. R., Zauberman, G., & Srna, S. (2018). Multistage decision processes: The impact of attribute order on how consumers mentally represent their choice. Journal of Consumer Research, 44(6), 1307–1324.CrossRef
Shannon, C. E. (1949). The mathematical theory of communication. Illinois University Press.
Srivastava, R. K., Shervani, T. A., & Fahey, L. (1999). Marketing, business processes, and shareholder value: An organizationally embedded view of marketing activities and the discipline of marketing. Journal of Marketing, 63(Special issue), 168–179.CrossRef
Stabell, C. B., & Fjeldstad, O. D. (1998). Configuring value for competitive advantage: On chains, shops, and networks. Strategic Management Journal, 19(5), 413–437.CrossRef
Starch, D. (1914). Advertising: Its principles, practice, and technique. Scott, Foresman.
Studwell, J. (2013). How Asia works: Success and failure in the World’s Most dynamic region. Grove Press.
Sugiyarti, G., & Ardyan, E. (2017). Market sensing capability and product innovation advantages in emerging markets: The case of market entry quality and marketing performance of Batick industry in Indonesia. DLSU Business & Economics Review, 27(1), 175–189.
Sujan, M. (1985). Consumer knowledge effects on evaluation strategies mediating consumer judgments. Journal of Consumer Research, 12(June), 31–46.CrossRef
Szirmai, A., & Verspagen, B. (2015). Manufacturing and economic growth in developing countries, 1950-2005. Structural Change and Economic Dynamics, 34, 46–59.CrossRef
Vendrell-Herrero, F., Bustinza, O. F., Parry, G., & Georgantzis, N. (2017). Servitization, digitization and supply chain interdependency. Industrial Marketing Management, 60(January), 69–81.CrossRef
von Bertalanffy, L. (1968). General systems theory. George Braziller.
Webster, F. E. (2002). Market-driven management: How to define, develop and deliver customer value (2nd ed.). Wiley.
Wen, Y. (2016). The making of an economic superpower: Unlocking China’s secret of rapid industrialization. World Scientific.CrossRef
White, M. (2017). Keep calm and simulate on: Faculty experiences and insights into implementing best practices in simulation. Teaching and Learning in Nursing, 12(1), 43–49.CrossRef
Wu, Y., & Lin, Y. (2002). Beyond nonstructural quantitative analysis: Blown-ups, spinning currents and modern science. World Scientific.CrossRef
Ye, G. L., Priem, R. L., & Alshwer, A. A. (2012). Achieving demand-side synergy from strategic diversification: How combining mundane assets can leverage consumer utilities. Organization Science, 23(1), 207–224.CrossRef
Ying, Y. R., & Forrest, J. Y. L. (2015). Capital account liberation: Methods and applications. CRC Press, an imprint of Taylor and Francis.
Zachary, M. A., Gianiodis, P. T., Payne, G. T., & Markman, G. D. (2015). Entry timing: Enduring lessons and future directions. Journal of Management, 41(5), 1388–1415.CrossRef
Metadata
Title
Some Challenges Encountered in Value Creation and Capture
Authors
Jeffrey Yi-Lin Forrest
Yong Liu
Copyright Year
2022
Book
Value in Business

Print ISBN: 978-3-030-82897-4

Electronic ISBN: 978-3-030-82898-1

Copyright Year: 2022

DOI
https://doi.org/10.1007/978-3-030-82898-1_1