Group items tagged

nodes in a value network represent people

nodes are connected by interactions that represent tangible and intangible deliverables

Value networks exhibit interdependence

Companies have both internal and external value networks.[1]

customers or recipients, intermediaries, stakeholders, complementary, open innovation networks and suppliers

key activities

processes and relationships that cut across internal boundaries

Value is created through exchange and the relationships between roles

F&S's value networks consists of these components

customers

Some service the customers all use, and enables interaction between the customers

service

contracts that enables access to the service

the network formed by phone users

example

example

car insurance company

how a company understands itself

value creation process

value creating system

all stakeholders co-produce value

systematic social innovation

strategy as

the Value Network to emerge as a mental model

Verna Allee defines value networks [5] as any web of relationships that generates both tangible and intangible value through complex dynamic exchanges between two or more individuals, groups or organizations. Any organization or group of organizations engaged in both tangible and intangible exchanges can be viewed as a value network, whether private industry, government or public sector.

Allee developed Value network analysis, a whole systems mapping and analysis approach to understanding tangible and intangible value creation among participants in an enterprise system

participants, transactions and tangible and intangible deliverables that together form a value network.

knowledge

benefits

favors

know-how

policy

planning

process

biological organisms, including humans, function in a self-organizing mode internally and externally

no central “boss” to control this dynamic activity

The purpose of value networks is to create the most benefit for the people involved in the network (5)