Mapping multi-stakeholder value for sustainable business model innovation: A study of the Finnish furniture industry

Katri Valkokari, Padmakshi Rana, Samuel Short, Nancy M.P. Bocken, Steve Evans, Tiina Valjakka

    Research output: Chapter in Book/Report/Conference proceedingConference article in proceedingsScientificpeer-review

    Abstract

    This study aims to identify and explore multi-stakeholder value at network level for sustainable business model innovation through a network example of the Finnish furniture industry. For this purpose, the study uses a value mapping tool to create a deeper understanding of multiple value across the network to deliver sustainability. The research question the paper addresses is 'how can multi-stakeholder value across the value network be identified and explored for sustainable business model innovation?' The case data was collected from multiple sources: a survey for end users, thematic discussions, and workshops with network representatives and other stakeholders. Our study contributes to the empirical work on sustainable business models by introducing practical case example of mapping multiple forms of value across the network, building on the value mapping tool. The value mapping tool used at the three workshops supported the sense-making between the multiple values and concretization of business opportunities. The results of the study highlight the need for collateral, horizontal relationships and a joint-development process among stakeholders. Exploring the challenges and opportunities from shared value creation between multiple stakeholders is important for driving business model innovation beyond the boundaries of the individual firm perspective and towards a network perspective.
    Original languageEnglish
    Title of host publicationProceedings of the 14th International CINet Conference
    Publication statusPublished - 2013
    MoE publication typeA4 Article in a conference publication
    Event14th International CINet Conference: Business Development and Co-creation - Nijmegen, Netherlands
    Duration: 8 Sep 201311 Sep 2013

    Conference

    Conference14th International CINet Conference
    CountryNetherlands
    CityNijmegen
    Period8/09/1311/09/13

    Fingerprint

    Business model innovation
    Stakeholder values
    Furniture industry
    Sustainable business
    Stakeholders
    Development process
    Value creation
    Value network
    Business model
    Sustainability
    Multiple stakeholders
    Shared values
    Sensemaking
    End users

    Keywords

    • value mapping
    • multi-stakeholder value
    • business model innovation

    Cite this

    Valkokari, K., Rana, P., Short, S., Bocken, N. M. P., Evans, S., & Valjakka, T. (2013). Mapping multi-stakeholder value for sustainable business model innovation: A study of the Finnish furniture industry. In Proceedings of the 14th International CINet Conference
    Valkokari, Katri ; Rana, Padmakshi ; Short, Samuel ; Bocken, Nancy M.P. ; Evans, Steve ; Valjakka, Tiina. / Mapping multi-stakeholder value for sustainable business model innovation : A study of the Finnish furniture industry. Proceedings of the 14th International CINet Conference. 2013.
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    title = "Mapping multi-stakeholder value for sustainable business model innovation: A study of the Finnish furniture industry",
    abstract = "This study aims to identify and explore multi-stakeholder value at network level for sustainable business model innovation through a network example of the Finnish furniture industry. For this purpose, the study uses a value mapping tool to create a deeper understanding of multiple value across the network to deliver sustainability. The research question the paper addresses is 'how can multi-stakeholder value across the value network be identified and explored for sustainable business model innovation?' The case data was collected from multiple sources: a survey for end users, thematic discussions, and workshops with network representatives and other stakeholders. Our study contributes to the empirical work on sustainable business models by introducing practical case example of mapping multiple forms of value across the network, building on the value mapping tool. The value mapping tool used at the three workshops supported the sense-making between the multiple values and concretization of business opportunities. The results of the study highlight the need for collateral, horizontal relationships and a joint-development process among stakeholders. Exploring the challenges and opportunities from shared value creation between multiple stakeholders is important for driving business model innovation beyond the boundaries of the individual firm perspective and towards a network perspective.",
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    author = "Katri Valkokari and Padmakshi Rana and Samuel Short and Bocken, {Nancy M.P.} and Steve Evans and Tiina Valjakka",
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    Valkokari, K, Rana, P, Short, S, Bocken, NMP, Evans, S & Valjakka, T 2013, Mapping multi-stakeholder value for sustainable business model innovation: A study of the Finnish furniture industry. in Proceedings of the 14th International CINet Conference. 14th International CINet Conference, Nijmegen, Netherlands, 8/09/13.

    Mapping multi-stakeholder value for sustainable business model innovation : A study of the Finnish furniture industry. / Valkokari, Katri; Rana, Padmakshi; Short, Samuel; Bocken, Nancy M.P.; Evans, Steve; Valjakka, Tiina.

    Proceedings of the 14th International CINet Conference. 2013.

    Research output: Chapter in Book/Report/Conference proceedingConference article in proceedingsScientificpeer-review

    TY - GEN

    T1 - Mapping multi-stakeholder value for sustainable business model innovation

    T2 - A study of the Finnish furniture industry

    AU - Valkokari, Katri

    AU - Rana, Padmakshi

    AU - Short, Samuel

    AU - Bocken, Nancy M.P.

    AU - Evans, Steve

    AU - Valjakka, Tiina

    N1 - Project code: 79321

    PY - 2013

    Y1 - 2013

    N2 - This study aims to identify and explore multi-stakeholder value at network level for sustainable business model innovation through a network example of the Finnish furniture industry. For this purpose, the study uses a value mapping tool to create a deeper understanding of multiple value across the network to deliver sustainability. The research question the paper addresses is 'how can multi-stakeholder value across the value network be identified and explored for sustainable business model innovation?' The case data was collected from multiple sources: a survey for end users, thematic discussions, and workshops with network representatives and other stakeholders. Our study contributes to the empirical work on sustainable business models by introducing practical case example of mapping multiple forms of value across the network, building on the value mapping tool. The value mapping tool used at the three workshops supported the sense-making between the multiple values and concretization of business opportunities. The results of the study highlight the need for collateral, horizontal relationships and a joint-development process among stakeholders. Exploring the challenges and opportunities from shared value creation between multiple stakeholders is important for driving business model innovation beyond the boundaries of the individual firm perspective and towards a network perspective.

    AB - This study aims to identify and explore multi-stakeholder value at network level for sustainable business model innovation through a network example of the Finnish furniture industry. For this purpose, the study uses a value mapping tool to create a deeper understanding of multiple value across the network to deliver sustainability. The research question the paper addresses is 'how can multi-stakeholder value across the value network be identified and explored for sustainable business model innovation?' The case data was collected from multiple sources: a survey for end users, thematic discussions, and workshops with network representatives and other stakeholders. Our study contributes to the empirical work on sustainable business models by introducing practical case example of mapping multiple forms of value across the network, building on the value mapping tool. The value mapping tool used at the three workshops supported the sense-making between the multiple values and concretization of business opportunities. The results of the study highlight the need for collateral, horizontal relationships and a joint-development process among stakeholders. Exploring the challenges and opportunities from shared value creation between multiple stakeholders is important for driving business model innovation beyond the boundaries of the individual firm perspective and towards a network perspective.

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    KW - multi-stakeholder value

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    M3 - Conference article in proceedings

    SN - 978-90-77360-16-3

    BT - Proceedings of the 14th International CINet Conference

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    Valkokari K, Rana P, Short S, Bocken NMP, Evans S, Valjakka T. Mapping multi-stakeholder value for sustainable business model innovation: A study of the Finnish furniture industry. In Proceedings of the 14th International CINet Conference. 2013