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

    Keywords

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

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  • 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