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.
@inproceedings{0f20644f210141e9aa011dad99e196d3,
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.",
keywords = "value mapping, multi-stakeholder value, business model innovation",
author = "Katri Valkokari and Padmakshi Rana and Samuel Short and Bocken, {Nancy M.P.} and Steve Evans and Tiina Valjakka",
note = "Project code: 79321",
year = "2013",
language = "English",
isbn = "978-90-77360-16-3",
booktitle = "Proceedings of the 14th International CINet Conference",

}

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.

KW - value mapping

KW - multi-stakeholder value

KW - business model innovation

M3 - Conference article in proceedings

SN - 978-90-77360-16-3

BT - Proceedings of the 14th International CINet Conference

ER -

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