Abstract
The paper presents four models of business renewal within
networks based on earlier literature and the theoretical
framework. According to the typical dimensions of
business development, our framework distinguishes between
the exploitation of present knowledge for efficiency, and
the exploration of new knowledge for new business
development. Furthermore, the two network development and
governance types, e.g. hub-spoke and multiplex, form the
other dimension of the framework. The framework was
empirically tested with five case companies and their
business networks. The framework of network models may
help managers to structure the business network and its
renewal, based on the strategic targets of a firm.
Furthermore, the theoretical contribution of the paper
deepens the understanding of how co-creation and
interaction between the participants differ according to
business focus and complexity of networks.
| Original language | English |
|---|---|
| Title of host publication | Value Co-Creation |
| Subtitle of host publication | Best of TIM Review Kindle edition |
| Editors | Stoyan Tanev, Marko Seppä |
| Place of Publication | Ottawa, ON, Canada |
| Publication status | Published - 2013 |
| MoE publication type | D2 Article in professional manuals or guides or professional information systems or text book material |
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Cite this
Hyötyläinen, R., Valkokari, K., & Kalliokoski, P. (2013). Renewal Through Co-Creation in Business Networks. In S. Tanev, & M. Seppä (Eds.), Value Co-Creation : Best of TIM Review Kindle edition