Renewal through co-creation in business networks

Raimo Hyötyläinen; Katri Valkokari; Petri Kalliokoski

Renewal through co-creation in business networks

Raimo Hyötyläinen, Katri Valkokari, Petri Kalliokoski

Research output: Chapter in Book/Report/Conference proceeding › Conference article in proceedings › Scientific › peer-review

Abstract

This article presents four models of business renewal within networks based on a theoretical framework developed from earlier literature.
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 (i.e., 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	Proceedings of EBRF 2010
Editors	Marko Seppä, Nina Helander, Ilona Ilmonen
Publisher	Tampere University of Technology
ISBN (Print)	978-952-15-2592-2
Publication status	Published - 2011
MoE publication type	A4 Article in a conference publication
Event	EBRF 2010, Research Forum to Understand Business in Knowledge Society, Co-Creation as a Way Forward - Nokia, Finland Duration: 15 Sept 2010 → 17 Sept 2010

Conference

Conference	EBRF 2010, Research Forum to Understand Business in Knowledge Society, Co-Creation as a Way Forward
Country/Territory	Finland
City	Nokia
Period	15/09/10 → 17/09/10

Access to Document

http://timreview.ca/article/426

Cite this

@inproceedings{7707179b0ded4e749e1947b4bf0c33f3,

title = "Renewal through co-creation in business networks",

abstract = "This article presents four models of business renewal within networks based on a theoretical framework developed from earlier literature. 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 (i.e., 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.",

author = "Raimo Hy{\"o}tyl{\"a}inen and Katri Valkokari and Petri Kalliokoski",

year = "2011",

language = "English",

isbn = "978-952-15-2592-2",

editor = "Marko Sepp{\"a} and Nina Helander and Ilona Ilmonen",

booktitle = "Proceedings of EBRF 2010",

publisher = "Tampere University of Technology",

address = "Finland",

note = "EBRF 2010, Research Forum to Understand Business in Knowledge Society, Co-Creation as a Way Forward ; Conference date: 15-09-2010 Through 17-09-2010",

}

TY - GEN

T1 - Renewal through co-creation in business networks

AU - Hyötyläinen, Raimo

AU - Valkokari, Katri

AU - Kalliokoski, Petri

PY - 2011

Y1 - 2011

N2 - This article presents four models of business renewal within networks based on a theoretical framework developed from earlier literature. 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 (i.e., 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.

AB - This article presents four models of business renewal within networks based on a theoretical framework developed from earlier literature. 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 (i.e., 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.

M3 - Conference article in proceedings

SN - 978-952-15-2592-2

BT - Proceedings of EBRF 2010

A2 - Seppä, Marko

A2 - Helander, Nina

A2 - Ilmonen, Ilona

PB - Tampere University of Technology

T2 - EBRF 2010, Research Forum to Understand Business in Knowledge Society, Co-Creation as a Way Forward

Y2 - 15 September 2010 through 17 September 2010

ER -

Renewal through co-creation in business networks

Abstract

Conference

Access to Document

Fingerprint

Cite this