Renewal through co-creation in business networks

Raimo Hyötyläinen, Katri Valkokari, Petri Kalliokoski

    Research output: Chapter in Book/Report/Conference proceedingConference article in proceedingsScientificpeer-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 languageEnglish
    Title of host publicationProceedings of EBRF 2010
    EditorsMarko Seppä, Nina Helander, Ilona Ilmonen
    PublisherTampere University of Technology
    ISBN (Print)978-952-15-2592-2
    Publication statusPublished - 2011
    MoE publication typeA4 Article in a conference publication
    EventEBRF 2010, Research Forum to Understand Business in Knowledge Society, Co-Creation as a Way Forward - Nokia, Finland
    Duration: 15 Sep 201017 Sep 2010

    Conference

    ConferenceEBRF 2010, Research Forum to Understand Business in Knowledge Society, Co-Creation as a Way Forward
    CountryFinland
    CityNokia
    Period15/09/1017/09/10

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