Proposal for a model to hierarchize strategic decisions according to criteria of value innovation, sustainability and budgetary constraint

Wollmann, Dewey; Tortato, Ubiratã

doi:10.1016/j.jclepro.2019.05.190

Cited by 9 publications

(4 citation statements)

References 13 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Organizations that seek to determine their own strategies and want to determine their own competitive strategies, move toward shared value innovation. This factor also has been indirectly mentioned by Wollmann and Tortato (2019):…”

Section: Discussionmentioning

confidence: 90%

A paradigmatic model for shared value innovation management in the supply chain

Faghat

Khani

Alem-Tabriz

2020

IJIS

View full text Add to dashboard Cite

Purpose The purpose of this paper is to propose a paradigmatic model for shared value innovation management in the supply chain. This research seeks to identify the causal conditions, strategies, contextual factors, intervening factors and the consequences of shared value innovation in the supply chain. Design/methodology/approach The approach of this research is qualitative and has been carried out in the framework of the grounded theory. Required data for the research was collected through semi-structured interviews. Coding was done in two steps and the reliability of the results of the research was confirmed by calculating the similarity index of codes by two methods. Findings The proposed framework is presented in the form of a paradigmatic model and demonstrates how to achieve shared value innovation through increasing adoption with customer considerations, improving communication between supply chain members, improving collaboration among supply chain members, enhancing trust among supply chain members, enhancing the commitment of the supply chain members, enhancing supply chain members’ interdependence while maintaining their independence and simultaneously reducing costs. The results of the analysis showed that the shared value innovation leads to positive consequences such as increasing competitive abilities, human development, synergy, inclusive growth and development and also the sustainability of the business situation. Originality/value Although some studies have shown the importance of value innovation in different parts of the organization and to some extent the introduction of shared value innovation, no research has been done to provide a framework or model for managing shared value innovation.

show abstract

Section: Discussionmentioning

confidence: 90%

A paradigmatic model for shared value innovation management in the supply chain

Faghat

Khani

Alem-Tabriz

2020

IJIS

View full text Add to dashboard Cite

show abstract

“…They classified the strategic objectives according to four perspectives (financial perspective, customer perspective, internal process perspective, learning and growth perspective) and created a strategic map of the objectives. Wollmann and Tortato (2019) proposed an approach called Strategic Decision Making for Sustainability and Value Innovation to evaluate strategic decision alternatives based on sustainability, budget constraints, and value innovation criteria using the BOCR-ANP and mathematical modeling-based approach.…”

Section: Literature Reviewmentioning

confidence: 99%

Evaluation of the Effects of a Center of Excellence Support Program on National Technology-Based Strategic Goals of a Country: A Case Study

Kabak,

Ozturk,

Potur

et al. 2023

Proceedings of the International Conference on Industrial Engineering and Operations Management

View full text Add to dashboard Cite

In recent years, significant technological developments have been recorded in the Republic of Türkiye, especially in the field of the defense industry. Incentive and support policies have been developed and some strategic goals to be achieved have been determined in order to sustain these developments in the defense industry and other areas. Within this context, the National Scientific and Technological Research Council started a program in order to support the development of manufacturing technologies for the defense industry under the collaboration of leading defense industry companies and experienced universities on manufacturing processes. While the technical work within this research has important contributions to the economic and technical development in the country, it also has some effects on the national technology-based strategic goals of the country. In this study, the evaluation of the effects of the program on these targets is modeled as a multi-criteria decision-making problem. Benefits-Costs-Opportunities-Risks (BOCR) based Analytic Hierarchy Process (AHP) method is applied to evaluate the effects of the program on national technology-based strategic goals and the contribution of the program to each goal is calculated.

show abstract

“…Although not clearly mentioned and empirically proven, several scholars have provided hints that the logic of value innovation is likely to impact market success via strategic choices and customer value creation (Hajar et al , 2022; Christodoulou and Langley, 2020). For example, Wollmann and Tortato (2019) implicitly proposed that value innovation functions well via quantum strategy and customer value for market-based opportunities such as generation of new markets. Quantum strategy indicates the combination the positive elements of both differentiation and cost leadership to obtain a sustained advantage (Gomez et al , 2021).…”

Section: Introductionmentioning

confidence: 99%

“…Recent studies have also emphasized the significance of building and executing the logic of value innovation as a different pattern of strategic thinking for creating new market space (Picken, 2020; Matthyssens et al , 2006). Value innovation refers to strategic logic that increases the value for the customer while ensuring worthwhile company benefits (Wollmann and Tortato, 2019; Kim and Mauborgne, 2004) noted that when firms have the logic of value innovation, managers will know what questions to ask, which opportunities to see and pursue and how to understand risk in a competitive situation.…”

Section: Introductionmentioning

confidence: 99%

The relationships among the logic of value innovation, strategic decisions and market-driven factors

Şentürk

Özkan

2023

JBIM

View full text Add to dashboard Cite

Purpose The logic of value innovation has received increased attention in the strategic marketing and innovation literature. Studies investigating how value innovation, as a firm’s strategic mindset, contributes to creating new market space through more proximal market-driven factors such as strategic decisions and customer value are still lacking, nevertheless. This study aim to investigate how the logic of value innovation influences creating new market space through quantum strategy and customer value creation. Design/methodology/approach Survey data from a sample of 204 manufacturing and service firms was used to test the conceptual model and research hypotheses. The data were analyzed using structural equation modeling. Findings The findings reveal the direct and indirect effect of value innovation logic on the new market space through the mediation of quantum strategy and customer value creation. Besides, this study shows that quantum strategy does not directly contribute to customer value creation. A reason is that the quantum strategy as a both/and strategy is the more dominating factor in creating new market space. Originality/value There is still a lack of a systematic understanding of how value innovation, as a firm’s strategic mindset, contribute to creating new market space through a firm’s strategic choices and superior customer value creation, as more proximal market-driven factors. This study empirically attempted to address this research problem. This study contributes to the strategic marketing literature by providing a model for the interwoven relationships between value innovation, quantum strategy, customer value and new market space.

show abstract

Proposal for a model to hierarchize strategic decisions according to criteria of value innovation, sustainability and budgetary constraint

Cited by 9 publications

References 13 publications

A paradigmatic model for shared value innovation management in the supply chain

A paradigmatic model for shared value innovation management in the supply chain

Evaluation of the Effects of a Center of Excellence Support Program on National Technology-Based Strategic Goals of a Country: A Case Study

The relationships among the logic of value innovation, strategic decisions and market-driven factors

Contact Info

Product

Resources

About