Value-in-Context: An Exploration of the Context of Value and the Value of Context

Akaka, Melissa Archpru; Parry, Glenn

doi:10.1007/978-3-319-98512-1_20

Cited by 23 publications

(32 citation statements)

References 37 publications

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“…Our study illustrates that once knowledge readiness is established, the interplay between geographic and cognitive proximity increases the realisation of the knowledge potential that is embedded in the context when knowledge is used to create value-in-use and valuein-context (Akaka & Parry, 2019;Vargo et al, 2020). It is difficult for academics and industry mentors to realise the knowledge potential embedded in university-industry collaborations.…”

Section: The Importance Of Knowledge Readiness For Co-creationmentioning

confidence: 72%

“…The notion of value co-creation concerns actors' reasoning about their involvement in and contribution to their own value-creation processes (Lusch & Vargo, 2014;Vargo & Lusch, 2004), and it is increasingly used to describe various types of collaborations in which knowledge is considered key to the creation of value (Payne et al, 2008;Vargo et al, 2008). The focus is on knowledge use and how this creates value, i.e., value-in-use and value-in-context (Akaka & Parry, 2019;Chandler & Vargo, 2011;Edvardsson et al, 2011). Value-in-use concerns the use of knowledge to enact activities; value-in-context, meanwhile, concerns how culture, history, and socio-technical and situational factors influence how knowledge is used.…”

Section: The Notion Of Co-creation and The Value Of Knowledgementioning

confidence: 99%

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The significance of knowledge readiness for co-creation in university industry collaborations

Mathisen

Jørgensen

2021

Innovation

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This study explores value co-creation in university industry collaborations. The study is inspired by the constructivist approach to grounded theory and self-ethnography and based on interviews with 27 informants (eleven industry mentors and 16 academics) engaged in university industry collaborations. The findings suggest that co-creation depends on knowledge readiness and knowledge readiness develops through an interplay between temporary geographical and cognitive proximity. This study contributes to the existing literature on value co-creation, university industry collaborations, and proximity as follows: first, we shed light on the use of the co-creation perspective to enhance understandings of how value can be co-created in university industry collaborations. Second, we introduce the concept of knowledge readiness and demonstrate that co-creation in university industry collaborations between academics and industry mentors rests on knowledge readiness. Knowledge readiness concerns knowledge use and develops in the interplay between temporary geographical and cognitive proximity. We describe knowledge readiness as a subdimension of cognitive proximity. Knowledge readiness takes time to develop and is important for value co-creation and, subsequently, innovation in university industry collaborations.

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Section: The Importance Of Knowledge Readiness For Co-creationmentioning

confidence: 72%

Section: The Notion Of Co-creation and The Value Of Knowledgementioning

confidence: 99%

The significance of knowledge readiness for co-creation in university industry collaborations

Mathisen

Jørgensen

2021

Innovation

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“…Such claims were too narrowly focused upon one level of a broader sociotechnical system. They miss the multiple levels of interaction and value cocreation between and across levels in a system that impact value creation (Chandler and Vargo, 2011;Akaka and Parry, 2019). A broader transdisciplinary perspective (Jantsch, 1970), integrating knowledge from across disciplines, is required to understand and unlock the potential of DLT.…”

Section: A Vison For Decentralisationmentioning

confidence: 99%

“…Actors are social and economic resource integrators and may include individuals, households, firms, and nations (Vargo and Lusch, 2008). A service ecosystems view emphasises interactions at multiple levels: dyadic relationships occur at a micro level, such as actor-to-actor relationships; the meso level represents midrange interactions between industries or communities; finally, at the macro level, cultural, policy, and wider social structures are considered (Vargo and Lusch, 2016;Akaka and Parry, 2019).…”

Section: Consideration Of Goodmentioning

confidence: 99%

Perspectives on “Good” in Blockchain for Good

Parry

Collomosse

2021

Front. Blockchain

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Blockchain projects have been developed to extend the reach of distributed ledger technology (DLT) beyond cryptocurrency to achieve “good” in the world. Such projects may make a claim for moral, ethical, and responsible intent, but many researchers have not critically examined what good means in context. The concept of good has been debated for centuries and whilst we will not conclude the argument, we should engage in the discourse. We propose the idea that exploration across micro, meso, and macro levels of value creating ecosystems is needed. The implications, both practical and theoretical, of the use of blockchain for good require analysis. As the ambition for blockchain innovations to transform society for the better becomes practical reality, understanding of such change will come from transdisciplinary researchers able to bridge knowledge of social and technical systems.

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“…Value co-creation directs our attention to the importance of context, or "value-in-context" (Vargo, Maglio, & Akaka, 2008) that emphasizes the importance of time and place dimensions and network relationships of service (eco)systems in the creation and determination of value. In micro, meso, and macro levels of context (Chandler & Vargo, 2011), there are, for example, situational, socio-technological, or cultural and historic contexts that impact value co-creation (Akaka & Parry, 2018). Importantly, value-in-context-"an improvement in system well-being" (Vargo et al, 2008, p. 149)-can be determined with a macro-view as well as through phenomenological experience in the micro-level (Akaka & Parry, 2018).…”

Section: Value Co-creation In Health Carementioning

confidence: 99%

Information and Knowledge Processes in Health Care Value Co-Creation and Co-Destruction

Kaartemo

Känsäkoski

2018

SAGE Open

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The purpose of this article is to explore how information and knowledge processes (IKPs) influence co-creation and codestruction of value in a health service system. A qualitative, single embedded case-approach is taken to develop theory through a systematic combining of theoretical framework, empirical fieldwork, and case analysis. Six theoretical propositions are set to describe the linkage between IKPs and value co-creation (and co-destruction). The article contributes to health marketing and transformative service research by linking organizational activities to the motivation and empowerment of patients and their families, by highlighting the importance of the role of knowledge integration in value co-creation, by introducing a shift toward systems thinking, by conceptualizing value as manifested as health behavior change, and by underlining that health care processes may have a negative (value co-destructing) influence on the well-being of actors.

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Value-in-Context: An Exploration of the Context of Value and the Value of Context

Cited by 23 publications

References 37 publications

The significance of knowledge readiness for co-creation in university industry collaborations

The significance of knowledge readiness for co-creation in university industry collaborations

Perspectives on “Good” in Blockchain for Good

Information and Knowledge Processes in Health Care Value Co-Creation and Co-Destruction

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