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A value network is a complex set of relationships between organizations or individuals that interact to create and exchange value. It emphasizes the interconnectedness and interdependencies within a system, highlighting how value is co-created through collaboration and shared resources.
Value creation is the process by which businesses generate economic, social, or environmental benefits that exceed the costs associated with delivering them, ultimately enhancing stakeholder wealth. It involves understanding customer needs, leveraging resources efficiently, and fostering innovation to achieve sustainable competitive advantage.
Network theory is a study of graphs as a representation of relationships and interactions within a system, providing insights into the structure and dynamics of complex networks. It is widely applied in various fields such as sociology, biology, and computer science to analyze how components connect and influence each other.
Supply chain management encompasses the planning and oversight of all activities involved in sourcing, procurement, conversion, and logistics management. It aims to optimize the flow of goods, information, and finances from raw material suppliers to end consumers, enhancing efficiency and customer satisfaction.
Collaborative Advantage refers to the strategic benefits that organizations gain by working together, leveraging each other's strengths and resources to achieve outcomes that would be unattainable individually. It emphasizes the importance of building trust, managing relationships, and aligning goals to create value beyond competitive advantage.
Systems Thinking is an approach to problem-solving that views 'problems' as parts of an overall system, rather than reacting to specific parts, outcomes, or events. It emphasizes the interconnections and interactions between the components of a system, recognizing that change in one part of the system can have significant effects on other parts and the system as a whole.
Resource sharing is the strategic allocation and utilization of resources across different entities or systems to optimize efficiency and reduce costs. It fosters collaboration, enhances access to resources, and can lead to innovation by leveraging collective capabilities.
Co-opetition is a strategic approach where businesses collaborate with competitors to achieve mutual benefits while maintaining competitive independence. This paradoxical strategy leverages shared resources and knowledge to enhance innovation and market growth, ultimately benefiting all parties involved.
Innovation networks are collaborative ecosystems where diverse entities such as companies, universities, and research institutions work together to drive technological advancements and create value. These networks leverage shared resources, knowledge exchange, and strategic partnerships to accelerate innovation and enhance competitive advantage.
Disruptive innovation refers to a process where a smaller company with fewer resources successfully challenges established businesses by targeting overlooked segments and offering more accessible or affordable solutions. Over time, these innovations improve and capture a larger market share, often displacing established competitors.
The Innovator's Dilemma describes the challenge established companies face when they must choose between investing in sustaining innovations that improve their existing products or disruptive innovations that could potentially create new markets but also risk undermining their current business. This dilemma often leads to the downfall of successful companies that fail to adopt disruptive technologies, allowing new entrants to capture market share.
Disruptive technology refers to innovations that significantly alter or replace existing technologies, markets, or industries, often displacing established market leaders. These technologies typically start by offering simpler, more affordable, or more convenient alternatives, eventually transforming the market landscape as they improve and gain adoption.
Disruptive change refers to innovations or developments that significantly alter or replace existing systems, markets, or industries, often displacing established players and reshaping competitive landscapes. It is characterized by its ability to create new value networks and challenge the status quo, leading to transformative shifts in how businesses and societies operate.
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