Conceptual Model of the Ecosystem Value Balance

Krista Sorri, Katariina Yrjönkoski, Linnea Harala

Research output: Chapter in Book/Report/Conference proceedingConference contributionScientificpeer-review

Abstract

Despite the growing interest in ecosystems, research on ecosystem-level value distribution is still scant. Value creation and different value dimensions have a relatively wide knowledge base in the context of dyadic relationships and networks. However, the existing ecosystem literature does not recognize these dimensions at the ecosystem level. This article proposes an initial framework for assessing the value, particularly at the ecosystem level. Furthermore, the majority of the existing literature focuses merely on financial and functional values. This framework denotes also social, emotional, and epistemic dimensions of value. The framework is built as a constructive process. This study presents a theoretically founded iterative design phase followed by the first empirical test with one case ecosystem. The findings indicate the value balance exists in a case ecosystem, which is in a stable and established state. The article also proposes the next steps to develop the framework further. These include e.g. testing the framework with ecosystems, which are in more volatile phases (i.e. pioneering or renewal phase) and developing a measurement regime for evaluating the importance of each different value dimension.
Original languageEnglish
Title of host publicationBusiness Modeling and Software Design
Subtitle of host publication11th International Symposium, BMSD 2021, Sofia, Bulgaria, July 5–7, 2021, Proceedings
EditorsBoris Shishkov
PublisherSpringer
Pages286-295
Number of pages10
Edition1
ISBN (Electronic)978-3-030-79976-2
ISBN (Print)978-3-030-79975-5
DOIs
Publication statusPublished - 2 Jul 2021
Publication typeA4 Article in a conference publication
EventInternational Symposium on Business Modeling and Software Design - Sofia, Bulgaria
Duration: 5 Jul 20217 Jul 2021

Publication series

NameLecture Notes in Business Information Processing
PublisherSpringer
Volume422
ISSN (Print)1865-1348
ISSN (Electronic)1865-1356

Conference

ConferenceInternational Symposium on Business Modeling and Software Design
Country/TerritoryBulgaria
CitySofia
Period5/07/217/07/21

Keywords

  • Ecostem
  • Value co-creation
  • Value balance
  • Value

Publication forum classification

  • Publication forum level 1

ASJC Scopus subject areas

  • Business, Management and Accounting(all)

Fingerprint

Dive into the research topics of 'Conceptual Model of the Ecosystem Value Balance'. Together they form a unique fingerprint.

Cite this