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040 _aMSU
_cMSU
_erda
100 1 _aSaarijarvi, Hannu.
_eauthor
245 1 4 _aThe mechanisms of value co-creation
_ccreated by Hannu Saarijärvi
264 _aAbingdon
_bTaylor and Francis
_c2012
336 _2rdacontent
_atext
_btxt
337 _2rdamedia
_aunmediated
_bn
338 _2rdacarrier
_avolume
_bnc
440 _aJournal of Strategic Marketing
_vVolume 20, number 5,
520 _aFacilitated by a wide array of technological advancements, interaction between customers and companies is taking new forms and shapes that go beyond traditional exchange. Companies are no longer perceived as sole goods providers, nor customers regarded merely as sources of money. Thus, both companies and customers are initiating new ways to support each others' value creation, that is, new value co-creation mechanisms are developed. This evolution has provided companies with a strategic impetus to reconsider their customers' roles in current business practices – a central characteristic of the contemporary discussion on value co-creation. However, not all companies necessarily benefit from value co-creation, which makes it even more important for them to carefully assess the opportunities that it entails. Thus, the purpose of this paper is to examine the strategic implications of the mechanisms of value co-creation. This is achieved through investigating the possibilities of different value co-creation mechanisms from the perspectives of economic, functional, emotional, and symbolic customer value propositions.
650 4 _aValue co-creation
650 4 _aEconomic customer value proposition
650 4 _aFunctional customer value proposition
856 _uhttps://doi.org/10.1080/0965254X.2012.671339
942 _2lcc
_cJA
999 _c157330
_d157330