Value creation in a business network relationship
Value creation in a business network relationship

Summary/Abstract: Value plays a key role in business operations and its creation lies at the origin of the competitiveness of each company. Being an important element of any company’s business model it helps achieving competitive advantage in a foreign market. A business network approach fosters activities aimed at value creation. The analysis in this paper relates to value that is created in the focal business network relationship. Since the existing literature does not focus on that aspect, the aim of the paper is to point out, by analysing the notion of value and value creation, the characteristics of the focal business relationship that impact this process. The main characteristics are considered to be: trust, conflict management, organizational culture and managerial capabilities. The paper is of a conceptual character and is structured as follows: first the notion of value and value creation are discussed, then the specificity of value creation within focal business relationship is proposed. In the last part of the paper the focal relationship characteristics that impact value creation for the focal actors in a business network relationship are suggested. The paper ends with managerial implications and further research suggestions.

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