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This book uses a system-based approach to decipher and organize the concepts and conclusions relevant for creating and capturing value in business. It develops a scientific theory based on systems science and logical reasoning that is commonly employed in mathematics and natural science. The resulting new theory focuses on the organizational nature of the world and the organic and holistic feature of human organizations and their interactions. To this end, this book identifies a few axioms, instead of empirical discoveries, on which it reliably constructs the entire theory.
List of contents
Some Challenges Encountered in Value Creation and Capture.- Part I Preparation.- Introduction to Systems Research and Systemic Reasoning.- Evolution of a Market of Free Competition: A Symbolic Approach.- Axiomatization of the Resource View: The Firm and Markets.- Evolution of Resources: An Axiomatized Resource View.- Part II Demand- and Supply-Side Strategies.- The Supply-Chain Ecosystem of a Firm.- Upstream/Downstream Impacts on a Firm's Performance.- Sufficient Conditions that Lead to Synergistic Innovations.- Consumer Synergies: Simultaneous Utilities & Multi-Sided Markets.- The Systemic, Hierarchical Structure of the Mind.- Preferred Taxonomies & Inclusive Classification of Consumers.- Value Creation out of Innovation and Resources.- Value Capture out of Strategic Networks and Blocks.- When Effective Consumer Value Propositions Emerge.- Values and Competitive Advantages based on Customer Value Propositions.- Market-Sensing Capabilities and Their Vital Importance in Firm Performance.- Part V Some Roles of Manufacturing and Artificial Intelligence.- Manufacturing in Industrial Transformations.- How Artificial Intelligence Affects Technological Innovations.- Part VI Government Policies and Supports.- How the Government can Help Stimulate Economic Growth.- When Government Policies Improve Firm Performance.- Index.
About the author
Jeffrey Yi-Lin Forrest is Professor in the Department of Accounting, Economics and Finance at Slipper Rock University (Pennsylvania, USA). His research interests are mainly in the area of systems research and applications in a wide-ranging number of disciplines of the traditional science, such as mathematical modeling, foundations of mathematics, data analysis, theory and methods of predictions of disastrous natural events, economics and finance, management science, philosophy of science, etc.
Yong Liu is Professor in the School of Business at Jiangnan University (China). He has published over 60 research papers in many international journals in the areas of science and technology management.
