Purpose: The article analyses the interactions that are engaged
in when specialist organisations collaborate in value chain
networks. It aims to bridge the gap between existing theory and
emerging practices and identify a conceptual foundation for
future research and practical application. Interaction costs are
described as including transaction costs plus the costs for
exchanging ideas and information.
Design/methodology/approach: The paper adopts a conceptual
approach, and introduces the basic elements of an interaction
theory based on past theory and current practices.
Findings: In an increasingly global economy, reducing risks
while maximizing returns for emerging business models are a
key concern. The article puts forward the view that as interaction
costs decrease, potential business partners have greater scope to
interlink their business strategies and operations to co-create
value. It discusses the nature of interactions and highlights three
factors that are either reducing interaction costs or increasing the
effectiveness or frequency of interactions, thus increasing their
facility for business purposes: the convergence of technologies,
the delineation of roles within value chain business networks,
and the emergence of innovative interaction strategies among
network participants. It concludes by emphasizing the
importance of an interactions strategy through an analysis of
IKEA’s business model from an interactions perspective.
Originality/value: The paper provides the basis of an
interactions framework for researchers and practitioners to
analyse value adding activities and to develop strategies in value
Nandakumar, Deepika(University of Sydney Faculty of Engineering & IT School of Aerospace, Mechanical and Mechatronic Engineering, 2014-08-31)
Modification of surfaces to improve the thrombo-resistance of a synthetic biomaterial is a vital aspect in the design of haemocompatible surfaces. Recent work suggests a non-haemocompatible surface may ubiquitously adsorb ...
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Iron is a crucial element that is associated with many metabolic pathways important for life sustaining processes. Polyamines are small positively charged polycations involved in various physiological functions. Both iron ...