Professional buyers and the value proposition

Alan Aitken, Robert A. Paton

    Research output: Contribution to journalArticle

    28 Downloads (Pure)

    Abstract

    Lusch (2011) considers Service-Dominant Logic (S-DL) to be an appropriate lens through which to view supply chain research, and suggests it be used to better understand value. The authors, accepting a founding premise of S-DL that value is phenomenologically determined by the recipient, adopt a qualitative methodology to penetrate the inherent complexity and commercial confidentiality of the buyer-seller relationship. In particular the authors make a comparative evaluation as to how the wider, psychological needs of the buyer interact with the effects of the organisational goals of their businesses. The study uses a longitudinal research design, involving web-based diaries and follow-up interviews to develop the empirical understanding of the dominant patterns of buyer value perception that, within the context of the investigation, both challenge extant thinking and informs the debate regarding the approaches to combining value creation and value capture (Skilton, 2014). The explanations offered suggest that exchange value achieves a greater buyer focus than utility value, and acknowledges the relative importance of buyer value perceptions that are not directly aligned with organisational objectives. These findings, it is argued, may cause organisations to reflect on their procurement policies and procedures as they seek to engage with potential suppliers.
    Original languageEnglish
    Pages (from-to)223-231
    Number of pages9
    JournalEuropean Management Journal
    Volume34
    Issue number3
    Early online date8 Apr 2016
    DOIs
    Publication statusPublished - Jun 2016

    Fingerprint

    Value proposition
    Buyers
    Service-dominant logic
    Value creation
    Procurement
    Value capture
    Suppliers
    Psychological
    Supply chain
    Confidentiality
    Relative importance
    Diary
    Web-based
    Qualitative methodology
    Exchange value
    Buyer-seller relationships
    Longitudinal research
    Evaluation
    Research design

    Keywords

    • value perceptions
    • service-dominant logic
    • procurement
    • business to business buyers

    Cite this

    Aitken, Alan ; Paton, Robert A. / Professional buyers and the value proposition. In: European Management Journal. 2016 ; Vol. 34, No. 3. pp. 223-231.
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    Professional buyers and the value proposition. / Aitken, Alan; Paton, Robert A.

    In: European Management Journal, Vol. 34, No. 3, 06.2016, p. 223-231.

    Research output: Contribution to journalArticle

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    T1 - Professional buyers and the value proposition

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    AU - Paton, Robert A.

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    AB - Lusch (2011) considers Service-Dominant Logic (S-DL) to be an appropriate lens through which to view supply chain research, and suggests it be used to better understand value. The authors, accepting a founding premise of S-DL that value is phenomenologically determined by the recipient, adopt a qualitative methodology to penetrate the inherent complexity and commercial confidentiality of the buyer-seller relationship. In particular the authors make a comparative evaluation as to how the wider, psychological needs of the buyer interact with the effects of the organisational goals of their businesses. The study uses a longitudinal research design, involving web-based diaries and follow-up interviews to develop the empirical understanding of the dominant patterns of buyer value perception that, within the context of the investigation, both challenge extant thinking and informs the debate regarding the approaches to combining value creation and value capture (Skilton, 2014). The explanations offered suggest that exchange value achieves a greater buyer focus than utility value, and acknowledges the relative importance of buyer value perceptions that are not directly aligned with organisational objectives. These findings, it is argued, may cause organisations to reflect on their procurement policies and procedures as they seek to engage with potential suppliers.

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