Value propositions: a service ecosystems perspective

Pennie Frow*, Janet R. McColl-Kennedy, Toni Hilton, Anthony Davidson, Adrian Payne, Danilo Brozovic

*Corresponding author for this work

Research output: Contribution to journalArticle

Abstract

Despite significant interest in value propositions, there is limited agreement about their nature and role. Moreover, there is little understanding of their application to today’s increasingly interconnected and networked world. The purpose of this article is to explore the nature of value propositions, extending prior conceptualisations by taking a service ecosystem perspective. Following a critical review of the extant literature in service science on value propositions, value co-creation, service-dominant logic and networks and drawing on six metaphors that provide insights into the nature of value propositions, we develop a new conceptualisation. The role of value propositions is then explored in terms of resource offerings between actors within micro, meso and macro levels of service ecosystems. We illustrate these perspectives with two real-world exemplars. We describe the role of value propositions in an ecosystem as a shaper of resource offerings. Finally, we provide five key premises and outline a research agenda.
Original languageEnglish
Pages (from-to)327-351
Number of pages25
JournalMarketing Theory
Volume14
Issue number3
Early online date23 May 2014
DOIs
Publication statusPublished - 1 Sep 2014

Keywords

  • collaboration
  • network
  • resource integration
  • service ecosystem
  • value co-creation
  • value proposition

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    Frow, P., McColl-Kennedy, J. R., Hilton, T., Davidson, A., Payne, A., & Brozovic, D. (2014). Value propositions: a service ecosystems perspective. Marketing Theory, 14(3), 327-351. https://doi.org/10.1177/1470593114534346