Toward a better understanding of the role of value in markets and marketing special issue

• Other Authors: Vargo, Stephen L., 1945-, Lusch, Robert F.
• Format: Electronic
• Language: English
• Published: Bingley, U.K. : Emerald, 2012.
• Series: Review of marketing research, v. 9
• Subjects: Business & Economics > Marketing > Research.; Business & Economics > International > Marketing.; Sales & marketing management.; Marketing.; Value.; elektronické knihy; electronic books
• ISBN: 9781780529134 (electronic bk.) :
• Physical Description: 1 online resource (xv, 252 p.) : ill.
• ISSN: 1548-6435

In their 2004 article "Evolving to a new dominant logic for marketing," Vargo and Lusch established the related principles that value is always co-created and, thus, firms cannot deliver value, but only develop compelling value propositions. This perspective is now known as "service-dominant (S-D) logic." Subsequent S-D logic work has suggested that value is not only always co-created; it also requires the integration of resources from multiple sources and thus is contextually contingent, since each instance of value creation involves the availability, integration, and use of a different combination of resources. This repositioning of value, from a static concept of something embedded in the output of a "producer" to be "consumed," to a dynamic concept of a co-created outcome in ever-changing, networked systems, can be seen throughout the manuscripts in this volume.