Customer value propositions as interorganizational management accounting to support customer collaboration

2015 ◽  
Vol 46 ◽  
pp. 54-67 ◽  
Author(s):  
Marc Wouters ◽  
Markus A. Kirchberger
Keyword(s):  
Customer Value ◽  
Management Accounting ◽  
Value Propositions ◽  
Interorganizational Management

scholarly journals MANAGEMENT ACCOUNTING TOOLS FOR IMPROVEMENT OF PRODUCTION PROCESS - LEAN PRODUCTION SYSTEM

2019 ◽  
Vol 31 (5) ◽  
pp. 1391-1396
Author(s):  
Gordana Stojmenović ◽  
Lyubcho Varamezov
Keyword(s):  
Production Process ◽  
Continuous Improvement ◽  
Production System ◽  
Customer Value ◽  
Production Systems ◽  
Management Accounting ◽  
Lean Production ◽  
Continuous Process ◽  
Added Value ◽  
Modern Business

Business in modern business conditions requires a continuous process of improvement and investment in all activities in the company. In order to survive on the market, resist the challenges of competition, but also the demands of customers, companies are constantly innovating the production process in an effort to improve all the company's activities. One of the production systems that proved to be suitable for continuous improvement and improvement of the production process is Lean production system. It represents the way companies react to the challenges of the present and the future. The Lean production system offers a variety of instruments, and for their implementation and application, managers are at all levels of responsibility and responsibility. Bearing this in mind, it can be said that the Lean production system is part of the management accounting. In addition, it represents a complete philosophy of thinking and action, which results in significant results by adequate application. The condition and the assumption that this management philosophy will lead to proper effectiveness and efficiency and enable them to continually improve in the function of maximizing profits is the authorization of employees to engage in the process of continuous improvement and decision-making. Lean is based on certain principles and philosophies, including customer value, value flow mapping, continuous flow, system requirements, and continuous improvements. Lean focuses on the added value. Lean's principle is a continuous search for perfection, perfection in production and business cooperation, with complete elimination of losses. Companies that implement the Lean Concept are constantly looking for ways to continually improve their efficiency, reduce costs and improve the quality of their products.

Understanding and managing customer value propositions: Introduction to the special issue

2020 ◽  
Vol 87 ◽  
pp. 242-243 ◽  
Author(s):  
Andreas Eggert ◽  
Pennie Frow ◽  
Adrian Payne ◽  
Lena Steinhoff
Keyword(s):  
Customer Value ◽  
Special Issue ◽  
Value Propositions

Loyalty of on-Line Bank Customers

1999 ◽  
Vol 14 (4) ◽  
pp. 375-386 ◽  
Author(s):  
Leif B. Methlie ◽  
Herbjørn Nysveen
Keyword(s):  
Customer Value ◽  
Explanatory Power ◽  
Search Costs ◽  
Marketing Strategies ◽  
Market Place ◽  
Traditional Markets ◽  
Brand Reputation ◽  
Value Propositions ◽  
On Line ◽  
Business Sectors

Electronic commerce changes the relationships between sellers and buyers dramatically. The new properties of electronic markets offer customers added values. New customer value propositions have to be established in most markets and new marketing strategies must be formulated. One of the business sectors most heavily affected is banking. How can banks retain loyal customers when moving into electronic banking? Research in marketing has unveiled several determinants of customer loyalty. However, this knowledge is based on research on customers in traditional markets. In this paper we focus on customers’ loyalty in on-line banking. The findings indicate that determinants of loyalty in on-line banking environments are similar to those in the physical market-place. However, customer satisfaction is found to have the most significant impact, followed by brand reputation, while switching costs and search costs, although significant, have minor explanatory power. The implications of these findings on banks’ marketing strategies are discussed.

scholarly journals Value Creation Attributes—Clustering Strategic Options for Romanian SMEs

2020 ◽  
Vol 12 (17) ◽  
pp. 7007 ◽  
Author(s):  
Alin Stancu ◽  
Alina Filip ◽  
Mihai Roșca ◽  
Daniela Ioniță ◽  
Raluca Căplescu ◽  
...  
Keyword(s):  
Value Creation ◽  
Customer Value ◽  
Quantitative Research ◽  
Principal Component ◽  
Customer Experience ◽  
Value Proposition ◽  
Multiple Sources ◽  
Customer Delight ◽  
Value Propositions ◽  
Strategic Options

Value proposition can be an important source of competitive advantage for small and medium sized enterprises (SMEs). Unlike large companies which follow a rational and sequential process, developing a value proposition in an SME is instead a trial and error process. Therefore, those companies are experimenting with various options. The purpose of this paper was to identify the value strategies used by SMEs based on value dimensions and attributes and to find specific groups of SMEs with a similar market approach. We present a theoretical framework on customer value creation and customer value communication, followed by a quantitative research on 399 Romanian SMEs. We used a principal component analysis to reduce the number of choices and afterwards we ran a cluster analysis to identify the distinct groups of SMEs using specific value propositions. We found that there are three major strategic options based on customer experience, affordability and customization, and four distinct clusters: customer delight (A), multiple sources of differentiation (B), one-to-one marketing (C) and cost—effectiveness (D). Three groups use distinct value propositions—A focuses on customer experience, C on customization, D on affordability—while B mixes all of them.

scholarly journals Waardering en naar de markt brengen van nieuwe technologie

2000 ◽  
Vol 74 (6) ◽  
pp. 269-379
Author(s):  
W. Van Rossum ◽  
A. A. De Waal
Keyword(s):  
Customer Value ◽  
Management Accounting

Naarmate bedrijven steeds vaker technologieontwikkeling uitbesteden, wordt het belangrijker voor de leveranciers van nieuwe technologie op een adequate wijze de waarde vast te stellen van hun nieuwe technologie, met als uitgangspunt de rol die de technologie zal spelen in het productieproces van de afnemer. In het onderhavige artikel besteden de auteurs eerst aandacht aan de bestaande wijzen van waardering van technologieën en ontwikkelen zij daarna een eigen benadering die is gebaseerd op een combinatie van inzichten uit management accounting en business marketing. De auteurs argumenteren dat de door hen bepleite ‘customer value based’- methode zal leiden tot hogere waardeopbrengsten voor toeleveranciers en afnemers. Deze methode wordt geïllustreerd aan de hand van een voorbeeld van de bijdragen vanuit een nanotechnologiebedrijf aan verscheidene afnemers. Het artikel eindigt met een omschrijving van het onderzoeksprogramma dat is gericht op het verder ontwikkelen van deze nieuwe methode van waardering en naar de markt brengen van technologie.

scholarly journals Competitive Advantages and Values Created and Attained Out of Well-Crafted Customer Value Propositions

2021 ◽  
Vol 16 (2) ◽  
pp. 53-73
Author(s):  
Jeffrey Yi-Lin Forrest ◽  
Dmitry A. Novikov ◽  
Stephen Larson ◽  
Fen Wang ◽  
Jing Yang
Keyword(s):  
Customer Value ◽  
Market Competition ◽  
Value Added ◽  
Future Research ◽  
Competitive Advantages ◽  
Analytical Reasoning ◽  
Potential Market ◽  
Value Propositions ◽  
Game Theoretic ◽  
Generally True

Abstract To help facilitate the development of a theoretically rigorous and practically useful theory of customer value propositions (CVP), as called for repeatedly by the extant literature, this paper establishes a game-theoretic theorem regarding the dynamics of market competition and potential market entry. On top of this result and by employing logical rigor and analytical reasoning, eight generally true facts are developed without suffering from the constraints of data- and anecdote- based approaches, as widely used in the literature. In particular, these established results reveal how a newly adopted CVP is associated with the three essential processes underlying a company’s operation, how it will be pivotal for the company to attain competitive advantages, how the value added by adopted CVPs can be determined, etc. At the end, recommendations for decision-making managers and entrepreneurs and potential questions for future research are provided.

Four steps to re-ignite Japan’s innovation leadership

2016 ◽  
Vol 44 (6) ◽  
pp. 35-45
Author(s):  
Kazuaki Ikeda ◽  
Anthony Marshall ◽  
Shuma Okamura
Keyword(s):  
Customer Value ◽  
Business Leaders ◽  
Leadership Role ◽  
Content Type ◽  
Ecosystem Connectivity ◽  
Value Propositions ◽  
Innovation Leadership ◽  
Opening Up ◽  
Innovation Processes ◽  
Innovation Paradigms

Purpose This analysis assesses the barriers to innovation Japanese executives must contend with and outlines key strategies to help their organizations, and all companies that seek to compete in global marketplaces, assume a leadership role in implementing a business ecosystem strategy. Design/methodology/approach To better understand the economic and management challenges Japan’s business leaders face and how they are addressing them, the IBM Institute for Business Value in collaboration with Oxford Economics conducted a survey of 1,151 Japanese executives across 17 industries. Findings While the strategy of opening up innovation processes to customers, partners and other stakeholders has been adopted successfully in many nations, Japanese organizations appear stuck in closed, insular innovation paradigms Practical implications Japanese organizations need to embrace entirely new customer value propositions, build new partnering arrangements and more effectively harness the power of innovation by taking four key sets of actions that: Re-imagine customer experience; Redefine business ecosystems; Promote ecosystem connectivity; Revitalize innovation governance. Originality/value A bold analysis of why Japanese business leaders largely ignore new forms of competition emanating from startups or emergent cross-industry players, even as traditional industries such as banking now anticipate massive technology-fueled disruption and how they can change.

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