Identifying unseen reservoirs of value in your business
Purpose This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies. Design/methodology/approach This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context. Findings This research paper concentrates on creating a conceptual framework to demystify the value co-creation strategies entered into by buyers and suppliers in Australia's heavy industrial sector. Mining value from lower risk exploitative strategies, for these companies, generated higher intended and spill-over effects than risker explorative strategies. The companies did find that applying knowledge learned elsewhere, such as at one of their overseas factories, in a new context enabled them to benefit from the so-called spill-over effect of co-creation. For example, buyers discovered more efficient equipment specifications and rolled these out to all sites in conjunction their supplier. Originality/value The briefing saves busy executives, strategists and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format.