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Some Challenges Encountered in Value Creation and Capture

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Value in Business

Part of the book series: Contributions to Management Science ((MANAGEMENT SC.))

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Abstract

As the title suggests, this chapter introduces the reader to the exciting journey this book is about to embark on by outlining how this volume contributes to the existent knowledge on value creation and capture. It describes important gaps that exist in the knowledge of value and deficiencies the commonly and widely employed methods of analysis and reasoning experience. Collectively, these gaps and deficiencies point to the need to adopt systems science and methodology as the next best tool for analyzing situations of value and for developing a cohesive theory of value. After all these objectives are accomplished, this chapter turns its attention to briefly introduce some of the fundamentals of systems thinking and relevant methodologies needed for the rest of this volume.

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Acknowledgment

Many colleagues have contributed to the success of this volume. Specifically, both Jeffrey Yi-Lin Forrest (Slippery Rock University, USA) and Yong Liu (Jiangnan University, China) threaded and edited all relevant contents together into this organized book. Jeffrey Yi-Lin Forrest (Slippery Rock University, USA) and Yong Liu (Jiangnan University, China) wrote Chap. 1. Yong Liu (Jiangnan University, China) and Jeffrey Yi-Lin Forrest (Slippery Rock University, USA) wrote Chap. 2. Chapter 3 is very technical, representing the joint effort of the following colleagues: Jeffrey Yi-Lin Forrest (Slippery Rock University, USA), Zhen Li (Texas Woman’s University), Roger A. Solano (Slippery Rock University, USA), David Doorn (West Chester University), Joachim Wagner (Leuphana University Lueneburg, Germany), Melanie Anderson (Slippery Rock University, USA), John Lipinski (Indiana University of Pennsylvania), Yong Liu (Jiangnan University, China), and Xiaoguang Tian (Purdue University Fort Wayne).

Jeffrey Yi-Lin Forrest (Slippery Rock University, USA), Lawrence Shao (Slippery Rock University, USA), Ralph McKinney (Marshall University), Dale Shao (Marshall University) wrote Chap. 4.

Jeffrey Yi-Lin Forrest (Slippery Rock University, USA), Yong Liu (Jiangnan University, China), Eric Swift (Slippery Rock University, USA), Tooraj Karimi (University of Tehran, Iran) wrote Chap. 5. Jeffrey Yi-Lin Forrest (Slippery Rock University, USA), Yong Liu (Jiangnan University, China), Theresa A. Wajda (Slippery Rock University, USA), Erkan köse (Nuh Naci Yazgan University, Turkey), Oğuzhan A. Arik (Nuh Naci Yazgan University, Turkey) wrote Chap. 6. Jeffrey Yi-Lin Forrest (Slippery Rock University, USA), Yong Liu (Jiangnan University, China), Theresa A. Wajda (Slippery Rock University, USA), Erkan köse (Nuh Naci Yazgan University, Turkey), Oğuzhan A. Arik (Nuh Naci Yazgan University, Turkey) wrote Chap. 7. Jeffrey Yi-Lin Forrest (Slippery Rock University, USA), Yaoguo Dang (Nanjing University of Aeronautics and Astronautics, China), Larry McCarthy (Slippery Rock University, USA), Sifeng Liu (Nanjing University of Aeronautics and Astronautics, China), Yong Liu (Jiangnan University, China) wrote Chaps. 8 and 9. Theresa A. Wajda and Jeffrey Yi-Lin Forrest (Slippery Rock University, USA), Michael Y. Hu (Kent State University), Zhen Li (Texas Woman’s University), Yong Liu (Jiangnan University, China) wrote Chaps. 10 and 11.

Jeffrey Yi-Lin Forrest (Slippery Rock University, USA), Sailau Baizakov (Institute of Mathematics and Mathematical Modeling, Kazakhstan), Yohannes G. Haile (Penn State Behrend), Abel Gyan (Slippery Rock University, USA), and Yong Liu (Jiangnan University, China) wrote Chap. 12. Jeffrey Yi-Lin Forrest (Slippery Rock University, USA), Yong Liu (Jiangnan University, China) John Golden (Slippery Rock University, USA), Yaya Sissoko (Indiana University of Pennsylvania), Qiaoxing Li (Guizhou University, China) wrote Chap. 13.

Jeffrey Yi-Lin Forrest (Slippery Rock University, USA), Abdykappar Ashimov (Kazakh National Research Technical University, Kazakhstan), Louie Ren (University of Houston—Victoria), Shahriar Gias (Slippery Rock University, USA), Yuriy Borovskiy (Kazakh National Research Technical University, Kazakhstan) wrote Chap. 14. Jeffrey Yi-Lin Forrest (Slippery Rock University, USA), Dmitry A. Novikov (Russian Academy of Sciences, Moscow), Stephen Larson (Slippery Rock University, USA), Fen Wang (Central Washington University), Jing Yang (State University of New York at Oneonta) wrote Chap. 15. Jeffrey Yi-Lin Forrest (Slippery Rock University, USA), Zaiwu Gong (Nanjing University of Information Science and Technology, China), Edward Scott (Slippery Rock University, USA), Gerardo Eloy Soto Ruiz (Autonomous University of the West, Mexico) wrote Chap. 16.

Jeffrey Yi-Lin Forrest (Slippery Rock University, USA), Jun Liu (Nanjing University of Information Science and Technology, China), Gérard Martorell (Lock Haven University), Liang Xu (Slippery Rock University, USA), Yong Liu (Jiangnan University, China), Davood Darvishi (Payame Noor University, Iran) wrote Chap. 17. Jun Liu and Huihong Chang (Nanjing University of Information Science and Technology, China), Jeffrey Yi-Lin Forrest (Slippery Rock University, USA), Baohua Yang (Jiangsu Normal University, China) wrote Chap. 18. Jeffrey Yi-Lin Forrest (Slippery Rock University, USA), Abdou K. Jallow (Slippery Rock University, USA), Chao Wen (Ohio Northern University), Juehui Shi (Angelo State University), Huan Guo (Jianghan University, China) wrote Chap. 19. Jeffrey Yi-Lin Forrest (Slippery Rock University, USA), Jun Liu (Nanjing University of Information Science & Technology, China), Huan Guo (Jianghan University, China), Yong Liu (Jiangnan University, China), Theresa M. Phipps (Slippery Rock University, USA), Yuanjun Yang and Yaru Cao (Nanjing University of Information Science & Technology, China) wrote Chap. 20. Jeffrey Yi-Lin Forrest (Slippery Rock University, USA) wrote Afterword.

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  1. Department of Accounting, Economics and Finance, Slippery Rock University of Pennsylvania, Slippery Rock, PA, USA

    Jeffrey Yi-Lin Forrest

  2. School of Business, Jiangnan University, Wuxi, Jiangsu, China

    Yong Liu

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Forrest, J.YL., Liu, Y. (2022). Some Challenges Encountered in Value Creation and Capture. In: Value in Business. Contributions to Management Science. Springer, Cham. https://doi.org/10.1007/978-3-030-82898-1_1

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