Abstract
Continuing the effort of the previous chapter to develop a theoretically rigorous and practically useful theory of customer value propositions (CVP), as called for repeatedly by the extant literature, this chapter, mainly based on (Forrest et al., 2021, Studies in Business and Economics Journal, 16(2)), establishes eight generally true facts that do not suffer from the constraints of data-based and anecdote-based approaches, as widely used in the relevant literature.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
References
Acemoglu, D., & Restrepo, P. (2016). The race between man and machine: Implications of technology for growth, factor shares, and employment. NBER Working Papers No.22252.
Adner, R. (2017). Ecosystem as structure: An actionable construct for strategy. Journal of Management, 43(1), 39–58.
Adner, R., Oxley, J. E., & Silverman, B. S. (Eds.). (2013). Collaboration and competition in business ecosystems. Emerald.
Anderson, J. C., & Narus, J. A. (1998). Business marketing: Understand what customers value. Harvard Business Review, 76(6), 53–65.
Ballantyne, D., Frow, P., Varey, J. R., & Payne, A. (2011). Value propositions as communication practice: Taking a wider view. Industrial Marketing Management, 40(2), 202–210.
Bernanke, B.S., & Gertler, M. (1999). Monetary policy and asset price volatility. Economic Review, Federal Reserve Bank of Kansas City, fourth quarter (pp. 17–51).
Blocker, C. P. (2011). Modeling customer value perceptions in cross-cultural business markets. Journal of Business Research, 64(5), 533–540.
Carlson, C., Polizzotto, L., & Gaudette, G. R. (2019). The “NABC’s” of value propositions. IEEE Engineering Management Review, 47(3), 15–20.
Clarke, I., III. (2001). Emerging value propositions for M-commerce. Journal of Business Strategies, 18(2), 133–148.
Day, G. S. (1994). The capabilities of market-driven organizations. Journal of Marketing, 58(4), 37–52.
Duan, Y. Q., Edwards, J. S., & Dwivedi, Y. K. (2019). Artificial intelligence for decision making in the era of big data – Evolution, challenges and research agenda. International Journal of Information Management, 48(October), 63–71.
Fernando, C. S., Sharfman, M. P., & Uysal, V. B. (2017). Corporate environmental policy and shareholder value: Following the smart money. Journal of Financial and Quantitative Analysis, 52(5), 2023–2051.
Forrest, J. Y.-L., Buttermore, J., & Theresa Wajda, T. (2017). At Nash equilibrium when new market competitions appear? Kybernetes: The International Journal of Cybernetics, Systems and Management Sciences, 46(2), 256–271.
Forrest, J. Y.-L., Hopkins, Z., & Liu, S. F. (2013). Currency wars and a possible self-defense (I): How currency wars take place. Advances in Systems Science and Application, 13, 198–217.
Forrest, J. Y.-L., Novikov, D. A., Larson, S., Wang, F., & Yang, J. (2021). Competitive advantages and values created and attained out of well-crafted customer value propositions, Studies in Business and Economics Journal, 16(2), 53–73.
Forrest, J. Y.-L., & Orvis, B. (2016). Principles of management efficiency and organizational inefficiency. Kybernetes: The International Journal of Cybernetics, Systems and Management Sciences, 45(8), 1308–1322.
Forrest, J. Y.-L., Tucker, R., Lin, C. C., & Mondal, S. (2018). Impacts of manufacturing firms’ culture, structure and leadership on innovation: A systemic approach. Proceedings of the 2018 annual conference of NABET (pp. 95–120).
Frow, P., & Payne, A. (2011). A stakeholder perspective of the value proposition concept. European Journal of Marketing, 45(1–2), 223–240.
Fuentelsaz, L., & Gómez, J. (2006). Multipoint competition, strategic similarity and entry into geographic markets. Strategic Management Journal, 27(5), 477–499.
Grant, J. I. (2003). Foundations of economic value added. Wiley.
Hendrikse, G., Hippmann, P., & Windsperger, J. (2015). Trust, transaction costs and contractual incompleteness in franchising. Small Business Economics, 44(4), 867–888.
Holttinen, H. (2014). Contextualizing value propositions: Examining how consumers experience value propositions in their practices. Australian Marketing Journal, 22(2), 103–110.
Hsieh, K. Y., & Vermeulen, F. (2014). The structure of competition: How competition between one’s rivals influences imitative market entry. Organization Science, 25(1), 299–319.
Khantimirov, D. (2017). Market share as a measure of performance: Conceptual issues and financial accountability for marketing activities within a firm. Journal of Research in Marketing, 7(3), 587–592.
Kotler, P. (1977). From sales obsession to marketing effectiveness. Harvard Business Review, 55(6), 67–75.
Kowalkowski, C. (2011). Dynamics of value propositions: Insights from service-dominant logic. European Journal of Marketing, 45(1/2), 277–294.
Lanning, M., & Michaels, E. (1988). A business is a value delivery system. McKinsey staff paper no. 41, July.
Li, T., & Ma, J. H. (2015). Complexity analysis of dual-channel game model with different managers’ business objectives. Communications in Nonlinear Science and Numerical Simulation, 20, 199–208.
Lin, Y., & OuYang, S. C. (2010). Irregularities and prediction of major disasters. CRC Press.
Marketing Science Institute. (2010). MSI research priorities 2010–12. MSI.
McGrath, R. G. (2013). The end of competitive advantage: How to keep your strategy moving as fast as your business. Harvard Business Review Press.
Nohria, N., & Garcia-Pont, C. (1991). Global strategic linkages and industry structure. Strategic Management Journal, 12(Summer Special Issue), 105–124.
Parasuraman, A. (1997). Reflections on gaining competitive advantage through customer value. Journal of the Academy of Marketing Science, 25, 154. https://doi.org/10.1007/BF02894351
Payne, A., Frow, P., & Eggert, A. (2017). The customer value proposition: Evolution, development, and application in marketing. Journal of the Academy of Marketing Science, 45, 467–489.
Pyper, K., Doherty, A. M., Gounaris, S., & Wilson, A. (2019). Investigating international strategic brand management and export performance outcomes in the B2B context. International Marketing Review, 37(1), 98–129.
Randall, W. S., Defee, C. C., & Brady, S. P. (2010). Value propositions of the U.S. trucking industry. Transportation Journal, 49(3), 5–23.
Rintamäki, T., & Kirves, K. (2017). From perceptions to propositions: Profiling customer value across retail contexts. Journal of Retailing and Consumer Services, 37(July), 159–167.
Rintamaki, T., Kuusela, H., & Mitronen, L. (2007). Identifying competitive customer value propositions in retailing. Managing Service Quality, 17(6), 621–634.
Robins, J. A. (1992). Organizational considerations in the evaluation of capital assets: Toward a resource-based view of strategic investment by firms. Organization Science, 3(4), 442–562.
Sheehan, N. T., & Bruni-Bossio, V. (2015). Strategic value curve analysis: Diagnosing and improving customer value propositions. Business Horizons, 58(3), 317–324.
Smith, A. M. (2013). The value co-destruction process: A customer resource perspective. European Journal of Marketing, 47(11/12), 1889–1909.
Srivastava, R. K., Shervani, T. A., & Fahey, L. (1999). Marketing, business processes, and shareholder value: An organizationally embedded view of marketing activities and the discipline of marketing. Journal of Marketing, 63(4), 168–179.
Starch, D. (1914). Advertising: Its principles, practice, and technique. Scott, Foresman.
Webster, F. E. (2002). Market-driven management: How to define, develop and deliver customer value (2nd ed.). Wiley.
Williams, P., & Naumann, E. (2011). Customer satisfaction and business performance: A firm-level analysis. Journal of Services Marketing, 25(1), 20–32.
Wouters, M. (2010). Customer value propositions in the context of technology commercialization. International Journal of Innovation Management, 14(6), 2099–1127.
Wouters, M., & Kirchberger, M. A. (2015). Customer value propositions as interorganizational management accounting to support customer collaboration. Industrial Marketing Management, 46(April), 54–67.
Yrjölä, M. (2015). Uncovering executive prioritization: Evaluating customer value propositions with the pairwise comparison method. Journal of Service Science and Management, 8(1). https://doi.org/10.4236/jssm.2015.81001
Zhang, T. C., Gu, H. M., & Jahromi, M. F. (2019). What makes the sharing economy successful? An empirical examination of competitive customer value propositions. Computers in Human Behavior, 95(June), 275–283.
Zheng, C. D., Yu, X. F., & Jin, Q. M. (2017). How user relationships affect user perceived value propositions of enterprises on social commerce platforms. Information Systems Frontiers, 19, 1261–1271.
Author information
Authors and Affiliations
Rights and permissions
Copyright information
© 2022 The Author(s), under exclusive license to Springer Nature Switzerland AG
About this chapter
Cite this chapter
Forrest, J.YL., Liu, Y. (2022). Values and Competitive Advantages Based on Customer Value Propositions. In: Value in Business. Contributions to Management Science. Springer, Cham. https://doi.org/10.1007/978-3-030-82898-1_15
Download citation
DOI: https://doi.org/10.1007/978-3-030-82898-1_15
Published:
Publisher Name: Springer, Cham
Print ISBN: 978-3-030-82897-4
Online ISBN: 978-3-030-82898-1
eBook Packages: Business and ManagementBusiness and Management (R0)