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Framing Changes of the Value Proposition of Emerging Technologies in a B2B Context
Stockholm University, Faculty of Social Sciences, Stockholm Business School.ORCID iD: 0000-0002-7665-7098
Number of Authors: 12022 (English)In: Journal of Business-to-Business Marketing, ISSN 1051-712X, E-ISSN 1547-0628, Vol. 29, no 2, p. 99-118Article in journal (Refereed) Published
Abstract [en]

Purpose: Although the literature acknowledges the importance of value proposition change, existing research on how the value proposition can change remains relatively limited. The aim of the study was to develop a framework to explore how the value proposition evolves over time in the case of emerging technologies.

Methodology/approach: Based on a single case and a processual approach, the longitudinal research design tracks changes in the value proposition over a 25-year period.

Findings: The study provides a nuanced account of how framing of the value proposition shifted from vision to network and finally to usage through synergetic relationships with customers as the firm moved from startup to IPO and ultimately to public company. On this view, the value proposition emerges as a dynamic communication process that reduces customer uncertainty about the value of new technologies, leveraging company's resources and competencies.

Research implications: The findings confirm that value proposition change can be understood as a dynamic communication process that can reduce uncertainty about new technologies and highlights the role of vision in guiding the overall evolution of the value proposition over time, including networking and usage.

Practical implications: The study confirms the importance of reframing the value proposition over time to address customer uncertainty about the value of new technologies, enabling companies to influence expectations by making certain benefits salient. The study also confirms the importance of adopting a proactive approach to value proposition change.

Originality: The study's primary contribution is the development of a framework for exploring value proposition change in emerging technologies in terms of three distinct frames: vision, network, and usage.

Place, publisher, year, edition, pages
2022. Vol. 29, no 2, p. 99-118
Keywords [en]
Value proposition change, commercialization of emerging technologies, technological innovation in B2B, framing, vision, network, usage
National Category
Economics and Business
Identifiers
URN: urn:nbn:se:su:diva-203980DOI: 10.1080/1051712X.2022.2051833ISI: 000776212700001Scopus ID: 2-s2.0-85128102680OAI: oai:DiVA.org:su-203980DiVA, id: diva2:1652521
Available from: 2022-04-19 Created: 2022-04-19 Last updated: 2023-08-29Bibliographically approved
In thesis
1. Unpacking the Value of Emerging Technologies: Experimentation, Communication and Knowledge Brokering
Open this publication in new window or tab >>Unpacking the Value of Emerging Technologies: Experimentation, Communication and Knowledge Brokering
2023 (English)Doctoral thesis, comprehensive summary (Other academic)
Abstract [en]

While many emerging technologies are making significant strides in the marketplace, others are developing at a slower pace. Historical experience has shown that their success can vary widely, from outright failure to becoming indispensable to daily life. The creation of value associated with emerging technologies has become a focal point for CEOs, business leaders, policymakers, and global forums such as the World Economic Forum. They actively explore opportunities for value creation using these technologies. Yet, the value of emerging technologies often remains uncertain since their adoption in new contexts and usage may deviate significantly from providers' intended use cases. The commercialization of emerging technologies presents a profound challenge due to the uncertain value and complex landscape of innovation.

This thesis aims to investigate the processes that help unpack the value of emerging technologies to customers in a B2B context, with a focus on processes that recognize the evolving, dynamic nature of value. The thesis contends that co - creation processes help customers in unpacking the value of emerging technologies. Given the constantly evolving nature of emerging technologies, it is important to adopt a comprehensive perspective in order to fully comprehend their complex nature. In order to address the challenges presented by the uncertain value of emerging technologies in B2B settings, this thesis proposes a framework that focuses on three co-creation processes - experimentation, communication, and knowledge brokering - that may assist customers in unpacking the value of emerging technologies for their businesses. Finally, the thesis concludes with a discussion of its contributions, both theoretical and practical implications, and recommendations for further research.

Place, publisher, year, edition, pages
Stockholm: Stockholm Business School, Stockholm University, 2023. p. 132
Keywords
commercialization of emerging technologies, unpacking the value, value co-creation, experimentation, communication, knowledge brokering, framing of emerging technologies, value proposition
National Category
Business Administration
Research subject
Business Administration
Identifiers
urn:nbn:se:su:diva-220425 (URN)978-91-8014-472-8 (ISBN)978-91-8014-473-5 (ISBN)
Public defence
2023-10-12, lärosal 4, hus 1, Albano, Albanovägen 28, Stockholm, 13:00 (English)
Opponent
Supervisors
Available from: 2023-09-19 Created: 2023-08-29 Last updated: 2023-09-11Bibliographically approved

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