A Conceptual Framework for Value Co-Creation in Service Enterprises (Case of Tourism Agencies)

Fatemeh Hamidi, Naser Shams Gharneh and Datis Khajeheian
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Fatemeh Hamidi: Department of Industrial Engineering and Management Systems, AmirKabir University of Technology, Tehran 1591634311, Iran
Naser Shams Gharneh: Department of Industrial Engineering and Management Systems, AmirKabir University of Technology, Tehran 1591634311, Iran
Datis Khajeheian: Department of Business Management, Faculty of Management, University of Tehran, Tehran 141556311, Iran

Sustainability, 2019, vol. 12, issue 1, 1-21

Abstract: Traditional companies used to design products, evaluate marketing messages, and control product distribution channels with a low level of customer contribution. Nonetheless, with the advancements in communication and information technologies, the interaction between customers and company is much higher compared to the past, and it is no longer solely controlled by the companies; thus, users can now impact companies by simultaneously playing two roles as value creators and as consumers. The present study develops a conceptual framework for value co-creation in small- and medium-sized tourism agencies. The sample consisted of 23 purposefully selected employees and managers of small- and medium-sized tourism agencies. Data were extracted from semi-structured interviews and analyzed with open and axial coding. For validity, an eight-person panel of experts was asked to review the framework and to apply corrective comments. The reliability was tested using a re-test method, which confirmed the reliability of the coding with a re-test reliability of 79%. Based on the findings, the proposed framework contains eight components including value inception, value conception, value risk, resource planning, platform, actors, co-creation process, co-created value, and learning process, whose components were identified and encoded.

Keywords: value co-creation; service sector; value risk; value inception; value conception; platform; product/service innovation; tourism industry (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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