Bottom-up Economics. Foundations of a Theory of Distributed and Open Value Creation

Tobias Redlich () and Manuel Moritz ()
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Tobias Redlich: Helmut Schmidt Universiy
Manuel Moritz: Helmut Schmidt Universiy

A chapter in The Decentralized and Networked Future of Value Creation, 2016, pp 27-57 from Springer

Abstract: Abstract In many industries, we can observe a paradigm shift from traditional value creation towards value co-creation and open production approaches. The boundaries of companies dissolve and many more stakeholders (suppliers, customers, users, community members etc.) are integrated into the value creation process. Thus, a new understanding and taxonomy of value creation becomes necessary to serve as a reference model in order to describe new phenomena based on the principles of so-called Bottom-up Economics. In an industrial context, openness as a precondition for participation, cooperation and interaction can be seen as a critical success factor. The need for a theory of a distributed and open value creation will be revealed by integrating case observations and conceptual insights from literature that are concerned with co-creation phenomena from a Production Engineering point of view.

Keywords: Open Source; Creation Process; Cloud Manufacturing; Local Motor; Creation System (search for similar items in EconPapers)
Date: 2016
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DOI: 10.1007/978-3-319-31686-4_3

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