Business model innovation within SPOs: Exploring the antecedents and mechanisms facilitating multi-level value co-creation within a value-network

Bernadette Best, Kristel Miller, Rodney McAdam, Adnane Maalaoui

Research output: Contribution to journalArticlepeer-review

Abstract

To be sustainable, social purpose organisations (SPOs) are increasingly engaging in value networks. This enables them to improve service delivery through social and economic value co-creation (VCC). However, operating within a value network will require SPOs to innovate their business models. This is a complex activity due to their distinctive governance structures and funding arrangements and the need to align value processes across a multiplicity of stakeholders. This paper advances knowledge by exploring how SPOs innovate their business models to engage in VCC through a value-network. By analysing three SPO value networks, we provide new insights into the antecedents and mechanisms of VCC which span the micro, meso, and macro levels of context. We also illustrate the factors which underpin SPOs ability to embed VCC within their business models through operating in a value network.
Original languageEnglish
Pages (from-to)475-494
Number of pages20
JournalJournal of Business Research
Volume141
Early online date25 Nov 2021
DOIs
Publication statusE-pub ahead of print - 25 Nov 2021

Keywords

  • Business Model Innovation
  • Value co-creation
  • Special Purpose Organisations
  • Value networks
  • Context
  • Stakeholder collaboration

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