2020
DOI: 10.1108/jm2-07-2019-0168
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Barriers analysis for customer resource contribution in value co-creation for service industry using interpretive structural modeling

Abstract: Purpose Co-creating services with the customer has recently appeared as an alternative strategy to achieve competitive advantage. Developing and sustaining a gainful experience requires sharing of knowledge, skills and resources between the firm and its customers. Managing value co-creation throws substantial challenge and difficulties. This study aims to investigate the barriers to customer resource contribution in value co-creation in service industries and find their interrelationships for developing an eff… Show more

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Cited by 17 publications
(18 citation statements)
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“…Second, value proposition is still central to expressing how firms and customers interact (Payne et al, 2020). Third, the distinction between operand and operant resources and how resource integration impacts value co-creation is still critical (Ghatak, 2020). Finally, Vargo and Lusch's (2004) contribution to developing an alternative perspective on marketing and markets adopting a socioeconomic view is constantly being accentuated (Brodie et al, 2019;Liu et al, 2020).…”
Section: Introductionmentioning
confidence: 99%
“…Second, value proposition is still central to expressing how firms and customers interact (Payne et al, 2020). Third, the distinction between operand and operant resources and how resource integration impacts value co-creation is still critical (Ghatak, 2020). Finally, Vargo and Lusch's (2004) contribution to developing an alternative perspective on marketing and markets adopting a socioeconomic view is constantly being accentuated (Brodie et al, 2019;Liu et al, 2020).…”
Section: Introductionmentioning
confidence: 99%
“…If we summarize the findings of presented studies, they can be compared to the conclusions of the study [18], where the authors propose a holistic model. The discussion also shows trends in the transformation of standard CRM systems into a "Co-creating services with the customer" system [19], where CRM is replaced by the sharing of knowledge, skills and resources between the company and its customers. Similar trends are mentioned by other authors [20].…”
Section: Resultsmentioning
confidence: 99%
“…Step 5: MICMACAnalysis: The purpose of MICMAC Analysis is to divide the identified factors into four different clusters as per the driving power and dependence of the factors. The four clusters thus identify and group the factors as autonomous, dependent, linkage, and independent factors [44,[60][61][62][63]. The grouping of factors in this study is presented in Figure 1 and discussed as below: Cluster I: This cluster groups together Autonomous Factors in the system.…”
Section: Tism Modellingmentioning
confidence: 95%