On value and value creation: perspectives from board research and practice in SMEs

Hamidi, Daniel Yar

doi:10.4337/9781786439758.00035

Cited by 3 publications

(2 citation statements)

References 65 publications

(115 reference statements)

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“…The study of value creation has generated a great number of books and articles as shown in Table 1, and it is very diverse and multifaceted. Definitions of value have been a constant concern in academic works (Yar Hamidi, 2019) and might go back to Aristotle. chain analysis and its underlying belief that all the activities of a company should be analyzed and quantify the contribution each of them brings to build and secure a competitive advantage.…”

Section: Value Creation Through Business Model Innovationmentioning

confidence: 99%

Value Creation and Change Management in Digital Transformations

Markovits

2022

Proceedings of the International Conference on Business Excellence

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The premise of this paper is that Digital Transformation is the most recent and probably the most powerful toolbox in the effort to create value in a company. Digital Transformation is about changing the operating models of companies and consequently the way these companies create and deliver value to their stakeholders. The indexed literature (in total 6427 items in the Web of Science database on January 31st, 2022) studying the Digital Transformation phenomenon is dominated by the computer sciences and information systems perspective. Therefore, this paper proposes a slightly different and thus new paradigm using the lenses of value creation and change management linking it this way to the strategic management of the company. The purpose of the digital transformation should be value creation and because it is a profound transformation process it is subject to the change management process principles. Through the use of text mining and visual mapping conducted with the help of VOSviewer software version 1.6.17, this paper illustrates the conceptual map of the digital transformation literature and its links to value creation and change management.

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Section: Value Creation Through Business Model Innovationmentioning

confidence: 99%

Value Creation and Change Management in Digital Transformations

Markovits

2022

Proceedings of the International Conference on Business Excellence

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“…Decision making is the essence of the management activity, it implies the thinking process of generating alternatives as well as the thinking associated with the choice making among multiple alternatives on how to solve problems (Bratianu et al, 2020b;Drucker, 1974). In the context of a firm its aim is to create value (Kraaijenbrink & Spender, 2011;Yar Hamidi, 2019).…”

Section: Introductionmentioning

confidence: 99%

Digitally Enabled Decission Making in Big Crop Farms: Inspiration for a Balanced Decision Making Metaphorical Model

Markovits

2023

Proceedings of the International Conference on Business Excellence

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This paper analysis decision making support systems in the big crops farms and proposes a metaphoric model to illustrate the interdependence of resources usage. The proposed metaphoric model is drawn considering that six types of resources (time, financial, people, knowledge, technology, relational capital) are spent to achieve an objective and puts forward a graphical representation, a hexagonal pyramid to illustrate the interdependence among these six types of resources (the polygon of resources) and the quality of the financial outcome (the height of the pyramid). Examples of digital decision support systems used in big crop farms were used to explain the model’s functioning. A particularity of the model consists in the adding of a second mirrored pyramid (resting on the same base) with its height representing the assessment of the environmental impact as a proxy for ESG results. Consequently, the evolved model proposed by the paper, dubbed as The Value Creation Diamond, provides a good springboard in visualizing and assessing the balance between the scaled heights of the two adjoined pyramids (Financial height vs ESG height). The model is deemed to be a useful tool for practitioners as well as educators in their quest to facilitate the wider use of balanced decision-making model considering the resources and outputs in the realm of sustainable development. Further research will be instrumental to validate the possibility to use this model for other types of farms, firms and organizations.

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