2005
DOI: 10.1016/j.indmarman.2005.01.001
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Value in business markets: What do we know? Where are we going?

Abstract: This article presents a review of the existing literature on value in business markets, from the perspective of both business marketing and purchasing and supply management, in three steps. First, some of the early research strands on value are examined including value analysis and engineering, the augmented product concept, consumer values, and economic value of customers. Then this seminal research and more recent research are categorized according to two distinct levels of analysis: the value of goods and s… Show more

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Cited by 484 publications
(456 citation statements)
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References 85 publications
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“…Firms maintain relationships to benefit from their positive outcomes (Lindgreen & Wynstra, 2005). This reflects in relationship marketing developments over the last two decades which rely on the premise that relational exchange generates superior value for involved parties compared to transactional exchange (e.g.…”
Section: Relationship Value As a Bonding Dimensionmentioning
confidence: 99%
See 1 more Smart Citation
“…Firms maintain relationships to benefit from their positive outcomes (Lindgreen & Wynstra, 2005). This reflects in relationship marketing developments over the last two decades which rely on the premise that relational exchange generates superior value for involved parties compared to transactional exchange (e.g.…”
Section: Relationship Value As a Bonding Dimensionmentioning
confidence: 99%
“…in terms of increased performance, competitiveness, satisfaction, and innovation (Gummesson, 2004;Lindgreen & Wynstra, 2005;Ravald & Grönroos, 1996;Sharma, Tzokas, Saren, & Kyziridis, 1999). A buyer-seller relationship can be defined as a non-accidental sequence of market transactions between independent market actors (Kleinaltenkamp & Ehret, 2006).…”
Section: Introductionmentioning
confidence: 99%
“…Extant research on relationship management has emphasized the positive consequences to be gained from longterm relationships with customers (e.g., Grönroos, 2006, Lindgreen andWynstra, 2005). In turbulent and competitive markets, however, it is not always easy to maintain established relationships (e.g., Christensen and Overdorf, 2000), as the quote above illustrates.…”
Section: Introductionmentioning
confidence: 99%
“…In the industrial marketing management field, studies have also shown in various ways how institutions shape the rules of exchange (Bello et al, 2004); structural market change dynamics (Hingley, 2005a), business network systems (Lindgreen & Wynstra, 2005;Lukkari & Parvinen, 2008), family institutional logics (Jansson, Johanson & Ramström, 2007) and guanxi traditions and systems in emerging markets (Zhuang, Alex & Tsang, 2010). This work brings out power as both an explicit and implicit property of institutions.…”
Section: Power As a Property Of Buyer-seller Institutional Arrangementsmentioning
confidence: 98%