Value networks are an approach to model, measure, and analyze business value that is primarily concerned with identifying the participants involved in creating and delivering value3. Value networks focus on the relationships and interactions among the participants, such as customers, suppliers, partners, employees, and other stakeholders3. Value networks can help to understand how value flows through the network and how it can be improved or optimized.
Value networks emphasize the interconnectedness of various entities involved in creating and delivering value. This approach goes beyond the linear view of a value chain and recognizes the complex relationships and interactions between:
Internal participants: Different departments, teams, and individuals within the organization.
External participants: Suppliers, partners, customers, and other stakeholders outside the organization.
By identifying and analyzing these participants, value networks help to:
Understand the ecosystem: Gain a holistic view of how value is created and delivered within a broader network of relationships.
Identify key dependencies: Recognize how different participants rely on each other and how their actions affect the overall value creation process.
Optimize collaboration: Improve coordination and collaboration between participants to enhance efficiency and value delivery.
Identify potential risks and opportunities: Assess the impact of changes or disruptions within the network on value creation
