Relevant bibliographies by topics / New Value Creation Intention

Academic literature on the topic 'New Value Creation Intention'

Author: Grafiati
Published: 14 March 2023

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Journal articles on the topic "New Value Creation Intention"

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Sun, Cheng-Wen, Bojan Obrenovic, and Hai-Ting Li. "Influence of Virtual CSR Co-Creation on the Purchase Intention of Green Products under the Heterogeneity of Experience Value." Sustainability 14, no. 20 (October 20, 2022): 13617. http://dx.doi.org/10.3390/su142013617.

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Virtual CSR co-creation activities have become effective strategic tools for enterprises to promote green consumption. The research objective of the current study is to find out whether the experience value acquired by users in the process of virtual CSR co-creation leads to pro-social behavior, namely, the willingness to purchase green products. This empirical study introduces a moderated mediation effect model with virtual CSR co-creation and self-construal as independent variables. Environmental involvement was introduced as a moderator in the research model, whereas the virtual community identity was introduced as a mediator. A scenario simulation experiment was conducted to explore the mechanism of the virtual CSR co-creation on customers’ green product purchase intention. The results indicate that the virtual CSR co-creation promoted the customers’ green product purchase intention. The virtual CSR co-creation and self-construal have an interactive effect on green product purchase intention. Environmental involvement plays a moderating role in the interactive effect. The virtual community identity partially mediates this interactive effect, thus impacting consumers’ green products purchase intentions indirectly. The research findings provide a new practical path for enterprises to develop target strategies to promote green consumption.
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Ginting, Ginta. "THE POWER OF COMMUNITY ENGAGEMENT FOR DELIVERING CO-CREATION VALUE (Case: Paguyuban Sentra Industri Tempe Sanan-Malang Jawa Timur)." Journal of the Community Development in Asia 5, no. 3 (September 20, 2022): 72–83. http://dx.doi.org/10.32535/jcda.v5i3.1844.

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Building community engagement involving consumers, business actors, and others stakeholders as part of a marketing strategy for creating value co-creation has become a new phenomenon. This research provides a conceptual model of community-based action to assess its impact on value co-creation and how far it affects behavioral components in order to resolve the problem (intention and actual use). The suggested model can be used to conduct research to increase product purchase intent with high community involvement. Interviews and observations have been conducted at the Sentra Industri Tempe Sanan-Malang (East Java) to accurately execute the model, whose success is supported by the community's strength in the form of the association (Paguyuban). The research was conducted in July–August 2021 with the participation of 30 locals. The findings of the initial identification strongly support employing the suggested model in subsequent studies. Keywords: Actual Purchase, Behaviour, Community Engagement, Intention to repurchase, Value Co-creation.
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Chen, Lihong, Habiba Halepoto, Chunhong Liu, Xinfeng Yan, and Lijun Qiu. "Research on Influencing Mechanism of Fashion Brand Image Value Creation Based on Consumer Value Co-Creation and Experiential Value Perception Theory." Sustainability 14, no. 13 (June 21, 2022): 7524. http://dx.doi.org/10.3390/su14137524.

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In view of the current lack of fashion brand competitiveness and innovation in China, this paper puts forward the concept of fashion brand image value creation and analyzes it from five dimensions: fashion brand image design, image publicity, brand aesthetics, brand charm, and brand function. This paper explores the relationship between fashion brand image value creation, customer participation behavior, experience value perception, intention, trust, and loyalty based on consumer value co-creation and experience value perception theories. On this basis, the structural equation model is used to test the research hypothesis empirically. An online survey questionnaire was subsequently developed and conducted to verify validity and reliability by statistical analysis. The results show that the value creation of fashion brand image will positively impact brand loyalty. Customer participation behavior and experience value perception play an intermediary and chain intermediary role, and customer participation willingness and fashion brand trust play a regulatory role. This study provides new ideas and references for the value creation of fashion brand image and provides quantitative scientific data for fashion enterprises to grasp the direction of brand image value creation and implement brand construction and marketing strategies.
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Jung, Timothy Hyungsoo, and M. Claudia tom Dieck. "Augmented reality, virtual reality and 3D printing for the co-creation of value for the visitor experience at cultural heritage places." Journal of Place Management and Development 10, no. 2 (June 5, 2017): 140–51. http://dx.doi.org/10.1108/jpmd-07-2016-0045.

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Purpose This paper aims to propose a value co-creation framework through examining the opportunities of implementing augmented reality, virtual reality and 3D printing into the visitor experience at cultural heritage places. Design/methodology/approach This study proposes the conceptual model of value co-creation using a case-study approach by presenting some cases of a cultural heritage place in the UK. Findings The findings of this study suggest that the effective use of multiple technologies in the context of cultural heritage places contributes to the co-creation of value for both cultural heritage organisations and also for visitors’ pre-visit, onsite and post-visit experience. Businesses can benefit from increased spending, intention to return and positive word-of-mouth, while visitors receive a personalised, educational, memorable and interactive experience. Practical implications Cultural heritage places have to find new ways to survive increasingly fierce competition. Using technology and the concept of value co-creation can prove to be a valuable concept in an attempt to attract new target markets, enhance visitors’ experience, create positive word-of-mouth and revisit intentions. Originality/value Recently, increased importance has been placed on the co-creation of value to account for consumers' interest in playing some part in the development of services and products. This study takes a holistic approach using augmented reality, virtual reality and 3D printing from a value co-creation perspective.
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Nugraha, Sukma. "Value Co-Creation pada Bisnis Syariah Konstruksi Oil dan Gas di Indonesia." Business Innovation and Entrepreneurship Journal 2, no. 1 (February 29, 2020): 9–14. http://dx.doi.org/10.35899/biej.v2i1.74.

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Abstract- Progress in terms of technology and information now has given rise to new trends in the economic field. In supporting a company's business performance, the term value co-creation creation is known. The research method used is descriptive survey and explanatory survey methods with organizational analysis units. The results of this study are the development of other variables that affect customer trust and repurchase intention and questioners will be distributed to related industries that have the same population as PT. Mutiara Global Industry as a company in the field of oil and gas and steel construction. Abstrak– Kemajuan segi teknologi dan informasi saat ini telah melahirkan kecenderungan baru dalam bidang ekonomi. Dalam mendukung kinerja bisnis suatu perusahaan, dikenal istilah value co-creation creation. Metode penelitian yang digunakan adalah metode descriptive survey dan explanatory survey dengan unit analisis organisasi. Hasil dari penelitian ini adalah adanya pengembangan terhadap variable –variable lainnya yang mempengaruhi terhadap kepercayaan customer dan repurchase intention dan questioner akan di sebar ke industry terkait yang memiliki populasi yang sama dengan PT. Mutiara Global Industry sebagai perusahaan di bidang oil and gas dan konstruksi baja.
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Zhu, Yongming, Yaru Wei, Zhihao Zhou, and Hongbing Jiang. "Consumers’ Continuous Use Intention of O2O E-Commerce Platform on Community: A Value Co-Creation Perspective." Sustainability 14, no. 3 (January 31, 2022): 1666. http://dx.doi.org/10.3390/su14031666.

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With the advent of the post-epidemic era, O2O e-commerce on community breaks through the original business model and forms a new online-to-offline integrated business model. This study is based on the value co-creation perspective and the TAM-TPB theory systematically builds a theoretical model of consumers’ continuous use intention of O2O e-commerce on the community. A structural equation model (SEM) was used to verify the research hypotheses. The research results were as follows: (1) the subjective norms and structural assurance in social factors have a positive impact on consumers’ continuous use intention; (2) the degree of convenience and safety in platform factors not only positively affect customer satisfaction but also positively affect customers’ continuous use intension, and customer satisfaction mediates between platform factors and customers’ continuous use intension; (3) customer–enterprise co-creation has a positive impact on customer perceived value, and customer perceived value plays a mediating role between customer–enterprise co-creation behavior and consumers’ willingness to continue using; (4) customer perceived value and customer satisfaction in the user factor have a significant impact on consumers’ continuous use intention.
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Basbeth, Firdaus, and Noorshela Che Nawi. "Does Experience Co-creation (XCC) Change Entrepreneurial Intention?" International Journal of Business Studies 4, no. 3 (October 31, 2020): 184–93. http://dx.doi.org/10.32924/ijbs.v4i3.167.

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Despite the global emphasis on the relevance and potential impacts of entrepreneurship has dramatically increased as potent economic force, entrepreneurship education has not significantly changed in two decades. Existing approaches to entrepreneurship education are focus is on teaching ‘about’ entrepreneur and what they do rather than teaching ‘for’ entrepreneurship. Drawing on the synthesis based on theory of planned behavior (TPB), we introduce Experience Co-creation as a new approach to teach entrepreneurship course based on the concept of experiential learning. The approach for the program was synthesized and adapted from Experience co-creation (XCC) theory used in tourism literature. This study develops a longitudinal framework of student’s intention after 3 months of the infusion of experiential learning. The result indicates that students’ intention is greater after the program than before the class started. This study fills a gap in entrepreneurship body of knowledge by providing evidence the teaching method moderates the relationship between perceived behavioral control and entrepreneurial intention. This study is an empirical study uses a SmartPLS3 with data taken from survey of 220 student in Strategic Entrepreneurship APT-2083 Class L4 & L5 Sem 2 2018/19. The result demonstrates that mean value of personal attitudes, subjective norms, perceived behavioral control and entrepreneurial intention are improved, and the relationship between perceived behavioral control and entrepreneurial intention improved significantly at the end of the course. The study suggest that university can gain highest entrepreneurial intention by introducing innovative method in teaching entrepreneurship.
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Sarmah, Bijoylaxmi, Zillur Rahman, and Shampy Kamboj. "Customer co-creation and adoption intention towards newly developed services: an empirical study." International Journal of Culture, Tourism and Hospitality Research 11, no. 3 (August 7, 2017): 372–91. http://dx.doi.org/10.1108/ijcthr-07-2016-0070.

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Purpose The purpose of this paper is to develop a conceptual framework to empirically examine and explain the antecedent factors of consumers’ adoption intention toward co-creatively developed new travel services using smart phone apps. The antecedents include consumer innovativeness, trust, degree of co-creation that results in positive adoption intention. In this study, tourists’ degree of co-creation acts as a mediator between trust and adoption intention. Design/methodology/approach Data were collected through online surveys from tourists that resulted into a total of 152 valid responses. An analysis of data was done by applying the confirmatory factor analysis along with structural equation modeling. Findings The findings of this study indicate that both consumer innovativeness and trust significantly affect adoption intention directly and indirectly via degree of co-creation among tourists and e-travel service providers. Degree of co-creation acts as a mediator between the above-mentioned relationships. Research limitations/implications Use of smart phone apps by tourists’ and e-travel companies to co-create new services and tourists’ adoption intention have been examined in context of co-created service innovation that limits the generalizability of the results to other industries. A few other limitations are also discussed. Practical implications The findings of this study guides the policy planners and e-travel company managers toward application of mobile technology in consumer co-creation in context of service innovation. Originality/value Tourists’ trust in the e-travel companies and their innovativeness were found to influence their degree of co-creation, which are instrumental in developing adoption intention toward co-creative new service innovation using smart phone apps in India. This is a significant addition to the existing literature, as studies on co-creation activities aiming to co-develop new services by tourists and e-travel companies in India are scant in number. In addition to this, the newly developed conceptual model also highlights the role of degree of co-creation as a mediator between two antecedents (trust and innovativeness) and outcome (tourists’ adoption intention), which are considered as new additions to the co-creative service innovation literature.
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Sarmah, Bijoylaxmi, Shampy Kamboj, and Zillur Rahman. "Co-creation in hotel service innovation using smart phone apps: an empirical study." International Journal of Contemporary Hospitality Management 29, no. 10 (October 9, 2017): 2647–67. http://dx.doi.org/10.1108/ijchm-12-2015-0681.

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Purpose The purpose of this study is to extend and revise the basic technology-based service (TBS) adoption model in luxury hotels in India using smart phone apps, and to analyse the impact of the guests’ innovativeness, willingness to co-create, need for interaction and involvement on their adoption intention towards co-creatively developed new services. Design/methodology/approach Data were collected through online and field surveys from luxury hotel guests, resulting into 229 valid responses. A data analysis was done by applying the confirmatory factor analysis along with structure equation modelling. Findings The findings of this study indicate that both guests’ innovativeness and need for interaction with service staff significantly affect their involvement. A guest’s willingness to co-create acts as a partial mediator between his/her innovativeness and intention to adopt co-creatively developed new services. Research limitations/implications Use of smart phone apps by hotel guests to co-create new services and their intentions to adopt such services have been examined in the context of luxury hotels in India only and thereby limits generalization of results to other industry and country contexts. Practical implications The findings of this study would look to guide policy planners and hotel managers for implementing technology application in the co-creative hotel service innovation. Originality/value The need for interaction and customer involvement have been added as two supportive variables to the basic TBS model to analyse the adoption intention of luxury hotel guests. This is a new addition to existing literature, as majority of empirical studies in this field are from industries other than hospitality and with differing contexts.
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Mostafa, Rania B. "Mobile banking service quality: a new avenue for customer value co-creation." International Journal of Bank Marketing 38, no. 5 (May 10, 2020): 1107–32. http://dx.doi.org/10.1108/ijbm-11-2019-0421.

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PurposeThis paper attempts to investigate the potential effect of mobile banking (m-banking) service quality dimensions (ease of use, usefulness, security/privacy and enjoyment) on customers’ value co-creation intention (CVCCI) in the banking sector.Design/methodology/approachA questionnaire was administered with a sample of 301 respondents from Egypt. Mediation and moderation analyses were performed to explore the role of m-banking service quality, attitude toward using m-banking (ATT-m-banking) and bank trust in shaping CVCCI.FindingsThe empirical evidence confirms the potential role of m-banking service quality dimensions, the ATT-m-banking, and customer trust in developing CVCCI. In addition, the mediation effect of ATT-m-banking in the m-banking service quality dimensions and CVCCI link was demonstrated. Interestingly, trust was not found to have a moderating effect between the ATT-m-banking and CVCCI.Practical implicationsOutcomes of the study will benefit bank managers to allocate resources when developing an m-banking platform, which helps in effectively promoting value co-creation in the banking sector.Originality/valueThis paper is a pioneering study to move the m-banking literature forward beyond the extensively studied m-banking adoption by exploring a longer-term outcome of customer engagement with m-banking, which is CVCCI.
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Dissertations / Theses on the topic "New Value Creation Intention"

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Aura, Heikki. "The new logic of value creation." Thesis, Linköping University, Department of Management and Economics, 2000. http://urn.kb.se/resolve?urn=urn:nbn:se:liu:diva-700.

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The understanding of value is often described in terms of an industrial view in which value creation is linear, additive process. The emerging view takes a different approach to value creation: it’s interactive, relationships-based and synchronic. But either of these views capture fully the value creating importance of elements present especially in converging industries: coopetition, networks and external relationships. This thesis has been conducted by gathering primary data from telecommunication industry companies in forms of interviews. The studied companies are engaged in numerous different kinds of external relationships and they are viewed as strategically important. Additionally, respondents believed that their companieswere part of a network but no clear illustration of it could be given. For the purpose of describing some of the complexity present, the value network -framework has been developed.

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Van, den Heever Thomas Stanley. "Perceived value creation in technology-based entrepreneurial businesses." Thesis, Nelson Mandela Metropolitan University, 2014. http://hdl.handle.net/10948/d1021047.

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Small entrepreneurial businesses are widely regarded as important contributors to the economic well-being of countries all over the world as they create value for both the entrepreneur and the economy in which they operate. The value creation process in these businesses often differs from what commonly happens in larger established businesses. Resources available to the entrepreneur are normally much more restricted and decisions are often based on limited information. This thesis focuses on the value that is created by technology-based entrepreneurial businesses, the leveraging of limited resources and the decision-making orientation they adopt during this process. Given the importance of technology-based entrepreneurial businesses in contributing to economic growth and job creation in most global economies, as well as the limited previous research conducted amongst these businesses, the purpose of this study was to identify the human and social capital factors influencing value creation in technology-based entrepreneurial businesses. With this purpose in mind, the primary objective was to identify, investigate and empirically test the relationships between the various identified factors and Perceived value creation in technology-based entrepreneurial businesses, taking into account their decision-making orientation, as well as the uncertain environment under which they operate. This study uses the Resource-Based View of the business as the basis of its theoretical orientation. The literature review revealed five main categories of constructs, namely Knowledge and skills, Experience, Networks, Decision-making orientation and Perceived environmental uncertainty influencing the dependent variable Perceived value creation in technology-based entrepreneurial businesses. Knowledge and skills, Experience and Networks were identified as independent variables while Decision-making orientation was identified as the mediating variable and Perceived environmental uncertainty as the moderating variable. Six demographic variables (type of industry, age of business, number of employees, age of entrepreneur, academic qualifications of entrepreneur and the number of previous businesses started by the entrepreneur) were also identified as potential influencing factors. Various hypotheses were formulated to be tested during the empirical investigation. Each construct was clearly defined and then operationalised. Operationalisation was done by using reliable and valid items sourced from tested measuring instruments used in previous studies, as well as a number of self-generated items based on secondary sources. A structured questionnaire was made available to respondents identified by means of the convenience snowball sampling technique, and the data collected from 313 usable questionnaires was subjected to various statistical analyses. An Exploratory Factor Analyses (EFA) was conducted which confirmed the different variables, and Cronbach-alpha coefficients were calculated to confirm the reliability of the measuring instrument. Structural Equation Modelling (SEM) was the main statistical procedure used to test the significance of the relationships hypothesised between the various independent, mediating, moderating and dependent variables. A number of different models were tested, and the results discussed and explained. The main finding of the study was that technology-based entrepreneurial business can create financial and non-financial value by adopting a decision-making orientation in the business of co-creating the future with other stakeholders. The most important human and social capital factors that influence the decision-making orientation of these businesses are Knowledge and skills, Unstructured networks and Structured networks. The main limitations of the study were firstly the convenience snowball sampling technique used to collect responses, secondly the dependence of reporting on organisation issues by individuals, and thirdly the limited number of influencing factors included in the models. Future research should address these limitations, and could include qualitative analyses. This study has added to the empirical body of knowledge on entrepreneurship research by investigating a particularly important segment of the literature, namely technology-based entrepreneurial businesses. By identifying and developing various models that outline the most significant factors that influence perceived value creation in technology-based entrepreneurial businesses, this study offers recommendations and suggestions for managing these businesses in such a way as to improve the creation of financial and non-financial value in them. It further provides recommendations for business teaching programmes to enhance curriculums by focusing on alternatives to the format of formal business planning.
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Lahoz, Marco Maria del Carmen. "CO-CREATION OF BRAND VALUE. The new source for competitive advantage." Doctoral thesis, Universitat Ramon Llull, 2017. http://hdl.handle.net/10803/404740.

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En vista de la novetat i la creixent importància del concepte de cocreació de marca, aquesta tesi pretén desenvolupar un marc de referència que ajudi els professionals del branding a utilitzar la cocreació de marca com a font d’avantatge competitiu per a les seves empreses. El marc de la creació de marca s’ha construït a partir d’una extensa anàlisi de la literatura existent i cobreix una àmplia gamma de conceptes, entre els quals el valor, l’avantatge competitiu i la marca, des de les perspectives de la teoria de gestió i cultura de consum. La investigació es basa en enquestes qualitatives a professionals del branding per validar el marc de referència i proporcionar insights sobre com es poden enfrontar les empreses al procés de cocreació del valor de marca. El valor d’aquesta tesi rau en la descripció holística del procés de cocreació del valor de marca, la creació d’un marc de referència per guiar els professionals en la seva feina diària i la validació d’aquest marc amb una mostra rellevant d’experts en branding.
A la luz de la novedad y la creciente importancia del concepto de cocreación de marca, esta tesis pretende desarrollar un marco de referencia que ayude a los profesionales del branding a utilizar la cocreación de marca como fuente de ventaja competitiva para sus empresas. El marco de la creación de marca se ha construido a partir de un extenso análisis de la literatura existente y cubre una amplia gama de conceptos, entre ellos el valor, la ventaja competitiva y la marca, desde las perspectivas de la teoría de gestión y cultura de consumo. La investigación está basada en encuestas cualitativas a profesionales del branding para validar el marco de referencia y proporcionar insights sobre cómo pueden enfrentarse las empresas al proceso de cocreación del valor de marca. El valor de esta tesis radica en la descripción holística del proceso de cocreación del valor de marca, la creación de un marco de referencia para guiar a los profesionales en su trabajo diario y la validación de este marco con una relevante muestra de expertos en branding.
In light of the novelty and increasing importance of the concept of brand co-creation, this thesis aims to develop a framework that helps practitioners to use brand co-creation as a source of competitive advantage for companies. The framework of brand co-creation is derived from current literature covering a wide range of concepts related to value, branding and competitive advantage from management and consumer culture theory. Qualitative research with practitioners has been undertaken to validate the framework and to provide insights on how companies can approach the brand value co-creation process. The research identifies important differences between the academic research on brand value co-creation and its applicability to current branding strategies. The value of this thesis lies in the holistic overview of the brand value co-creation process, the creation of a framework to guide practitioners in their daily work and the validation of this framework through a relevant sample of branding experts.
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Newey, Lance R. "Knowledge exploitation capabilities and value creation in interorganizational new product development /." [St. Lucia, Qld.], 2005. http://www.library.uq.edu.au/pdfserve.php?image=thesisabs/absthe18928.pdf.

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Kubilay, Merve Beyza, and Therese Dahlberg. "Exploring Market Creation by Entrepreneurs in Sweden : How Value Innovation Fosters the Creation of New Markets." Thesis, Stockholms universitet, Management & Organisation, 2020. http://urn.kb.se/resolve?urn=urn:nbn:se:su:diva-189393.

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As new markets continuously emerge, increasing academic attention has been devoted to identifying what factors predominantly foster this process. Notably, scholars have coupled market creation with value-creating innovations; new markets emerge due to generation of novel customer value. Blue Ocean Strategy is a prominent approach to such market creation incentives, centring around the implementation of value innovation. However, exploration of this approach has been relatively overlooked in previous research. Extant literature has, instead, primarily acknowledged marketing incentives as the major facilitating factor of new markets, referring to how solutions need to be aptly communicated to gain stakeholders. In addition, technology development is considered by scholars to have a great impact on the creation of new markets, on accounts of breakthrough inventions having disrupted and dismantled preceding industries. The purpose of this study is thus to fill the apparent research gap by investigating how value innovation enables entrepreneurs to create new markets. Although startups are pertinent to the notion of innovative solutions that lead to new markets, entrepreneurs’ approach to market creation has not been extensively investigated. Hence, becoming an applicable context for the research purpose. In order to collect empirical data, a qualitative research approach was undertaken, where seven interviews were conducted with respondents from different Swedish startup companies. Participating companies originate from a variety of industries and shared experiences from their respective innovation processes, which subsequently facilitated insightful data, applicable to the purpose. Findings revealed that value innovation enables entrepreneurs to create new markets as its implementation removes the challenge of competing with incumbents, allowing the startup to go beyond the boundaries of the traditional industry. Ultimately, the collected data could not support the notion of value innovation as an exclusive approach to market creation. Nevertheless, the role of value innovation as a significant factor in the process cannot be entirely undermined as findings indicated that its implementation prominently alleviates market creation.
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McGregor, Mark Takeshi. "Of instrumental value : flutist-composer collaboration in the creation of new music." Thesis, University of British Columbia, 2012. http://hdl.handle.net/2429/42936.

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Following World War II, the flute would become a major vehicle for experimental composers, resulting in a repertoire that made extensive use of techniques outside the instrument’s traditional performance lexicon. In order for composers to write effectively and idiomatically for the flute, collaboration with performers was often essential. This document discusses the contributions of three flutists to the creation of new music in the 20th and 21st centuries. Chapter One focuses on the Italian flutist Severino Gazzelloni, a major figure in the postwar experimental music scene, and his contributions to the creation of two works: Sequenza I per flauto solo by Luciano Berio and Mei for solo flute by Kazuo Fukushima. Chapter Two discusses the work of the Canadian flutist Robert Aitken and his role in the genesis of Ryoanji for flute by John Cage, Idyll for the Misbegotten for flute and three percussion by George Crumb, and Scrivo in Vento for solo flute by Elliot Carter. Chapter Three addresses my own collaborations with three Canadian composers, Jeffrey Ryan, James Beckwith Maxwell, and Jocelyn Morlock, and how my interactions compared to those of my predecessors. This document also sheds light on the recent phenomenon of how many flutists have incorporated administrative roles into their careers to ensure that the works they have commissioned are presented to the highest professional standards.
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Andrade, Débora Mengarda, and Danielle Fiamoncini Prada. "Customer Value Creation : How do external factors influence SME's customer value creation in a new foreign market? A case study of Axelent A.B." Thesis, Högskolan i Halmstad, Sektionen för ekonomi och teknik (SET), 2014. http://urn.kb.se/resolve?urn=urn:nbn:se:hh:diva-25597.

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When companies go international some factors present in the host country act like forces that might drive the company to standardize or adapt its strategies. The choices between to standardize or to adapt to local needs are of a great importance, since it can have significant impact in the company’s performance in the foreign market. In this paper these forces are characterized in country specific and industry specific factors. The aim of this study is to investigate the influence of external factors in the customers’ value creation in a new foreign market, under standardization and adaptation strategies. In order to fulfill the purpose of the paper, a qualitative research was conducted using a single case study of a Swedish SME, focusing on a single product, namely machine guarding, in connection with one foreign market, Brazil. The study shows that the factors that were most influenced in the customers’ value creation were social/cultural aspects and competition, which tend to lead the company to adapt in order to fulfill local needs and to react to the competitiveness. It was also presented that economic factors and market size did not represent any influences in the standardization or adaptation strategies of the company studied. However, other external factors, as technological, political/legal and industry structure, have shown impact to some degree, whether in adaptation or standardization strategies.
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Phillips, Laura Anne. "Re-purchase intention for product-service systems : the impact of co-capability in value creation." Thesis, University of Exeter, 2014. http://hdl.handle.net/10871/14939.

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Pre-sale activities of buying and post-sale activities of use are separated by time and judged in two time-place forms. Exchange value being one kind of judgment of desirability, separate from use value. However, traditionally marketing has not fully captured the co-creation of value in use, or therefore, how it affects the perceived value of the offering at purchase. The separation of purchase and use has been shown to create buyer uncertainty at the point of purchase about the future value created in use. Consider the decision to buy a service support contract for capital equipment in which the act and experience of use could continue for up to ten years after the decision to buy. At purchase, buyers may not be certain about the future state of use, i.e. whether or not equipment will fail, or indeed how the service will perform in the event of failure. While uncertainty about the state of use will continue across time, it has been argued uncertainty about how the service will perform may be resolved through repeat use or interaction. Through an exploratory case and a web-based survey of 95 organisational buyers of Product Service Systems (PSS) in capital equipment markets, this thesis finds customer-provider co-capability, which facilitates service performance in use, mediates the customer’s perceived risk of re-purchasing. As a result, this thesis makes a contribution to B2B marketing in identifying how value of the offering at purchase is affected by future customer-provider co-capability in use.
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Schulz, Andreas <1992&gt. "Electrification in the automotive industry: the changing automotive environment and new value creation potential." Master's Degree Thesis, Università Ca' Foscari Venezia, 2020. http://hdl.handle.net/10579/17066.

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The goal of this thesis is to illustrate the impact of electrification on the automotive industry and particularly German Original Equipment Manufacturers (OEMs). An introduction to various types of innovation is given in order to highlight the disruptive nature of the electrification of the powertrain. Qualitative interviews with a political representative and representatives of German OEMs were used to analyze the changing environment in the automotive industry. The analysis of the political, competitive, technological and societal environment of the automotive industry shows the major trends that push electrification. Emissions standards, the growing competitive threat from China, technological advancements in the field of battery technology and a shift towards more ecological awareness are major factors that will lead to the widespread adoption of battery electric vehicles (BEVs). The results of the interviews were also used to analyze the traditional automotive value chain and to illustrate the changes set off by the process of electrification. The OEMs’ share in total value creation of a BEV will be lower than it currently is for an internal combustion engine vehicle (ICEV), if no significant investments are made to build up in-house competencies, e.g. in the field of manufacturing battery cells. The downstream stages of the automotive value chain, however, offer OEMs the chance to tap new business segments and to become mobility service providers.
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Burton, Christine. "Here to stay : the role of value creation, capture and exchange in limiting the liability of newness for new entrant museums." University of Technology, Sydney. School of Leisure Sport and Tourism, 2006. http://hdl.handle.net/2100/422.

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This thesis examines the concepts of value creation, capture and exchange in limiting the liability of newness for nonprofit museums entering the sector. There has been considerable examination of cultural value in relation to museums. However, little is known about how value is created, captured and exchanged for stakeholders in new museums. It is posited that value creation, capture and exchange constitute a value cycle. Through this value cycle management in new museums detects and limits the liability of newness. The ability to detect and limit the liability of newness enables the continuation of the museum. If the liability of newness is not limited, it may mean that a new museum exits the sector or is transformed. The concept of a value cycle is derived from an examination of the nonprofit management literature, aspects of the for-profit management literature and the arts and museum management literature. Value creation is a key concept in the three literature areas. Value creation in this context, is specifically defined as the worth of the physical manifestation of the museum. It resides in the building and the collection, services and programs within the building. It is suggested that this value needs to be transformed and consumed by a range of stakeholders. The transformation of value creation is denoted as value capture. Value capture is the appeal of programs, projects and activities. Value capture includes how well the products and services align with particular stakeholders, how accountable the managers are to stakeholders and how products and services are consumed by stakeholders. The measure of how managers have been able to capture value is in the realm of value exchange. Value exchange is the merit of programs, projects and activities. Value exchange is in the form of revenue raised through sponsorship; continuation of revenue investment by the principal stakeholder, the state; time and money transacted by visitors; and intangible exchange such as leadership and reputation enhancement through collaborations. A Value Cycle Framework of New Entrant Museums is then developed as a working analytical tool to assess how the value cycle operates and how the liability of newness is detected and limited by museum management. x The Value Cycle Framework is used to assess four cases. These case studies include the National Museum of Australia as a purpose built new entrant; the Australian National Maritime Museum as a purpose built new entrant; the Mint as a recycled new entrant; and the Earth Exchange as a refurbished new entrant. Each case is assessed discretely using secondary and primary source material and analysing qualitative data generated from interviews with key stakeholders. The cases are then compared in order to track similarities and differences in relation to value creation, capture and exchange. The research findings suggest that a value cycle is operating in relation to new entrant museums. This value cycle is dynamic and non-sequential. Until value creation is floated for a range of stakeholders it is difficult for managers to know the worth of their content, location or their building. Value creation is a nominal starting point, signifying the arrival of a new entrant in the museum marketplace. However, value capture is the zone that is the most vulnerable and volatile for managers of new museums. Typically in these case studies value capture includes a disruptive episode, such as a review process that indicates the liability of newness. Managers within the museum who can respond and resolve contradictions between museological beliefs and the demands of stakeholders (and in so doing limit the liability of newness) are likely to continue museum operations. Senior executives who find such reconciliation more difficult, jeopardize the future operations of the museum to such an extent that the museums close or are transformed within the museum sector. Through these four case studies a revised Value Cycle Framework is developed as an analytical device. This analytical framework can assist in understanding the processes involved in new entry for museums.
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Books on the topic "New Value Creation Intention"

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Busu, Mihail, ed. Digital Economy and New Value Creation. Cham: Springer International Publishing, 2022. http://dx.doi.org/10.1007/978-3-031-07265-9.

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Cinquini, Lino, Alberto Di Minin, and Riccardo Varaldo, eds. New Business Models and Value Creation: A Service Science Perspective. Milano: Springer Milan, 2013. http://dx.doi.org/10.1007/978-88-470-2838-8.

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Elsdon, Ron. Affiliation in the workplace: Value creation in the new organization. Westport, Conn: Praeger, 2003.

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Cinquini, Lino. New Business Models and Value Creation: A Service Science Perspective. Milano: Springer Milan, 2013.

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Ikeda, Daisaku. Toward a new era of value creation: 2010 peace proposal. Tokyo, Japan: Soka Gakkai International, 2010.

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Kaufmann, Hans Ruediger, and S. M. Riad Shams. Entrepreneurial challenges in the 21st century: Creating stakeholder value co-creation. Houndmills, Basingstoke, Hampshire: Palgrave Macmillan, 2015.

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.Wealth, value creation and capture in the digital economy. San Diego, CA: Nex Ignite, 2011.

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Innovation hardwired: Embedding innovation and new value creation in your company's organizational DNA. Wilton, Conn: Innovation Insight Network, 2008.

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David, Smith George, ed. The new financial capitalists: Kohlberg Kravis Roberts and the creation of corporate value. Cambridge, UK: Cambridge University Press, 1998.

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Open innovation in firms and public administrations: Technologies for value creation. Hershey PA: Information Science Reference, 2012.

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Book chapters on the topic "New Value Creation Intention"

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Yorgov, Ivaylo. "Value-Creation." In The New Customer Experience Management, 7–20. New York: Routledge, 2022. http://dx.doi.org/10.4324/9781003309284-3.

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Burns, Paul. "Communicating your value proposition." In New Venture Creation, 205–33. London: Macmillan Education UK, 2018. http://dx.doi.org/10.1057/978-1-352-00051-1_7.

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Burns, Paul. "Crafting your value proposition and branding." In New Venture Creation, 140–73. London: Macmillan Education UK, 2018. http://dx.doi.org/10.1057/978-1-352-00051-1_5.

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Tideman, Sander. "The new business perspective on value creation." In Triple Value Leadership, 81–97. London: Routledge, 2022. http://dx.doi.org/10.4324/9781003119302-8.

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Moreau, Valentine, Natacha Gondran, and Valérie Laforest. "Integrating Environmental Assessment Methods: Development of a New Approach." In Functional Thinking for Value Creation, 272–77. Berlin, Heidelberg: Springer Berlin Heidelberg, 2011. http://dx.doi.org/10.1007/978-3-642-19689-8_48.

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Storbacka, Kaj, and Risto Pennanen. "Develop Solutions: Identifying New Value-Creation Opportunities." In Management for Professionals, 19–33. Cham: Springer International Publishing, 2014. http://dx.doi.org/10.1007/978-3-319-03976-3_2.

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Geng, Xiuli, and Xuening Chu. "A New PSS Conceptual Design Approach Driven by User Task Model." In Functional Thinking for Value Creation, 123–28. Berlin, Heidelberg: Springer Berlin Heidelberg, 2011. http://dx.doi.org/10.1007/978-3-642-19689-8_23.

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Moşescu, Ionuţ Adrian, Raluca-Giorgiana Chivu, Ionuţ Claudiu Popa, and Florina Botezatu. "Creating Value with Big Data in Marketing." In Digital Economy and New Value Creation, 129–40. Cham: Springer International Publishing, 2022. http://dx.doi.org/10.1007/978-3-031-07265-9_11.

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Doan, Khanh Hung. "The Impact of the Culture and the Social Norms on the Characteristics of Entrepreneurs: The Case of East Asian Countries." In Digital Economy and New Value Creation, 83–100. Cham: Springer International Publishing, 2022. http://dx.doi.org/10.1007/978-3-031-07265-9_8.

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Scarlat, Cezar, and Corina Anca Stanescu-Agarici. "Triadic Models: On the Triad Technology-Efficiency-Culture at the Organization Level." In Digital Economy and New Value Creation, 175–82. Cham: Springer International Publishing, 2022. http://dx.doi.org/10.1007/978-3-031-07265-9_14.

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Conference papers on the topic "New Value Creation Intention"

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Shane, Michael, Lukman Wisnudrajat, Sfenrianto Sfenrianto, and Tanty Oktavia. "E-Business Value Creation Factors that Affect Consumers’ Intention to Shop Online at Shopee.co.id." In 2019 International Seminar on Research of Information Technology and Intelligent Systems (ISRITI). IEEE, 2019. http://dx.doi.org/10.1109/isriti48646.2019.9034604.

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Liu, Shunzhong. "The Study on Process of New Service Value Creation." In 2010 International Conference on E-Product E-Service and E-Entertainment (ICEEE 2010). IEEE, 2010. http://dx.doi.org/10.1109/iceee.2010.5660778.

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Ayobami Akanbi, Paul. "Entrepreneurship Education as Correlates of Desire and Intention for New Venture Creation." In 2nd International Conference on Advanced Research in Management, Business and Finance. Global, 2019. http://dx.doi.org/10.33422/2nd.icmbf.2019.09.581.

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Citraro, Mauro, Cristina Carcano, Emanuele Carpanzano, Alessandro Puiatti, Lorenzo Sommaruga, and Sara Vignati. "From creativity to value creation." In SEFI 50th Annual conference of The European Society for Engineering Education. Barcelona: Universitat Politècnica de Catalunya, 2022. http://dx.doi.org/10.5821/conference-9788412322262.1192.

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In today’s world, globally interconnected, volatile, and characterized by a sky-rocketing complexity, significant and unprecedented interdisciplinary is required among various stakeholders to create resilient and innovative value chains. Within this compelling context, we focus on the new role that university-industry collaboration plays on a large scale in bridging the gap between idea generation and value creation to economy and society. A new way to promote attitude towards entrepreneurial leadership at an early stage among students and teachers is experienced by linking curricular and extracurricular teaching and contents, as well as by supporting voluntary learning “on demand” among students. Intertwined links are indeed possible within a nursery environment, so-called Entreprenursery, where students are encouraged to express their creativity, both by raising startup ideas and by solving companies’ technical and scientific issues. Entrepreneurial students are thus supported in their innovative ideas through collaboration with teachers, experts, entrepreneurs. They are also stimulated to engage other students to be part of an interdisciplinary team. Cooperation in supporting cross-fertilization of creative ideas will be fed by competencies, an openminded environment, and where diversity integration plays an important role. Only through different thinking is it possible to develop outstanding achievements. Coordination is guaranteed by a collaborative IT platform, which is also open to SMEs to facilitate them in involving entrepreneurial students. Within this new collaborative framework, all stakeholders will profit from reciprocal learning and creativity, increasing the entrepreneurial attitudes of students and teachers and thus accelerating the transfer of academic startup ideas into industrial applications and business opportunities.
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"The Influence of Entrepreneurial Intention on New Venture Creation in the African context." In European Conference on Innovation and Entrepreneurship 2021. Academic Conferences International Ltd, 2021. http://dx.doi.org/10.34190/eie.21.034.

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Ďurišová, Mária, and Dana Kušnírová. "Enterprise Strategy in the Area of Value Creation for Its Stakeholders." In New Trends in Sustainable Business and Consumption. Editura ASE, 2022. http://dx.doi.org/10.24818/basiq/2022/08/005.

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Pugna, Adrian, Sabina Potra, and Werner Ștefănescu. "EXPLORING ADDED VALUE, A MULTIDIMENSIONAL EXPECTED CUSTOMER VALUE CONSTRUCT, IN THE CREATION OF INNOVATIVE UNIVERSITY APPLICATIONS." In 12th International Conference on Education and New Learning Technologies. IATED, 2020. http://dx.doi.org/10.21125/edulearn.2020.0662.

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Xue, Zhixin, and Xiaojing Chao. "New Infrastructure and Corporate Value Creation: Theory and Practice in China." In Hradec Economic Days 2021, edited by Jan Maci, Petra Maresova, Krzysztof Firlej, and Ivan Soukal. University of Hradec Kralove, 2021. http://dx.doi.org/10.36689/uhk/hed/2021-01-091.

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Gibson, John. "Knowledge Management and New IT Architecture Will Maximize Upstream Value-Creation." In SPE International Petroleum Conference and Exhibition in Mexico. Society of Petroleum Engineers, 2002. http://dx.doi.org/10.2118/74363-ms.

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Zhang, Bei, Xiao-wei Wen, and Li-lin Diao. "Study on value creation and technology support of agricultural product brands." In 2011 International Conference on New Technology of Agricultural Engineering (ICAE). IEEE, 2011. http://dx.doi.org/10.1109/icae.2011.5943827.

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Reports on the topic "New Value Creation Intention"

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Céline, Giner. New Avenues of Value Creation in the Agro-Food Sector. Paris: OECD Publishing, 2008. http://dx.doi.org/10.1787/222568027765.

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Portway, Sarah. Singularized Value and the Creation of a New Heirloom: A Case Study. Ames: Iowa State University, Digital Repository, 2013. http://dx.doi.org/10.31274/itaa_proceedings-180814-540.

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Riggs, William, Vipul Vyas, and Menka Sethi. Blockchain and Distributed Autonomous Community Ecosystems: Opportunities to Democratize Finance and Delivery of Transport, Housing, Urban Greening and Community Infrastructure. Mineta Transportation Institute, July 2022. http://dx.doi.org/10.31979/mti.2022.2165.

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This report investigates and develops specifications for using blockchain and distributed organizations to enable decentralized delivery and finance of urban infrastructure. The project explores use cases, including: providing urban greening, street or transit infrastructure; services for street beautification, cleaning and weed or graffiti abatement; potential ways of resource allocation ADU; permitting and land allocation; and homeless housing. It establishes a general process flow for this blockchain architecture, which involves: 1) the creation of blocks (transactions); 2) sending these blocks to nodes (users) on the network for an action (mining) and then validation that that action has taken place; and 3) then adding the block to the blockchain. These processes involve the potential for creating new economic value for cities and neighborhoods through proof-of-work, which can be issued through a token (possibly a graphic non-fungible token), certificate, or possible financial reward. We find that encouraging trading of assets at the local level can enable the creation of value that could be translated into sustainable “mining actions” that could eventually provide the economic backstop and basis for new local investment mechanisms or currencies (e.g., local cryptocurrency). These processes also provide an innovative local, distributed funding mechanism for transportation, housing and other civic infrastructure.
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Iyer, Ananth V., Steven R. Dunlop, Anmol Guram Singh, Mihir Bhatia, and Sazzadur Rahman. Developing a Business Ecosystem around Autonomous Vehicle Infrastructure in Indiana. Purdue University, 2020. http://dx.doi.org/10.5703/1288284317088.

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INDOT will soon be embarking on infrastructure planning to accommodate autonomous vehicles. This new technology affords the ability to impact economic value creation across the supply chain in Indiana, as well as foster economic development in Indiana to support these emerging technologies. This proposal will be a first cut towards exploring the development of a strategy to realize this potential. Our proposal will consist of two phases. Phase 1: A focus on industry choices and plans that can inform INDOT choices. Phase 2: A focus on INDOT’s internal decision making, risk tolerance, and choices regarding infrastructure projects.
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Ivanova, Iryna, and Elena Afanasieva. MODEL OF INTERACTION BETWEEN ADVERTISING, PR AND JOURNALISM. Ivan Franko National University of Lviv, February 2021. http://dx.doi.org/10.30970/vjo.2021.49.11060.

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The article is an overview of the journalism – PR – advertising relationship at the terminological, empirical-analytical and practical levels. It traces the state of the discussion of these correlations in the post-soviet media such as Ukraine. The study describes that domesticating the importance of the appropriate partnership between the three communication technologies. The thesis is that journalism, advertising and PR create a mutual connection that takes place in an atmosphere of PR and advertising permissiveness and deepens with the development of digitalization, Social network development. The present research is based on a comprehensive approach. The inductive and deductive methods are adopted to discuss theoretical materials, and the interdisciplinary research method is used to detect PR-specific features as a philosophy of a new journalism project. The interpretive approach, usually employed to analyze media text as a complex synthetic structure, was also taken into consideration. The analytical method application identified the modern means of substantiating the ideological, esthetical and informative value of brand journalism and spin doctor. The innovative character of modern media as a behavioral strategy in the advertising and PR industry consists in the fact that it is a form of creative production and behavior rather than adapting a specific communication situation. The article examines the main directions of contemporary interactions between PR, advertising and journalism as a media content creation. In this context, it is asserted that advertising, journalism and PR activities can contribute to the creation of media content. At some point, good media content is achieved not only as a result of this competition but also from the correlation between PR, advertising and journalism.
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Jander, Georg, Gad Galili, and Yair Shachar-Hill. Genetic, Genomic and Biochemical Analysis of Arabidopsis Threonine Aldolase and Associated Molecular and Metabolic Networks. United States Department of Agriculture, January 2010. http://dx.doi.org/10.32747/2010.7696546.bard.

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Since the amino acids threonine and isoleucine can be limiting in mammalian diet and there is interest in increasing their abundance in certain crop plants. To meet this need, a BARD proposal was written with two main research objectives: (i) investigate new avenues for manipulating threonine and isoleucine content in plants and (ii) study the role of threonine aldolase in plant metabolism. Research conducted to meet these goals included analysis of the sub-cellular localization of threonine aldolase in the plant, analysis of metabolic flux in developing embryos, over- and under-expression of Arabidopsis threonine aldolases, and transcriptional and metabolic analysis of perturbations resulting from altered threonine aldolase expression. Additionally, the broader metabolic effects of increasing lysine biosynthesis were investigated. An interesting observation that came up in the course of the project is that threonine aldolase activity affects methionine gamma-lyase in Arabidopsis. Further research showed that threonine deaminase and methionine gamma-lyase both contribute to isoleucine biosynthesis in plants. Therefore, isoleucine content can be altered by manipulating the expression of either or both of these enzymes. Additionally, both enzymes contribute to the up to 100-fold increase in isoleucine that is observed in drought-stressed Arabidopsis. Toward the end of the project it was discovered that through different projects, both groups had been able to independently up-regulate phenylalanine accumulation by different mechanisms. The Galili lab transformed Arabidopsis with a feedbackinsensitive bacterial enzyme and the Jander lab found a feedback insensitive mutation in Arabidopsis arogenate dehydratase. Exchange of the respective plant lines has allowed a comparative analysis of the different methods for increasing phenylalanine content and the creation of double mutants. The research that was conducted as part of this BARD project has led to new insights into plant amino acid metabolism. Additionally, new approaches that were found to increase the accumulation of threonine, isoleucine, and phenylalanine in plants have potential practical applications. Increased threonine and isoleucine levels can increase the nutritional value of crop plants. Elevated isoleucine accumulation may increase the osmotic stress tolerance of plants. Up-regulation of phenylalanine biosynthesis can be used to increase the production of downstream higher-value plant metabolites of biofuel feed stocks.
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Kolo, Castulus, Ute Masur, Merle Emre, and Klaus Kreulich. Higher Education 2030: From Future Skills in Higher Education to the Future Skills of Higher Education Managers. Hochschule Macromedia, 2021. http://dx.doi.org/10.56843/msr002.

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On December 9, 2020, we continued the discussion on the future of higher education during the virtual open symposium “Higher Education 2030”. The focus was on drivers and effects of longer-term change with respect to (1) teaching and didactics, (2) institutions in the higher education value creation network as well as (3) national education systems and international schemes (including the interrelations of these three levels). In the resulting publication, we highlight the results of this discussion of distinguished guests from industry and academia from Europe and beyond. One of the key questions for incumbent as well as new institutions in higher education – whether private or public – is, how to prepare for the dynamically evolving times ahead. The symposium concluded that managing higher education cannot continue unchanged. Therefore, we embarked next on the topic of “From Future Skills in Higher Education to the Future Skills of Higher Education Managers.” For an initial workshop on May 14, 2021, we reached out to experts from different world regions as well as higher education providers. The aim was to outline the challenges and the necessary competencies as well as the knowledge and methodologies needed to succeed in the changing context of higher education. The results will address an urgent and important need of preparing for a future – even more uncertain in these times of the COVID-19 pandemic, that was also touched upon as a driver itself and an accelerator to other trends respectively. Based on the ideas collected in the workshop, the initiative “Higher Education 2030” shall continue working on further publications. In addition, it shall also inform the preparation of master level certificates that eventually lead to an International Higher Education MBA. “Higher education” will henceforth also be abbreviated as “HE”.
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Exploring the Prospects of Using 3D Printing Technology in the South African Human Settlements. Academy of Science of South Africa (ASSAf), 2021. http://dx.doi.org/10.17159/assaf.2021/0074.

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South Africa is a country with significant socio-economic development challenges, with the majority of South Africans having limited or non-existent access to basic infrastructure, services, housing and socio-economic opportunities etc. The urban housing backlog currently exceeds 2.4 million houses, with many families living in informal settlements. The Breaking New Grounds Policy, 2014 for the creation of sustainable human settlements, acknowledges the challenges facing human settlements, such as, decreasing human settlements grants allocation, increasing housing backlog, mushrooming of informal settlements and urbanisation. The White Paper on Science, Technology and Innovation (STI), 2019 notes that South Africa has not yet fully benefited from the potential of STI in addressing the socio-economic challenges and seeks to support the circular economy principles which entail a systematic change of moving to a zero or low waste resource-efficient society. Further to this, the Science and Technology Roadmap’s intention is to unlock the potential of South Africa’s human settlements for a decent standard of living through the smart uptake of science, technology and innovation. One such novel technology is the Three-Dimensional (3D) printing technology, which has produced numerous incredible structures around the world. 3D printing is a computer-controlled industrial manufacturing process which encompasses additive means of production to create 3D shapes. The effects of such a technology have a potential to change the world we live in and could subsequently pave the roadmap to improve on housing delivery and reduce the negative effects of conventional construction methods on the environment. To this end, the Academy of Science of South Africa (ASSAf), in partnership with the Department of Science and Innovation (DSI) and the University of Johannesburg (UJ) hosted the second virtual IID seminar titled: Exploring the Prospects of Using 3D Printing Technology in the South African Human Settlements, on 01 March 2021 to explore the potential use of 3D printing technology in human settlements. The webinar presented preliminary findings from a study conducted by UJ, addressing the following topics: 1. The viability of 3D printing technology 2. Cost comparison of 3D printed house to conventional construction 3. Preliminary perceptions on 3D printing of houses Speakers included: Dr Jennifer Mirembe (NDoHS), Dr Jeffrey Mahachi, Mr Refilwe Lediga, Mr Khululekani Ntakana and Dr Luxien Ariyan, all from UJ. There was a unanimous consensus that collaborative efforts from all stakeholders are key to take advantage of this niche technology. @ASSAf_Official; @dsigovza; @go2uj; @The_DHS; #SA 3D_Printing; #3D Print_Housing; #IID
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Payment Systems Report - June of 2020. Banco de la República de Colombia, February 2021. http://dx.doi.org/10.32468/rept-sist-pag.eng.2020.

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With its annual Payment Systems Report, Banco de la República offers a complete overview of the infrastructure of Colombia’s financial market. Each edition of the report has four objectives: 1) to publicize a consolidated account of how the figures for payment infrastructures have evolved with respect to both financial assets and goods and services; 2) to summarize the issues that are being debated internationally and are of interest to the industry that provides payment clearing and settlement services; 3) to offer the public an explanation of the ideas and concepts behind retail-value payment processes and the trends in retail payments within the circuit of individuals and companies; and 4) to familiarize the public, the industry, and all other financial authorities with the methodological progress that has been achieved through applied research to analyze the stability of payment systems. This edition introduces changes that have been made in the structure of the report, which are intended to make it easier and more enjoyable to read. The initial sections in this edition, which is the eleventh, contain an analysis of the statistics on the evolution and performance of financial market infrastructures. These are understood as multilateral systems wherein the participating entities clear, settle and register payments, securities, derivatives and other financial assets. The large-value payment system (CUD) saw less momentum in 2019 than it did the year before, mainly because of a decline in the amount of secondary market operations for government bonds, both in cash and sell/buy-backs, which was offset by an increase in operations with collective investment funds (CIFs) and Banco de la República’s operations to increase the money supply (repos). Consequently, the Central Securities Depository (DCV) registered less activity, due to fewer negotiations on the secondary market for public debt. This trend was also observed in the private debt market, as evidenced by the decline in the average amounts cleared and settled through the Central Securities Depository of Colombia (Deceval) and in the value of operations with financial derivatives cleared and settled through the Central Counterparty of Colombia (CRCC). Section three offers a comprehensive look at the market for retail-value payments; that is, transactions made by individuals and companies. During 2019, electronic transfers increased, and payments made with debit and credit cards continued to trend upward. In contrast, payments by check continued to decline, although the average daily value was almost four times the value of debit and credit card purchases. The same section contains the results of the fourth survey on how the use of retail-value payment instruments (for usual payments) is perceived. Conducted at the end of 2019, the main purpose of the survey was to identify the availability of these payment instruments, the public’s preferences for them, and their acceptance by merchants. It is worth noting that cash continues to be the instrument most used by the population for usual monthly payments (88.1% with respect to the number of payments and 87.4% in value). However, its use in terms of value has declined, having registered 89.6% in the 2017 survey. In turn, the level of acceptance by merchants of payment instruments other than cash is 14.1% for debit cards, 13.4% for credit cards, 8.2% for electronic transfers of funds and 1.8% for checks. The main reason for the use of cash is the absence of point-of-sale terminals at commercial establishments. Considering that the retail-payment market worldwide is influenced by constant innovation in payment services, by the modernization of clearing and settlement systems, and by the efforts of regulators to redefine the payment industry for the future, these trends are addressed in the fourth section of the report. There is an account of how innovations in technology-based financial payment services have developed, and it shows that while this topic is not new, it has evolved, particularly in terms of origin and vocation. One of the boxes that accompanies the fourth section deals with certain payment aspects of open banking and international experience in that regard, which has given the customers of a financial entity sovereignty over their data, allowing them, under transparent and secure conditions, to authorize a third party, other than their financial entity, to request information on their accounts with financial entities, thus enabling the third party to offer various financial services or initiate payments. Innovation also has sparked interest among international organizations, central banks, and research groups concerning the creation of digital currencies. Accordingly, the last box deals with the recent international debate on issuance of central bank digital currencies. In terms of the methodological progress that has been made, it is important to underscore the work that has been done on the role of central counterparties (CCPs) in mitigating liquidity and counterparty risk. The fifth section of the report offers an explanation of a document in which the work of CCPs in financial markets is analyzed and corroborated through an exercise that was built around the Central Counterparty of Colombia (CRCC) in the Colombian market for non-delivery peso-dollar forward exchange transactions, using the methodology of network topology. The results provide empirical support for the different theoretical models developed to study the effect of CCPs on financial markets. Finally, the results of research using artificial intelligence with information from the large-value payment system are presented. Based on the payments made among financial institutions in the large-value payment system, a methodology is used to compare different payment networks, as well as to determine which ones can be considered abnormal. The methodology shows signs that indicate when a network moves away from its historical trend, so it can be studied and monitored. A methodology similar to the one applied to classify images is used to make this comparison, the idea being to extract the main characteristics of the networks and use them as a parameter for comparison. Juan José Echavarría Governor
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