Explain the important aspects of a value network.
What will be an ideal response?
1. The overarching process focus is on value co-creation.
2. A shared vision exists within the network with a common aim of fostering value co-creation.
3. Value co-creation is viewed as emanating from the expertise and competencies of all parties within the network.
4. Network and team relationships are key elements in the co-creation of the value.
5. This value is viewed as network value.
6. Relationship conflicts are viewed as potential barriers to the creation of network value and a process for conflict co-management is essential.
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