“The concept of the value network — the context within which a firm identifies and responds to customers' needs, solves problems, procures input, reacts to competitors, and strives for profit — is central to this synthesis.”

—  Clayton M. Christensen

Source: 1990s, The Innovator's Dilemma (1997), p. 31

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "The concept of the value network — the context within which a firm identifies and responds to customers' needs, solves …" by Clayton M. Christensen?
Clayton M. Christensen photo
Clayton M. Christensen 23
Mormon academic 1952–2020

Related quotes

Kevin Kelly photo

“In the network economy a firm's primary focus shifts from maximizing the firm«s value to maximizing the network's value.”

Kevin Kelly (1952) American author and editor

Out of Control: The New Biology of Machines, Social Systems and the Economic World (1995), New Rules for the New Economy: 10 Radical Strategies for a Connected World (1999)

Clayton M. Christensen photo

“[There is a distinguishes between] low-end disruption which targets customers who do not need the full performance valued by customers at the high end of the market and "new-market disruption" that targets customers that could previously not be served profitably by the incumbent.”

Clayton M. Christensen (1952–2020) Mormon academic

Christensen (2003) The Innovator's Solution. p. 22-23
2000s

“A firm may be defined as an institution which buys things, transforms them in some way, and then sells them with the purpose of making a profit. The things a firm buys we shall call "inputs." The things it sells we shall call "outputs." The process whereby the things it buys are transformed into the things it sells we shall call the "process of production." In any process of buying to sell again a process of production is always involved…
A business, therefore, is a process whereby certain inputs, valued in dollars in some way, are transformed into outputs, also valued in dollars in some way.”

Kenneth E. Boulding (1910–1993) British-American economist

Source: 1940s, Economic Analysis, 1941, p. 377

Heinz von Foerster photo

“The main theme of this report is a particular facet of the general problem of pre-organization in self-organizing systems, namely, the theory and circuitry of information processing networks. One may consider these networks as a special type of parallel computation channels which extract from the set of all possible inputs a particular subset which is defined by the internal structure of the network. The advantage of such operationally deterministic networks in connection with adaptive systems is the obvious reduction in channel capacity of the adaptors, if it is possible to predetermine classes of inputs which are supposed to be meaningful for those interacting with the automaton”

Heinz von Foerster (1911–2002) Austrian American scientist and cybernetician

Von Foerster (1963, p. ii) as cited in Peter M. Asaro (2007). "Heinz von Foerster and the Bio-Computing Movements of the 1960s," http://cybersophe.org/writing/Asaro%20HVF%26BCL.pdf
1960s

Jacques Derrida photo

“What is called "objectivity," scientific for instance (in which I firmly believe, in a given situation) imposes itself only within a context which is extremely vast, old, firmly established, or rooted in a network of conventions … and yet which still remains a context.”

Jacques Derrida book Limited Inc

Limited Inc (1977)

“Most people define learning too narrowly as mere “problem-solving”, so they focus on identifying and correcting errors in the external environment. Solving problems is important. But if learning is to persist, managers and employees must also look inward. The need to reflect critically on their own behaviour, identify the ways they often inadvertently contribute to the organisation’s problems, and then change how they act.”

Chris Argyris (1923–2013) American business theorist/Professor Emeritus/Harvard Business School/Thought Leader at Monitor Group

Chris Argyris "Teaching smart people how to learn" in: Peter F. Drucker (1998) Harvard Business Review on Knowledge Management. p. 82

Tsai Ing-wen photo

“Politics should be as simple as possible; it should respond directly to the needs of the people, it should help to solve the problems for the people and this is what I want to do for Taiwan.”

Tsai Ing-wen (1956) President of the Republic of China

Tsai vows ‘new age’ at opening event, Taipei Times, 1, October 19, 2015, 19 October 2015 http://www.taipeitimes.com/News/front/archives/2015/10/19/2003630398,

“It is sheer nonsense to expect that any human being has yet been able to attain such insight into the problems of society that he can really identify the central problems and determine how they should be solved. The systems in which we live are far too complicated as yet for our intellectual powers and technology to understand.”

C. West Churchman (1913–2004) American philosopher and systems scientist

Source: 1960s - 1970s, The Systems Approach (1968), p. x

Melanie Perkins photo

“Solve customer problems and make sure that the customer is representative of a large market and then you will have a pretty good formula.”

Melanie Perkins (1987) Australian technology entrepreneur

Source: https://twitter.com/arjunmahadevan/status/1677775875369058304

“The key argument is that managers and owners in firms search for stable patterns of interaction with their largest competitors. Once stable patterns prove to be both legal and profitable, firms set up organizational fields that tend to produce and reproduce those patterns.”

Neil Fligstein (1951) American sociologist

Source: The architecture of markets, 2001, p. 155

Related topics