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Managing business networks for value creation in facilities and their external environments : A study on co-location

Artto, Karlos ; Ahola, Tuomas ; Kyrö, Riikka LU and Peltokorpi, Antti (2017) In Facilities 35(1-2). p.99-115
Abstract

Purpose: The purpose of this paper is to increase understanding of the logic of business network formation among the co-located and external actors of a facility. Design/methodology/approach: The research adopts a theory-building approach through developing propositions inductively from the empirical case study on four purposefully sampled modern service station facilities. The focus is on analyzing how a facility and its inherent co-located actors represent an entity that forms a business network with external actors in the facility’s environment. Findings: The findings propose that when co-located with a large number of actors, the facility and its actors represent an entity that is connected to a wide business network of multiple... (More)

Purpose: The purpose of this paper is to increase understanding of the logic of business network formation among the co-located and external actors of a facility. Design/methodology/approach: The research adopts a theory-building approach through developing propositions inductively from the empirical case study on four purposefully sampled modern service station facilities. The focus is on analyzing how a facility and its inherent co-located actors represent an entity that forms a business network with external actors in the facility’s environment. Findings: The findings propose that when co-located with a large number of actors, the facility and its actors represent an entity that is connected to a wide business network of multiple external actors. On the other hand, when co-located with a small number of actors, the facility becomes a part of the overall supply in the surrounding business environment with a differentiated offering for competitive advantage. Practical implications: The research suggests that an appropriate co-locating strategy, for example, when planning the tenant mix of the facility, can contribute to creating a vivid business network in the external environment, which raises the facility to a role of a central entity in such a network. Originality/value: The findings explaining how co-location affects the businesses within the facility and within a wider networked environment are novel to the scholarly knowledge on co-location. The research bridges the theories of co-location and business networks that have been treated as separate discourses in previous research.

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Please use this url to cite or link to this publication:
author
publishing date
type
Contribution to journal
publication status
published
subject
keywords
Business Development, Business environment, Facilities, Networks, Property, Value
in
Facilities
volume
35
issue
1-2
pages
17 pages
publisher
Emerald Group Publishing Limited
external identifiers
  • scopus:85011382774
ISSN
0263-2772
DOI
10.1108/F-07-2015-0049
language
English
LU publication?
no
id
4645772d-425e-4e07-93d8-a4ebe359b299
date added to LUP
2019-02-04 09:42:05
date last changed
2020-01-16 03:44:47
@article{4645772d-425e-4e07-93d8-a4ebe359b299,
  abstract     = {<p>Purpose: The purpose of this paper is to increase understanding of the logic of business network formation among the co-located and external actors of a facility. Design/methodology/approach: The research adopts a theory-building approach through developing propositions inductively from the empirical case study on four purposefully sampled modern service station facilities. The focus is on analyzing how a facility and its inherent co-located actors represent an entity that forms a business network with external actors in the facility’s environment. Findings: The findings propose that when co-located with a large number of actors, the facility and its actors represent an entity that is connected to a wide business network of multiple external actors. On the other hand, when co-located with a small number of actors, the facility becomes a part of the overall supply in the surrounding business environment with a differentiated offering for competitive advantage. Practical implications: The research suggests that an appropriate co-locating strategy, for example, when planning the tenant mix of the facility, can contribute to creating a vivid business network in the external environment, which raises the facility to a role of a central entity in such a network. Originality/value: The findings explaining how co-location affects the businesses within the facility and within a wider networked environment are novel to the scholarly knowledge on co-location. The research bridges the theories of co-location and business networks that have been treated as separate discourses in previous research.</p>},
  author       = {Artto, Karlos and Ahola, Tuomas and Kyrö, Riikka and Peltokorpi, Antti},
  issn         = {0263-2772},
  language     = {eng},
  month        = {01},
  number       = {1-2},
  pages        = {99--115},
  publisher    = {Emerald Group Publishing Limited},
  series       = {Facilities},
  title        = {Managing business networks for value creation in facilities and their external environments : A study on co-location},
  url          = {http://dx.doi.org/10.1108/F-07-2015-0049},
  doi          = {10.1108/F-07-2015-0049},
  volume       = {35},
  year         = {2017},
}