Linking Activities During Construction to InterOrganizational Value Co-Creation During Operations
(2016)- Abstract
- Value of construction projects is traditionally evaluated by the capability to use the facility for the planned purposes. In business premises, however, recent research highlights the creation of value in a project through establishing inter-organizational networks that have the capacity to create long-term value for the businesses in the facility. This article analyzes the lifecycle of a facility, which involves two major phases: the project phase and the operations phase. In regard to the content of these phases, the facility and the inter-organizational network is established in the project phase, and the facility and the network organizations co-create jointly the use value in
the long-term. The purpose of this paper is to look at... (More) - Value of construction projects is traditionally evaluated by the capability to use the facility for the planned purposes. In business premises, however, recent research highlights the creation of value in a project through establishing inter-organizational networks that have the capacity to create long-term value for the businesses in the facility. This article analyzes the lifecycle of a facility, which involves two major phases: the project phase and the operations phase. In regard to the content of these phases, the facility and the inter-organizational network is established in the project phase, and the facility and the network organizations co-create jointly the use value in
the long-term. The purpose of this paper is to look at different types of logic on how value cocreation among multiple organizations can take place in the operations phase of the facility. Furthermore, the purpose is to identify activities in the project phase, which facilitate the development of such network that contributes to value co-creation in the operations phase. The empirical study is a qualitative single case study of a lifecycle of Rehapolis health and wellbeing campus facility in Finland. We identified five types of value co-creation logic in the operations:
1) integrated business operations, 2) shared use of premises and facility services, 3) organizational integration, 4) shared brand and marketing efforts, and 5) shared knowledge. We then identified five activities in the project phase that facilitated the creation of the network: I) creating a shared vision among stakeholders, II) building a focused campus concept, III) engaging external third party and public stakeholders, IV) creating distinctive brand and name, and V) designing and adjusting of spaces jointly. This research highlights that activities during the construction project could also include the development of an inter-organizational network which involves co-creation of value among multiple organizations using the facility in the operations after the completion of the project. By understanding the different types of logic of value creation among different operators and users, developers and investors can focus their activities already during the project on enhancing the value creation in the long term, over the whole lifecycle of the facility. (Less)
Please use this url to cite or link to this publication:
https://lup.lub.lu.se/record/ad8c211e-12fa-4303-b042-0a551d9d73d0
- author
- Peltokorpi, Antti ; Matinheikki, Juri ; Kyrö, Riikka LU and Artto, Karlos
- publishing date
- 2016
- type
- Chapter in Book/Report/Conference proceeding
- publication status
- published
- subject
- keywords
- project lifecycle, value co-creation, Facilities, interorganizational nertwork, activity
- host publication
- CIB World Building Congress 2016 : Creating built environments of new opportunities - Creating built environments of new opportunities
- publisher
- Tampere University of Technology. Department of Civil Engineering.
- language
- English
- LU publication?
- no
- id
- ad8c211e-12fa-4303-b042-0a551d9d73d0
- date added to LUP
- 2019-02-04 11:02:21
- date last changed
- 2021-04-13 15:26:39
@inproceedings{ad8c211e-12fa-4303-b042-0a551d9d73d0,
abstract = {{Value of construction projects is traditionally evaluated by the capability to use the facility for the planned purposes. In business premises, however, recent research highlights the creation of value in a project through establishing inter-organizational networks that have the capacity to create long-term value for the businesses in the facility. This article analyzes the lifecycle of a facility, which involves two major phases: the project phase and the operations phase. In regard to the content of these phases, the facility and the inter-organizational network is established in the project phase, and the facility and the network organizations co-create jointly the use value in<br/>the long-term. The purpose of this paper is to look at different types of logic on how value cocreation among multiple organizations can take place in the operations phase of the facility. Furthermore, the purpose is to identify activities in the project phase, which facilitate the development of such network that contributes to value co-creation in the operations phase. The empirical study is a qualitative single case study of a lifecycle of Rehapolis health and wellbeing campus facility in Finland. We identified five types of value co-creation logic in the operations:<br/>1) integrated business operations, 2) shared use of premises and facility services, 3) organizational integration, 4) shared brand and marketing efforts, and 5) shared knowledge. We then identified five activities in the project phase that facilitated the creation of the network: I) creating a shared vision among stakeholders, II) building a focused campus concept, III) engaging external third party and public stakeholders, IV) creating distinctive brand and name, and V) designing and adjusting of spaces jointly. This research highlights that activities during the construction project could also include the development of an inter-organizational network which involves co-creation of value among multiple organizations using the facility in the operations after the completion of the project. By understanding the different types of logic of value creation among different operators and users, developers and investors can focus their activities already during the project on enhancing the value creation in the long term, over the whole lifecycle of the facility.}},
author = {{Peltokorpi, Antti and Matinheikki, Juri and Kyrö, Riikka and Artto, Karlos}},
booktitle = {{CIB World Building Congress 2016 : Creating built environments of new opportunities}},
keywords = {{project lifecycle; value co-creation; Facilities; interorganizational nertwork; activity}},
language = {{eng}},
publisher = {{Tampere University of Technology. Department of Civil Engineering.}},
title = {{Linking Activities During Construction to InterOrganizational Value Co-Creation During Operations}},
year = {{2016}},
}