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Quantitative Endosurgery Process Analysis by Machine Learning Method Bojan Nokovic , Andrew Lambe (pages: 1-7) Modelling Student Performance in a Structural Steel Graduate-Based Module: A Comparative Analysis Between K-Nearest Neighbor and Dummy Classifiers Masengo Ilunga , Omphemetse Zimbili , Phahlani Mampilo , Agarwal Abhishek (pages: 8-15) Interoperable Digital Skills for Foreign Languages Education in the COVID-19 Paradigm Rusudan Makhachashvili , Ivan Semenist , Iryna Vorotnykova (pages: 16-20) Education, Training and Informatics Go Hand in Hand in (Foreign) Higher Education Institutions (HEIs) – Case Studies From Live and Online Classrooms Ekaterini Nikolarea (pages: 21-29) Enhancing Pedagogical and Digital Competencies Through Digital Tools: A Proposal for Semi-schooled Language Teaching Programs in Oaxaca, Mexico José de Jesús Bautista Hernández , Eduardo Bustos Farías , Norma Patricia Maldonado Reynoso (pages: 30-35) Railway Track Degradation Modelling Using Finite Element Analysis: A Case Study in South Africa Ntombela Lunga , Masengo Ilunga (pages: 36-50) Continuum of Academic Collaboration: Issues of Inconsistent Terminology in Multilingual Context Cristo Leon , James Lipuma , Marcos O. Cabobianco , Maria B. Daizo (pages: 51-62) Peat Resource Management and Climate Change Mitigation Issues – Case of Latvia Anita Titova , Natalja Lace (pages: 63-70) Using Geospatial Computation Intelligence for Mapping Temporal Evolution of Urban Built-up in Selected Areas of the Ekurhuleni Municipality, South Africa Jo-Anne Correia , Masengo Ilunga (pages: 71-80) Cybernetics and Informatics of Generative AI for Transdisciplinary Communication in Education Rusudan Makhachashvili , Ivan Semenist (pages: 81-88) Navigating Psychological Riptides: How Seafarers Cope and Seek Help for Mental Health Needs Coleen Abadicio , Stella Louise Arenas , Rosette Renee Hahn , Angel Berry Maleriado , Ramon Miguel Mariano , Rodolfo Antonio Ma. Zabella , Genejane Adarlo (pages: 89-98)
ABSTRACT
Survival through Openness – How Traditional Industry could avoid the Fate of Print Media
The purpose of this paper is to make a contribution to a theory of value co-creation by integrating a case observation and conceptual insights from literature that are concerned with co-creation phenomena. A value creation taxonomy is introduced as a reference model which is used to describe an ongoing paradigm shift from traditional industrial production towards Bottom-up economics. On this basis, a conceptual framework is derived for comparing how traditional value chain elements might be rearranged by organizations relying on value co-creation. The underlying research work also aims to apply the authors' framework in order to illustrate how completely new business models arise and how traditional (manufacturing) companies could be enabled to make use of value co-creation patterns observed in the 36 cases under consideration. Each case is employing its own distinct approach to value creation.
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