Title
Modeling Business Strategy: A Consumer Value Perspective.
Abstract
Business strategy lays out the plan of an enterprise to achieve its vision by providing value to its customers. Typically, business strategy focuses on economic value and its relevant exchanges with customers and does not directly address consumer values. However, consumer values drive customers' choices and decisions to use a product or service, and therefore should have a direct impact on business strategy. This paper explores whether and how consumer values influence business strategy, and how they might be linked to IS solutions that support the implementation of such strategies. To address these questions, the study maps consumer values to a business strategy approach via a meta-model commonly used for such purposes, based on strategy maps and balanced scorecards (SMBSC). Additionally, the applicability of the mappings is illustrated via a case scenario where the mappings are applied and the business strategy conceptualization captures them. Finally, based on these mappings, high level guidelines for linking consumer values to requirements for the development of IS solutions through business strategy conceptualization are proposed.
Year
DOI
Venue
2011
10.1007/978-3-642-24849-8_6
Lecture Notes in Business Information Processing
Keywords
Field
DocType
Consumer value,strategy maps,balanced scorecards,requirements engineering
Artifact-centric business process model,New business development,Strategy map,Consumer-to-business,Systems engineering,Computer science,Knowledge management,Technology strategy,Balanced scorecard,Business model,Management science,Business rule
Conference
Volume
ISSN
Citations 
92
1865-1348
10
PageRank 
References 
Authors
0.63
3
3
Name
Order
Citations
PageRank
Eric-Oluf Svee1396.96
Constantinos Giannoulis2678.10
Jelena Zdravkovic337846.98