DefinePK

Research Objective

To develop a conceptual framework that supports adaptable and resilient value chains by exploring their underlying parameters and operational dimensions, and to enhance the understanding of value chain efficiency, proficiency, and quality.

Methodology

Conceptual review methodology, examining literature to identify and analyze underlying parameters of value chains. These parameters are dimensionally aligned with components of intellectual capital theory to map value chain characteristics.

Methodology Flowchart

                        graph TD
    A["Literature Review on Value Chains"] --> B["Identify Traditional vs. Current Views"];
    B --> C["Extract Underlying Parameters"];
    C --> D["Align Parameters with Intellectual Capital Components"];
    D --> E["Develop Value Chain Dimensionality VCD Framework"];
    E --> F["Propose Conceptual Framework and Dimensional Matrix"];
    F --> G["Enhance Understanding of Value Chain Efficiency, Proficiency, Quality"];
    G --> H["Develop Resilient Value Chains"];                    

Discussion

The study argues that traditional and contemporary approaches to value chains have overlooked their deeper, complex aspects. The COVID-19 pandemic has exposed vulnerabilities in hybrid business models and value chains. The research proposes that by understanding the underlying parameters and dimensions of value chains, organizations can develop more resilient structures. The framework maps value chain characteristics to human, structural, and relational capital.

Key Findings

A theoretical framework and dimensional matrix are proposed to enhance the understanding of value chain efficiency, proficiency, and quality. The study identifies underlying parameters of value chains and compartmentalizes them with respect to intellectual capital components.

Conclusion

An in-depth, dimensional understanding of value chains is necessary for developing resilient structures. The proposed conceptual framework of Value Chain Dimensionality (VCD), based on intellectual capital theory, provides a theoretical understanding and a framework for organizations to build resilient value chains, leading to improved efficiency, proficiency, and quality of offerings.

Fact Check

- The COVID-19 pandemic exposed vulnerabilities in hybrid business models and value chains. (Confirmed by multiple sources in the text regarding pandemic impacts).
- Value chain concept was proposed by Porter. (Confirmed by citation to Porter, 1985).
- Intellectual capital is primarily defined as knowledge-based and experience-based assets. (Confirmed by definition provided in the text).

Mind Map