Market systems, stakeholders and value propositions: Toward a service‐dominant logic‐based theory of the market
Abstract
Purpose
This paper aims to provide an overview of the European Journal of Marketing's special section on the Forum of Markets and Marketing, “Extending Service‐Dominant Logic”.
Design/methodology/approach
The approach takes the form of a conceptual integration of core concepts in S‐D logic, markets, and marketing.
Findings
This special section provides insight into the complexity of markets by investigating markets as configurations and systems and how value propositions drive value co‐creation.
Research limitations/implications
This introduction to the special section integrates individual contributions toward advancing S‐D logic and suggests that additional research in this area will help to develop a general theory of markets and marketing.
Practical implications
The overview of this special section provides insight into how the development of a positive theory of the market(s) will help to further advance normative marketing theories and practice.
Originality/value
This overview of the special section integrates multiple perspectives on complex, dynamic systems and discusses their contributions to the development of an S‐D logic‐based theory of the market.
Keywords
Citation
Vargo, S.L. (2011), "Market systems, stakeholders and value propositions: Toward a service‐dominant logic‐based theory of the market", European Journal of Marketing, Vol. 45 No. 1/2, pp. 217-222. https://doi.org/10.1108/03090561111095667
Publisher
:Emerald Group Publishing Limited
Copyright © 2011, Emerald Group Publishing Limited