Analysis of front end dynamic in the value co-creation with multiple stakeholders

Abstract

Purpose

This study aims to analyze the dynamic of front end development (discover, define and create/analysis and test phases) in the co-creation with multiple stakeholders taking into account the value creation and capture process in a strategic business, consulting project, adding knowledge sharing flows.

Design/methodology/approach

The first phase of the study consisted of a review of the narrative literature. The method chosen for analyzing the findings is the narrative synthesis, which sought to identify and show the complementarity between the areas studied. Then, a summary of the review presents a conceptual structure. At the third phase of the study consisted of a field survey characterized for being a descriptive-exploratory and qualitative investigation based on a single case study.

Findings

For the results, three phases of evolution in the relationships among stakeholders can be characterized, namely: formation, strengthening and integration. With regard to value capture, it is also possible to characterize three phases of simultaneous non-linear evolution: sharing of perceptions, ideas and experiences, self-reflection, and vision and solution. With regard to knowledge sharing, two important flows were characterized: solution development and socialization and communication, in which there is a greater relationship with the development of trust, commitment, tie strengthening and shared vision. And some insights from the perspective of integrating dynamic capabilities and front end with value co-creation with multiple stakeholders.

Originality/value

Practical and theorical results of the evolution of value co-creation on the front end phases dynamic.

Citation

Takahashi, S. and Takahashi, V.P. (2022), "Analysis of front end dynamic in the value co-creation with multiple stakeholders", International Journal of Managing Projects in Business, Vol. 15 No. 5, pp. 742-768. https://doi.org/10.1108/IJMPB-11-2021-0301