30.01.2014 Views

Hassan Sherwani ROLE OF SALES AND MARKETING IN ... - Oulu

Hassan Sherwani ROLE OF SALES AND MARKETING IN ... - Oulu

Hassan Sherwani ROLE OF SALES AND MARKETING IN ... - Oulu

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

11<br />

Monopoly: A market with a single seller or firms with sufficient market power to<br />

influence the price, output, and investment of an industry thus they may exercise<br />

monopoly power and might limit new competitors entering the industry, even if there are<br />

high profits (Foster et. al, 2011).<br />

Value Creation: The centrally held, enduring core beliefs, desired end-states, or higher<br />

order goals of the individual customer or customer organization that guide behavior,<br />

products and services (Daniel et al., 1997).<br />

Co-Creation of value: The value that customer provides to the company, in the form of<br />

profit streams, intellectual capital, and other customer assets (Naumann, 1995).<br />

Resource Based View: Finding future competitiveness by successful firms on the<br />

development of distinctive and unique capabilities, which may often be implicit or<br />

intangible in nature (Teece et al., 1997)<br />

Knowledge Based View: The logical evolution of the RBV of the firm considering that<br />

it is a way to incorporate the temporal evolution of its resources and the capabilities that<br />

sustain the competitive advantage (Helfat and Peteraf, 2003).

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!