ISSN: 0309-0566
Online from: 1967
Subject Area: Marketing
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| Title: | Market systems, stakeholders and value propositions: Toward a service-dominant logic-based theory of the market |
|---|---|
| Author(s): | Stephen L. Vargo, (University of Hawaii at Manoa, Honolulu, Hawaii, USA) |
| Citation: | Stephen L. Vargo, (2011) "Market systems, stakeholders and value propositions: Toward a service-dominant logic-based theory of the market", European Journal of Marketing, Vol. 45 Iss: 1/2, pp.217 - 222 |
| Keywords: | Integration, Market system, Marketing theory |
| Article type: | Literature review |
| DOI: | 10.1108/03090561111095667 (Permanent URL) |
| Publisher: | Emerald Group Publishing Limited |
| Abstract: | Purpose – This paper aims to provide an overview of the 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. |
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