TY - JOUR T1 - Value Network Design for Innovations: Developing Alternative Value Network Drafts JF - Technology Innovation Management Review Y1 - 2016 A1 - Martin Kage A1 - Marvin Drewel A1 - Jürgen Gausemeier A1 - Marcel Schneider KW - innovations KW - inter-company collaboration KW - Internet of Things KW - value networks AB - Information technology increasingly permeates established products and services, thereby making them "smart". For companies, this trend necessitates new know-how in unknown fields. Hence, traditional manufacturing companies are increasingly forced to cooperate with new players within new value networks. In contradiction to value chains, value networks oftentimes exhibit no clear hierarchies and are characterized by rather weak ties between the participating players. For a company that wants to create smart products or services, the key challenge is arranging the value network such that the customer obtains a unique value while all participants profit from their engagement. In doing so, companies have to find new partners (companies, research institutes, etc.). In this article, we present a methodology to design value networks for innovations, including approaches to identify necessary competences, find suitable partners, and bundle them to powerful alternative value networks. PB - Talent First Network CY - Ottawa VL - 6 UR - http://timreview.ca/article/1002 IS - 7 U1 - Heinz Nixdorf Institute Martin Kage is a Research Assistant in the Strategic Product Planning and Systems Engineering group at the Heinz Nixdorf Institute in Germany. His research focus is the potential analysis of disruptive technologies, especially additive manufacturing and the strategic design of value networks. He holds an MSc in Industrial Engineering and Management from the University of Paderborn, Germany. His PhD thesis focuses on value networks as a strategic management instrument. U2 - Heinz Nixdorf Institute Marvin Drewel is a Research Assistant in the Strategic Product Planning and Systems Engineering group at the Heinz Nixdorf Institute in Germany. His research focus is strategic product planning in the context of the Internet of Things. He holds an MSc in Industrial Engineering and Management from the University of Paderborn, Germany. U3 - Heinz Nixdorf Institute Jürgen Gausemeier is a Senior Professor at the Heinz Nixdorf Institute of the University of Paderborn, Germany. His key activities are strategic product planning and systems engineering. He was speaker of the Collaborative Research Centre 614 "Self-Optimizing Concepts and Structures in Mechanical Engineering" by the German Research Foundation (DFG) and member of the German Council of Science and Humanities from 2009 until 2015. Jürgen is the initiator and chairman of the Supervisory Board of the consultant company UNITY AG. Since 2003, he has been member of “acatech – German Academy of Science and Engineering” and has been its Vice President since 2012. He is also Chairman of the Board of the Leading-Edge Cluster "Intelligente Technische Systeme Ostwestfalen-Lippe (it's OWL)”, which was initiated by the Federal Ministry of Education and Research. U4 - Heinz Nixdorf Institute Marcel Schneider is a Research Assistant in the Strategic Product Planning and Systems Engineering group at the Heinz Nixdorf Institute of the University of Paderborn, Germany, as well as the Fraunhofer IEM (Department of Product Engineering). He studied Industrial Engineering and Management at the University of Paderborn, Germany. His focus is on the design of value networks, the operationalization of business models, and the digital factory. ER -