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Bottom-up Economics. Foundations of a Theory of Distributed and Open Value Creation

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The Decentralized and Networked Future of Value Creation

Part of the book series: Progress in IS ((PROIS))

Abstract

In many industries, we can observe a paradigm shift from traditional value creation towards value co-creation and open production approaches. The boundaries of companies dissolve and many more stakeholders (suppliers, customers, users, community members etc.) are integrated into the value creation process. Thus, a new understanding and taxonomy of value creation becomes necessary to serve as a reference model in order to describe new phenomena based on the principles of so-called Bottom-up Economics. In an industrial context, openness as a precondition for participation, cooperation and interaction can be seen as a critical success factor. The need for a theory of a distributed and open value creation will be revealed by integrating case observations and conceptual insights from literature that are concerned with co-creation phenomena from a Production Engineering point of view.

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Authors and Affiliations

  1. Institute of Production Engineering, Helmut Schmidt Universiy, Holstenhofweg 85, 22043, Hamburg, Germany

    Tobias Redlich & Manuel Moritz

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  1. Tobias Redlich
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  2. Manuel Moritz
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Correspondence to Tobias Redlich .

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Editors and Affiliations

  1. Inst for Ecological Economy Research, Berlin, Berlin, Germany

    Jan-Peter Ferdinand

  2. Inst for Ecological Economy Research, Berlin, Berlin, Germany

    Ulrich Petschow

  3. Friedrich Schiedel-Lehrstuhl Wissen, Tech Univ München, München, Bayern, Germany

    Sascha Dickel

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Redlich, T., Moritz, M. (2016). Bottom-up Economics. Foundations of a Theory of Distributed and Open Value Creation. In: Ferdinand, JP., Petschow, U., Dickel, S. (eds) The Decentralized and Networked Future of Value Creation. Progress in IS. Springer, Cham. https://doi.org/10.1007/978-3-319-31686-4_3

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