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Introduction

In: The Value Chain Network

Author

Listed:
  • David W. Walters

    (University of Technology Sydney)

  • Deborah A. Helman

    (DeVry University)

Abstract

A capabilities response approach views the firm as a portfolio of capabilities that evolve in response to the (perceived) demands of the business environment. An “enterprise” comprises one organization or collaborative networks of firms; examples from the large corporations suggest that the traditional structural model based upon functions, (silos), is rapidly losing support in favor of holistic structures reflecting capability responses. These are characteristics that reflect an understanding of the marketplace and of the opportunities it offers, and of the characteristics of the capabilities essential for successful engagement. The evident changes in management approaches of; narrowly defined customer centricity, a changing view of the enterprise (stakeholder value-management rather than just shareholder value-management) to a positive approach to network collaboration, network “connectivity”, and the availability of real-time data analysis and management, suggests the complete demise of the silos and replacement by a holistic, interactive, approach that enables an organization to identify the capabilities that market opportunities require and the ability to structure a relevant response that meets the market demand precisely rather attempting to mould the market need into an opportunity that fits the silo’s requirements.

Suggested Citation

  • David W. Walters & Deborah A. Helman, 2023. "Introduction," Future of Business and Finance, in: The Value Chain Network, chapter 5, pages 99-119, Springer.
    • Handle: RePEc:spr:fuobcp:978-3-031-38000-6_5
    DOI: 10.1007/978-3-031-38000-6_5
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