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Cocreating IT value: new capabilities and metrics for multifirm environments

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TLDR
This introductory article frame the discussion of cocreating IT value through four layers of relational arrangement between firms, describe the papers in the special issue with respect to this framework, and briefly describe an agenda for research in this important area.
Abstract
Most research on IT value has been from the vantage point of a single firm. Multifirm studies have largely been dyadic and emphasize transaction costs over cocreation of value. Contemporary environments involve IT investments being made by multiple companies in cooperative, platform-based, and relational arrangements where the objective is to cocreate value. If IT serves as a tool, an output, or is instrumental in generating this cocreated value, then it falls within the cocreation domain of this special issue. In this introductory article, we frame the discussion of cocreating IT value through four layers of relational arrangement between firms, describe the papers in the special issue with respect to this framework, and briefly describe an agenda for research in this important area.

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Service innovation in the digital age: key contributions and future directions

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Value co-creation: concept and measurement

TL;DR: This work conducts a rigorous review of the diverse scholarly literature on VCC, utilizing the results from this review to isolate the two main theoretical dimensions of VCC and expose the three conceptual elements which underlie each dimension.
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What is co-creation? An interactional creation framework and its implications for value creation

TL;DR: This work develops a definition of co-creation as enactment of interactional creation across interactive system-environments (afforded by interactive platforms) entailing agencing engagements and structuring organizations, and introduces the concept of value-in-interactional creation.
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Digital innovation strategy: A framework for diagnosing and improving digital product and service innovation

TL;DR: In this paper, the authors present a managerial framework that supports firms in handling digital innovation, focusing on five key areas: user experience, value proposition, digital evolution scanning, skills, and improvisation.
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Strategic IT alignment: twenty-five years on

TL;DR: All research streams can trace their lineage to an initial paper or series of papers and the information systems field – despite its relative youthfulness – can point to examples of seminal research by Davis (1989) on technology acceptance or Brynjolfsson and Hitt (1996) on information technology payoffs as the foundation of whole new areas of research.
References
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Journal ArticleDOI

Absorptive capacity: a new perspective on learning and innovation

TL;DR: In this paper, the authors argue that the ability of a firm to recognize the value of new, external information, assimilate it, and apply it to commercial ends is critical to its innovative capabilities.
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