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Service Science and Management 服务科学和管理, 2016, 5(1), 1-10
Published Online January 2016 in Hans. /journal/ssem
/10.12677/ssem.2016.51001
A Critical Review on Value Co-Creation:
Connotations, Evolution and Mechanisms
Yazhong Yuan, Guanjing Hu*
School of Geography and Tourism, Guangdong University of Finance and Economics, Guangzhou Guangdong
th th th
Received: Dec. 15 , 2015; accepted: Jan. 9 , 2016; published: Jan. 12 , 2016
Copyright © 2016 by authors and Hans Publishers Inc.
This work is licensed under the Creative Commons Attribution International License (CC BY).
/licenses/by/4.0/
Abstract
As a new pattern of value creation, value co-creation has become one of the hot topics in the do-
mestic and foreign academic circles in recent years, many researchers have been carrying on it
from many perspectives. From the existing research literature, however, the concept of value
co-creation is still vague, the research content is complex and the definition is not clear, its ante-
cedents, consequences and formation mechanisms have not yet formed a general consensus. Based
on the literature review, the connotation of value co-creation is explained first, and its status and
function from three types of dominant logic are combed. Second, three types of research para-
digms on value co-creation are analysed comparatively, and the formation mechanisms of value
co-creation is presented. Finally, we propose the directions for future research by summarizing
the shortcomings of the current research.
Keywords
Value Co-Creation, Goods-Dominant Logic, Service-Dominant Logic, Customer-Dominant Logic,
Formation Mech
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