Open Value Networks

Definition

From http://www.communitywiki.org/odd/SocialSynergy/OpenValueNetwork

Open Value Network(s) expand on Value Networks, by incorporating the possibility to open different processes and exchanges up to a broader base of volunteer, but reciprocated participants.

The Value Network approach seeks to add value to all exchanges in a Value Chain. Including voluntary or traditionally non-compensated participants in Open projects related to business webs.

The Open Value Network approach also seeks to create effective ways for many independent-actor and small group business ventures to create and use OpenValueNetwork models. (http://www.communitywiki.org/odd/SocialSynergy/OpenValueNetwork)

Context

The Value Network definition from the Wikipedia at

"Value networks (value webs), are complex sets of social and technical resources that work together via relationships to create value in the form of knowledge, intelligence, products, services or social good. Included in a company’s value networks are research, development, design, production, marketing, sales, and distribution - working interdependently to add to the overall worth of products and services. Companies also have external facing value networks where value is created from the relationships and interactions between organizations, its customers or recipients, intermediaries, stakeholders, complementors and suppliers. Value network principles apply equally well to public agencies, civil society organizations and other purposeful networks focused on creating economic or social good." (http://en.wikipedia.org/wiki/Value_Network)

More Information

See the related entry on Open Value Metrics.

Related People : Verna Allee