The triad value function - theorizing the value potential of connected relationships. (Links to an external site.)

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The triad value function - theorizing the value potential of connected relationships. (Links to an external site.) The Journal of Business & Industrial Marketing, 31(7), 849-860.(Read the case study, Vedel, M. (2016)

In your response, provide a brief summary of the case and discuss one or two key issues such as: what caused these issues and what was the impact? Finally, evaluate any solutions provided and offer your own recommendations.

CASE STUDY Brief (too long to post full):

Purpose

The purpose of the paper is to explicate how the connectedness of relationships results in varying value potentials of triads.

Design/methodology/approach

First connectedness is re-described as an actor-perceived and actor-interpreted phenomenon. The re-description is used to theorize the triad value function. Next, the applicability and validity of the concept is examined in a case study of four closed vertical supply chain triads.

Findings

The case study demonstrates that the triad value function facilitates the analysis and understanding of an apparent paradox; that distributors are not dis-intermediated in spite of their limited contribution to activities in the triads. The results indicate practical adequacy of the triad value function.

Research limitations/implications

The triad value function is difficult to apply in the study of expanded networks as the number of connections expands exponentially with the number of ties in the network. Moreover, it must be applied in the study of service triads and open vertical supply chain triads to further verify the practical adequacy of the concept.

Practical implications

The triad value function cannot be used normatively or prescriptively. It is a descriptive tool that indirectly supports managerial decision-making through the analysis of how the structural context of a triad influences the value of relationships.

Originality/value

The paper offers an additional aspect for the study of value in and of triads. It illustrates that the perceived connectedness of relationships operates as a triad value function, which captures the structural value potential of the triad for a focal actor.