Question: To answer the prompts, refer to the articles Configuring Value for Competitive Advantage: On Chains, Shops, and Networks and Value Co - production: Intellectual Origins
To answer the prompts, refer to the articles "Configuring Value for Competitive Advantage: On Chains, Shops, and Networks" and "Value Coproduction: Intellectual Origins and Implications for Practice and Research".
Household items such as furniture office and home bicycles, exercise equipment, and so on can be purchased in traditional completely constructed form from retail stores. Companies like IKEA and FloydLinks to an external site. have been quite successful in supplying DIY doityourself, or assembly required versions in specific market sectors To remain competitive, organizations that provide DIY alternatives have redesigned their operations processes to develop and enhance the value of their products and services.
Respond to the following prompts.
Discuss with examples how DIY product companies can use value chain configuration to create value for their customers?
Discuss with examples two drawbacks of adopting value coproduction models for DIY product makers?
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