In the preparation phase for the first International Conference in Value Chain Management we are running a Delphi Study with about 20 leading experts from all over the world. After four iterations the experts agreed on what Value Chain Management should be
Value Chain Management seeks to understand, to design and to control the entire network of relevant business partners in order to provide superior customer value and to ensure sustainable economic development of those partners as well as other interest groups.
According to the Delphi Study the most important key challenges which the world economy is facing are
- Meeting short term economic needs but at the same time taking care to ensure that the environment is exploited in such a way that future generations have the same opportunities and chances as we have.
- Coping with the following contrasting issues: the massive gulf between rich and poor; stable versus tense political conditions; well educated and illiterate populations; countries with high debt levels and money lending countries.
- Coping with the unbalanced availability of rescources and demographic and socio-economic developments and environmental changes.
The Value Chain Management initiative tries to contribute to meeting these challenges by addressing essential open questions in Value Chain Management, in particular:
- How to manage the shift from stakeholder self-interest to customer perceived value and sustainable economic development of all relevant partners; how to measure value chain performance and how to share the reward among the partners.
- How to coordinate, control and monitor networks, actors and processes including aspects such as volatility, risk, complexity, intense competition and the pace of market change.
- How the decision making process works in a network which bears in mind the interplay of individual behavioral aspects.
I am convinced that some of these questions will be answered at our first conference in Value Chain Management – and I am convinced that more open questions will arise – so we have enough work for further research and for future conferences.
The Value Chain Management initiative has several initiators and supporters. I would like to say “thank you” to my colleagues in the editorial and scientific boards for ensuring a high quality conference and publication, to all reviewers for their sound feedback to the authors, to all authors and speakers for their fruitful contributions, to the session chairs and discussion moderators for carrying out the conference and to the organization committee for their perfect preparation of the conference and publication.