01702nas a2200229   4500008004100000022001400041245008600055210006900141260004200210300001000252490000600262520099500268653001601263653003201279653002301311653001901334100001701353700001901370700002401389700002201413856003701435       2016                        eng d  a1927-032100aValue Network Design for Innovations: Developing Alternative Value Network Drafts0 aValue Network Design for Innovations Developing Alternative Valu  aOttawabTalent First Networkc07/2016  a21-330 v63 aInformation technology increasingly permeates established products and services, thereby making them "smart". For companies, this trend necessitates new know-how in unknown fields. Hence, traditional manufacturing companies are increasingly forced to cooperate with new players within new value networks. In contradiction to value chains, value networks oftentimes exhibit no clear hierarchies and are characterized by rather weak ties between the participating players. For a company that wants to create smart products or services, the key challenge is arranging the value network such that the customer obtains a unique value while all participants profit from their engagement. In doing so, companies have to find new partners (companies, research institutes, etc.). In this article, we present a methodology to design value networks for innovations, including approaches to identify necessary competences, find suitable partners, and bundle them to powerful alternative value networks.10ainnovations10ainter-company collaboration10aInternet of Things10avalue networks1 aKage, Martin1 aDrewel, Marvin1 aGausemeier, Jürgen1 aSchneider, Marcel  uhttp://timreview.ca/article/1002