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What is Economic Value Creation

Management and Inter/Intra Organizational Relationships in the Textile and Apparel Industry
Results from the difference between “perceived utilities” gained in a transaction and the economic cost of delivering that transaction. Since economic value creation depends on the utilities perceived, it is observer relative and it is not intrinsic. Therefore, it is client/user/consumer-based.
Published in Chapter:
Cultural Identity in the Productive Matrix: A Challenge for Ecuadorian Footwear
Sandra C. Varela (Technical University of Ambato, Ecuador), Jorge L. Santamaría (Technical University of Ambato, Ecuador), and Marcelo Pilamunga (Technical University of Ambato, Ecuador)
DOI: 10.4018/978-1-7998-1859-5.ch009
Abstract
The revolution in Ecuadorian shoe industry represents a big challenge because of the proliferation of imported products. This tariff advantage put the Ecuadorian entrepreneurs in a comfort zone, evidencing a stagnation in the evolution of products with differentiation strategies in opposition to globalized products. To this problem are added limiting factors such as raw materials and imported inputs. The current work studies the situation of the Ecuadorian entrepreneurs of the National Camera of Footwear in the Tungurahua province in order to know its reality and determine strengths and weaknesses of the sector and strategies to promote the productive matrix of Ecuador. The research exposes the impact that a proposed product can have from a strategic vision of differentiation through sustainability of Ecuadorian footwear.
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Implementation of a Social Innovation Model for Economic Value Creation
The act of creating wealth in a particular context and in a period of time.
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