Introduction to the Co-Creation Paradigm
Propelled by advances in global communication and information technologies, the nature of interactions among individuals and their environments has been changing rapidly, driving an ongoing metamorphosis of value creation in business, economy, and society. The centrality of personal and collective agency with the advent of the Web and the progression of new mobile technologies has accelerated the generation of data through interactions, the communication and exchange of information, and the democratization of value creation. Individuals—whether customers, employees, suppliers, partners, financiers, or citizens at large—are playing out their different interests from both within and outside of traditional enterprises. Nongovernmental and social organizations are taking increasingly assertive roles vis-à-vis corporations. Citizens and communities are engaging local and national governments in the deliberation of policies and the delivery of services. In all these cases, individuals are attempting to push through previously impervious institutional boundaries to express their various demands and expectations. In other words, individuals as active stakeholders want to be more intensively engaged in value creation than ever before.
What is the significance of this new age of engagement?