Work

The co-creation of value by public and private actors in the front end of urban development projects

Year: 2023

Type: article

Abstract: This study focuses on the co-creation of value in the front end of urban development projects (UDPs) established by coalitions of public and private actors to develop specific urban premises or areas. Creating value in UDPs calls for collaboration between municipal actors and private companies, specifically in the front end phase, during which major design decisions are made. This qualitative case study builds on data collected through 27 semi-structured interviews in a middle-sized city in Finland. Our data analysis resulted in the categorisation of four value co-creation processes involving municipal actors and private companies, namely, zoning, exploring, procuring and negotiating. The study's results offer insights into how value co-creation can be facilitated in UDPs. This study contributes to recent value-creation literature by providing a novel understanding of each value co-creation process, its characteristics and its corresponding co-created values.

Source: International Journal of Project Management

DOI: 10.1016/j.ijproman.2023.102542

Authors: Sebastian Toukola, Tuomas Ahola, Matias Ståhle, Anna af Hällström

Institutions: Tampere University, University of Tampere, Chalmers University of Technology

Language: English

Topic: Public-Private Partnership Projects

Subfield: Strategy and Management

Field: Business, Management and Accounting

Domain: Social Sciences

SDG: Sustainable cities and communities

Open Access status: hybrid

Estimated APC paid: $3,200