Research on the relationship among resource integration, shared value, and value creation in scenic areas

Zheng-yi Dong, Jin-wen Tang

Article ID: 8502
Vol 8, Issue 9, 2024

VIEWS - 97 (Abstract) 52 (PDF)

Abstract


This study investigates the potential predictors of resource creation behaviours in the Shanxi merchant courtyard scenic areas based on resource dependence theory. The research was conducted in China using questionnaire survey, and data analysis employed structural equation modelling, including mediation and moderation effects. The model was tested using a sample of 376 individual managers from scenic areas. The results show that external resource integration, internal resource integration, and shared value significantly affect resource creation in scenic areas. The findings indicate that shared value plays a significant mediating role in the relationship between resource integration and resource creation, while environmental dynamism significantly moderates this relationship. This study clearly demonstrates the relationship among resource integration, shared value, and value creation in scenic areas. This research contributes to the tourism management literature by identifying gaps and offering a comprehensive perspective to understand resource creation behaviours in the tourism industry.


Keywords


resource integration; shared value; value creation; environmental dynamism; Shanxi merchant courtyard

Full Text:

PDF


References


Agrawal, A., Erbaugh, J., & Pradhan, N. (2023). The commons. Annual Review of Environment and Resources, 48(1), 531–558, http://doi.10.1146/annurev-environ-112320-113509

Ákos, N. (2024). Open value creation for the common good: a comprehensive exploration of social innovation in the context of social enterprises. Social Enterprise Journal, (3), 318–338.

Bański, J. (2022). The Integration of Local Resources in Search of a New Product—on the Example of the Lublin Region (Poland). European Countryside, (4),753–769.

Baron, R. M., & Kenny, D. A. (1986). The moderator-mediator variable distinction in social psychological research: Conceptual, strategic, and statistical considerations. Journal of Personality and Social Psychology, (51),1173–1182.

Bi, H. (2020). A study on the relationship between corporate information technology, dynamic capabilities, and innovation performance [Master’s thesis]. Hefei University of Technology.

Carlisle, S., Johansen, A., & Kunc, M. (2015). Strategic foresight for (coastal) urban tourism market complexity: The case of Bournemouth. Tourism Management.

Casciaro, T., & Piskorski, M. J. (2005). Power Imbalance, Mutual Dependence, and Constraint Absorption. A Closer Look at Resource Dependence Theory. Administrative Science Quarterly, (2), 167–199.

Cassiman, B., & Valentini, G. (2016). Open innovation: Are inbound and outbound knowledge flows really complementary? Strategic Management Journal, (6),1034–1046.

Castaneda, D. L. (2020). Knowledge sharing and innovation. A systematic review. Knowledge and Process Management, (3), 159–173. https://doi.org/10.1002/kpm.1637

Chuang, S., & Lin, H. (2015). Co-creating e-service innovations: Theory, practice, and impact on firm performance. International Journal of Information Management, (3).

Coccorese, P., & Pellecchia, A. (2006). Local Tourism Features in Italy. A Binomial Logit Analysis. Tourism Economics, (4), 565–583.

Desa, G., & Basu, S. (2013). Optimization or Bricolage? Overcoming Resource Constraints in Global Social Entrepreneurship. Strategic Entrepreneurship Journal, (1).

Dess, G. G., & Bearddw, D. W. (1984). Dimensions of organizational task environments. Administrative Science Quarterly, 29(1), 52–73.

Faudziah, H. F., Hasnah, H., & Muhamad, J. (2005). Internal auditing practices and internal control system. Managerial Auditing Journal, (8).

Francesco, C. A. P., & Ivan, S. (2010). Assembling resources when forming a new business. Journal of Business Research, (2), 220–229.

Guo, Y. F., & Yi, L. P. (2024). Research on the integration path of regional tourism resources based on the symbiosis theory. Market Weekly, (13), 58-61+133.

Gummesson, E., & Mele, C. (2010). Marketing as Value Co-creation Through Network Interaction and Resource Integration. Journal of Business Market Management, (4), 181–198.

Haunschild, P. R., & Beckman, C, M. (1998). When do interlocks matter? Alternate sources of information and interlock influence. Administrative Science Quarterly, 43(4).

Hayes, A. F. (2015). Hacking PROCESS for estimation and probing of linear moderation of quadratic effects and quadratic moderation of linear effects. Unpublished White Paper, (1), 1–44.

Huang, B., Song, J., Xie, Y., et al. (2022). The Effect of Big Data Analytics Capability on Competitive Performance: The Mediating Role of Resource Optimization and Resource Bricolage. Frontiers in psychology.

Isabelle, M. M. J., Reymen., Petra, A., et al. (2015). Understanding Dynamics of Strategic Decision Making in Venture Creation. A Process Study of Effectuation and Causation. Strategic Entrepreneurship Journal, (4).

Khanuw. (2012). Perceived Management Support and Training Effectiveness for Employees. LAP LAMBERT Academic.

Kim, S., Kim, N., Pae, J. H., et al. (2013). Cooperate and compete: Coopetition strategy in retailer-supplier relationships. The Journal of Business & Industrial Marketing, (4).

Kokko, S. (2018). Social entrepreneurship. creating social value when bridging holes. Social Enterprise Journal, 14(4), 410–428.

Lafferty, G., & Fossen, A. van. (2001). Integrating the tourism industry. problems and strategies. Tourism Management, (1), 11–19.

Li, D., & Li, X. (2021). Environmental dynamism, resource assembly, and innovation in small and medium-sized enterprises. Research on Financial, (04), 123–129.

Liao, Y., & Marsillac, E. (2015). External knowledge acquisition and innovation. the role of supply chain network-oriented flexibility and organisational awareness. International Journal of Production Research, 53(18), 5437–5455.

Litavniece, L., Lonska, J., Zvaigzne, A., et al. (2023). Smart tourism in the Baltic states. Current developments and trends. Worldwide Hospitality and Tourism Themes, (5), 486–496.

Liu, Y., Luo, Y., & Liu, T. (2009). Governing buyer-supplier relationships through transactional and relational mechanisms. evidence from China. Journal of Operations Management, 27(4), 294–309.

Long, Y., & Shi, P. P. (2016). Pricing strategies of tour operator and online travel agency based on cooperation to achieve O2O model. Tourism Management.

Lytras, & Patricia, O. (2008). The role of a “make” or internal human resource management system in Spanish manufacturing companies. Empirical evidence. Human Factors and Ergonomics in Manufacturing & Service Industries, (4), 464–479.

Mele, C. (2009). Value logic in network. Sinergie, 16, 217–241.

Pelin, B., Shelby, D. H., & Sreedhar, M. (2021). Coopetitive innovation alliance performance. Alliance competence, alliance’s market orientation, and relational governance. Journal of Business Research.

Poppo, L., & Zenger, T. (2002), Do formal contracts and relational governance function as substitutes or complements? Strategic Management Journal, 23, 707–725.

Toni, H., Tim, H., & David, C. (2012). Service co-creation and value realisation. Journal of Marketing Management, (13–14), 1504–1519.

Ungvarsky, J. (2020), Social innovation, Salem Press Encyclopedia, Research Starters. Available online: https://discovery.ebsco.com/c/n3fo33/viewer/html/s7u3w5p23v (accessed on 15 March 2023).

Valentinas, N., & Asta, M. (2009). The Possibilities for the Identification and Evaluation of Tourism Sector Competitiveness Factors. Inzinerine Ekonomika-Engineering Economics, (1), 37–44.

Vargo, S. L., & Lusch, R. F. (2016). Institutions and axioms: an extension and update of service-dominant logic. Journal of the Academy of Marketing Science, (1).

Wu, F., & Cavusgil, S. T. (2005). Organizational learning, commitment, and joint value creation in interfirm relationships. Journal of Business Research, (1).

YoshiAbe, Tod, J., Piotr, N., et al. (2024). Bricolage or breakthrough? Entrepreneurial responses to tourism development in a regional tourism destination. Singapore Journal of Tropical Geography, (2), 247–269.

Zaional, N. R., Zainol, F. A., Ibrahim, Y., et al. (2019). Scaling up social innovation for sustainability. the roles of social enterprise capabilities. Management Science Letters, 457–466.




DOI: https://doi.org/10.24294/jipd.v8i9.8502

Refbacks

  • There are currently no refbacks.


Copyright (c) 2024 Zheng-yi Dong, Jin-wen Tang

License URL: https://creativecommons.org/licenses/by/4.0/

This site is licensed under a Creative Commons Attribution 4.0 International License.