Wikipedia defines Value Networks as complex sets of social and technical resources. They work together via relationships to create economic value. This value takes the form of knowledge, intelligence, a product (business), services, innovation or social good.

Examples of business value networks are research, development, design, production, marketing, sales, organizational learning, procurement and distribution (business).

Value networks exhibit interdependence. They account for the overall worth of products and services. Companies have both internal and external value networks. External facing networks include customers or recipients, intermediaries, stakeholders, complementers, open innovation networks and suppliers. Internal value networks focus on key activities, processes and relationships that cut across internal boundaries, such as order fulfillment, innovation, lead processing, or customer support.

Value is created through exchange and the relationships between roles. Value network operate in public agencies, civil society, in the enterprise, institutional settings, and all forms of organization. Value networks advance innovation, wealth, social good and environmental well-being.

The Value Network approach is all about relationships between people in their various roles, not about the systems that supposedly are in place. In examining these roles and the transactions they participate in, one focuses on the human element and the realities of system behavior, not delusional fantasies about how things are supposed to work on paper.

This methodology is truly on the cutting edge of knowledge management and organizational behavior. It is foreign to most business experts, as are many of the enlightened principles associated with it.

The methodology provides insight that opened up many new ways of thinking about business - and perhaps even thinking about the emerging Relationship Economy. Do you think IBMs recent release was centered around the concept of value Networks? How about your own network, how much value exist?

What say you?

For the last three years I have been consumed with learning the emerging market of social networking. I have studied numerous platforms, features, functions and the markets behavior. My analysis and findings led me to believe that this space has tremendous potential for individuals, companies and entire industries. There is an art and science to social networking that requires constant learning as the market matures. To read more about my discoveries and findings check out my blog.

From 2000 to 2005 I was Chairman of XSVoice, a mobile application company that provided technology for live and on demand audio broadcast to mobile devices. We partnered with Sprint/Nextel and provided services to such media companies as NASCAR, Disney, ESPN, hundreds of internet radio stations, provided Homeland Security Alerts, Comedy broadcast, Horoscopes and a host of other premium mobile content. XSVoice was bought by a public firm in Jan of 2006.

From 1992 to 2000 I was Chairman of a management consulting firm which performed strategic consulting services for numerous firms in a variety of i

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