Qualitative Value Profiling

A Reassessment

Research output: Chapter in Book/Report/Conference proceedingArticle in proceedingsResearchpeer-review

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Abstract

Qualitative value profiling (QVP) is a relatively unknown method of strategic analysis for companies in international business-to-business settings. The purpose of QVP is to reduce the information complexity that is faced by international companies in dealing with business partners. The QVP method allows the development of 1) profiles of the target country in which operations are to take place, 2) profiles of the buying center (i.e. the group of decision makers) in the partner company, and 3) profiles of the product/service offering. It also allows the development of a semantic scaling method for deeper analysis of all involved factors. This paper presents the method and compares and contrasts it with other similar methods like the PESTELE method known from corporate strategy, the STEEPAL method known from scenario analysis, and the Politics-Institutions-Economy (PIE) framework known from International Business. This comparison suggests that QVP on most accounts provides deeper insights than alternative methods and thus lays the foundation for better strategic planning in international business-to-business markets. Hence, it is a valuable addition to the toolbox of business strategists and consequently, for the advancement of international development. Further use of QVP is recommended and suggestions for future research are provided.
Original languageEnglish
Title of host publicationEconomic and Social Development. Book of Proceedings : 11th International Scientific Conference on Economic and Social Development – Building Resilient Society
EditorsAnte Vuletic, Rebeka Danijela Vlahov, Igor Pihir
Number of pages10
Place of PublicationVarazdin
PublisherVarazdin Development and Entrepreneurship Agency
Publication date2015
Pages292-301
Publication statusPublished - 2015
EventThe 11th International Scientific Conference on Economic and Social Development: Building Resilient Society - Zagreb, Croatia
Duration: 17 Dec 201518 Dec 2015
Conference number: 11
http://www.esd-conference.com/ZGIndex.html

Conference

ConferenceThe 11th International Scientific Conference on Economic and Social Development
Number11
CountryCroatia
CityZagreb
Period17/12/201518/12/2015
Internet address
SeriesEconomic and Social Development
Volume11
ISSN1849-6903

Keywords

  • Business-to-Business marketing
  • Corporate strategy
  • International business
  • International development
  • Qualitative value profiling

Cite this

Duus, H. J., & Bjerre, M. (2015). Qualitative Value Profiling: A Reassessment. In A. Vuletic, R. D. Vlahov, & I. Pihir (Eds.), Economic and Social Development. Book of Proceedings: 11th International Scientific Conference on Economic and Social Development – Building Resilient Society (pp. 292-301). Varazdin: Varazdin Development and Entrepreneurship Agency. Economic and Social Development, Vol.. 11
Duus, Henrik Johannsen ; Bjerre, Mogens. / Qualitative Value Profiling : A Reassessment. Economic and Social Development. Book of Proceedings: 11th International Scientific Conference on Economic and Social Development – Building Resilient Society. editor / Ante Vuletic ; Rebeka Danijela Vlahov ; Igor Pihir. Varazdin : Varazdin Development and Entrepreneurship Agency, 2015. pp. 292-301 (Economic and Social Development, Vol. 11).
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title = "Qualitative Value Profiling: A Reassessment",
abstract = "Qualitative value profiling (QVP) is a relatively unknown method of strategic analysis for companies in international business-to-business settings. The purpose of QVP is to reduce the information complexity that is faced by international companies in dealing with business partners. The QVP method allows the development of 1) profiles of the target country in which operations are to take place, 2) profiles of the buying center (i.e. the group of decision makers) in the partner company, and 3) profiles of the product/service offering. It also allows the development of a semantic scaling method for deeper analysis of all involved factors. This paper presents the method and compares and contrasts it with other similar methods like the PESTELE method known from corporate strategy, the STEEPAL method known from scenario analysis, and the Politics-Institutions-Economy (PIE) framework known from International Business. This comparison suggests that QVP on most accounts provides deeper insights than alternative methods and thus lays the foundation for better strategic planning in international business-to-business markets. Hence, it is a valuable addition to the toolbox of business strategists and consequently, for the advancement of international development. Further use of QVP is recommended and suggestions for future research are provided.",
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author = "Duus, {Henrik Johannsen} and Mogens Bjerre",
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Duus, HJ & Bjerre, M 2015, Qualitative Value Profiling: A Reassessment. in A Vuletic, RD Vlahov & I Pihir (eds), Economic and Social Development. Book of Proceedings: 11th International Scientific Conference on Economic and Social Development – Building Resilient Society. Varazdin Development and Entrepreneurship Agency, Varazdin, Economic and Social Development, vol. 11, pp. 292-301, Zagreb, Croatia, 17/12/2015.

Qualitative Value Profiling : A Reassessment. / Duus, Henrik Johannsen; Bjerre, Mogens.

Economic and Social Development. Book of Proceedings: 11th International Scientific Conference on Economic and Social Development – Building Resilient Society. ed. / Ante Vuletic; Rebeka Danijela Vlahov; Igor Pihir. Varazdin : Varazdin Development and Entrepreneurship Agency, 2015. p. 292-301 (Economic and Social Development, Vol. 11).

Research output: Chapter in Book/Report/Conference proceedingArticle in proceedingsResearchpeer-review

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AU - Bjerre, Mogens

PY - 2015

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AB - Qualitative value profiling (QVP) is a relatively unknown method of strategic analysis for companies in international business-to-business settings. The purpose of QVP is to reduce the information complexity that is faced by international companies in dealing with business partners. The QVP method allows the development of 1) profiles of the target country in which operations are to take place, 2) profiles of the buying center (i.e. the group of decision makers) in the partner company, and 3) profiles of the product/service offering. It also allows the development of a semantic scaling method for deeper analysis of all involved factors. This paper presents the method and compares and contrasts it with other similar methods like the PESTELE method known from corporate strategy, the STEEPAL method known from scenario analysis, and the Politics-Institutions-Economy (PIE) framework known from International Business. This comparison suggests that QVP on most accounts provides deeper insights than alternative methods and thus lays the foundation for better strategic planning in international business-to-business markets. Hence, it is a valuable addition to the toolbox of business strategists and consequently, for the advancement of international development. Further use of QVP is recommended and suggestions for future research are provided.

KW - Business-to-Business marketing

KW - Corporate strategy

KW - International business

KW - International development

KW - Qualitative value profiling

KW - Business-to-Business marketing

KW - Corporate strategy

KW - International business

KW - International development

KW - Qualitative value profiling

M3 - Article in proceedings

SP - 292

EP - 301

BT - Economic and Social Development. Book of Proceedings

A2 - Vuletic, Ante

A2 - Vlahov, Rebeka Danijela

A2 - Pihir, Igor

PB - Varazdin Development and Entrepreneurship Agency

CY - Varazdin

ER -

Duus HJ, Bjerre M. Qualitative Value Profiling: A Reassessment. In Vuletic A, Vlahov RD, Pihir I, editors, Economic and Social Development. Book of Proceedings: 11th International Scientific Conference on Economic and Social Development – Building Resilient Society. Varazdin: Varazdin Development and Entrepreneurship Agency. 2015. p. 292-301. (Economic and Social Development, Vol. 11).