In business and industrial marketing, upstream and downstream alike, the creation of value is paramount to any company’s survival (Kotler & Keller, 2008) and even more so at a time where dramatic changes in business and industrial marketing’s context are leading to fundamental changes in what companies should be analysing, creating, and delivering (Doyle, 2000; Hunt, 2000). Value has been examined in the marketing management literature (e.g. Albrecht, 1992; Alderson, 1957; J.C. Anderson&Narus, 1999; P. Anderson, 1982; Doyle, 2000; Drucker, 1973; Woodruff, 1997), as well as the purchasing and supply management literature (e.g. Carr & Ittner, 1992; Ellram, 1995; Van Weele, 2001; Wouters, Anderson, & Wynstra, 2005). Two more or less d...