Would you like to become a partner of the VCW Lab @ Nova SBE ?


Nova School of Business and Economics
at Nova University of Lisbon, Portugal

About Nova SBE

The Nova School of Business and Economics (NOVA SBE) was established in 1978 as part of Nova University of Lisbon, a public university with over 25,000 students. Over the years, Nova SBE researchers received several EU grants (e.g., Horizon 2020, Horizon, ERC-European Research Council; Asylum, Migration, and Integration Fund; 3HP-3rd Health Program). Nova SBE offers Undergraduate, Master's, Ph.D., MBA, and Executive Education programs.  These programs are consistently ranked among the top business schools in Europe by various educational ranking bodies, such as the Financial Times. Nova SBE aims to develop future leaders who can significantly contribute to society and the global economy.

Nova SBE has a strong global network, with partnerships and exchange programs with top universities worldwide. The school also boasts a solid worldwide alumni network with influential positions in various industries. Nova SBE has several Institutes, Knowledge Centers, and Labs to support this network, such as the Value Creation Wheel Lab (VCW Lab @ Nova SBE).

How can the VCW Lab @ Nova SBE contribute to organizations or consortiums?

The VCW Lab @ Nova SBE offers services within consortia's innovation, co-creation, commercialization, technology transfer, dissemination, and sustainability functions. With the increasing focus of the EC on “go-to-market” and innovation actions in addition to research and inventing, our team can support a consortium’s efforts to find a market and potential buyers for a new product or service. From early-stage business planning and the formulation of a marketing and sales strategy through to the identification of buyers and the organization of sales events, the VCW Lab @ Nova SBE works closely with all project partners to co-create, define, and agree on solutions, supported by expert knowledge, a wealth of project experience, and the powerful VCW-Value Creation Wheel approach to problem-solving. More specifically, the VCW Lab @ Nova SBE can significantly contribute to organizations or consortiums in several ways:

By leveraging the expertise and resources of the VCW Lab @ Nova SBE, organizations, and consortiums can enhance their capacity for innovation, make more informed strategic decisions, and ultimately achieve greater success in their initiatives and projects.


How different is the VCW method from other well-known processes?

The VCW is different from other methods and frameworks (e.g. Design Thinking, Creative Problem Solving, Lean) regarding four major aspects:

Previous and present participation in
EC Consortia

Many of these actions occurred in the context of large European projects (e.g., BETTER, Marine-EO, NextGEOSS, SenSyF) as well as smaller consortia (MyFarm) (Lages et al., 2020, 2023; Lages, 2022). More recently, they have occurred in the context of H2020 NextLand and NextOcean projects.

The VCW Lab @ Nova SBE, powered by the VCW, has been involved in hundreds of projects.

It was involved in numerous European projects and is currently on the Executive Board of two large H2020 projects (NextLand and NextOcean). These projects relate to “Sustainable Value Creation for Space, Land, and Ocean.” The VCW Lab led Work Package 5 (WP5) in both projects, coordinating the Innovation Ecosystem and Tech-Transfer, Commercialization & Sustainability activities. Moreover, the VCW Lab is firmly involved in WP2 (Co-creation actions) and WP6 (Dissemination actions) of both consortia. This is the case with the “Sustainable Value Creation Summit” held at Nova SBE, Cascais, Portugal, in 2023, where there was a wide range of WP5 activities for NextLand and NextOcean projects (Picture 1) and international stakeholders.

Picture 1: Poster for the SVCS- Sustainable Value Creation Summit

The VCW applied to European projects

This tool has been applied across various high-impact projects funded by the European Union program, driving advancements in technology-market transfer, commercialization, and sustainability strategies.


The VCW - Value Creation Wheel

The VCW Lab @ Nova SBE, Nova School of Business and Economics of Universidade Nova de Lisboa (Portugal), is supported by the VCW-Value Creation Wheel. The VCW Method is used for Co-Creation, Innovation, Decision-Making, and Problem Solving (Lages, 2016).

According to Paula Hortinha, ex-CEO of Jerónimo Martins Distribuição (JMD), who was highly engaged in two VCW projects in the fields of Strategy and Marketing/Innovation:

“The VCW is an enabler of decisions which are more considered (allows a broader range of alternatives), more focused and supported (allows the incorporation of filters), and more structured (allows to follow a process). So, it makes decision-making more efficient and effective.”

VCW Impact and Case Studies

The VCW-Value Creation Wheel is used to identify solutions to complex problems through creativity, innovation, and decision-making. It has been developed for close to 30 years and results from nearly three decades of cooperation with companies, executives, scientists, universities, and students worldwide. In contrast to other methodologies, the VCW involves Key Decision Makers in different phases and stakeholders (including potential users) to generate solutions and criteria/filters.

The VCW has been applied in numerous countries and various contexts. It has also been used in hundreds of organizations worldwide (e.g., start-ups, NGOs, public institutions, R&D, universities, SMEs, large companies, and Fortune 500). It has often been applied in different EU projects to help co-create and manage the Innovation Ecosystem. Interestingly, once learned, it is also beneficial to address personal challenges, such as “where to immigrate?”, “what should be my value proposition for the job market?”, “how to find a job?” and “What is the most appropriate type of start-up for my profile?” (Reis-Marques et al., 2019). To find out about the VCW and VCW case studies please watch the following examples:


The VCW Metaframework

The VCW Meta Framework (VCW TIAGO) allows for integrating a wide range of information systems (i.e., the combination of software, hardware, and telecommunication networks to collect data) as well as established tools, methods, and theories. The initial steps of the VCW Meta Framework were given in July 2015, two decades after VCW’s earlier efforts. The initial project, led by the VCW Team member Richard Hartmann at Elecnor Deimos, involved identifying new market applications and business areas using Global Navigation Satellite System – reflectometry (GNSS-R) technology. Since then, more than a dozen EO and space business VCW projects have emerged after this one. Since its early stages, Richard Hartmann, Vânia Fonseca, Márcio Felizardo, Sara Gomes, and Nuno Catarino played a pioneering role in supporting the application and development of the VCW in the EO and Space Business context. Some of these projects received case-study awards (see Picture 2) and some were published in international case studies format (Fonseca et al., 2018; Reis-Marques et al., 2019).

Picture 2: FAE/EDP Case-Studies Awards

The VCW Meta Framework for Creating and Managing Innovation Ecosystems

Since 2015, the VCW Meta Framework (in its earlier versions) has been used to help create and manage large innovation ecosystems while connecting all the partners within the consortium with its external stakeholders (Lages et al., 2020, 2023). Creating and properly managing VCW innovation ecosystems are critical to managing complex tensions and paradoxes within the consortia, such as collaboration management agreements, competition versus cooperation, and tech-push versus market-pull challenges (Lages, 2022).

According to Nuno Catarino of the Elecnor Deimos Group, which oversaw a 10M€ H2020 project, NextGEOSS, involving 27 partners across 13 countries:

“The VCW definitely helped to manage the consortium. In the NextGEOSS, the most important part of the project was to convey the project’s message to the client services. We would not have such a targeted value proposition and public image for the project without the VCW. (…) The VCW had a huge impact.”

Since 2015, the VCW Meta Framework has already been applied in different EU Projects, namely in Earth observation, Blue Economy, and Green Economy areas (e.g., NextGEOSS, NextLand, NextOcean, BETTER, MyFarm, SenSyF, and Marine-EO). In these European projects, the VCW played a critical role in helping to co-create and manage the Innovation Ecosystem.


1. Professional Level

Do you want to elevate your professional activity and create real-world impact using the VCW framework?

Simply ask your AI assistant (like ChatGPT, Claude, CoPilot, Gemini, Perplexity):

"My profession is [insert activity]. How can the VCW - Value Creation Wheel enhance my work?"

"My organization is [insert organization type], and the main challenge we face is [insert challenge]. How can the VCW - Value Creation Wheel help us address and solve this challenge?"

3. Personal Level

What’s your passion? Now, imagine how VCW could amplify it!

Ask your AI assistant:

"My passion is [insert passion]. How can VCW enhance my passion, and how can my passion contribute to the Value Creation Wheel (VCW)?"

2. My Partnership with VCW

Ask your AI assistant:

“I’m eager to explore a partnership with the VCW Lab at Nova SBE to turn my passion into impact. How can I align my expertise with VCW-Value Creation Wheel's leadership, innovation, decision-making, and problem-solving framework?"

Appendices

The VCW Lab @ Nova SBE Team

The team of the VCW Lab @ Nova SBE is led by Professor Luis Filipe Lages (Nova SBE bio). Depending on the number of work packages and resources allocated to the VCW Lab @ Nova SBE, the team of the VCW Lab @ Nova SBE involved in Horizon or joint projects includes:

The Managing Team

The Operational Team


Advisory Board of the VCW Lab

The advisory board is a body that provides very useful and non-binding strategic advice to the management of the VCW Lab.

Professors from Nova SBE form the Advisory Board:

Full Professors

  • Álvaro Ferreira Silva

  • Emanuel Gomes

  • Jorge Braga de Macedo

  • José Albuquerque Tavares

  • Luis Filipe Lages

  • Maria Eugénia Mata

  • Pedro Pita Barros

  • Pedro Gardete

  • Pedro Martins

  • Pedro Neves

  • Roberto Ragozzino

  • Rodrigo Belo

  • Filipa Castanheira

Associate Professors

  • Leonor Rossi

  • Luís Brites Pereira

  • Luis Martinez

  • Milton de Sousa

Assistant Professors

  • Constança Casquinho

  • Leid Zejnilovic

  • Pedro Brinca

  • Sofia Kousi


Bio of Professor Luís Filipe Lages

Luís Filipe Lages is a Full Professor at Nova School of Business and Economics (Ph.D., Warwick University). He was a visiting scholar at Stanford University, LBS, and MIT Engineering School and a visiting faculty member at MIT Sloan School of Management. He is the Director of the VCW Lab @ Nova SBE (powered by the VCW method). The VCW Lab was the recipient of over 1M € in EC funds and has been involved in developing numerous projects in Co-Creation, Innovation, Decision Making, Value Creation, Problem Solving, Sustainability, Space Business and Earth Observation. He is the creator of the VCW-Value Creation Wheel (www.ValueCreationWheel.com), which was applied in several projects and across a wide range of firms, from award-winning start-ups to Fortune 500 companies (https://www.valuecreationwheel.com/business-applications) to solve their daily challenges.

He received several awards, including the "2018 American Marketing Association Research in Excellence Award". This AMA Award recognized his JIBS paper as “an outstanding article published in a widely recognized and highly respected refereed journal that has made a significant contribution to the literature on global marketing in previous ten years.” His work received global media coverage from different outlets, including the Wall Street Journal and Time. Among many others, he has published in the Journal of International Business Studies, Journal of Retailing, International Journal of Operations & Production Management, European Journal of Marketing, Journal of Business Research, Industrial Marketing Management, International Business Review, Journal of International Marketing, International Marketing Review, Journal of International Management, and Tourism Management.

He teaches Innovation, Decision-Making, Value Creation, Marketing Strategy, International Marketing, Creativity, and New Product Development. He served as academic director of the Undergraduate Program at Nova SBE, co-director of the Ph.D. program in management, and director of the Ph.D. program in Tropical Management. 


Publications about the VCW in the Portuguese and Brazilian Media

  • “Os gestores precisam de novas ferramentas”, JE-Jornal Económico (article)

  • “Quer pôr a sua empresa a inovar e a criar valor? Use esta ferramenta de gestão”, Diário Notícias-Dinheiro Vivo (article)

  • “A roda que cria valor para as empresas”, Jornal de Negócios (article)

  • “Marcas apostam nos Velhos do Restelo”, Expresso (article)

  • “VCW: Opiniões Divergentes Promovem a Inovação”, Económico Valor, São Paulo (article)

  • “VCW: Uma ferramenta para tangibilizar intangíveis”, Revista da Fundação Getúlio Vargas, Rio de Janeiro (article)

  • “Value Creation Wheel: Nova metodologia para enfrentar os desafios do século XXI”, Revista do Empreendedor (article)

Supporting material about the VCW

  • How do leaders use the VCW for optimal decision making? video

  • The VCW in 60s: video

  • The 5 phases of the VCW: video

  • Youtube Channel (424 videos): playlists