**Preface to "Sustainable Value Management–New Concepts and Contemporary Trends"**

Nowadays, sustainable value is an important determinant of the development of modern organizations. It has become an increasingly important element not only of the survival strategy but also of long-term success. The contemporary approach to value management is evolving. Previous work on the value-based management concept was focused on creating value for shareholders, the primary beneficiaries of the value created. This approach met with wide criticism, especially after the experience of the global economic crisis in the financial and banking markets, which peaked in 2008–2009, triggered by the collapse of the high-risk mortgage loan market in the United States. Concepts of a more balanced approach to management and investment appeared. The trend of a sustainability approach to management based on the assumptions of the triple bottom line, corporate social responsibility, sustainable business models and other concepts has been growing for many years. There is evidence that the concept of sustainability has become a paradigm. In this respect, there is a need to understand the new approach to the concept of value not only in the context of investment processes but also in the value exchange approach. The value literature has evolved from a focus on resource exchange and value in exchange to an emphasis on resource integration and value in use. This changing perspective triggered a fresh view of the customer value proposition, understood as a strategic tool for communicating how a company aims to propose value to customers. If an organization's success is dependent on conducting a dialogue with all key stakeholders, then the value provided should be sustained. Value should provide reasons for the monetization of the business model and should create a social effect that will prevent factors that could hinder the capture of value from the market. Creating sustainable value is a process that takes into account the factors resulting not only from the contractual approach but also, in particular, from the relational approach. The purpose of this book is to present the results of research into the current trends and challenges related to the sustainable value management concept. This issue requires extensive research and analysis. On the basis of the above-mentioned assumptions, the key issues to answer are the following: How should enterprises, including their business models, be shaped so that they are able to generate sustainable value? How should sustainable value be defined? Which scientific concepts and practical experience should form the basis of a theory of sustainable value? How can the creation of sustainable value influence the success of enterprises? Can sustainable value be created, delivered, captured and appropriated to a similar degree? How does co-creating value affect sustainable value? How should sustainable value be interpreted in capital markets? Can creating sustainable value affect the migration of values to capital/financial markets? How can sustainable value be effectively managed? Can sustainable value also exist in the public sector? If so, how should it be defined there? How is sustainable value understood in various sectors of the economy? The work in this book answers these questions, taking into account the various approaches and contexts of the global economy. We are grateful to the authors of individual chapters for their commitment in answering this range of important questions for the development of sustainability issues.

#### **Dariusz Zarzecki, Marek Jabło ´nski**

*Special Issue Editors*
