The solution to modern society’s wicked problems lies in collaborative efforts that extend beyond traditional boundaries of public, private and plural sectors, i.e. in hybrid organizational settings. For example, tackling societal problems, a collaborative knowledge sharing strategy can be shaped in the form of a Knowledge Management (KM) strategy that can enable to gain competitive advantage of organizations. Given the challenges of modern society, it is crucial to develop pertinent knowledge sharing strategies and associated collaboration activities to capture and integrate different stakeholder perspectives to create real organizational value. Capturing the most potential values from value co-creation (VCC) requires the integration of steps from different approaches because VCC can happen through effective knowledge sharing in organizations. Thus, this study conducts a short review to develop an understanding of the existing literature frameworks and approaches of VCC and illuminate the knowledge sharing perspectives in VCC research. This study offers following theoretical contributions to VCC from the perspective of knowledge sharing strategies. Firstly, this study provides a holistic view of VCC from the relevant value dimensions of knowledge sharing strategies and elements of collaboration activities from stakeholder perspective in hybrid settings. Secondly, this study enriches the VCC research by building on the current understanding on the role of knowledge sharing strategies in VCC. In this work-in-progress paper, a literature review of collaborative knowledge sharing strategies and especially the role of knowledge sharing in the value co-creation in multiple sectors and contexts are examined. The importance of value dimensions, such as collaborative knowledge sharing strategies and value elements as collaboration activities in VCC processes for all stakeholders, is highlighted by our study. However, the value elements and dimensions that have been considered need to undergo testing and validation across various research streams.