Value Creation and Value Capture: A Multilevel Perspective

As an introduction to the special issue topic of value creation, we define value creation in terms of use value and exchange value and discuss some of the key issues related to its study, including the topic of value capture. Although the definition of value creation is common across levels of analy...

Full description

Saved in:
Bibliographic Details
Published inThe Academy of Management review Vol. 32; no. 1; pp. 180 - 194
Main Authors Lepak, David P, Smith, Ken G, Taylor, M Susan
Format Journal Article
LanguageEnglish
Published Briarcliff Manor Academy of Management 01.01.2007
Subjects
Business management
Business organization
Business studies
Competition
Organization theory
Organizational behavior
Strategic management
Studies
Value
Value added
Value creation
Online AccessGet full text

Cover

More Information
Summary:As an introduction to the special issue topic of value creation, we define value creation in terms of use value and exchange value and discuss some of the key issues related to its study, including the topic of value capture. Although the definition of value creation is common across levels of analysis, the process of value creation will differ based on whether value is created by an individual, an organization, or society. We use the concepts of competition and isolating mechanisms to explain how value can be captured at different levels of analysis. [PUBLICATION ABSTRACT]
Bibliography:ObjectType-Article-2
SourceType-Scholarly Journals-1
ObjectType-Feature-1
content type line 23
ISSN:0363-7425
1930-3807
DOI:10.5465/AMR.2007.23464011