Value Creation and Value Capture: A Multilevel Perspective

• Published in: The 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
• Language: English
• 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

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...