Value capture dynamics – opportunity-driven changes

Najda-Janoszka, Marta (2020): Value capture dynamics – opportunity-driven changes. Published in: Contemporary organisation and management. Challenges and trends (2020): pp. 49-61.

Abstract

The study addresses the gap in the research concerning the dynamics of the value capture process. The aim is to enhance the understanding of the dynamics of value appropriation by identifying those decision-making practices and strategic behaviours that are entrepreneurial in nature. The conceptual discussion is supported by the empirical research governed by a multiple case design. The longitudinal study generated valuable insights into the processual character of value appropriation, as well as into its variable, not always linear, occurrence with value creation. The collected data provide rich evidence of opportunity-driven changes in the value capture action lines.

• Item Type: MPRA Paper
• Language: English
• Keywords: entrepreneurial orientation, value capture, value appropriation, opportunity
• Subjects: L - Industrial Organization > L1 - Market Structure, Firm Strategy, and Market Performance > L14 - Transactional Relationships ; Contracts and Reputation ; Networks; L - Industrial Organization > L2 - Firm Objectives, Organization, and Behavior > L24 - Contracting Out ; Joint Ventures ; Technology Licensing; O - Economic Development, Innovation, Technological Change, and Growth > O3 - Innovation ; Research and Development ; Technological Change ; Intellectual Property Rights > O33 - Technological Change: Choices and Consequences ; Diffusion Processes

References

Anderson B.S., Kreiser, P.M., Kuratko, D.F., Hornsby, J.S., Eshima, Y. et al., Reconceptualising entrepreneurial orientation, “Strategic Management Journal” 2015, no. 36, pp. 1579–1596.

Arbussa A., Coenders G., Innovation activities, use of appropriation instruments and absorptive capacity: Evidence from Spanish firms, “Research Policy” 2007, no. 36, pp. 1545–1558.

Blyler M., Coff R.W., Dynamic capabilities, social capital, and rent appropriation: ties that split pies, “Strategic Management Journal” 2003, no. 7, pp. 677–686.

Coff R.W., The co-evolution of rent appropriation and capability development, “Strategic Management Journal” 2010, no. 7, pp. 711−733.

Covin J.G., Slevin D.P., A conceptual model of entrepreneurship as firm behavior, “Entrepreneurship: Theory and Practice” 1991, no. 16, pp. 7–25.

Czakon W., Sieci w zarządzaniu strategicznym, Wolters Kluwer Polska, Warszawa 2012.

Di Gregorio D., An integrative, multi-level model of value creation and value appropriation, “Journal of Applied Business and Economics” 2013, vol. 15, no. 1, pp. 39−53.

Dyduch W., Value creation and capture in entrepreneurial organizations, “Management Issues” 2016, vol. 14, no. 3, pp. 11–23.

Ellegaard C., Medlin, Ch.J., Geersbro, J., et al., Value appropriation in business exchange – literature review and future research opportunities, “Journal of Business & Industrial Marketing” 2014, vol. 29, no. 3, pp. 185–198.

Eshima Y., Anderson B.S., Firm growth, adaptive capability, and entrepreneurial orientation, “Strategic Management Journal” 2017, no. 38, pp. 770–779.

Fischer T., Managing Value Capture: Empirical Analyses of Managerial Challenges in Capturing Value, Gabler Verlag – Springer, Heidelberg 2011.

Ford D., Gadde, L.E., Hakansson, H., Snehota, I., et al., Managing Business Relationships, Wiley & Sons, New York 2011.

Garcia-Castro R., Aguilera R.V., Incremental value creation and appropriation in world with multiple stakeholders, “Strategic Management Journal” 2015, no. 36, pp. 137–147.

Gilbert C.G., Unbundling the Structure of Inertia: Resource Versus Routine Rigidity, “Academy of Management Journal” 2005, vol. 48, no. 5, pp. 741–763.

Grimpe C., Hussinger K., Resource complementarity and value capture in firm acquisitions: the role of intellectual property rights, “Strategic Management Journal” 2014, no. 35, pp. 1762–1780.

Hmieleski K.M., Lerner D.A., The dark triad and nascent entrepreneurship: An examination of unproductive versus productive entrepreneurial motives, “Journal of Small Business Management” 2016, vol. 54, no. S1, pp. 7–32.

Klein P.G., Mahoney, J.T., McGahan, A.M., Pitelis, Ch.N et al., Who is in charge? A property rights perspective on stakeholder governance, “SO! APBOX Special Issue” 2012, vol. 10, no. 3, pp. 304–315.

Leonard-Barton D., Core capabilities and core rigidities: A paradox in managing new product development, “Strategic Management Journal” 1992, no. 13, pp. 111−126.

Lepak D. P., Smith, K.G., Taylor, M.S., et al., Value creation and value capture: a multilevel perspective, “Academy of Management Review” 2007, vol. 32, no. 1, pp. 180–194.

Lieberman M.B. et al., Balasubramanian, N., Garcia-Castro, R., Toward a Dynamic Notion of Value Creation and Appropriation in Firms: The Concept and Measurement of Economic Gain, “Strategic Management Journal” 2018, no. 6, pp. 1546–1572.

Makadok R., Coff R., The theory of value and the value of theory: Breaking new ground versus reinventing the wheel, “Academy of Management Review” 2002, vol. 27, no. 1, pp. 10–13.

March J.G., Shapira Z., Managerial perspectives on risk and risk-taking, “Management Science” 1987, no. 33, pp. 1404–1418.

Mazur K., Tworzenie i przywłaszczanie wartości: perspektywa relacji: pracownik – organizacja, Oficyna Wydawnicza Uniwersytetu Zielonogórskiego, Zielona Góra 2011.

Moran P., Ghoshal, S., Value creation by firms, “Proceedings of the Academy of Management” 1997, pp. 41–45.

Najda-Janoszka M., Dynamic capability-based approach to value appropriation, Jagiellonian University Press, Krakow 2016.

Najda-Janoszka M., Dynamic perspective of value appropriation, “Procedia – Social and Behavioral Sciences” 2016, no. 230, pp. 14–21.

Najda-Janoszka M., Gancarczyk J., Addressing the challenges of industrial transition processes: the case of photovoltaics industry, “Problemy Zarządzania – Management Issues”, vol. 17, no. 1, pp. 42–56.

Wagner S.M., Eggert, A., Lindemann, E. et al., Creating and appropriating value in collaborative relationships, “Journal of Business Research” 2010, no. 63, pp. 840–848.

Yin R.K., Case Study Research. Design and Methods, Sage Publications Inc., Thousand Oaks 2014.