Value Creation and Value Capture: A Multilevel Perspective
Abstract
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.
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Value creation for consumers occurs when the value produced by individual actors' efforts exceeds the value complementors capture.
“Value creation for consumers occurs when the value produced by individual actors' efforts exceeds the value complementors capture (Jacobides et al., 2024;Lepak et al., 2007).”
From What role do data network effects play for multihoming complements? An empirical analysis of platform complementors’ strategies for consumer value creation (2025) · cites this paper as Lepak et al., 2007
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- Authors
- Lepak, D. P., Smith, K. G., & Taylor, M. S.
- Affiliations
- Rutgers, The State University of New Jersey (US)
- University of Maryland, College Park (US)
- Venue
- Academy of Management Review
- Publisher
- Academy of Management
- Published
- 2007-01
- Volume
- 32
- Issue
- 1
- Pages
- 180-194
- ISSN
- 0363-7425 (ISSN-L)
- 1930-3807
- OpenAlex
- W2008810867
- Cited by
- 1,489
- References
- 54
- Citations by year
- 2026: 54 · 2025: 65 · 2024: 74 · 2023: 118 · 2022: 112 · 2021: 118 · 2020: 100 · 2019: 110 · 2018: 107 · 2017: 103 · 2016: 88 · 2015: 77 · 2014: 89 · 2013: 73 · 2012: 58
- FWCI
- 114.65
- Type
- journal article
- Language
- en
- Open access
- closed
- Locations
- Academy of Management Review (publishedVersion)
- Topics
- Social Sciences › Business, Management and Accounting › Marketing › Service and Product Innovation
- Social Sciences › Business, Management and Accounting › Organizational Behavior and Human Resource Management › Management and Organizational Studies
- Social Sciences › Business, Management and Accounting › Strategy and Management › Innovation and Knowledge Management
- Keywords
- value creation, value capture, use value, exchange value, multilevel analysis, competition, reproductive barriers
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