Cited by 1,489Service and Product InnovationManagement and Organizational StudiesInnovation and Knowledge Management

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Value Creation and Value Capture: A Multilevel Perspective

Lepak, David P., Smith, Ken G., Taylor, M. Susan·2007·Academy of Management Review

DOI 10.5465/amr.2007.23464011

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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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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
DOI: 10.5465/amr.2007.23464011
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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Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.

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Value Creation and Value Capture: A Multilevel Perspective

Abstract

Overview

Integrity signals

Verification

Claims the paper makes

Claims other papers make about this one

Citations

Cites

Cited by

Related

Metadata

Record

About these checks