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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Value Creation and Value Capture: A Multilevel Perspective

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