Download or read book Value Creation and Value Capture with Frictions written by Olivier Chatain and published by . This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We use a formal value-based model to study how frictions in the product market affect value creation and value capture. We define frictions as incomplete linkages in the industry value chain that keep some parties from meeting and transacting. Frictions, which arise from search and switching costs, vary across markets and over time as, for example, products commoditize and competition becomes more global. Importantly, frictions moderate the intensity of industry rivalry, as well as the efficiency of the market. We find that firms with a competitive advantage prefer industries with lower levels of frictions than their disadvantaged rivals. We show that the impact of rivalry on industry attractiveness cannot be analyzed independently of other competitive forces such as barriers to entry and buyer bargaining power. We introduce resource development in our model to study the emergence and sustainability of competitive advantage. Firm heterogeneity emerges naturally in our model. We show that the extent of firm heterogeneity falls with the level of frictions, but sustainability increases. Overall, we show that introducing frictions makes value-based models of strategy even more effective at integrating analyses at the industry, firm and resource levels.
Download or read book Managing Value Capture written by Timo Fischer and published by Springer Science & Business Media. This book was released on 2011-08-26 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt: How some firms manage to capture more value than others is a question central to practitioners and researchers alike. In this context, Timo Fischer conducts three empirical studies.
Download or read book Analysis for Value Creation Value Capture written by Michael Herlache and published by CreateSpace. This book was released on 2014-06-05 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Analysis for value creation & value capture
Download or read book Value Based Strategy with Frictions written by Olivier Chatain and published by . This book was released on 2011 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: We extend the formal literature on the value-based foundations of strategy, an approach which seeks to integrate industry-level and firm-level analyses of superior performance. The value-based approach starts with the set of players in an industry value chain and their value creation possibilities based on heterogeneous resources and capabilities and it then links these elements to the performance (value capture) of individual firms. While the received theory assumes frictionless interactions and perfect rivalry, there is a long tradition in strategy that explores the effect of imperfect competition on firm performance. To incorporate imperfect competition, we add a simple friction parameter into value-based analysis that moderates the degree of rivalry in the market, as well as adding a parameter for barriers to entry. We then analyze a variety of classic issues in competitive strategy. We show that the effects of rivalry and barriers to entry on industry attractiveness cannot be analyzed independently. Firm heterogeneity emerges naturally in our setting and depends on the degree of frictions. We find that firms with a competitive advantage prefer industries with lower levels of frictions than their disadvantaged rivals. Overall, we show that introducing frictions makes value-based strategy even more effective at providing an integrated approach to industry-level and firm-level analyses.
Download or read book Value Creation Versus Value Capture written by Cliff Bowman and published by . This book was released on 2001 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Resource-based theory has tended to focus on the development and protection of valuable resources. What determines a valuable resource has received less attention. This paper addresses three related issues concerning value and valuable resources: what is value? how is it created? and who captures it? We have tried here to integrate different strands of the literature to address these questions. First, we argue that a distinction needs to be made between use value, which is subjectively assessed by customers, and exchange value, which is only realized at the point of sale. Second, we argue that the source of new use values is the labour performed by organizational members, and that firm profits can be attributed to this labour. Profit differences between competing firms derive from labour performing heterogeneously across firms. Finally, we argue that value capture is determined by the perceived power relationships between buyers and sellers.
Download or read book Value Creation Versus Value Capture written by Cliff Bowman and published by . This book was released on 1998 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Strategic Management Accounting in a Network Economy written by Wingsun Li and published by Springer Nature. This book was released on with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Organising for Value Creation Strategising for Value Capture written by Florian Homann and published by . This book was released on 2017 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Value Creation Value Assessment and Value Capture from a Managerial Perspective written by Stephan Liozu and published by . This book was released on 2014 with total page 178 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Value Creation Value Capture and Supply Chain Structure written by Paul Skilton and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study uses resource based theory concerning the interplay between value creation and value capture (Priem & Swink, 2012) to explain supply chain structure in a project based industry. Taking this approach has the potential to change the focus of resource based thinking from competition between industry rivals to the tension between buyers and suppliers that structures supply chains. Value creation, which is the function of product market strategy, determines which supplier resources are critical and thus determines which suppliers should be in a position to capture value. When supplier capabilities are critical, buyers have incentives to maintain value creation while structuring the supply chain to reduce supplier power. I test the resulting hypotheses by applying multivariate analysis of variance techniques to data from the worldwide motion picture industry. Because the production companies that make movies enact a variety of product market strategies to create value for consumers, suppliers of visual and special effects have a range of opportunities for value capture. I find support for the hypotheses, suggesting that some buyers structure supply chains in counter-intuitive ways when suppliers have high levels of resource based bargaining power.
Download or read book The Jazz Process written by Adrian Cho and published by Pearson Education. This book was released on 2010-06-08 with total page 458 pages. Available in PDF, EPUB and Kindle. Book excerpt: "An insider’s guide to translating the creative techniques of jazz to the business world.” Scott Berkun, author of The Myths of Innovation What Can Your Team Learn From Jazz Musicians? Experienced jazz musicians apply specific principles to collaborate, execute, and manage change in real time--delivering extraordinary innovation in the face of non-stop pressure and risk. Now, jazz musician and collaboration expert Adrian Cho shows how you can use the same principles to dramatically improve any team’s performance. Cho systematically introduces the Jazz Process and demonstrates how it can help cross-functional teams improve teamwork, innovation, and execution. You’ll learn new ways to encourage and integrate strong individual contributions from passionate and committed practitioners, and give them maximum autonomy while making sure your project’s “music” never degenerates into chaotic “noise.” Through multiple case studies, Cho shows you how high-performance teams achieve their success. • Master five core principles of working in teams: use just enough rules, employ top talent, put the team first, build trust and respect, and commit with passion • Establish a realistic framework for effective, continuous execution • Collaborate more effectively with team members, consumers, customers, partners, and suppliers • Master the essentials of team execution: listening for change, leading on demand, acting transparently, and making every contribution count • Reduce the “friction” associated with collaboration--and increase the synergy • Use form, tempo, pulse, and groove to maintain constructive momentum • Learn about the importance of healthy projects and teams • Innovate by exchanging ideas and taking the right measured risks • For every practitioner, leader, and manager interested in getting better results
Download or read book The Blue Line Imperative written by Kevin Kaiser and published by John Wiley & Sons. This book was released on 2013-01-28 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: A groundbreaking guide to making profitable business decisions Do you wonder why your value initiatives aren't providing the payoff you'd hoped for? Could it be because you've been thinking about value all wrong? According to the authors of this groundbreaking guide, there's a very good chance that you have. Using examples from leading companies worldwide, they explain why every decision a company makes either creates value or detracts from it, and why, if they hope to survive and thrive in today's increasingly competitive global marketplace, company leaders must make value-creation the centrepiece of every business decision. Authors Kaiser and Young have dubbed this approach "Blue-Line Management," (BLM), and in this entertaining, highly accessible book, they delineate BLM principles and practices and show you how to implement them in your company. Explains why the failure to properly define and assess value often makes it difficult for the people who manage businesses to effect long-term success Offers guidelines for making the satisfaction of customer needs and wants—i.e. value creation—the driver of all business activities The authors are respected academics at INSEAD, the world's largest and most respected graduate business school, with campuses in Europe, Asia and the Middle East
Download or read book The Contest for Value in Global Value Chains written by Nachum, Lilac and published by Edward Elgar Publishing. This book was released on 2021-10-15 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: Who captures the value created in global supply chains? How should gaps in value capture among participants be amended and by whom? Focusing on the global apparel supply chain and employing value creation as a yardstick for evaluation of value capture, the book documents distortions in value distribution among global brands, manufacturers, labor, and consumers. It develops a novel approach for correcting for these distortions by creating a market for social justice that is based on interdependence relationships among the participants.
Download or read book Value in Business written by Jeffrey Yi-Lin Forrest and published by Springer Nature. This book was released on 2021-10-22 with total page 514 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book uses a system-based approach to decipher and organize the concepts and conclusions relevant for creating and capturing value in business. It develops a scientific theory based on systems science and logical reasoning that is commonly employed in mathematics and natural science. The resulting new theory focuses on the organizational nature of the world and the organic and holistic feature of human organizations and their interactions. To this end, this book identifies a few axioms, instead of empirical discoveries, on which it reliably constructs the entire theory.
Download or read book Applied Economic Research and Trends written by Nicholas Tsounis and published by Springer Nature. This book was released on with total page 1229 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Value Capture in the Face of Known and Unknown Unknowns written by Kevin A. Bryan and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: A large theoretical literature on value capture following Brandenburger and Stuart Jr. (1996) uses cooperative games under complete information to study how and why firms earn supernormal profits. However, firms often have different information, beliefs, or creative foresight. We extend value capture theory to incomplete information ("known unknowns") or unawareness ("unknown unknowns"), and illustrate some conceptual issues with that extension. Using the case study of Cirque du Soleil, we show how an entrepreneurial firm can profit even when it does not contribute materially to value creation.
Download or read book Value Capture in Disintegrated Value Chains written by Alexander Hoffmann and published by Springer. This book was released on 2015-11-17 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using cooperative game theory, this book shows how bargaining structure affects the distribution of value among the constituent firms of the value chain. Results show that positions in the bargaining structure most conducive to value capture are those where large complementarity gains are realized and split, ideally, among a small number of negotiators. Further, leveraging case studies from the aviation and home appliance industries the author suggests that the bargaining structure can be shaped through by architecture of the value chain and, in turn, through the architecture of the product, and the action of powerful firms to optimize value capture.
