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Introduction to Special Topic Forum: Value Creation and Value Capture: A Multilevel Perspective

David P. Lepak, Ken G. Smith and M. Susan Taylor
The Academy of Management Review
Vol. 32, No. 1 (Jan., 2007), pp. 180-194
Published by: Academy of Management
Stable URL: http://www.jstor.org/stable/20159287
Page Count: 15
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Introduction to Special Topic Forum: Value Creation and Value Capture: A Multilevel Perspective
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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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