Research summary: This article provides the first review of a growing line of scholarly work
in strategy that we refer to as “value capture theory.” The common thread in this work is its …

The authors review the progress of three rapidly growing macro management literatures—in
technology innovation, entrepreneurship, and strategic management—that have in common …

When and how can supply chain management (SCM) be a source of long‐term competitive
advantage for the firm? We revisit and update arguments recently advanced by Hunt and …

We explore the overlooked issue of how certain strategic-level, interindustry diversification
options might increase consumer utility. Discussions of inter-industry diversification typically …

Business researchers have a growing interest in value creation perspectives to firm strategy.
The present article provides a novel examination of the financial performance implications of …

The single-minded pursuit of a short-term shareholder value maximization “mantra” by top
managers often results in long-term value destruction for shareholders. We explain this …

This paper uses biform games to examine the endogenous decision to invest in relationship‐
specific assets. It addresses the questions of how competition affects suppliers' decisions to …

We take a step beyond the resource‐based view that resource characteristics (ie, valuable,
rare, inimitable and non‐substitutable) are the sole basis for isolating mechanisms. Instead …

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 …

The new perspective emerging from strategy's value-capture stream is that the effects of
competition are twofold: competition for an agent bounds its performance from below, while …