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Business Model Elements, Value Creation and Value Appropriation, and Firm Performance
Type
conference paper
Date Issued
2013-03-21
Author(s)
Abstract
Firms allocate their resources between two fundamental processes of creating value (i.e. innovating, developing products and deliver them) and appropriating value (i..e commercializing products achieving profits in the marketplace). Business models are recognized as novel construct that enables firms to create and capture value and thus to achieve competitive advantage. However research lacks a detailed understanding of the antecedents of value creation and value capture potentials and also about the effect of both of them on firm performance. This paper addresses the open issues. We show that a superior value proposition and superior processes lead to value creation and to superior firm performance. And that a superior revenue model leads to value appropriation and superior firm performance.
Language
English
HSG Classification
contribution to scientific community
Refereed
Yes
Book title
Strategizing Practices from the Outliers: Enabling Big Bang Innovation
Publisher
SMS Strategic Management Society
Publisher place
Chicago
Start page
20
Event Title
SMS Strategic Management Society Special Conference 2013
Event Location
Lake Geneva
Event Date
20.-23.03.2013
Subject(s)
Division(s)
Eprints ID
221659