Strategizing Corporate Entrepreneurship for Value Creation and Value Capture

• Autorzy: Wojciech Dyduch , Mariusz Bratnicki

Warianty tytułu

Potencjał strategiczny i przedsiębiorczość organizacyjna w procesach tworzenia i zatrzymywania wartości

• Języki publikacji: EN

Abstrakty

EN

The purpose of this paper is to look at the sources of value creation in organizations. The paper specifically seeks to determine the relations between strategic potential of the organizations, corporate entrepreneurship and value creation. We present a theoretical framework for understanding the link between strategic processes stimulating innovation and entrepreneurship that we see as the sources of value creation and value capture. We test part of this framework through a survey carried out among enterprises in Poland. The research results suggest, that while strategic potential of organizations and the level of corporate entrepreneurship are strongly correlated, there might be some other mechanisms explaining value creation, than just strategic potential nurturing innovation, or corporate entrepreneurship itself. We address the future research intent by offering a broader framework looking at the contextual factors, and specifically the notion of value creation and value capture as mediators between corporate entrepreneurship and performance. (original abstract)

Celem niniejszego artykułu jest spojrzenie na źródła tworzenia wartości w organizacjach. W szczególności uwaga została skupiona na potencjale strategicznym organizacji ożywiającym generowanie innowacyjnych idei oraz przedsiębiorczości organizacyjnej. Wskazano też na znaczenie budowy takiego potencjału strategicznego, który nie tylko przełoży się na tworzenie wartości, ale także pozwoli zatrzymać lub przechwycić znaczną jej część. W artykule zaprezentowano ramy teoretyczne zarysowujące relacje pomiędzy wymiarami potencjału strategicznego, przedsiębiorczością organizacyjną i wynikami organizacji w postaci wytworzonej wartości. Przedstawiono również fragment badań empirycznych przeprowadzonych wśród organizacji w Polsce, z których wynika, że o ile potencjał strategiczny i przedsiębiorczość organizacyjna są dobrze skorelowane, o tyle sekwencja ta tylko częściowo przekłada się na tworzenie wartości. Sugeruje to, że procesy tworzenia i zatrzymywania wartości w organizacjach powinny być wyjaśniane przez większą liczbę zmiennych. Artykuł jest wynikiem projektu naukowego pt. "Tworzenie i przechwytywanie wartości w organizacjach przedsiębiorczych" finansowanego przez NCN (grant nr 2015/17/B/HS4/00935). (abstrakt oryginalny)

Słowa kluczowe

EN

Entrepreneurship; Value creation; Strategic potential of enterprise; Organisational entrepreneurship

PL

Przedsiębiorczość; Tworzenie wartości; Potencjał strategiczny przedsiębiorstwa; Przedsiębiorczość organizacyjna

• Czasopismo: International Journal of Contemporary Management
• Rocznik: 2018
• Tom: 17
• Numer: nr 1
• Strony: 7--26

Twórcy

autor

Wojciech Dyduch

• University of Economics in Katowice, Poland

autor

Mariusz Bratnicki

• University of Dąbrowa Górnicza

Bibliografia

• Acs, Z.J. & Audretsch, D.B. (2003). Handbook of Entrepreneurship Research. Boston, Dordrecht, London: Kluwer Academic Publishers.
• Afuah, A. (2000). How much do your co-opetitors' capabilities matter in the face of technological change? Strategic Management Journal, 21(3), 397-404.
• Alvarez, S. & Barney, J. (2004). Organizing rent generation and appropriation: Toward a theory of the entrepreneurial firm. Journal of Business Venturing, 19(5), 621-635.
• Amit, R. & Zott, Ch. (2001). Value creation in e-business. Strategic Management Journal, 22, 493-520.
• Anderson, B.S., Kreiser, P.N., Kuratko, D.F., Hornsby, J.S. & Eshima, Y. (2015). Reconceptualizing entrepreneurial orientation. Strategic Management Journal, 36(10), 1579-1596.
• Antoncic, B. & Hisrich, R.D. (2003). Privatization, corporate entrepreneurship and performance: Testing a normative model. Journal of Developmental Entrepreneurship, 8(3), 197-218.
• Balka, K., Raasch, C. & Herstatt, C. (2014). The effect of selective openness on value creation in user innovation communities. Journal of Product Innovation Management, 31(2).
• Barney, J. & Arikan, A. (2001). The Resource-Based View: Origins and Implications. Handbook of Strategic Management. Oxford: Blackwell Publishing.
• Bilton, C. & Cummings, S. (2010). Creative Strategy: Reconnecting Business and Innovation. Chichester: John Wiley and Sons.
• Blyler, M. & Coff, R. (2003). Dynamic capabilities, social capital and rent appropriation: Ties that split pies. Strategic Management Journal, 24(7), 677-686.
• Bowman, C. & Ambrosini, V. (2010). How value is created, captured and destroyed. European Business Review, 22(5), 479-495.
• Brandenburger, A. & Stuart, H. (1996). Value-based business strategy. Journal of Economics & Management Strategy, 5, 5-24.
• Brown, T.E., Davidsson, P. & Wiklund, J. (2001). An operationalization of Stevenson's conceptualization of entrepreneurship as opportunity-based firm behaviour. Strategic Management Journal, 22.
• Chatain, O. & Zemsky, P. (2011). Value creation and value capture with frictions. Strategic Management Journal, 32, 1206-1231.
• Chatain, O. (2010). Value creation, competition, and performance in buyer-supplier relationships. Strategic Management Journal, 32, 76-102.
• Chen, M. & Miller, D. (2015). Reconceptualizing competitive dynamics: A multidimensional framework. Strategic Management Journal, 36(5), 758-775.
• Chen, M.J. & MacMillan, I.C. (1992). Nonresponse and delayed response to competitive moves: The roles of competitor dependence and action irreversibility. Academy of Management Journal, 35, 359-370.
• Chesbrough, H. & Rosenbloom, R.S. (2002). The role of the business model in capturing value from innovation: Evidence from Xerox Corporation's technology spinoff companies. Industrial and Corporate Change, 11(3), 529-555.
• Cooper, R.G. (2011). Winning at New Products. Creating Value Through Innovation. New York: Basic Books.
• DeSarbo, W.S., Di Benedetto, C.A., Song, M. & Sinha, I. (2005). Revisiting the miles and snow framework: Uncovering interrelationships between strategic types, capabilities, environmental uncertainty and firm performance. Strategic Management Journal, 26, 47-74.
• Ethiraj, S.K., Kale, P., Krishnan, M.S. & Singh, J.V. (2005). Where do capabilities come from and how do they matter? A study in the software industry. Strategic Management Journal, 26(1), 25-45.
• Fischer, T. (2011). Managing Value Capture. Heidelberg: Gabler Verlag-Springer.
• Foss, N.J. & Lindenberg, S. (2013). Microfoundations for strategy: A goal-framing perspective on the drivers of value creation. Academy of Management Perspective, 27(2), 85-102.
• Garcia-Castro, R. & Aguilera, R.V. (2015). Incremental value creation and appropriation in a world with multiple stakeholders. Strategic Management Journal, 36, 137-147.
• Gauthier, C. (2014). Creating value while avoiding its destruction through R&D management and innovation. R&D Management, 44(2), 171.
• Gelei A. (2012). Capability-based value creation in Hungarian automotive supply chains. The IMP Journal, 6(2), 135-153.
• George, B.A. (2011). Entrepreneurial orientation: Theoretical and empirical examination of the consequences of differing construct representations. Journal of Management Studies, 48, 1291-1313.
• Germany, R. & Muralidharan, R. (2001). The three phases of value capture: Finding competitive advantage in the information age. Strategy & Business, 1(22), 1-19.
• Grimpe, Ch. & Hussinger, K. (2013). Resource complementarity and value capture in firm acquisitions: The role of intellectual property rights. Strategic Management Journal, 35, 1762-1780.
• Helfat, C.E. (1997). Know-how and asset complementarity and dynamics capability accumulation: The case of R&D. Strategic Management Journal, 18(5), 339-360.
• Hoffmann, A. & Henkel, J. (2015). Value capture in hierarchically organized value chains. Academy of Management Proceedings, January 2015 (Meeting Abstract Supplement), 14194.
• Hornsby, J.S., Kuratko, D.F., Holt, D.T. & Wales, W.J. (2013). Assessing a measurement of organizational preparedness for corporate entrepreneurship. Journal of Product Innovation Management, 30(5), 937-955.
• Horth, D.M. & Vehar, J. (2014). Becoming a leader who fosters innovation (white paper). Center for Creative Leadership, 2-25.
• James, S.D., Leiblein, M.J. & Lu, S. (2013). How firms capture value from their innovations. Journal of Management, 39(5), 1123-1155.
• Johns, J. (2005). Video games production networks: Value capture, power relations and embeddedness. Journal of Economic Geography, 6, 151-180.
• Kivleniece, I. & Quelin, B.V. (2012). Creating and capturing value in public-private ties: A private actor's perspective. Academy of Management Review, 37(2), 272-299.
• Kraemer, K.L., Linden, G. & Dedrick J. (2008). Capturing value in global networks: Apple's iPad and iPhone. Industry Studies 2008 Annual Conference, Boston, MA.
• Kuratko, D.F., Audretsch, D.B. (2009). Strategic entrepreneurship: Exploring different perspectives of an emerging concept. Entrepreneurship Theory & Practice, 33(1), 1-17.
• Lepak, D.P., Smith, K.G. & Taylor, M.S. (2007). Value creation and value capture: A multilevel perspective. Academy of Management Review, 32(1), 180-194.
• Letaifa, S.B. (2014). The uneasy transition from supply chains to ecosystems: The value-creation/value-capture dilemma. Management Decisions, 52(2), 278-295.
• Lieberman, M.B., Balasubramanian, N. & Garcia-Castro, R. (2013). Value Creation and Appropriation in Firms: Conceptual Review and a Method for Measurement. Retrieved from: http://ssrn.com/abstract=2381801.
• Lieberman, M.B. & Balasubramanian, N. (2007). Measuring value creation and its distribution among stakeholders of the Firm. Proceedings of the Academic Management Annual Meeting, 1-43.
• Lindenberg, S. & Foss, N.J. (2011). Managing joint production motivation: The role of goal framing and governance mechanisms. Academy of Management Review, 36(3), 500-525.
• Livengood, R. & Reger, R. (2010). That's our turf! Identity domains and competitive dynamics. Academy of Management Review, 35, 48-66.
• Lumpkin, G.T. & Dess, G.G. (1996). Clarifying the entrepreneurial orientation construct and linking it to performance. Academy of Management Review, 21(1), 135-172.
• MacDonald, G. & Ryall, M.D. (2004). How do value creation and competition determine whether a firm appriopriates value? Management Science, 50(10), 1319-1333.
• Martelo-Iandroguez, S. & Cepeda-Carrion, G. (2013). Trying to find a link between knowledge management processes and value appropriation. In: Euram: Waves and Winds of Strategic Leadership for Sustainable Competitiveness. Brussels: European Academy of Management.
• Michel, S. (2014). Capture more value. Harvard Business Review, 10.
• Miller, D. (1983). The correlates of entrepreneurship in three types of firms. Management Science, 29.
• Morris, M.H., Kuratko, D.F. & Covin, J.G. (2011). Corporate Entrepreneurship & Innovation (3rd edition). Cengage: South-Western Publishers.
• Morrow, J.L. Jr, Sirmon, D.G., Hitt, M.A. & Holcomb, T.R. (2007). Creating value in the face of declining performance: Firm strategies and organizational recovery. Strategic Management Journal, 28(3), 271-283.
• Peteraf, M.A. & Barney, J.B. (2003). Unravelling the resource-based tangle. Managerial and Decision Economic, 24, 305-323.
• Pitelis, Ch.N. (2009). The co-evolution of organizational value capture, value creation and sustainable advantage. Organization Studies, 30(10), 1115-1139.
• Priem, R.L. & Swink, M. (2012). Demand-side perspective on supply chain management. Journal of Supply Chain Management, 48(2), 7-13.
• Rass, M., Dumbach, M., Danzinger, F., Bullinger, A.C. & Moeslein, K.M. (2013). open innovation and firm performance: The mediating role of social capital. Creativity and Innovation Management, 22(2), 177-194.
• Rauch, A., Wiklund, J., Lumpkin, G.T. & Frese, M. (2009). Entrepreneurial orientation and business performance: An assessment of past research and suggestions for the future. Entrepreneurship Theory and Practice, 33(3), 761-787.
• Renko, M., Carsrud, A., & Brannback, M. (2009). The effect of a market orientation, entrepreneurial orientation, and technological capability on innovation: A study of young biotechnology ventures in the United States and Scandinavia. Journal of Small Business Management, 47(3), 331-369.
• Sirmon, D.G., Hitt, M.A. & Ireland, R.D. (2007). Managing firm resources in dynamic environments to create value: Looking inside the black box. Academy of Management Review, 32(1), 273-292.
• Skilton, P.F. (2014). Value creation, value capture, and supply chain structure: Understanding resource-based advantage in a project-based industry. Journal of Supply Chain Management, 50(3), 74-93.
• Stevenson, H.H. & Jarillo, J.C. (1990). A paradigm of entrepreneurship: Entrepreneurial management. Strategic Management Journal, 11.
• Subramanian, R., San Vicente Portes, L. & Xia, J. (2014). Value capture in international strategic alliances: An empirical analysis using the event study methodology. Management, Northeast Business & Economics Association, 566.
• Talaja, A. (2012). Testing VRIN framework: Resource value and rareness as sources of competitive advantage and above average performance. Management, 17(2), 51-64.
• Teece, D.J. (2007). Explicating dynamic capabilities: The nature and microfoundations of (sustainable) enterprise performance. Strategic Management Journal, 28(13), 1319-1350.
• Tescari, F.C. & Ledur Brito, L.A. (2016). Value creation and capture in buyer-supplier relationships: A new perspective. Revista de Administração de Empresas, 56(5), 474-488.
• Venkatraman, N. & Henderson, J.C. (2008). Four vectors of business model innovation: Value capture in a network era. In: D.C. Pantaleo, N. Pal (eds.), From Strategy to Execution: Turning Accelerated Global Change into Opportunity (pp. 259-280), London: Springer.
• Verdin, P. & Tackx, K. (2015). Are you creating or capturing value? A dynamic framework for sustainable strategy. M-RCBG Working Paper Series, 36, 1-19.
• West, J. (2007). Value capture and value networks in open source vendor strategies. Proceedings of the Hawai'i International Conference on System Sciences (HICSS-40), January, 3-7, Waikola, Hawai.
• Wiklund, J., Shepherd, D. (2005). Entrepreneurial orientation and small business performance: A configurational approach. Journal of Business Venturing, 20, 71-91.
• Yang, M., Vladimirova, D. & Evans, S. (2017). Creating and capturing value through sustainability, Research-Technology Management, 60(3), 30-39. DOI: 10.1080/08956308.2017.1301001.
• Zahra, S., Jennings, D.F. & Kuratko, D.F. (1999). Antecedents and consequences of firm-level entrepreneurship: The state of the field. Entrepreneurship Theory & Practice, 24, 45-66.

Identyfikatory

DOI

10.4467/24498939IJCM.18.001.8380