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Issue 5(1), October 2010 -- Paper Abstracts
Girard  (p. 9-22)
Cooper (p. 23-32)
Kunz-Osborne (p. 33-41)
Coulmas-Law (p.42-46)
Stasio (p. 47-56)
Albert-Valette-Florence (p.57-63)
Zhang-Rauch (p. 64-70)
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JOURNAL OF APPLIED BUSINESS AND ECONOMICS

Value Creation and Value Appropriation: An Integrative,
Multi-Level Framework

Author(s): Dante Di Gregorio

Citation: Dante Di Gregorio, (2013) "Value Creation and Value Appropriation: An Integrative, Multi-Level Framework," Journal of Applied Business and Economics, Vol. 15, Iss. 1, pp. 39-53

Article Type: Research paper

Publisher: North American Business Press

Abstract:

Value creation by individuals and firms plays a central role in the evolution of populations by enabling
adaptive efficiency. Once created, value may become embedded in resources which require deployment
for value to be appropriated. Value appropriation is a two-step process through which a firm first
competes against other firms to create and protect appropriation streams (i.e., inter-organizational value
appropriation), then managers, employees, shareholders and other stakeholders compete to capture the
value that has been retained within the firm (i.e., intra-organizational value appropriation). I argue that
the inter- and intra-organizational value appropriation processes are driven by common elements,
including not only bargaining power and isolating mechanisms but also relation-based power and
opportunity-based action. I advocate an integrative approach due to the interplay between value creation
and value appropriation processes.