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| Author: | Chatain, Ol Zemsky, P. |
| Title: | Value creation and value capture with frictions |
| Journal: | Strategic Management Journal
2011 : NOV, VOL. 32:11 p. 1206-1231 |
| Index terms: | suppliers strategic planning research competition competitive advantage supply chain management transaction costs negotiation purchasing supply chain |
| Language: | eng |
| Abstract: | This article employs a formal value-based model to examine how frictions affect value creation and value capture. It is found that companies with a competitive advantage prefer industries with less frictions. Heterogeneity decreases with frictions, but the sustainability of competitive advantage increases. Overall, it is indicated that introducing frictions makes value-based models very effective at integrating analyses at the industry, company, and resource levels. |
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