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Tekijä:Chatain, Ol
Zemsky, P.
Otsikko:Value creation and value capture with frictions
Lehti:Strategic Management Journal
2011 : NOV, VOL. 32:11 p. 1206-1231
Asiasana:suppliers
strategic planning
research
competition
competitive advantage
supply chain management
transaction costs
negotiation
purchasing
supply chain
Kieli:eng
Tiivistelmä: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.
SCIMA tietueen numero: 276160
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