Value Appropriation in Business Exchange

Literature Review and Future Research Opportunities

Chris Ellegaard, Christopher J. Medlin, Jens Geersbro

Publikation: Bidrag til tidsskriftReviewForskningpeer review

Resumé

Purpose – Value appropriation is a central, yet neglected aspect in business exchange research. The purpose of the paper is to generate an overview of
research on active value appropriation in business exchange and provide the foundation for further research into value appropriation, as well as some
initial guidance for managers.
Design/methodology/approach – Literatures investigating value appropriation were identified by the means of a systematic review of the overall management literature.
Findings – The authors provide an overview and comparison of the literatures and find that they apply diverse understandings of the value appropriation process and emphasize different mechanisms and outcomes of value appropriation.
Research limitations/implications – Based on the literature comparison and discussion, in combination with inspiration from alternative business exchange literature, the authors propose four areas with high potential for future research into value appropriation: network position effects, appropriation acts and behaviors, buyer-seller relationship effects, and appropriation over time.
Practical implications – Boundary spanning managers acting in industrial markets must master the difficult balance between value creation and appropriation. This review has provided an overview of the many managerial options for value appropriation and created knowledge on the effects of the various appropriation mechanisms enabling managers to secure company rents while not jeopardizing value creation.
Originality/value – To the authors’ knowledge, this paper represents the first attempt at reviewing the management literature on value appropriation in business exchange. The authors provide overview, details, comparisons, and frame a research agenda as a first step towards establishing value appropriation as a key phenomenon in business exchange research.
OriginalsprogEngelsk
TidsskriftJournal of Business and Industrial Marketing
Vol/bind29
Udgave nummer3
Sider (fra-til)185-198
ISSN0885-8624
DOI
StatusUdgivet - 2014

Emneord

  • Business exchange
  • Literature review
  • Research agenda
  • Value
  • Value appropriation
  • Value creation

Citer dette

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abstract = "Purpose – Value appropriation is a central, yet neglected aspect in business exchange research. The purpose of the paper is to generate an overview ofresearch on active value appropriation in business exchange and provide the foundation for further research into value appropriation, as well as someinitial guidance for managers.Design/methodology/approach – Literatures investigating value appropriation were identified by the means of a systematic review of the overall management literature.Findings – The authors provide an overview and comparison of the literatures and find that they apply diverse understandings of the value appropriation process and emphasize different mechanisms and outcomes of value appropriation.Research limitations/implications – Based on the literature comparison and discussion, in combination with inspiration from alternative business exchange literature, the authors propose four areas with high potential for future research into value appropriation: network position effects, appropriation acts and behaviors, buyer-seller relationship effects, and appropriation over time.Practical implications – Boundary spanning managers acting in industrial markets must master the difficult balance between value creation and appropriation. This review has provided an overview of the many managerial options for value appropriation and created knowledge on the effects of the various appropriation mechanisms enabling managers to secure company rents while not jeopardizing value creation.Originality/value – To the authors’ knowledge, this paper represents the first attempt at reviewing the management literature on value appropriation in business exchange. The authors provide overview, details, comparisons, and frame a research agenda as a first step towards establishing value appropriation as a key phenomenon in business exchange research.",
keywords = "Business exchange, Literature review, Research agenda, Value, Value appropriation, Value creation",
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Value Appropriation in Business Exchange : Literature Review and Future Research Opportunities. / Ellegaard, Chris; Medlin, Christopher J.; Geersbro, Jens.

I: Journal of Business and Industrial Marketing, Bind 29, Nr. 3, 2014, s. 185-198.

Publikation: Bidrag til tidsskriftReviewForskningpeer review

TY - JOUR

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AB - Purpose – Value appropriation is a central, yet neglected aspect in business exchange research. The purpose of the paper is to generate an overview ofresearch on active value appropriation in business exchange and provide the foundation for further research into value appropriation, as well as someinitial guidance for managers.Design/methodology/approach – Literatures investigating value appropriation were identified by the means of a systematic review of the overall management literature.Findings – The authors provide an overview and comparison of the literatures and find that they apply diverse understandings of the value appropriation process and emphasize different mechanisms and outcomes of value appropriation.Research limitations/implications – Based on the literature comparison and discussion, in combination with inspiration from alternative business exchange literature, the authors propose four areas with high potential for future research into value appropriation: network position effects, appropriation acts and behaviors, buyer-seller relationship effects, and appropriation over time.Practical implications – Boundary spanning managers acting in industrial markets must master the difficult balance between value creation and appropriation. This review has provided an overview of the many managerial options for value appropriation and created knowledge on the effects of the various appropriation mechanisms enabling managers to secure company rents while not jeopardizing value creation.Originality/value – To the authors’ knowledge, this paper represents the first attempt at reviewing the management literature on value appropriation in business exchange. The authors provide overview, details, comparisons, and frame a research agenda as a first step towards establishing value appropriation as a key phenomenon in business exchange research.

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