Value Capture Theory

Value capture is a central concept in strategic management theories. The field has developed multiple theories of value capture which can often be usefully reformulated and subsumed under the value-based framework (Brandenburger & Stuart, 1996). It provides a common language articulated around notions of value creation and value capture and how the former enables the latter. Its strengths are its conceptual generality and sophistication, and its ability to complement and play well with other theories in strategic management. This entry provides an account of how value capture theories matter to strategic management thinking, of the nuts and bolts of the value-based framework, and surveys some of its contributions and connections to other theories.

In J. J. Reuer, S. Bisui, L. Kluppel & M. Leiblein (Eds.), A Guide to Key Theories for Strategic Management (pp. 67–84). Edward Elgar Publishing