Value Creation and Value Capture at Manufacturing Firms: Importance of Non-functional Value
Nobeoka, Kentaro
WP#10-01 Hitotsubashi University IIR (2010/04)
Most large Japanese manufacturers are good at creating value utilizing their engineering capabilities but poor at capturing value in terms of creating profit and added value. This paper discusses conditions to capture value, after explaining a distinction between value creation and value capture. In order to capture value, manufacturer…