Difference between revisions of "Value capturing"

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(Created page with "In order to ''''capture''''' value, a company must not only provide customers with a products perceived user value that is greater than the costs (Value creation|Value creat...")
 
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In order to ''''capture''''' value, a company must not only provide customers with a products perceived user value that is greater than the costs ([[Value creation|Value creation]]). It must also be able to capture the value created in the form of an economic profit. The overal goal of strategic management is to:
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Value capturing
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# Maximize the value created by increasing the [[Perceived use value|Perceived use value]] and minimizing the [[Costs|Costs]].
 
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# Capture as much as the value as possible in the former of a producer surplus
 
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# Do so in a sustainable way over time by defending the company's position agains [[Imitators|Imitators]] and [[Substitutes|Substitutes]]
 
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<img src="/static/files/MBI/Module%208/valuecaptured.PNG" width=600>
 
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See also [[Value creation|Value creation]]
 
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Part of [[Strategies for E-Business|Strategies for E-Business]]
 
 
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Revision as of 19:22, 27 August 2020

Value capturing