The Value of Managers: The Role of Managerial Human Capital in Value Creation and Value Capture

2017 ◽  
Vol 2017 (1) ◽  
pp. 13629
Author(s):  
Matthew James Bidwell ◽  
Arnaldo Camuffo ◽  
Federica De Stefano ◽  
Clint Chadwick
Keyword(s):  
Human Capital ◽  
Value Creation ◽  
Value Capture

Living It Up at the Hotel California: Employee Mobility Barriers and Collaborativeness in Firms’ Innovation

2021 ◽  
Author(s):  
Eunkwang Seo ◽  
Deepak Somaya
Keyword(s):  
Human Capital ◽  
Value Creation ◽  
Knowledge Spillovers ◽  
Value Capture ◽  
Employee Mobility ◽  
Mobility Barriers ◽  
Collaborative Innovation ◽  
Complex Knowledge

Research has long recognized the importance of collaboration for innovation, but relatively little is known about the strategic drivers of collaborative innovation in firms. We posit that robust collaboration within firms can increase the interfirm mobility of inventors and increase spillovers of innovative knowledge to competitors by mobile inventors. Therefore, by mitigating these value capture hazards associated with collaboration, barriers to employee mobility may induce firms to increase collaborativeness in innovation. Additionally, consistent with the mechanism underlying this proposition, we hypothesize that firms whose innovation entails more complex knowledge, which is known to impede interfirm knowledge spillovers, will increase collaboration less when employee mobility increases. We test these hypotheses by leveraging quasi-exogenous changes in two legal mobility barriers for inventors across U.S. states and find that higher-mobility barriers are associated with greater inventor collaboration (as observed in patented innovation), and this effect is weaker for firms possessing more complex knowledge. These findings deepen our understanding of the strategic tradeoffs between value creation and value capture entailed in collaborative innovation within firms and of human capital strategies that help to manage these tradeoffs.

The Role of Coopetition on Innovation, Value Creation and Value Capture

2018 ◽  
Vol 2018 (1) ◽  
pp. 15630
Author(s):  
Lori Divito De Paauw ◽  
Garima Sharma ◽  
Paavo Ritala ◽  
Sea Matilda Bez ◽  
Lori Divito De Paauw ◽  
...  
Keyword(s):  
Value Creation ◽  
Value Capture

The Resource-Based View of the Firm, Human Resources, and Human Capital: Progress and Prospects

2021 ◽  
pp. 014920632097879
Author(s):  
Barry Gerhart ◽  
Jie Feng
Keyword(s):  
Human Capital ◽  
Best Practices ◽  
Human Resources ◽  
Value Creation ◽  
Firm Heterogeneity ◽  
Future Research ◽  
Value Capture ◽  
Resource Based View ◽  
Implementation Challenges ◽  
Relevant Evidence

We describe the interplay between the resource-based view (RBV) and strategic human resources (HR)/human capital (HC) literatures in select areas of particular interest. In each area, we aim to highlight key issues, review relevant evidence where available, and identify future research needs. We begin by reviewing research on HR-related firm heterogeneity. We then discuss best practices in HR, including evidence of the large apparent value they create. We also consider different views on the value and ease of imitation of best practices, including implementation challenges. Next, we briefly address the key roles of microfoundations and complementarity in helping understand the potential for value creation and value capture through the use of best practices. We then ask whether the use of best practices in the pursuit of competitive parity might warrant greater attention as this may be where the largest potential gains can be made. Finally, we consider a number of developments in the strategic HC literature, especially those related to firm-specific human capital (FSHC). We raise questions with views on issues such as the consequences of FSHC for workers; the definition and measurement of FSHC; whether worker immobility, a key to value capture, is good from a social return (or even a firm) return perspective; and the relative emphasis on value capture and value creation.

scholarly journals THE ROLE OF HUMAN CAPITAL IN VALUE CREATION: THEORETICAL INSIGHTS

Ekonomika ◽  
2011 ◽  
Vol 90 (4) ◽  
pp. 49-62
Author(s):  
Rima Česynienė ◽  
Asta Stankevičienė
Keyword(s):  
Human Capital ◽  
Value Creation ◽  
Scientific Publications ◽  
Systematic Analysis ◽  
Knowledge Based ◽  
Knowledge Based Economy ◽  
Tangible Assets ◽  
Modern Knowledge ◽  
Adequate Research

The growth of the modern knowledge-based economy is becoming less dependent on tangible assets and, respectively, hinges more on the intangibles which are defined as human capital (HC). Despite the great number of scientific works dedicated to the HC phenomenon, the interest in this field had its “ups and downs” which caused changes not only in the notional concept itself, but also in the approach to its importance in value creation by measuring the returns of its investments. The purpose of the article is to analyse the evolution of these approaches. The nature of the article is both theoretical and analytical; it is based on quite an abundant list of scientific publications by Lithuanian and foreign authors. Adequate research methods were used in the study, such as a systematic analysis of scientific literature, logical comparative analysis and generalization. The originality of the study is ingrained in the fact that it reveals changes in the concept of human capital since its rise in the late 1960s until the most recent ideas which were formed and are still under development in the 2010s.

scholarly journals Value creation and capture in systemic innovation implementation: case of mechanical, electrical and plumbing prefabrication in the Finnish construction sector

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Rita Lavikka ◽  
Krishna Chauhan ◽  
Antti Peltokorpi ◽  
Olli Seppänen
Keyword(s):  
Value Creation ◽  
Construction Project ◽  
Interaction Patterns ◽  
Innovation Implementation ◽  
Value Capture ◽  
Content Type ◽  
Organisational Context ◽  
Systemic Innovation ◽  
Value Creation And Capture

Purpose Systemic innovations emerge and create value in an inter-organisational context. However, innovation studies rarely investigate the role of value creation and value capture among multiple organisations in successful innovation implementation. This paper aims to understand the role of value creation and value capture in the implementation of systemic innovations in construction which is by nature, an inter-organisational context. Design/methodology/approach The empirical research focused on the barriers, enablers and opportunities for value creation and value capture of the Finnish construction project parties when trying to implement mechanical, electrical and plumbing (MEP) prefabrication, which is a systemic innovation. Data were collected through interviews, observations and action workshops. Findings The empirical study identified interaction patterns on how social, political, technical and economic barriers lead to uneven value capturing, lack of value-based procurement and unclear value creation between MEP design and installation. They hinder the implementation of MEP prefabrication. The results point to enablers leading to fairly shared value to all parties, procurement of value and collaborative value creation, thus increasing the usage of MEP prefabrication, a systemic innovation. Originality/value The study adds new knowledge by demonstrating that the identification of barriers and their interaction with enablers and opportunities for value creation and capture lay a baseline for suggestions on how to implement a systemic innovation. This study stresses the importance of enabling value creation and capture for all construction project parties when implementing a systemic innovation.

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