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Value Creation, Value Capture, and Supply Chain Structure: Understanding Resource–Based Advantage in a Project–Based Industry

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  • Paul F. Skilton

Abstract

type="main" xml:id="jscm12053-abs-0001"> This study uses resource-based theory concerning the interplay between value creation and value capture (Priem & Swink, [Priem, R. L., 2012]) to explain supply chain structure in a project-based industry. Taking this approach has the potential to change the focus of resource-based thinking from competition between industry rivals to the tension between buyers and suppliers that structures supply chains. Value creation, which is the function of product market strategy, determines which supplier resources are critical and thus determines which suppliers should be in a position to capture value. When supplier capabilities are critical, buyers have incentives to maintain value creation while structuring the supply chain to reduce supplier power. I test the resulting hypotheses by applying multivariate analysis of variance techniques to data from the worldwide motion picture industry. Because the production companies that make movies enact a variety of product market strategies to create value for consumers, suppliers of visual and special effects have a range of opportunities for value capture. I find support for the hypotheses, suggesting that some buyers structure supply chains in counter-intuitive ways when suppliers have high levels of resource-based bargaining power.

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  • Paul F. Skilton, 2014. "Value Creation, Value Capture, and Supply Chain Structure: Understanding Resource–Based Advantage in a Project–Based Industry," Journal of Supply Chain Management, Institute for Supply Management, vol. 50(3), pages 74-93, July.
    • Handle: RePEc:bla:jscmgt:v:50:y:2014:i:3:p:74-93
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    File URL: http://hdl.handle.net/10.1111/jscm.2014.50.issue-3
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    Citations

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    Cited by:

    1. Aitken, Alan & Paton, Robert A., 2016. "Professional buyers and the value proposition," European Management Journal, Elsevier, vol. 34(3), pages 223-231.
    2. Bygballe, Lena E. & Dubois, Anna & Jahre, Marianne, 2023. "The importance of resource interaction in strategies for managing supply chain disruptions," Journal of Business Research, Elsevier, vol. 154(C).
    3. Szepesi, Balázs, 2021. "A gyümölcstermesztő és az ipari beszállító vállalkozások piaci pozíciója. Egy kvalitatív kutatás eredményei [Empirical insights on the factors shaping the market position of fruit producers and ind," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(S11), pages 52-77.
    4. Wojciech Dyduch, 2016. "Value Creation and Capture in Entrepreneurial Organizations (Tworzenie, zatrzymywanie i przechwytywanie wartosci w organizacjach przedsiebiorczych)," Problemy Zarzadzania, University of Warsaw, Faculty of Management, vol. 14(62), pages 11-23.
    5. Paul F. Skilton & Ednilson Bernardes & Mei Li & Steven A. Creek, 2020. "The Structure of Absorptive Capacity in Three Product Development Strategies," Journal of Supply Chain Management, Institute for Supply Management, vol. 56(3), pages 47-65, July.
    6. Cabral, Natália Gomes Cavalcante & Gohr, Cláudia Fabiana, 2023. "Sustainable value creation in sharing economy: Conceptual framework proposition and application in Brazilian offline communities," Technological Forecasting and Social Change, Elsevier, vol. 186(PA).
    7. T. Russell Crook & Christopher W. Craighead & Chad W. Autry, 2017. "Hold Back or Held Back? The Roles of Constraint Mitigation and Exchange Diffusion on Power “Nonuse” in Buyer–Supplier Exchanges," Journal of Supply Chain Management, Institute for Supply Management, vol. 53(2), pages 10-21, April.

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