Scholars of the theory of the firm have begun to emphasize the sources and conditions of what has been described a s "the organizational advantage, " rather than focus on the causes and consequences of market failure. Typically, researchers see such organizational advantage a s accruing

The information age is a revolution and the modern economy has been utterly transformed in recent years. The notions of production have had to be totally revised. Each company possesses intellectual capital (IC) which must be well managed and exploited in order to succeed. Knowledge circulates at every level of a business (human, structural, customers). An economy based on knowledge gives to a new type of business, new workers and new professions. This paper aims to demonstrate that IC is of a great value to organizations and firms and there is a need this value to be measured. Although there has been effort to this direction from an economic, mainly, perspective, as well as, from a managerial one, however, the context of IC value can not easily be determined in financial terms mainly due to peculiar nature of intangibility of IC elements, finally resulting in measurement problems. The present work is a literature review study of economic approaches to measurement of valuation of intellectual capital in an effort to demonstrate that financial and economic analysis provide some information about IC value but can not capture the whole picture of it. It also highlights on issues of IC context, on its competitive role, and generally on its contribution to organizations. It is recommended that more work has to be done to the direction of measurement placing more emphasis on issues and approaches that have not, or, to a limited extent, have been considered from economists.

Value capture from organizational advantages and sustainable value creation Pitelis, C.N.These papers are produced by Judge Business School, University of Cambridge. They are circulated for discussion purposes only. Their contents should be considered preliminary and are not to be quoted without

The dynamic capabilities framework analyzes the sources and methods of wealth creation and capture by private enterprise firms operating in environments of rapid technological change. The competitive advantage of firms is seen as resting on distinctive processes (ways of coordinating and combining

This concluding article in the special issue of Organizational Behavior and Human Decision Processes on the foundations of knowledge transfer in organizations argues that the creation and transfer of knowledge are a basis for competitive advantage in firms. The article builds on a framework

This paper assesses different organizational forms in terms of their ability to generate information about investment projects and allocate capital to these projects efficiently. A decentralized approach–with small, single-manager firms–is most likely to be attractive when information about

anonymous reviewers and the Editor in Chief of this Journal, Hari Tsoukas, for comments and discussion. Errors are ours. The impact of firm value capture strategies on the sustainability of the value creation process as a whole has been little discussed in the literature. Despite contributions by leading scholars on issues pertaining to value capture and value creation, moreover, we still lack a systematic framework of their determinants. Our purpose in this paper is to propose a conceptual framework for value creation and value capture, explore their relationship, and discuss pre-requisites for sustainable system-wide value creation. We then derive propositions and explore implications of our analysis on business strategy and public policy. 2 I.

Under the competitive conditions of modern economies, the resources directly controlled by owners frequently are not sufficient to ensure their small businesses' survival and growth. Instead, owners often need to supplement what they personally control by using their social capital -- resources embedded in their social relations with others -- to obtain financing, expert advice, and other resources. In particular, business owners may be able to create and enhance their social capital by joining and participating in voluntary associations, thus making connections beyond their immediate circle of relationships. Voluntary associations present opportunities for members to make connections with persons unlikely to be encountered otherwise. Therefore, membership in organizations may increase the heterogeneity of owners' personal networks. Increased heterogeneity, in turn, may lead to improved access to resources, and as a result, enhance the odds of success and survival for owners' businesse...

required new approaches. Particularly acute has been the need to model alternative forms of involvement of business firms in foreign activities because organizational change has been central in the transformation of the world economy. This paper reviews the literature that has emerged from these efforts

and end users in the form of enhanced productivity, improved organizational efficiency, increased revenue, and better customer care. Technologies for mobile enterprise application platform are vastly improved with an opportunity for cloud-based or on-premise solutions; native, hybrid, or mobile Web