Discussion and conclusion
The analyses based on the game theoretic model in Chapter 4 indicate that the structure of negotiations along the value chain affects value distribution. Thus, besides considerations of replaceability, firms can aim to increase value capture by creating a
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Innovative Konzepte und unternehmerische Leistungen sind für Wohlstand und Fortschritt von entscheidender Bedeutung. Diese Schriftenreihe vereint wissenschaftliche Arbeiten zu diesem Themenbereich. Sie beschreiben substanzielle Erkenntnisse auf hohem methodischen Niveau.
Edited by Prof. Dr. Nikolaus Franke Wirtschaftsuniversität Wien Wien, Austria
Prof. Dr. Joachim Henkel Technische Universität München München, Germany
Prof. Dietmar Harhoff, Ph.D. Ludwig-Maximilians-Universität München, Germany
Prof. Dr. Carolin Häussler Universität Passau Passau, Germany
Alexander Hoffmann
Value Capture in Disintegrated Value Chains The Hierarchy Strategy With a Foreword by Prof. Dr. Joachim Henkel
Alexander Hoffmann Munich, Germany Dissertation TU Munich, 2015
Innovation und Entrepreneurship ISBN 978-3-658-11367-4 ISBN 978-3-658-11368-1 (eBook) DOI 10.1007/978-3-658-11368-1 Library of Congress Control Number: 2015955142 Springer Gabler © Springer Fachmedien Wiesbaden 2015 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. Printed on acid-free paper Springer Gabler is a brand of Springer Fachmedien Wiesbaden Springer Fachmedien Wiesbaden is part of Springer Science+Business Media (www.springer.com)
Foreword
V
Foreword Among the numerous questions that occupy management practitioners and scholars, one question is arguably central: What is it that makes a firm profitable? Researchers have identified a broad range of factors, in particular a firm’s resources and its market environment. Related to a firm’s environment, the concept of “industry architecture” proved helpful in further understanding the differential profitability of firms. However, this concept has an important gap: it does not account for the position that a firm occupies in the various value chains that it is part of. Yet, a firm might supply the same input for the same final product as a tier-one or a tier-two supplier. Surely, this position should affect its profitability. This is where Alexander Hoffmann’s dissertati
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