Creation and Appropriation of Value in the B2B Market Cover Image

Tworzenie i zawłaszczanie wartości na rynku B2B
Creation and Appropriation of Value in the B2B Market

Author(s): Justyna Światowiec-Szczepańska
Subject(s): Business Economy / Management, Micro-Economics
Published by: Instytut Badań Rynku, Konsumpcji i Koniunktur
Keywords: value; relational value; B2B relationships; value creation; value appropriation;

Summary/Abstract: An approach distinguishing the process of value creation and the process of value appropriation is used in the study. The main aim of the article is an analysis of potential models referring to the process of capturing the value by the partners in the B2B market. In the first part of the article, the concepts of economic value and relational value are presented where relational value is understood as a jointly created value in buyer-supplier relationships in the B2B market, which cannot be generated individually by the single company. The development of the model of relational value, considered from the perspective of the relationship and not a single company, was the essential stage in the discussion. In the next part of the article, the non-cooperative and cooperative mechanisms for appropriating value are discussed and the conditions for their use are identified. The main results of the paper are: presentation of the dependence of relational value on the mechanism of creating and appropriating value; the key role of trust and social embeddedness of relations in the value appropriation cooperative mechanisms. The article is of the conceptual character and the method of literature research was used.

  • Issue Year: 363/2016
  • Issue No: 4
  • Page Range: 313-324
  • Page Count: 12
  • Language: Polish