Creating, Capturing and Protecting Value: A Property Rights-based View of Competitive Strategy
- Topics:
- Competitive Strategy
- Tags:
- Asset Management,
- Strategy,
- Property Right,
- Operational Planning,
- Marketing Research,
- Marketing,
- Management,
- Investment,
- Finance,
- Copenhagen Business School,
- ...
- Source:
- Copenhagen Business School
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Overview: This paper develops a property rights-based view of strategy (the "PRV"). A property right (or economic right) is an individual's net valuation, in expected terms, of the ability to directly consume the services of an asset or consume it indirectly through exchange. Resources expended on exchanging, protecting and capturing such rights are transaction costs, so that it directly link property rights, transaction costs, and economic value. The paper argues that economizing with transaction costs become a distinct source of value, and potentially of sustained competitive advantage in such a setting.
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Format: PDF | Size: 362KB | Date: Feb 2002 | Pages: 40
