Value Creation and Value Capture in the Digital Age

Abstract

Digitalization is profoundly changing the process of value creation and capture. Not only can value creation and capture now take a more diverse set of forms and outcomes, but the core drivers of this process, including resources and capabilities, business models, the competitive and collaborative landscape, and the basis of competition, may be subject to fundamental change due to digitalization. In some sectors, such as newspapers and media, digitalization has already led to fundamental transformations in value creation and capture, while in others, such as mining, the changes generated so far are proving more sustaining and evolutionary in nature. This panel gathers top digitalization experts from the key management communities – innovation, strategy, and entrepreneurship – as well as industry experts to examine how our existing frameworks of value creation and capture are changing in the digital age. The final outcome of the panel will be an audience vote on whether the advent of digitalization requires a fundamental re-examination of the existing value creation, value capture paradigm, or an incremental update.