A Model of Value Creation: Strategic View

@article{Haksever2004AMO,
  title={A Model of Value Creation: Strategic View},
  author={Cengiz Haksever and Radha Chaganti and Ronald Gary Cook},
  journal={Journal of Business Ethics},
  year={2004},
  volume={49},
  pages={295-307}
}
Value creation has long been hailed as the major objective of business firms by many management researchers. Some authors state that a firm must create value for its shareholders; some insist that value must be created not just for shareholders but also for all stakeholders. However, most discussions of value creation do not address an important question: "For whom the value is created?" The purpose of this paper is to take a first step to fill this void and propose a model of value creation… CONTINUE READING

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