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Foundations of Corporate SuccessHow Business Strategies Add Value$
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John Kay

Print publication date: 1995

Print ISBN-13: 9780198289883

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/019828988X.001.0001

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(p.181) Chapter 12 Appropriability
Foundations of Corporate Success

John Kay (Contributor Webpage)

Oxford University Press

If a competitive advantage is to form the basis of corporate success, it must also be appropriable. Appropriability is the capacity of the firm to retain the added value it creates for its own benefit. However, who benefits from this added value depends on the decisions of the firm, the structure of the market in which it operates, and the sources of the added value itself.

Keywords:   added value, appropriability, competitive advantage, corporate strategy, government, innovation, market structure, shareholders, stakeholders, taxation

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