SEE Adv 2 - Social Value Capture

Question 1

What is the difference between ‘use value’ and ‘exchange value’ regarding value creation?

Answer 1

Use value: quality of a new job, task
Exchange value: money amount realized at a certain point

Question 2

What are the different levels of analysis of value creation?

Answer 2

1) Individual
2) Organizational
3) Societal

Question 3

How can an individual create value?

Answer 3

By developing novel and appropriate tasks, services, and jobs

Question 4

How can an organization create value?

Answer 4

By develop/invent new ways of doing things (new technologies)

Question 5

How can a society create value?

Answer 5

By programs and incentives for entrepreneurship and innovation.

Question 6

How does an individual capture value?

Answer 6

If others can’t easily imitate the process (tacit knowledge)

Question 7

How does an organization capture value?

Answer 7

By using resources with attributes that make them difficult to imitate (intangible resources)

Question 8

How does a society capture value?

Answer 8

Nations can capture value through isolating mechanisms

Question 9

How does the social value proposition look like for social enterprises?

Answer 9

1) Value generation
2) Value capture for the organization
3) Value sharing for society

Question 10

What does value sharing mean?

Answer 10

Exchanging benefits with different groups involved, like customers, partners, employees, and the community (stakeholders)

Question 11

What does the figure of ‘A conceptual framework for value creation in the context of SE’ show?

Answer 11

1) value generation (on the left)
2) Social value proposition (in the middle)
3) Value sharing (down below)
4) Value capture (on the right)

Value sharing is for society
Value capture is for the organization