Value Creation and Capture in Entrepreneurial Organizations (Tworzenie, zatrzymywanie i przechwytywanie wartosci w organizacjach przedsiebiorczych)

Topical literature focuses on the quest for relations among innovativeness, entrepreneurship, and performance in the functioning of an organization. The paper expands on such dependencies through the assumption that the main outcome of stimulating entrepreneurship in the organization is the creation of value. In and of itself, innovativeness does not create value. It is only when it is commercialized through incorporation of the processes of strategic entrepreneurship that this happens. Moreover, it is not only the level of the value generated by the company that is important, but also what part it can retain or capture. The paper discusses processes of corporate entrepreneurship as well as the creation, capture, and retention of value. In summarizing these considerations, the paper proposes a load-bearing structure that identifies the relations among corporate entrepreneurship, the processes of creating and capturing value, and organization performance in the face of influence on the part of contextual variables. This paper is the result of a research project financed by the National Science Center (NCN), entitled Value Creation and Capture in Entrepreneurial Organizations (Grant No. 2015/17/B/HS4/00935).