Capturing Value from Public-Private Collaborations

Although public-private collaborations offer opportunities to create unique value for a wide range of stakeholders, participating organizations often struggle to capture value from them. We focus on this challenge using a practice perspective and aim to understand how organizations attempt to capture value from their participation in public-private collaborations. We take a grounded theory approach and draw on longitudinal case study data from a collaboration involving 57 organizations. We identify the challenges involved in organizations’ attempts to capture value as well as the processes and practices that organizations adopt to tackle these challenges. Based on these findings, we conceptualize the notion of a ‘dynamic value capture capability’ and offer implications for theory and practice that help organizations maximize value capture opportunities in public- private collaborations.