Value creation, value distribution and the talented CEO

Abstract

The aim of the paper is therefore to analyze firm's leaders (CEOs') dynamic capabilities in managing the firm's resources, able to generate sustainable competitive advantage and to create value, as well as to verify how the so created value is distributed between the firm and the CEO. The analysis has been conducted on firms operating in tourism industry and precisely on hotel chains. Among these, some representative firms have been selected and analyzed through case study method. In order to test the research's hypotheses, a logistic regression model, Moreno sociogram and Guttman scale have been applied. The paper proposes an interesting perspective for studying dynamic resources real use within organization, trying to point out the value they are able to generate and how this value is appropriated. The proposed analysis is an application of Resource-based theory approach to the study of dynamic capabilities creation and their relative generated rent appropriation. From this perspective, it represents a further step in RBT studies, in its connections with other disciplines on the topic. An interesting aspect of the research is that the attention on value creation and distribution rather than just on firm's performance opens to new horizons in strategic management.