Umair Haque / Bubblegeneration
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Design principles for 21st century companies, markets, and economies. Foreword by Gary Hamel. Coming January 4th. Pre-order at Amazon.


 
Friday, December 03, 2004


Value Creation - What Does it Mean?

Something - let's call it innovation - which makes it economically possible to do and create either totally new things, or to do old things more efficiently. Here's a great example:

"...The industry is now so big that it is possible to build a hot rod entirely from new parts. And for purists who want old parts, the Internet has eliminated the hallowed junkyard crawl, once a rite of passage. "Places like eBay have just revolutionized the way we shop for parts," said Rob Kinnan, the editor of Hot Rod magazine."

If it sounds obvious - it's not. Mapping value shifts is notoriously difficult (if easy in hindsight). But understanding this process of value creation is the heart of not just capital formation, but also of killer opportunities and ideas.

-- umair // 6:36 PM // 0 comments


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