All week we are bombarded with information. The newspapers we read, the conversations we have, the thoughts that fleetingly appear in our heads. Most of it filters through without much impact – after all, it’s just information – I could always go and find more on the web if I needed it. The aim of this blog is to filter what's genuinely interesting from the background noise...
The shift towards a digital, platform-based economy has major implications for how value is created in the economy and who captures that value. In my writing I regularly invoke these two concepts—value creation and value capture—but I realize that not everyone will be familiar with them. 1 The concepts are well defined and are taught in many business schools. However, to newcomers to the field the terms might seem rather opaque. Given how central they are to thinking about economics, strategy, and entrepren
Value creation and value capture