Strange relationship with Economics
To be integrated
Biz Advice
Create more value than you capture -Tim O’Reilly
The take here suggests that firms tend to focus on creating instead of capturing, but I’ve tended to think that they’re more focused on the latter instead of the former: https://hbr.org/2014/10/capture-more-value
Even avid innovators often have a blind spot when it comes to value capture, assuming that if value is created, rewards will follow.
Indeed, the original O’Reilly quote is moreso suggesting that people tend to over focus on capture. https://contently.com/2012/04/06/tim-oreilly-value-creation/
Separate topic ???
The problem of voting with your wallets: https://youtu.be/Ipb5kUjIdZA?si=YemofJ0AlZVa3hFs
- likely relates well to markets for new things and old things, consumer behavior
- pin down what they’re saying, possibly Youtube2Webpage it