Competition Is for Losers

What valuable company is nobody building? This question is harder than it looks, because your company could create a lot of value without becoming very valuable itself. Creating value isn’t enough—you also need to capture some of the value you create. Continue

How the Internet of Things Changes Business Models

As the Internet of Things (IoT) spreads, the implications for business model innovation are huge. Filling out well-known frameworks and streamlining established business models won’t be enough. Continue

Established Companies, Get Ready for the Collaborative Economy – Alexandra Samuel – Harvard Business Review 

As more and more startups like Airbnb, Etsy and Kickstarter crowd into the space of the collaborative economy, big brands are starting to get in on the action, too. Staples sells products developed on Quirky; Avis has acquired Zipcar; Walgreens has partnered with TaskRabbit for delivery.

Is our robot future really all that speculative anymore? 

James Pethokoukis points us to a new working paper about economic growth released by the San Francisco Fed this month. Here’s a piece:

Even more speculatively, artificial intelligence and machine learning could allow computers and robots to increasingly replace labor in the production function for goods….In standard growth models, it is quite easy to show that this can lead to a rising capital share — which we intriguingly already see in many countries since around 1980 (Karabarbounis and Neiman, 2013) — and to rising growth rates. In the limit, if capital can replace labor entirely, growth rates could explode, with incomes becoming infinite in finite time.

Speculation over interest rate rise following fall in joblessness

Interest rates could be set to rise earlier than expected as new figures reveal UK unemployment is now at a near five-year low.

Figures released by the Office for National Statistics (ONS) show that the UK jobless rate falling to 7.1% in the quarter to November, with an additional 280,000 people finding work during the same period.

How Will The Economy Improve In 2014 If Almost Everyone Has Less Money To Spend?

Is the U.S. consumer tapped out? If so, how in the world will the U.S. economy possibly improve in 2014? Most Americans know that the U.S. economy is heavily dependent on consumer spending. If average Americans are not out there spending money,