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Tracking the consumer evolution of financial services

“Instead of extracting value, they create it” | Haque

Umair continually presses us to think about new types of corporations that are creating genuine value.  The definition is evolving, and you can check back with his earlier posts about the companies mentioned, but the final sentence in this paragraph is a great objective.

An Open Letter to 20th Century Business | Umair Haque

Who are some of those innovators? We’ve discussed lots of them – Apple, Google, Tata, Threadless. What makes them different is simple. They are more profitable and valuable than rivals because, well, they do stuff that counts. Instead of extracting value, they create it.

Written by Colin Henderson

May 25, 2009 at 20:53

2 Responses

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  1. Creating value rather than extracting it?

    A case of disruption rather than incrementalism, then, would you say, Colin?

    …and when the flames were licking around my rear end, I’d rather jump out of the fire than shuffle.

    Neil Robinson

    May 27, 2009 at 17:10

  2. @Neil … yes the implications would be disruptive rather than incremental. The implications go to the core of business models as we know them, to stock market expectations, to politics, to environment, and social responsibility. It will not be an easy task, nor in fact is it a guaranteed future.

    bankwatch

    May 29, 2009 at 09:22


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