Value Creation in Business Models is Based on Intellectual Capital – and Only Intellectual Capital!
This chapter applies the lens of emergentism and emergent properties
to the understanding of value propositions, value creation,
value delivery and value realization. It argues that none
of the building blocks typically asserted with business models
are of any value without the underlying intellectual capital
to apply them and furthers this understanding through a
series of case examples. This chapter enhances our understanding
of the role of intellectual capital in the value creation of
business models and argues that intellectual capital is the foundation
of business models.
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