Value Creation in Business Models is Based on Intellectual Capital – and Only Intellectual Capital!

  • Christian Nielsen
  • Henrik Dane-Nielsen


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.