Don’t fear that jobs will be replaced by digital automation. Celebrate the new emerging value generation capability of entrepreneurs with digital assistants.
Where will the combination of service science and artificial intelligence take entrepreneurship in the near future?
Entrepreneurship is a technology, by every definition of the term. It’s a technology that harnesses the natural phenomenon of the pursuit of a better life.
We can gain useful insights by winding business models back in time to see how they emerged and evolved. In the case of competing business models, we can analyze the different outcomes and perhaps assign some cause and effect analysis to interpret why one model variant performed better than another. How do we do that? Through the technique of entrepreneurial business history.
The dynamism of an economy is determined by its organization. Crony capitalism is an organizational error that undermines innovation and value creation and produces inequality. An entrepreneurial organization is far superior.
In the new model of value, customers are the value creators. Firms are value facilitators, utilizing the 4V’s business model.