It seems simplicity rules in our experience economy when it comes to creating new value from products and services.
In an effort to gain competitive advantage, travel companies are creating new promotions and consumer value features such as eliminating processing fees, waiving cancellation and change fees, etc.
So they will spend more on the stock of companies that have a demonstrated track record of creating innovative new businesses and appropriating value from them.
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But long-term value comes from creating new business opportunities that meet changing needs.
In our new wiki world, the primary means for creating economic value has morphed from the means of production to the means of collaboration.
Rather than talking about backward-compatibility, enterprise now has to embrace forward-compatibility, designing systems based on new technology to meet evolving user needs and creating customer value.
Mobile commerce is driving the requirement for mobile remote payments, creating new revenue potential for businesses involved in the value chain including Communications Service Providers, banks and credit card companies, transport operators and merchants and also postal operators who have diversified by offering banking services and mobile services through their vast networks.
This approach would allow entertainment value to go untaxed without creating a new tax shelter for virtual commerce, Lederman says.
Sam Ford, co-author with Henry Jenkins and Joshua Green of a new book coming out January 21 called Spreadable Media: Creating Value and Meaning in a Networked Culture, looks at self-distribution from known creators (example, the Seinfeld episodes) as one of many new experiments being sown across the Internet.
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"We commend these banks for strengthening the link between compensation and business integrity, which is central to creating long-term value, and for setting new standards of disclosure, " he said.
The secret of success in this new M2M world is creating a rich ecosystem that can maximize the value and keep costs low at each step of the chain that runs from the devices all the way up back up to the data center.
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Congress is threatening to pass a bill creating a new Federal Accounting Oversight Board if FASB does not provide a change in fair value application by early April.
We agree that many of the companies on our list have done a terrific job of pioneering new businesses or products and they have excelled at appropriating value from their innovations (often by creating barriers to entry).
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