Apple has captured a lot of values in markets to become a near-$2 trillion company. You need to capture value for your enterprise even as you create value for customers. IT improves productivity but sometimes the web not only improves efficiency in the utilization of factors of production but also helps to transfer or destroy value. So, there is the risk that you could be doing great things for your customers but the value created, you are not capturing. If you allow that redesign, your enterprise can collapse.
In this video, I challenge us to use the One Oasis Strategy and Double Play Strategy to build business models that will ensure that we capture enterprise value even as we create for customers. Skype creates great value for customers but it has struggled to capture most value; so, Skype remains a sojourner, constantly being passed around by buyers and sellers. Do not be like Skype.
Play at both edges of the smiling curve and leave the center. Apple plays at both edges of the smiling curves while partners pick the center. In the financial services domain in Nigeria, companies like Interswitch (which controls Verve) and Flutterwave play at the edges while most banks are still wasting efforts at the center. The banks do the hard work but the fintechs capture the highest value. Do not be like some banks, still tethered at the center, move to the edges.
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