Learn more about moneyandinvestments with this collection
The differences between Web 2.0 and Web 3.0
The future of the internet
Understanding the potential of Web 3.0
The most simplistic way to measure value creation is through Revenue. This measure ensures that the process of value undertaken wasn’t worthless, if someone is willing to pay for it.
Revenue is the measure of value creation — not profit. A company can create value without creating a profit, and many do. But they don’t do it for long.
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As we look at the changes in the way our economy has created value in the past 100 years, we’ve shifted from a focus on huge mechanical production during the industrial revolution to more creative and customized production through the information age. Software and related services dominate more a...
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A pattern of matter, energy, and/or information has economic value if the following three conditions are jointly met:
1) Irreversibility: All value-creating economic transformations and transactions are thermodynamically irreversible.
2) Entropy: All ...
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Value is created through work. This work could be mechanical (cutting a tree down and turning it into lumber) or creative (creating a logo or writing a paper). Not all work is value-creating (sisyphysian tasks like moving rocks from one place to another, then back).
The...
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Business begins with value creation. Because value creation is the starting point for all businesses, successful or not, it’s a fundamental concept to understand. Here’s what is to come in this collection of wisdom about value creation:
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Joining a company is not the only way to create wealth. As long as you can create something that people want you can create wealth and for that you don’t need a company as an intermediary.
Working hard has a high individual cost but creates the opportunity to earn more wealth than on...
It is anything that will increase your wealth without personal labor.
Hiring is difficult and costly. It’s important to find the right person for a job, but sometimes people are not willing to work somewhere else without certain conditions or benefits.
In those cases, it’s important to compromise so that you don’t lose out on top talent. You should ...
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