New businesses (or existing ones in new markets) become successful by creating a capability, excelling at it, and then transforming that advantage to a "position based competitive advantage". This allows them to build defensibility and lock in the economic benefits of their scale. This has been the standard model for how businesses are expected to behave if they are acting to maximize the economics of their strategies (i.e. profits)… (more)
For the introductory Part 1 of this article, please click here.
Gateways to the rescue!
If you ask who's been the most innovative company of the last 5 years in the payments space, many will answer with Stripe. As a payment gateway, Stripe has essentially improved upon what PayPal started 15 years ago - making it easier for businesses to accept payments on the internet. They do this by handling… (more)
We live in an increasingly
connected chatty world. Exchanging information has gotten easy and that's important. Yet, we haven't gone much beyond it. Perhaps the most frustrating is why we still can't easily transact value. Even in relatively "free" parts of the world where exchange of information across borders is cheap and convenient, sending value, aka money, is not. As the saying goes: how come I can put money in
One of the concepts that has been pretty intriguing to me for a while is around how we transact value. The premise that distributed ledgers such as Blockchain can transform the technical infrastructure of our financial system and change the way we all think about financial transactions is very treacherous: it manages to grab the imagination of many smart people, yet proposes (and to date has not been able) to… (more)