https://mattsencenbaugh.com/tags/strategy/ Recent content in strategy on Matt Sencenbaugh Hugo -- gohugo.io Wed, 11 Jan 2023 00:00:00 +0000 https://mattsencenbaugh.com/value-creation-value-capture/ Wed, 11 Jan 2023 00:00:00 +0000 https://mattsencenbaugh.com/value-creation-value-capture/ One thing I wish I understood earlier in my career is that value creation is not the same as value capture. You might create a lot of value (say, by growing a lot of berries on your farm) but you might not receive much of the profits (i.e. you can’t capture the value you’ve created). This is largely due to industry structure (see Michael Porter’s body of work) dictating where profits flow.