- Title Pages
- Title Pages
- Part I Value
- Chapter One The Problem with Price? It’s Not Value
- Chapter Two Value and Why It Matters
- Chapter Three The Theory of Value
- Part II Inos
- Chapter Four Knowledge and Innovation
- Chapter Five How Innovative Capabilities Enable Value Creation
- Chapter Six Allocating to Firms with a Unique Capability Mix
- Part III Clusters
- Chapter Seven Birth and Growth of Clusters
- Chapter Eight Cluster Convergence, Maturation, and Death
- Chapter Nine Stable and Unstable Clusters
- Part IV Moats
- Chapter Ten The Value of Moats
- Chapter Eleven How Moats Affect Cost, Competition, and Customer Forces
- Chapter Twelve Managing Moats, for Value Creation Today and Wealth Tomorrow
- Part V The Economy
- Chapter Thirteen The Economy as a Macroprocessing Network
- Chapter Fourteen Monetary Shocks and Their Implications for the Allocator
- Part VI The Nature of Value
- Chapter Fifteen The Nature of Value Allocation
- Chapter Sixteen Conclusion
- (p.317) Chapter Sixteen Conclusion
- The Nature of Value
- Columbia University Press
This concluding chapter argues that, driven by the engine of energy, knowledge, and competition, evolution's economies will continue to deliver more value to customers as organizations continue to innovate and create knowledge. As each fresh ino is expressed, the economy adapts new forms and capabilities for improving our condition. The increasing material wealth produced by this process is no guarantee for cultural progress or a sustainable equitable future, for those matters lie beyond economy. But material wealth and progress do provide more choices for how we treat each other and the most vulnerable among us. The remainder of the chapter discusses how capital allocation is the quest for truth over the horizon.
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