A note from Sary

There are two dominant philosophies behind Value Capture: maximization and minimization. Maximization means that a business should attempt to capture as much value as possible-capturing less than the maximum amount of value possible is unacceptable, and choosing to leave value "on the table" is considered a dereliction of duty. The minimization approach means that businesses should capture as little value as possible, as long as the business maintains Sufficiency. While this approach may not bring in as much short-term revenue as maximization, it preserves the value customers see in doing business with the company, which is necessary for the business's long-term success.

Sary The Personal MBA, page 172 · October 29, 2023 Save to shelf
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