What's Your Business Model Choice - Hammers or Casino? - DataScienceCentral.com

We are in the middle of a business model revolution. And we are active participants in that revolution. We have been transitioning from a society where possession and application of physical commodities defined wealth and power, to a society where possession and application of knowledge define wealth and power. Throughout the 20th century, oil had been the most valuable commodity in defining wealth and power. Possession and application of oil defined the fortunes of individuals (John D. Rockefeller, H.L. Hunt, Paul Getty), companies (Standard Oil, ExxonMobil, Shell, BP), and countries (United States, Russia, Saudi Arab, Iraq, Canada, Venezuela).