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by dmix
3355 days ago
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> Lesson 1: Build Your Own Competition Imagine cable/media companies or Blockbuster did what Tencent did with WeChat and Amazon did with Kindle? Focus on product development even if it means potentially cannibalizing you're existing business... Instead Netflix and Amazon Prime Video are totally dominating the marketplace for online video content and the TV studios will soon rely more and more on their platforms, platforms that are now spending billions to compete with them on content creation. Amazon is also publishing books too, competing with the bigger publishers to some extent [1]. They should consider going harder into this space like they did with movie/TV production. This is a great aspect of tech companies that 'traditional' ones continually overlook. Being future looking not protective. [1] https://kdp.amazon.com/signin?language=en_US |
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