An important aspect of understanding your business ecosystem is knowing your position within it (positioning), whether you hold a higher or lower (subordinate) role, and whether your offerings are substitutes or complements. Netflix started as a DVD rental service. With the rise of online streaming, Netflix saw it as a replacement for DVD rentals. Kimbap and Ramen are complementary goods, but Ramen and Udon are substitutes. This is why, even when setting up a snack bar, paying attention to the menu is crucial. Complementary goods increase sales, while substitutes are more likely to lead to no change or even a decline in sales. - Joseph’s “just my thoughts”
You probably think that your ability can determine your competitiveness. So you might think that ability should be important in professions. Then think about it. When you're working, if there's a person next to you who has the best ability, you might give up your job for that person. The essence of occupation is competition and ignorance. These two properties will tell you that there is still something to challenge and achieve in your life. But if you acknowledge reality accurately, you will wander your way. If you consider more, you will realize that the driving forces of challenge and achievement have belonged to the "ignorance of competition."
- Joseph's "just my thoughts"
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