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Just my thoughts #0752

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”
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Just my thoughts #0036

The poorer persons are, the more likely they are to consider the system they are in, not their abilities or character. The poor are more likely to choose to live in ways that make them poorer. It's not because they're stupid, it's because the system they're in leads them to make those choices. Rutker Bregman, a Dutch historian and author, says that everyone is forced to make such decisions when they are placed in this environment. The way out of this system is to change your worldview. Poverty is a state of being, not an outcome.


- Joseph's "just my thoughts"




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