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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 #0239

The world is structured so that when individuals can’t fulfill their needs alone, they each contribute their strengths. In essence, professionalism stems from choice, focus, and persistence. Highly talented individuals often face numerous internal barriers while striving to develop these qualities. This is the curse of talent, caused by the wide variety of available choices. When one engages in diverse activities and achieves success, rejection takes precedence over choice. Varied talents serve as the primary fuel for conflict.


- Joseph’s “just my thoughts”








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