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”
“Poverty charges interest,” said American singer Tay Zonday . If you don’t have money to buy toothpaste or a toothbrush , you will pay for the implant next year. This applies even to those with physical disabilities . People with disabilities often pay more for the average distance traveled. In contrast, the costs for the wealthy or non-disabled are cheaper and more efficient than those for others. Weakness is not merely a product of comparing superiority and inferiority. The moment I recognize my weakness, I must keep in mind the price I will pay in the future, and the world must charge me that interest. We often try to forget that this accumulation of poverty interest s makes us poorer. - Joseph’s “just my thoughts”