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”
Not all of them, but conservatism seeks to maintain vested interests , while liberalism aims to reform them. Although most wealthy individuals tend to adhere to conservatism, the poor generally support liberalism. However, when it comes to voting , the poor often choose conservatism because liberalism presents a realistic view, whereas conservatism embodies the future that the poor envision in reality. The world is not so simple. - Joseph’s “just my thoughts”