Netflix initially started as a DVD rental service and grew, but it soon encountered a crisis with video streaming technology. Nevertheless, it wasn’t feasible to abruptly abandon the existing business and transition to a digital distribution model, highlighting the significant conflict involved! Video streaming technology is not a complementary service to DVD rental; rather, it serves as an alternative. When expanding or improving a business, it’s crucial to clearly understand the defining attributes of the target product or service. Burgers and french fries complement each other, while burgers and chicken sandwiches are substitutes. - Joseph’s “just my thoughts”
Once we complete our hard work as a team, we celebrate together with a party. This event allows everyone to set aside any grudges and offer comfort and encouragement to one another. Such emotional exchanges contribute to the overall success of our efforts. Regardless of the work’s significance, its value and meaning diminish without these small yet crucial emotional rewards. In fact, lingering feelings of resentment or vengeance can arise in the absence of such acknowledgment, revealing a complex emotional landscape. A great leader understands and values these emotional experiences.
- Joseph’s “just my thoughts”
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