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”
“Bian Que” is a doctor of ancient China. He met “Duke Huan”, the king of the country “Cai”, and asked, “You have a serious disease, but it is better if I only treat your skin”. Then “Duke Huan” thought that “Bian Que” was trying to cheat the skin disease to make money with the serious disease, and refused his treatment. Every 10 days, Bian Que went to give advice, but Duke Huan, who refused to treat the disease, eventually died. However, King Wen of Wei came to Bian Que and asked. “I've heard that your three brothers are all doctors, but which one is the best?” “The big brother is the best because he cures it with medicine before the disease is revealed, and the second brother is excellent because he uses acupuncture when the disease is small, and then I'm the third of them because I do surgical operations on the serious disease after it is revealed,” he replied. The king asked again. “Then who is the richest?” Bian Que also answered. “My big brother heals the disease without a...