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”
Nature has dominated over human beings, and we belong to the cosmos. As the meaning of this fact is so broad, we often forget this relationship between nature and human beings. The movement of the earth around the sun has created a HORIZONTAL CIVILIZATION BELT on this planet. This phenomenon gave us geographical advantages in a certain zone and made the economic difference of vertical continental by agricultural weather. Geographically where I belong gives us crucial effectiveness. Look carefully at your environment such as natural location, and weather in your life planning. - Joseph’s “just my thoughts”