3min chapter

Lochhead on Marketing cover image

137 New Category of Humans: Native Digitals Are Transforming The World & No One’s Paying Attention!

Lochhead on Marketing

CHAPTER

The Gravitational Pull of Building a Great Business

Netflix co founders mark randolph and reed hastings famously experienced a similar moment when meeting with block buster ceo john antico in september. In two thousand four, block buster had nine thousand stores globally and was earning five point nine billion in revenue. By two thousand five, the company had lost 75 % of its market value. And in two thousand ten, block busters filed for bankruptcy. Game over. This s because the gravitational pull is too strong. A company gets used to earning hundreds of millions or billions of dollars per year and thinks it can do no wrong. Contempt weighs you down and makes it difficult to steer your ship when your life depends on it

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