Akimbo: A Podcast from Seth Godin The invisible hand of business models (E)
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Dec 4, 2024 Explore the shift from traditional business models to innovative practices in today’s market. Discover how Netflix revolutionized entertainment versus the outdated approaches of movie studios. Learn about the rise of ghost restaurants and how they respond to consumer demands. Delve into personal storytelling, focusing on overcoming self-doubt and gaining confidence through creative projects. This insightful discussion reveals the importance of adapting to consumer needs and reshaping narratives for success.
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Shifting Work in Roundup
- Workers in Roundup, Montana, once mined coal.
- Now, they repackage goods from big box stores for Amazon sales, illustrating changing business models.
The Importance of Business Models
- Understanding your place within a business model is crucial for evaluating your performance.
- This understanding is also key for customers and investors.
Home Depot's Disruptive Model
- Home Depot's model, focused on large-scale, low-price selection, drove many smaller hardware stores out of business.
- This model dictates employee behavior, prioritizing efficiency over personalized service.