The "What is Money?" Show WiM012 - The Booth Series | Episode 2 | Innovation is Unstoppable
12 snips
Apr 22, 2021 AI Snips
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Episode notes
Disruptive Innovation
- When innovation collapses distribution costs, incumbent business models reliant on controlling those networks are threatened.
- Blockbuster's extensive store network became a liability with the rise of Netflix's digital distribution.
Blockbuster's Downfall
- Blockbuster missed the opportunity to adapt to the changing landscape of media consumption when download speeds increased, leading to their downfall.
- They focused on adding candy aisles instead of adapting to the digital distribution model.
Amazon vs. Walmart
- Amazon disrupted retail by aggregating product information and offering vast selection, unlike Walmart's limited shelf space.
- This data-driven approach provides more choices and better caters to consumer demand.