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Which markets have they entered and failed? They are certainly hit or miss on product design but their execution entering markets has been a high successful fo
by radiorental 8y ago
Which markets have they entered and failed?
They are certainly hit or miss on product design but their execution entering markets has been a high successful formula. Razor thin margins until the competition bleeds to death. I would like to understand examples of where they failed there?
I will also grant you that they do take a big of a 'see what sticks to the wall' approach to innovation. But do not mistake rapid iteration as a singular 'failure'
- krisroadruck 8y agoTheir attempt to enter the mobile phone market meeting with pretty spectacular failure is the first example that comes to mind.
- radiorental 8y agoThat's a product, not a marketplace
- slenk 8y agoA product to get a foothold in the market, with which they could not.
- wgerard 8y agoOff the top of my head: 1) Mobile phones with the Fire phone - don't think this one requires any explanation. 2) Handmade goods with Amazon Handmade - Etsy's doing better than ever. 3) Travel with Destinations - don't think they've even tried to re-enter this market. I'm sure I could find more, but we tend not to remember a company's failures (unless they're spectacular) as much as successes.
- taco_emoji 8y agoAmazon Local, meant to compete with Groupon.