3 ms·
It's dismissive to say that these customers all lack long-term thinking. Even if you can accurately predict that the free one is going to kill off the competiti
by hot_gril 3y ago
It's dismissive to say that these customers all lack long-term thinking. Even if you can accurately predict that the free one is going to kill off the competition, where's the long-term thinking in using the competitor? Besides, upfront costs have long-term ramifications too.
- tonymet 3y agoHere are a few subject areas exhibiting short term thinking * music producers and iTunes * movie studios & Netflix * retailers (e.g. Toys R Us) and amazon * Zynga & FB * Taxi drivers & Uber * short-term-rental buyers (taking massive risk) & AirBNB There are hundreds of these cases. Within 2-5 years the risk will change. The solution isn’t “use the competitor”. The proposal I’m making is “don’t fund the business that is out to destroy you”
- hot_gril 3y agoIn most of these cases, the individual couldn't make a difference, especially taxi drivers.