How to compete with big players in the industry
- Work step by step and analyze your competitors’ value chain.
- De-construct their value chain
- Find their weaknesses in the chain and bring to customers something your competitors couldn’t.
- Beat them on their weakness using appropriate and specific strategy
Blockbuster vs. Netflix
- customer focus vs. marketing focus
- data-driven and forward-looking
- Netflix’s advantage
- selection
- convenience
- price
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recency
monitoring
