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Kaihan Krippendorff

Outthink the Competition

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  • mail22801hat Zitat gemachtvor 7 Jahren
    Where factories, distribution channels, and marketing were once concentrated in a few places by a few companies, all of these are now fragmenting into distributed constellations
  • mail22801hat Zitat gemachtvor 7 Jahren
    Coordination costs are falling, and middlemen need to watch out
  • mail22801hat Zitat gemachtvor 7 Jahren
    Like good generals, jazz musicians, and skilled comedians, outthinkers know the key is timing
  • mail22801hat Zitat gemachtvor 7 Jahren
    Niche brands pop up and, at very little cost, pick off small segments of the market from incumbents who invested decades in building mass loyalty
  • mail22801hat Zitat gemachtvor 7 Jahren
    Netflix will only survive over the long-term if it adapts and becomes something different, more valuable, than simply a middleman
  • mail22801hat Zitat gemachtvor 7 Jahren
    Today that advantage is eroding. Even in production-heavy industries, of which there are fewer, factories grow smaller, more specialized, and they are easily turned on and off
  • mail22801hat Zitat gemachtvor 7 Jahren
    But several forces are pushing us beyond the Ford paradigm.
    1. The Erosion of Economies of Scale
    Previously, a company that wanted to create a new product would have to invest millions to build or retool the factory. Today that company can go to Alibaba.com and find a manufacturer ready to provide the product with minimal incremental cost
  • mail22801hat Zitat gemachtvor 7 Jahren
    There are four challenges, then, for outthinking your competition:
    1. You must first recognize where rigidity has taken hold.
    2. You must then find a new strategic option (a fourth option) that others ignore.
    3. You must figure out whether this new strategy is superior.
    4. You must slow your competitors' ability to copy your innovation
  • mail22801hat Zitat gemachtvor 7 Jahren
    . First the players fall into a routine, adopting the same practices. They are the thinkers who think inside the accepted paradigm. Then outliers, a few innovators who defy the standard practices, emerge. We will call them outthinkers, because that's what they do. Outthinkers don't outmuscle their competitors, or outspend them; they out think them
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