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Some interesting notes to take for this chapter
1) Never be afraid to step out and think outside the box. Netflix was rejected by many but then became its own giant
2) Predict FUTURE RISK and plan for backup gradually. Eg: How Netflix predicted that the licensing agreements from different productions will be toned down so they invest in a production house and produce their own series (House of Cards first)
— Aug 11, 2021 11:03PM
1) Never be afraid to step out and think outside the box. Netflix was rejected by many but then became its own giant
2) Predict FUTURE RISK and plan for backup gradually. Eg: How Netflix predicted that the licensing agreements from different productions will be toned down so they invest in a production house and produce their own series (House of Cards first)
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Afi ’s Previous Updates
Afi (WhatAfiReads)
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Author highlights even with all of these steps from the Giant companies, one day, someone will think of something more innovative to compete and have more algorithms that are more competent.
My note
- Easy to read. The references are relatable along with our world now.
- Adequate information and references with a balanced examples of different market categories
- Highlights importance of R&D (constant improvement
— Aug 11, 2021 11:10PM
My note
- Easy to read. The references are relatable along with our world now.
- Adequate information and references with a balanced examples of different market categories
- Highlights importance of R&D (constant improvement
Afi (WhatAfiReads)
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cont-
Also highlights that even with all these techniques, traditional businesses to merge with this needs HIGH COSTS.
However, with the rise of digitization and expertise, its bound to have increase of competition. Eg: How disney rose up in 2019 to compete with Netflix. Has high revenue outcome too.
Some notable quotes
- Companies don't compete against each other, their companies do
— Aug 11, 2021 11:07PM
Also highlights that even with all these techniques, traditional businesses to merge with this needs HIGH COSTS.
However, with the rise of digitization and expertise, its bound to have increase of competition. Eg: How disney rose up in 2019 to compete with Netflix. Has high revenue outcome too.
Some notable quotes
- Companies don't compete against each other, their companies do
Afi (WhatAfiReads)
is on page 18 of 224
cont
- Takes into account the USABILITY of the device. Ease of use in device will ensure end user be able to use it well, with a good interface and something that is convenient. At the end of the day, CONSUMERS needs is prioritized
- Investing smart is the KEY. Highly experts, investing in R&D for further research in enhancing algorithm and development of digital platform
— Aug 11, 2021 11:05PM
- Takes into account the USABILITY of the device. Ease of use in device will ensure end user be able to use it well, with a good interface and something that is convenient. At the end of the day, CONSUMERS needs is prioritized
- Investing smart is the KEY. Highly experts, investing in R&D for further research in enhancing algorithm and development of digital platform
Afi (WhatAfiReads)
is on page 18 of 224
1st chapter: Why Digital Giants Are Winning
- Author compares the digital market now with giants in the industry like Netflix and Amazon in movie streaming and e-commerce
- Some of the insights that all these giants have are RESOURCES. Enough resources like manpower, digital platform and experts increases revenue
- IDEAS and INNOVATION that plans ahead even in time and calculate potential risks that will come
— Aug 11, 2021 11:01PM
- Author compares the digital market now with giants in the industry like Netflix and Amazon in movie streaming and e-commerce
- Some of the insights that all these giants have are RESOURCES. Enough resources like manpower, digital platform and experts increases revenue
- IDEAS and INNOVATION that plans ahead even in time and calculate potential risks that will come
