Posts Tagged ‘creative destruction’

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    Blockbuster’s Sunk Costs

    Oct 20, 10 • 265 Views • No Comments

    When is it bad to be good at something? Blockbuster has the answer. As described by New Yorker columnist James Surowiecki, Toys ‘R Us, Barnes & Noble, and Blockbuster were known as “category killers” because they decimated their...  [read more]

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    Netflix and Buggy Whips

    Aug 14, 10 • 289 Views • 1 Comment

    After reading this NY Times article about Netflix, you might begin to think about buggy whips. I know it sounds distant but here is the connection. Entrepreneurs make an existing product or process obsolete. Netflix and Blockbuster. Amazon and Barnes &...  [read more]

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    Creative Destruction

    Apr 24, 10 • 321 Views • No Comments

    Reading Ken Auletta’s recent New Yorker article on the iPad and the Kindle, I first thought of “the razor or the blade.” While Amazon loses money on books in order to sell Kindles, razors were precisely the opposite. Get a cheap razor,...  [read more]