The Race to the Bottom - S7 E51
Takeaways
- The journey of building a business involves significant milestones.
- Benchmarking against competitors can lead to a race to the bottom.
- Consumers often overlook hidden costs in services they perceive as free.
- True innovation comes from within the organization, not just cost-cutting.
- Companies that focus solely on efficiencies may stifle creativity.
📖 Buy "Blue Ocean Strategy" by W. Chan Kim | Renee Mauborgne
Suggested Content
Chapter Markers:
00:00 - Introduction to Business Growth and Challenges
02:08 - The Race to the Bottom in Business
04:57 - Innovation vs. Cost-Cutting in Competition
07:32 - Creating New Value in a Blue Ocean
Activity