Strategy & Competitive Advantage – Discussion Post and reply to another student
Description
Watch the following videos before starting the discussion:
How to Destroy Your Competition
Main idea: On entrepreneurship, by Reed Hastings, the founder of Netflix.
Link: https://www.youtube.com/watch?v=v-5xCfJ7rG4
Length: 5:43 minutes.
Geoffrey Moore, Author of Crossing the Chasm Theory
Main idea: Discusses an Amusing Way of Crossing the Chasm.
Link: https://www.youtube.com/watch?v=izP5n1SBEaI
Length: 4:08 minutes.
Top 10 Rules for Success
Main idea: On entrepreneurship, by Jeff Bezos, founder of Amazon.
Link: https://www.youtube.com/watch?v=pAdjNuE6EZQ
Length: 8:46 minutes.
Steve Jobs on Innovation
Main idea: Steve Jobs talks about innovation at his 2005 Stanford commencement address.
Link: https://www.youtube.com/watch?v=UF8uR6Z6KLc
Length: 15:05 minutes.
Crossing the Chasm – Smartphone Industry
Main idea: A short history of smartphone design.
Link: https://www.youtube.com/watch?v=bxCKeFSXI44
Length: 2:12 minutes.
The History of Wikipedia
Main idea: An example of social entrepreneurship.
Link: https://www.youtube.com/watch?v=oVFPW0r4jWk
Length: 2:47 minutes.
1. Explain the 5 stages of the industry life cycle and run it against the 5 groups mentioned in crossing the chasm concept. Which group joins at what stage of life cycle? How do you identify yourself belonging to which group? (Technology enthusiast, early adaptor, etc, etc). 2. Discuss if college education is beneficial to being an entrepreneur? (Jeff Bezos, Sara Blakely, Reed Hastings, Elon Musk, and Jimmy Wales—all have college degrees. However, Steve Jobs and some others don’t have a college degree).
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