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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