As soon as I started listening/watching, I liked this video, as I was sure I’d like it. But now that I’ve seen/heard it, I want to “love” this video but there’s no heart icon (like Twitter has) and so I’ll have to just leave my reaction with the simple thumbs up.
In your closing, you mentioned about Innovator's Gift in solving our customer problem a whole lot better. You did mentioned also being different. And in your LinkedIn post, you mentioned "Different > Better Incumbents always win when you play the better game because of inertia. Break the pattern by being different, not better. Force a choice versus a comparison." Maybe the context is different, but how we see "better" in these different contexts? This is a good video every founder and team need to see. I called a team meeting because of this video. Thank you Sir!
@@Bryanica When you change the axes by which customers judge better and go to extremes, you create something different :) It still needs to be “better” in those new areas but often starts out worse in the old axes.
Many overlook the real threat-losing FOCUS on their unique value. COMPETITION isn’t just about others; it’s about staying TRUE to your vision. Stay SHARP, innovate, and keep pushing boundaries. 🚀💡
If you can't find any competitors, your product either no market or you are vey smart. No market: somebody already innovates same product but failure and the product already inexists. Very smart: you innovate new products with new market. No competitor or having competitor , which one is risky?
You have misunderstood the way of founders claiming they have no competition, there is a difference between direct and indirect competition founders who claim they have no competition what this really means is that they do not have direct competition who have the same innovative or differentiated products or services as themselves, direct competition means similar products/services indirect competition means different or innovative services or products that the existing alternatives do not have the same alternatives as theirs.
I have read both books… I’ll make my argument differently. You said there’s direct and indirect competition, right? But isn’t the word competition in both? So you can’t claim “no” competition. The more disruptive a product the more direct threat is indirect vs direct competition. Kind of ironic, isn’t it?
@@AshMaurya There is always an old way of doing things in business and also a new way and innovative or improved way of doing things this means a business model that is outdated cannot compete at the same level as the innovative one for example traditional taxi's cannot compete at the same level as Uber so in this case Uber has a very strong entry barrier and that makes it a company that has no competition competing at the same level as Uber.
As soon as I started listening/watching, I liked this video, as I was sure I’d like it. But now that I’ve seen/heard it, I want to “love” this video but there’s no heart icon (like Twitter has) and so I’ll have to just leave my reaction with the simple thumbs up.
I'm super glad on stumbling on one your video. ❤
In your closing, you mentioned about Innovator's Gift in solving our customer problem a whole lot better. You did mentioned also being different.
And in your LinkedIn post, you mentioned
"Different > Better
Incumbents always win when you play the better game because of inertia.
Break the pattern by being different, not better.
Force a choice versus a comparison."
Maybe the context is different, but how we see "better" in these different contexts? This is a good video every founder and team need to see. I called a team meeting because of this video. Thank you Sir!
@@Bryanica When you change the axes by which customers judge better and go to extremes, you create something different :)
It still needs to be “better” in those new areas but often starts out worse in the old axes.
Great video! I like how succinct and straight to the point your content is.
The OG 👍
Excellent video - thank you
You misspelled believe :)
Many overlook the real threat-losing FOCUS on their unique value.
COMPETITION isn’t just about others; it’s about staying TRUE to your vision. Stay SHARP, innovate, and keep pushing boundaries. 🚀💡
Mr. Ash what watch model do you wear?
I have two youtube accounts.. Subscribed in both 👍
Are you available for coffee chats with early stage startups?
Xerox machine - Photocopying.
Old way: Spirit duplicators
@@spinbizzy8421 And before that, carbon copies when typing
And before that and that, you could always just carve it into a stone tablet!😄
Gutenbergs printing press.
Old way was secretary pools.
AI. From reading websites to generating answers
Speak to a librarian. Read a 100 books :D
Storytelling, from consultant
Jobs to be Done Theory
If you can't find any competitors, your product either no market or you are vey smart.
No market: somebody already innovates same product but failure and the product already inexists.
Very smart: you innovate new products with new market.
No competitor or having competitor , which one is risky?
New market is still base upon mixing old markets together or mixing them and extending thwm a bit
@@jakobdango170 true
You have misunderstood the way of founders claiming they have no competition, there is a difference between direct and indirect competition founders who claim they have no competition what this really means is that they do not have direct competition who have the same innovative or differentiated products or services as themselves, direct competition means similar products/services indirect competition means different or innovative services or products that the existing alternatives do not have the same alternatives as theirs.
@@Foundrly That’s a weak argument because from a customer perspective, that distinction doesn’t matter.
@@AshMaurya
So tell me what is saturation in a market or business why do companies become monopolies like iphone?
Read the millionaire fastlane comandment of entry chapter then you will understand competition better and also zero to hundred by peter thiel.
I have read both books… I’ll make my argument differently. You said there’s direct and indirect competition, right? But isn’t the word competition in both? So you can’t claim “no” competition.
The more disruptive a product the more direct threat is indirect vs direct competition. Kind of ironic, isn’t it?
@@AshMaurya
There is always an old way of doing things in business and also a new way and innovative or improved way of doing things this means a business model that is outdated cannot compete at the same level as the innovative one for example traditional taxi's cannot compete at the same level as Uber so in this case Uber has a very strong entry barrier and that makes it a company that has no competition competing at the same level as Uber.
Do same job, but using different approach to the job.