stratelogical
Joined 9 years ago
Karma
166
Submissions
40
Member since
Dec 20
Amazon PM and erstwhile HN Lurker; now noob Blogger at www.stratelogical.com
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Comment · 7 years ago
This is classic "Porter's 5 forces".
"The number and power of a company's competitive rivals, potential new market entrants, suppliers, customers, and substitute products influence a company's profitability."
There are several hundreds of thousands of restaurants (maybe millions?). There are only 2-3 aggregators. Most of the restaurants are replaceable by a similar one. So aggregators have more bargaining power.
As long as there is a profitable business model for the aggregators, the restaurants will get pushed to their lowest common profits. Without resorting to collusion with other restaurants (or asking the govt. to intervene) the only way to compete is to differentiate significantly that makes the customer desire a specific restaurant.
Comment · 7 years ago
In the US, this - "They made a pact to pull out of Gold and other discount programs for a few days." is collusion and is illegal.
If FTC allows restaurant owners (or any group of businesses) to create pacts like this against their suppliers or customers, next time, they will make similar pacts against you (the customer). "hey, what say, let's all make a pact together and increase the price of that dosa to $50?"
In reality, some industries (most famously airlines) do this kind of collusion through winks and nods anyway and is bad for consumers (very good for the industry as a whole though).
Comment · 7 years ago
In an ideal world, we wouldn't care about which company is called a tech company and which isn't. This reminds me of that famous Bezos quote to the question of whether Amazon is an internet company or not.
He said "It doesn't matter whether we are a pure internet play or not. Internet, Schminternet, it doesn't matter. What matters is obsessing over providing customer value."
https://www.youtube.com/watch?v=RyrmPMJoG0Q
That said, it is altogether a different question whether WeWork provides value for customers in a fiscally responsible and sustainable manner, and whether Nuemann has the foresight and business acumen of Bezos.
Comment · 8 years ago
Question is: would there be a lot of people willing to take these so called baby steps if they can post pics like this on the CNBC website - https://fm.cnbc.com/applications/cnbc.com/resources/img/edit..., and would that make them happier?
Where baby steps according to her is removing Facebook and Instagram apps off the phone, and logging out on the web “without fully disabling or deleting them”).
Comment · 8 years ago
Got distracted by statements like “But the belief that everyone coding would solve anyone’s problems has been shown up as completely ludicrous. If anything, computer literacy has declined over the generations as computers have got easier to use.”
Edited title now, thanks.
Comment · 8 years ago
I would add Robot deliveries to this list as well. Yes, if these take off, things will look different.
https://www.theverge.com/2017/7/25/16024470/starship-technol...