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Netflix Redux: Is It Ever OK to Fire Your Customers?

Both Sides of the Table

Netflix as a service has always prided itself on movie recommendations that are tailored specifically to you plus user ratings on the quality of films. Some customer segments value the DVD business and these may be more price sensitive. Some customer segments value the convenience of instantly available films. ”). .”).

Netflix 287
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7 Ways To Keep Your Business Working Like A Startup

Startup Professionals Musings

Instead of sizing up new opportunities and actively courting every new customer, you start worrying about cutting costs, repeatable processes , and overtaking known competitors. As a consultant, I hate to see you lose that startup focus on innovation, change, and customers. As the pace of change is growing, it can happen very quickly.

Startup 154
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6 Strategies To Anticipate And Survive New Entrants

Startup Professionals Musings

Thus they are blindsided and try to react quickly when a new competitor starts stealing customers. For example, we all remember when Blockbuster realized too late that Netflix was stealing customers by offering videos online rather than via DVDs, but even then they were unable to adapt their processes and their thinking.

Metrics 71
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7 Keys To Building And Keeping A Business Innovative

Startup Professionals Musings

Some startups have a new technology, but stick to a tried-and-true business model. Netflix, which is known for its creative culture, tells employees to “Say what you think, even if it is controversial. A successful business is still all about execution, so you still need clear milestones, checkpoints, and metrics to keep you on track.

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9 Key Issues That Can Support Your Breakthrough Ideas

Startup Professionals Musings

Many aspiring entrepreneurs, especially engineers, are focused on their invention or technology, and never consider the challenges of entering the business realm until too late. Customers always have alternatives, most notably continuing to do what they do today without you. What will happen if we build it and no one comes?

Ideas 117
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7 Strategies To Accelerate Creativity In Your Company

Startup Professionals Musings

Some startups have a new technology, but stick to a tried-and-true business model. Netflix, which is known for its creative culture, tells employees to “Say what you think, even if it is controversial. A successful business is still all about execution, so you still need clear milestones, checkpoints, and metrics to keep you on track.

Company 90
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9 Key Tests For Innovation Potential In Your Startup

Startup Professionals Musings

Many aspiring entrepreneurs, especially engineers, are focused on their invention or technology, and never consider the challenges of entering the business realm until too late. Customers always have alternatives, most notably continuing to do what they do today without you. What will happen if we build it and no one comes?

Startup 102