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re: Companies That Don't Innovate
Posted on 12/13/11 at 4:10 pm to nolanola
Posted on 12/13/11 at 4:10 pm to nolanola
For computers? No, I don't disagree. For everything else (iphones and tablets) which make up the overwhelming majority of their income? Yes, I disagree. Neither of those comments affects what I already said though.
Based on what? At what point in their extremely long history did Hewlett Packard and/or Compaq do anything that would suggest they were capable of doing such a thing? They've never been innovators, they've always been manufacturers. This is my point, they do different things.
I don't know what this means.
quote:
HP could have non-commoditized their product just like Apple did.
Based on what? At what point in their extremely long history did Hewlett Packard and/or Compaq do anything that would suggest they were capable of doing such a thing? They've never been innovators, they've always been manufacturers. This is my point, they do different things.
quote:
Also, Apple has gone into existing markets and didn't commoditize their products (absolute best example is the iPhone).
I don't know what this means.
0
Posted on 12/14/11 at 12:05 am to nolanola
quote:
McDonalds just typically keeps the same real estate unlike Walmart.
McDonalds' success was built on one *huge* innovation and they keep replaying it in other countries to this day, especially developing ones.
Back in 1950 the US highway system was seriously getting under way. For the first time in US history large numbers of people were getting into cars and seeing the country instead of just staying local.
So if you hop into a car for a multi-day trip, what are two of your primary concerns? 1) Food you can count on to be consistently what you expect. 2) A room you can sleep in to be consistently what you expect.
McDonald's blazed the trail on #1. If you hit the road in 1949 your choices were basically local family diners with questionable safety standards and wildly varying menus. Today you can hop onto any interstate and when you see the Golden Arches you know what you are getting. It may not be great, but you will get what you expect to get.
Mickey is doing this today in developing countries the world over. It may be a real estate company in the US, but it is coining money in the developing world.
Posted on 12/14/11 at 12:18 am to foshizzle
And to your point, internationally (as you mentioned) they've applied the model and not the product. They don't serve Chinese people in China American food, they serve Chinese people in China Chinese food. That's really understanding your market, and given how companies the world over have failed at this time and again, I find that to be impressive.
Posted on 12/14/11 at 12:22 pm to kfizzle85
quote:
internationally (as you mentioned) they've applied the model and not the product.
I find this impressive as well. A company can be a business model innovator too even if they sell the same product as everyone else (ex: Fedex).
Posted on 12/14/11 at 12:44 pm to foshizzle
one thing this thread makes me wonder is if in the long-term view of things, most companies and products have a definite shelf-life and therefore it is important to plan for success, milk the shite out of your brand/product, then know when the frick to get out before it is useless
Posted on 12/14/11 at 1:26 pm to Shankopotomus
Which is why if I was the facebook guy I would sell as fast as I could. I mean look at MySpace, it's almost worthless now.
Posted on 12/14/11 at 1:30 pm to reb13
I think that is very interesting also
Didnt he turn down like 2 billion or something? fricking SELL and let google figure it out from there....
People say facebook is here to stay and will never go away...I am here to say it will go away and it will be replaced one day. By what and by whom? no idea.
Didnt he turn down like 2 billion or something? fricking SELL and let google figure it out from there....
People say facebook is here to stay and will never go away...I am here to say it will go away and it will be replaced one day. By what and by whom? no idea.
Posted on 12/14/11 at 1:34 pm to Shankopotomus
Exactly, I have found twitter much more conducive to what I want now. And that is instant news and information. Facebook provides me and most of my friends nothing anymore. He would be better off to sell it and start something new. Hell I would probably sell and go retire on an island with an OT 10
Posted on 12/14/11 at 1:41 pm to Shankopotomus
quote:
And to your point, internationally (as you mentioned) they've applied the model and not the product. They don't serve Chinese people in China American food, they serve Chinese people in China Chinese food. That's really understanding your market, and given how companies the world over have failed at this time and again, I find that to be impressive.
Although McDonalds has greatly altered their men-u in China they still offer many of the staple items like nuggets and burgers.
I would say companies like McDonalds and Walmart are huge innovators. Just because McDonalds isn't a culinary innovator and Walmart isn't a cutting-edge manufacturer or known for their customer service doesn't make them companies that don't innovate.
In technology, business practices, operations and supply chain these are two of the biggest innovators in business today.
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