Comments on: We don't have any competition

By: Anonymous

Anonymous — Tue, 04 Apr 2006 21:05:31 +0000

Excellent points there.
There are always exceptions to the rules. Take a look at the book “Blue Ocean Strategy” that talks about playing in uncontested marketplaces.
The problems with navigating unchartered territories is simply that your competition will not be another player but “status quo.” Before you entered into this marketplace, things were happening and the “customers” need to have a strong reason to do something else. They need a very big incentive to change their current behaviors.
Lastly, we all know that timing plays a very important role in all these things.
Cheers,
Rajesh

By: Anonymous

Anonymous — Tue, 04 Apr 2006 20:19:17 +0000

I’ve been reading “The Innovators Solution” by Clayton Christensen. This book outlines that an innovator has a higher chance of success if he picks a product (or disruptive innovation) that can be marketed to
(a) Customers that have not been addressed by any established player (In which case you would have little competition).
(b) Customers who are expendable to established players (In which case the established players would be happy to exit this low margin business and allow the innovator to flourish).
Isn’t there anything to be said for an innovation that defines a new market?
I do agree with the rest of the points you have raised. Great Post!

By: Anonymous

Anonymous — Mon, 03 Apr 2006 22:14:03 +0000

Hello there:
First, thank you for reaching out.
I don’t know your name so I don’t know how to address you
Of course, you can share your idea with me. I am open to hearing it.
However, think about your idea long and hard. Ask some of the questions to yourself:
1) Is this solving a problem?
2) Is this solving a problem for which someone is willing to pay a price?
3) Do you know who will pay for it?
4) If yes, how big is the market?
If the answers for all the above are still compelling, what could you do to convince a few people to join you in this journey to think through and make it happen?
All the best to you.
Cheers,
Rajesh

By: Anonymous

Anonymous — Mon, 03 Apr 2006 17:23:16 +0000

Could ‘technology’, as a barrier, be a reason why there is no competition? Can it be said in these times that technology is not a barrier?
I actually have an idea (I am not saying that its good/bad/ugly ) but dont know hot to technologically handle it without incurring huge costs.. I am willing to share this with you, if interested.