Conventional business logic or what I learned at MBA school is that when you start something new, you first create a ‘Minimal Viable Product’ or MVP. Which means that you create a product that just ‘gets the job done’. It also means that the first version of your product is usually sold at a comparatively… Continue reading Case Study: Tesla
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Case Study: PayPal
This continues my earlier piece on business strategy, now there are three main business strategies exist. A cost strategy such as competing on having lower prices than your competitors examples of that could include Aldi, Bunnings and Office works. Whereas, a differentiated product or service strategy means identifying a product or service that you could do… Continue reading Case Study: PayPal