The best proxy that a company knows the loops of it and its market is whether they've ever done a full transition of their primary source of profit
-
I thought implicit in this was doing it well. But yes I don't mean things that just die
Okay contingent on the company not dying in the original market? Still don't think it's totally right. I can't think of any counterexamples that you'd recognize, but I can tell you from my own operational experience that this is not true.
-
-
Are you making the strong or weak counter? - strong: this is bad proxy - weak: this doesn't capture all of them
-
I'm going to make the strong counter, because I think the best proxy is not this. The best proxy would be market share + gross margins + history. With that said, it's not a bad proxy.
- 2 more replies
New conversation -
-
-
We started doing innovative product development in and then selling it wholesale to retail stores. Then in 2014 I put some chips in selling direct on Amazon. I didn't really understand my market. I was making so-so money, but the bet worked so I transitioned completely.
-
You're definitely right that there are flavors of this pre product market for that I'm not intending to talk about and don't show knowledge of loops. Hmm will think of better precision Haha this site is so great. Instantaneous feedback loops
- 2 more replies
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.