How large businesses make business moves to protect themselves against existential threats.
Transcript
In order to understand business moves of large corporations, it's a useful exercise
Speaker:to consider how they relate to existential threats to their business model.
Speaker:Why did Amazon build prime video?
Speaker:To protect itself from Netflix and other streaming platforms.
Speaker:It's not hard to imagine Netflix monetizing product placements by
Speaker:offering viewers the possibility to shop for the things they see in a show.
Speaker:Nowadays we're living in the attention economy.
Speaker:If somehow instead of the web, all of the attention went to Netflix or some other
Speaker:streaming platform, Amazon would be left without much attention and thus, without
Speaker:the possibility to sell you things.
Speaker:Why did Google build Chrome?
Speaker:To protect itself from any other browser dominating the web.
Speaker:The web is where Google makes its revenue.
Speaker:Therefore, if anyone, for example, Firefox or Safari, reached the position
Speaker:of a gatekeeper who can replace Google as the default search engine
Speaker:or, worse, block ads, it would mean an existential threat to Google.
Speaker:Similarly, why did Google buy and nurture Android?
Speaker:To protect itself from any mobile platform, dominating
Speaker:the access to the user.
Speaker:If anyone, for example, Apple with the iPhone, reached the position of
Speaker:a gatekeeper who can control what apps can be installed on most users’
Speaker:devices, it could potentially become an existential threat to Google.
Speaker:So what would be an existential threat to your business?
Speaker:And what do you need to build in order to protect yourself against it?
Speaker:Do you understand your customers well enough that you
Speaker:can identify those threats?