Change the rules?
Change the rules?
So you have this great idea, but it will be a competitor to
several massive corporations who can clearly outspend, out muscle, and
generally out you every which way………..unless you can out think them and change
the rules!
Last week, I found two great examples of startups that are
doing just that, and choosing to compete with established giants, by using a
completely different business model.
Dollar Shave Club http://www.dollarshaveclub.com/ starts with the insight that buying razor
blades is a time consuming hassle and increasingly expensive, beyond any
pampering metro sexual pleasure. So, they have changed the rules. For $1, $6 or
$9 they will mail you a handle and blades once a month. Simple, no retailer, no
merchandising and no easy response from 75% share Gillette. I mean how is
Gillette going to tell Walmart that they
are direct selling against them!
Different scale, different market, same change the rules
attitude: Surf Air http://www.surfair.com/
are launching a short haul air line using exec jets……………..but charging a fixed
monthly fee to fly as often as you want! Around $800 a month to fly up and down
the California coast. Commute between LA and Santa Barbara, Palo Alta,
Monterrey. Yes please! I can’t see the Chapter 11 legacy airlines following
this one, although maybe Jet Blue?
It’s all stirring stuff isn’t it? Maybe I could quit my
cubicle and start over – or maybe someone is planning a game changer that might
hit my employer and move me out of my cubicle rather more abruptly.
So if you don’t have an escape plan yet, how will you defend
your brand if the outsider tries to change the rules?
How about getting the team together to work out a response.
Of course you’re going to need some expert facilitation, and who better than a
consultant who moved continents and went virtual five years ago to change his
own rules?
P.S. Wont happen to me? I'm glad I didn't work for a record company before iTunes, Bell before T Mobile, or even made carriage reins before Henry Ford.
P.S. Wont happen to me? I'm glad I didn't work for a record company before iTunes, Bell before T Mobile, or even made carriage reins before Henry Ford.