Scale Economies, Network Effects, Branding, and More: The 7 Powers of Product Strategy [Part II]

Written by colivetree | Published 2020/05/08
Tech Story Tags: product-management | the-7-powers | scale-economies | switching-costs | branding | product-strategy | network-effect | startups

TLDR The 7 Powers synthesizes the key types of strategic power one can aim to achieve and what benefits and barriers each of the powers carries with it. Some of them are well-known and well-studied, like network effects, while others might take a more in-depth analysis to get used to. Scale economies allow Netflix to invest in premium content, produce their own shows in Spotify and distribute the costs of their purchases over a much larger user base than their competitors. Networks like Facebook can now add any new user or advertiser at near-zero additional cost.via the TL;DR App

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Written by colivetree | Product Manager. Ex-Farfetch, Skyscanner. Working on something new.
Published by HackerNoon on 2020/05/08