Companies usually Determine strategies that are consistent with customers, employees, investors and regulators. The more they know how they decide, the clearer their own strategy becomes.
If regulators always prefer consumer choice, it’s easy for the platform to allow multiple payment options. Shopify allows multiple payment options from partners, but Apple doesn’t.
With regulatory intervention, that would have to be done now.
Nash equilibrium and Netflix time
Nash equilibrium is a fascinating post-explanation of some of the most interesting decisions that are often made in business.
Simply put, Nash Equilibrium states that if you clarify the decision on the other side, you can make your own decision without regrets. In other words, once each side knows what the best position on the other side is in those combined transactions, there is no incentive to change the strategy.
Ignoring retail means that the market available for service is small, so all physical products cannot escape retail. But that’s a choice a company can make.
I see this playing at home every weekend. You can read a book alone or watch Netflix with your child, but it’s a shame if Netflix becomes available and your child decides to read a book.
DTC, DNVB, Game Theory
At DTC, how a company decides on an omni-channel strategy depends on what the customer’s choices are and how well they know what the ideal strategy is. For many transactions, constraints are actually a good enforcement feature. Constraints help narrow down your choices and reach equilibrium faster and cheaper.
Marketing and public market filing languages bring compelling reading to the minds of businesses.
when Warby Parker In submitting an IPO prospectus last month, the company mentioned its digital native status in the past tense. This model effectively reversed in 2020 as online sales as a percentage of total sales fell from 65% to 40%. Meanwhile, the number of physical stores has increased from 126 to 145.
How DTC companies decide which strategy to follow – TechCrunch Source link How DTC companies decide which strategy to follow – TechCrunch