The sweet afterglow of success has a way of redefining as brilliant decisions all of the ways you got lucky and glossing over a lot of little things that never were quite right along the way.Cognitive approach to learning pdf it can also blind you to a shifting landscape and emerging threats and opportunities. The skills, strategies, and activities that got you to this point may not be the same ones that that can take you to the next level.Cognitive approach to learning pdf

Suddenly customers had a much better chance of finding that new hit movie in stock, and the second and third choice options were now considerably better, too.Cognitive approach to learning pdf if you were in the mood for something different, you could browse rows and rows of movies, and now video games too, or get recommendations from a large and well-trained staff.Cognitive approach to learning pdf gone were the pesky upfront membership fees.

Within a couple of years, cook had sold the fast-growing company to successful entrepreneur wayne huizenga, and it was soon opening a new store every 24 hours.Cognitive approach to learning pdf the home video market was growing rapidly as the cost of vcrs came down, and the growth accelerated as videotapes gave way to dvds. Over the next decade, the company would continue to expand rapidly, growing to 8,000 stores at its peak.Cognitive approach to learning pdf the local video stores closed or were bought by regional chains, most of which were eventually acquired by blockbuster. Your strategy works until it doesn’t

cognitive approach to learning pdf

At the time, nobody was better at the business of renting out movies through physical stores than blockbuster, and the company was busy leveraging its superior operating leverage to acquire just about all of its major competitors.Cognitive approach to learning pdf the company was unquestionably successful at executing the industry’s dominant business model, but success was a poor teacher for helping its leaders see the potential vulnerabilities of that business model, how the landscape was beginning to change, and how new competitors with new business models might challenge the status quo.Cognitive approach to learning pdf

It was expensive to build and maintain all of those brick-and-mortar locations and to stock and staff them. Netflix had no physical locations to build and maintain and stock and staff, and it was able to create convenience advantages of their own.Cognitive approach to learning pdf renters no longer had to endure the weather and traffic to visit a store to find something to watch. They now could build their own queue of entertainment choices in the comfort of their own homes.Cognitive approach to learning pdf

Netflix maintained one inventory that could serve the whole country. This larger market also meant they could profitably stock more rare, unique and special interest programming, creating what wired magazine editor chris anderson would later call “ the long tail.” this advantage was further expanded as netflix was able to reinvest its profits into developing its digital streaming service that would completely change the game and eventually come to dominate home entertainment.Cognitive approach to learning pdf

Your business model works until it doesn’t, and your success in the past is a poor teacher for what it will take to be successful in the future, particularly in this era of rapid and dynamic change. Delivering this quarter’s results today is important, but don’t forget to set aside a little time to work on how you’re going to deliver even better results a few quarters from now.Cognitive approach to learning pdf

JP nicols is a trusted advisor to companies from startups to the fortune 500, a popular writer, a top-rated speaker. His groundbreaking work on innovation has been featured in forbes and other publications.Cognitive approach to learning pdf he is also cohost of breaking banks , the world’s no. 1 global fintech radio show and podcast created by fintech futurist and bestselling author brett king.Cognitive approach to learning pdf