How Walmart and Tesla "differentiated" from competitors #startup #strategy #entrepreneur #ceo #startup #founder business strategy advice, strategy example story, what is strategy, best podcast on strategy, playing to win book

Do you really think Walmart couldn't have built as good a website as Amazon and at massive scale? I think they could have. Did they? They didn't. They said, I hope this online thing doesn't really take off because that would be a pisser because we've got 5,000 stores across America and that would be a bummer. So you've got to ask yourself the question, can I serve a particular customer need with a set of capabilities that are going to be hard to replicate by my competitors? They either can't do it or they won't do it. And both are important questions because sometimes it's won't. Same with Tesla. Tesla got a 10-year head start, not because OEMs couldn't create a fully functioning electric vehicle. They couldn't figure out how the hell you make a buck on it. And so they didn't.