Creating real value for the long term has been the basis for the ideas I have talked about in this blog. This is of course large influenced by the likes of Umair Haque, Taylor Davidson etc. However, this post by one of our incubators has let me wondering about the merits of such thinking:
take a winning formula and adopt it to a new platform. Almost seems like a cookie cutter formula for success, provided you can execute well.
The key for me is the definition of success. If your business is solely in it for the purpose of making money, then I think what Kenneth is saying makes sense. Don't be too fanciful. Take something proven, adapt it for the new platform or markets, and launch it well. Scott Rafer (during his unconfernce speech in Singapore) mentions similar things as well. Don't try to innovate too much. Do something dumb like directory services, data collection etc but make sure the market is big enough.
On the other hand, trying to create real value seems to require more experiments and innovations. Daring to push the boundaris and test new forms of thinking are essential to reshape outdated economics. The end might not be clear but at least there is something worth fighting for in the things you do.
Of course, both might not be mutually exclusive. You can copy a model that creates lots of value, liking developing a Hello Health for Asia.
What is your view? Am I making any sense after the long break?
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