Business · Career · Misconceptions · Psychology

The narrative fallacy

I am currently reading ‘The everything store’ by Brad Stone. The book gives a first hand account of Amazon’s growth from an online book store to a store that sells everything. The book speaks about something called the ‘narrative fallacy’, which Jeff Bezos (CEO of Amazon) mentions when he is asked to explain Amazon’s success.… Continue reading The narrative fallacy

Business · Won't hurt to know

The rise of Netflix and the fall of Blockbuster

The media giant, Netflix had a spectacular entry in the media space and ousted Blockbuster from its roots, slowly and effortlessly. The rise of Netflix and simultaneous fall of Blockbuster was particularly interesting for me, to read. What I take away from this is that disruptive forces are not going to flash alarms and red… Continue reading The rise of Netflix and the fall of Blockbuster