It didn’t all change in March 2020. Not really. The UK high street has been in the throes of a gradual revolution for decades. From the rise of ecommerce, to the birth of mobile, social commerce, and a growing emphasis on experience, change has been underway for a while. In fact for many, the pandemic has acted as a wake-up call. Digital transformation was no longer a ‘nice to have’ but a matter of survival. Necessity sparked innovation and customers are enjoying more flexibility and conveni ...
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Masterclass #5: How BlackBuck drove digitization in the complex world of trucking
Manage episode 347067143 series 3242177
Content provided by SEED TO SCALE Podcast Series and Anand Daniel. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by SEED TO SCALE Podcast Series and Anand Daniel or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
Conversation Highlights
- In addition to asking if the sector is unorganized, ask whether it is inefficient. Know exactly what kind of a profit pool is available there.
- There are businesses where a tight testbed is not possible. So find your fulcrum. It takes trial and error but look for the side where your tech intervention as a marketplace will drive the most value.
- Fairness is an easy sell. Both sides of the marketplace appreciate fair policies and practices.
- Once built, marketplaces are not static. They are in dynamic equilibrium. Pay attention to both demand and supply and balance them.
- Unknown mistakes are okay. Don’t make known mistakes.
97 episodes
Manage episode 347067143 series 3242177
Content provided by SEED TO SCALE Podcast Series and Anand Daniel. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by SEED TO SCALE Podcast Series and Anand Daniel or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
Conversation Highlights
- In addition to asking if the sector is unorganized, ask whether it is inefficient. Know exactly what kind of a profit pool is available there.
- There are businesses where a tight testbed is not possible. So find your fulcrum. It takes trial and error but look for the side where your tech intervention as a marketplace will drive the most value.
- Fairness is an easy sell. Both sides of the marketplace appreciate fair policies and practices.
- Once built, marketplaces are not static. They are in dynamic equilibrium. Pay attention to both demand and supply and balance them.
- Unknown mistakes are okay. Don’t make known mistakes.
97 episodes
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