A great product vs great business model which one do play more significant contribution to business success.
Having a great product is definitely a plus in doing business. Yet, great product alone seems not enough. Let's take few minutes to scan through 2 world most successful products i.e. McDonald's and Apple and etc. McDonald's hamburger is certainly not the most delicious hamberger on our entire planet. Many people claim that they can make more delicious hamberger than McDonald's but yet McDonald's is world #1 hamberger company.
Samsung has claimed that its mobile screen technology "Super Amoled" is better than iPhone Retina Technology. Perhaps, the Korean is right. Nevertheless, iPhone is more popular and more successful than Samsung Galaxy S and other models combined.
Why?? What play behind the success of those products? The answer is "Business Model."
Next time we will come see together what is a business model?
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