I remember reading about Nucor in “Innovator’s Solution.” I’m curious if you think he captured what happened accurately. Did you get the sense Nucor was targeting a market the incumbents didn’t feel like defending or did they simply just flat out out-compete their peers?
I remember going to RadioShack to pick up supplies to tinker with electronics, something that seems to be less practical these days. After all, pretty much all of our electronic toys are un-upgradable and sealed to us these days. It makes sense, too, that all those folks who were dedicated tinkerers would be fine moving to online channels and communities. I wonder if RadioShack could have leveraged it’s community in the early days and built up an omnichannel experience.
How do you think they’ll respond to increasing pressure from regulators and the public regarding the high price of drugs? How can they communicate the value they claim to create?