A Quote by Charlie Munger
A business model that relies on trickery is doomed to fail.
Related Quotes
If you have a business model that relies on customers being misinformed, you better start working on changing your business model.
The same products, services or technologies can fail or succeed depending on the business model you choose. Exploring the possibilities is critical to finding a successful business model. Settling on first ideas risks the possibility of missing potential that can only be discovered by prototyping and testing different alternatives.
Startups don’t fail because they lack a product; they fail because they lack customers and a profitable business model.
A business model that hasn't been tried before is always interesting, even if it's likely to fail.
We don't have a business model for health care in this country, We just have a business model for care. The way doctors and hospitals get paid is something bad has got to happen. It's a pure reactive model.
It's extremely hard to build a company with a product that everyone loves, is free and has no business model, and then to innovate a business model. I did that with Kazaa, had half a billion downloads but that wasn't a sustainable business.
The basic problem is with the business model of journalism. That business model is premised on the idea that talk is cheap and reporting is expensive.
All too often, a successful new business model becomes the business model for companies not creative enough to invent their own.
If you ask me, 'So what is your business model?' Our business model's always about shifting to higher value opportunities.
If you or I fail at business, we fail. If we cheat and fail, we go to jail. But if you're rich and politically connected, your incompetence may be protected by a government bailout.
There is a long history of newspapers being doomed. They were doomed by radio. They were doomed by television. They were probably doomed by the telegraph way back when.
Generally, the technology that enables disruption is developed in the companies that are the practitioners of the original technology. That's where the understanding of the technology first comes together. They usually can't commercialize the technology because they have to couple it with the business model innovation, and because they tend to try to take all of their technologies to market through their original business model, somebody else just picks up the technology and changes the world through the business model innovation.
... the whole sickening trickery in life -- the idea that one cannot fight for one's humanity without, ironically, losing it ... that trickery is the real enemy and the very essence of the thing we must continually be on our guard against.
The networks have a particular agenda, a particular model and structure. It doesn't have anything to do with content. This is not a dis on them - they are a business model, run by business people.
Mmm....she's doomed! You're doomed!! They're all doomed! Notice I didn't specify what kind of doom, so no matter what happens, I predicted it. How very WISE of me.
There is no future in which bits will be harder to copy than they are today ... Any business model that based on the idea that bits will be harder to copy is doomed.
Related Authors
Bill Gates Quotes
American
Businessman
Dieter F. Uchtdorf Quotes
German
Businessman
Elon Musk Quotes
South African
Businessman
Henry Ford Quotes
American
Businessman
Jim Rohn Quotes
American
Businessman
Joseph B. Wirthlin Quotes
American
Businessman
Mark Cuban Quotes
American
Businessman
Mark Zuckerberg Quotes
American
Businessman
Peter Drucker Quotes
American
Businessman
Richard Branson Quotes
British
Businessman
Russell Simmons Quotes
American
Businessman
Sam Altman Quotes
American
Businessman
Steve Jobs Quotes
American
Businessman
Tom Peters Quotes
American
Businessman
Walt Disney Quotes
American
Businessman
Warren Buffett Quotes
American
Businessman