Difference between revisions of "Last man standing"

From WardleyPedia
Jump to: navigation, search
m
(Key Elements)
Line 2: Line 2:
  
 
==Key Elements==
 
==Key Elements==
 +
* Recent transition from [[Product]] to [[Commodity]]
 +
* Price Elasticity of Demand: much greater consumption can be driven by lower prices
 +
* Scale efficiencies are apparent: Cost reductions are available with proper investment
 +
* Access to necessary capital for needed investments
  
 
==Context==
 
==Context==

Revision as of 16:18, 17 June 2019

You put high prices to make demand match your production capabilities and make your competition not care about their efficiency. Then you invest all the profits in your efficiency, cut prices and observe demand surge and problems of your competitors realising that efficiency was in fact critical.[1]

Key Elements

  • Recent transition from Product to Commodity
  • Price Elasticity of Demand: much greater consumption can be driven by lower prices
  • Scale efficiencies are apparent: Cost reductions are available with proper investment
  • Access to necessary capital for needed investments

Context

Examples

Counter Plays

See Also

Gameplay Patterns

References