In Part 1, I raised the problem of intangible assets in valuation and financial analysis. Value creation follows from growth, ROIC and RONIC, where the IC stands for Invested Capital. But how do you figure out the capital spent on intangible assets (also called Intangible Assets). And how to do you separate past from future […]
Key take-aways for this article: The key to valuation is estimating growth, ROIC and RONIC. This is difficult for digital companies because of the opacity of intangible assets and investments. In Part 2, I will give you frameworks for taking apart intangible assets in digital companies. *** I am in Kuala Lumpur this week, writing […]
In this podcast, Jeffrey Towson discusses why he doesn’t like Netflix, Singapore Press, and most digital content businesses. He argues that these businesses lack a moat, which is a sustainable competitive advantage. He also argues that these businesses are too focused on quantity over quality.
In this podcast, Jeffrey Towson discusses why he doesn’t like Netflix, Singapore Press, and most digital content businesses. He argues that these businesses lack a moat, which is a sustainable competitive advantage. He also argues that these businesses are too focused on quantity over quality.
In this week’s episode, Jeff Towson dives deep into the concept of the rate of learning as a competitive advantage, a significant shift from its origins in production-intensive products to a digital necessity. He explores how Amazon and Tencent have harnessed this capacity, transforming it into a formidable competitive tool. The episode offers insightful perspectives on the ‘smile marathon’, the experience effect, and the emergence of the rate of learning as a key competitive advantage.
In this week’s episode, Jeff Towson dives deep into the concept of the rate of learning as a competitive advantage, a significant shift from its origins in production-intensive products to a digital necessity. He explores how Amazon and Tencent have harnessed this capacity, transforming it into a formidable competitive tool. The episode offers insightful perspectives on the ‘smile marathon’, the experience effect, and the emergence of the rate of learning as a key competitive advantage.
In this insightful piece, Jeff Towson explores what Xiaomi, despite its strong management team and innovative approach, can learn from the strategies employed by Apple and Amazon. He underscores the importance of a clear, effective strategy, something he believes these two tech giants excel at. Furthermore, he brings attention to the vital role that artificial intelligence (AI) plays as a strategic tool in today’s digital business landscape.
In this insightful piece, Jeff Towson explores what Xiaomi, despite its strong management team and innovative approach, can learn from the strategies employed by Apple and Amazon. He underscores the importance of a clear, effective strategy, something he believes these two tech giants excel at. Furthermore, he brings attention to the vital role that artificial intelligence (AI) plays as a strategic tool in today’s digital business landscape.
I’ve mentioned externalizing capabilities as a strategic move many times. I thought I would detail that out. It’s common strategy in digital business models. And it has been very effective at Alibaba and Amazon in particular. Several years ago, I summarized the evolution of Alibaba’s platform business models in 7 graphics. The Rise of Alibaba […]
In Part 1, I argued that Amazon’s ecommerce business was getting stronger over time (in terms of competitive strength). It has an impressive series of competitive advantages. Amazon Has a Winning Long-Term Strategy. Amazon Prime and Netflix Don’t. (1 of 2) (US-Asia Tech Strategy – Daily Article) I also teed up the idea that Amazon’s […]