A short $BABA thread
Joseph Tsai, the second most important man behind the success of $BABA shared that all $BABA's products have a 10 year time frame and follow the below strategic plan.
Joseph Tsai, the second most important man behind the success of $BABA shared that all $BABA's products have a 10 year time frame and follow the below strategic plan.
In year 1-3 👉 $BABA focuses on creating a product that people like, and $BABA do not focus on revenue at all
In Year 3-5 👉 start to develop a revenue model, and think about how can we earn a revenue of the product.
In Year 3-5 👉 start to develop a revenue model, and think about how can we earn a revenue of the product.
In year 5-7 👉 $BABA tries to find a path to profitability about the product now.
In year 7-10 👉 $BABA tries to harvest all the fruits that was previously planted, and really start to make profit of the product.
In year 7-10 👉 $BABA tries to harvest all the fruits that was previously planted, and really start to make profit of the product.
In year 10 👉 $BABA tries to reinvent the product, and tries to innovate the product over again, because you must innovate to be relevant.
This is how $BABA approaches their product. Every product is a long term project, which always started off with a goal to become a product that people like without thinking about revenue or profitability.Value creation is the key above all things.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
