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2019 | OriginalPaper | Buchkapitel

3. The Power of Framing: If You Can’t Answer the Question, Turn It into a Question You Can Answer

verfasst von : Eric K. Clemons

Erschienen in: New Patterns of Power and Profit

Verlag: Springer International Publishing

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Abstract

Some problems are much easier to solve than they initially appear, and a simple restatement of the problem can simplify it and make the solution obvious. In this chapter, we explore how Reframing and transforming a problem can convert it from a form that is intractable and impossible to solve into one that is easier to solve and may be solved by inspection. This is really important when trying to answer questions that no one has ever answered before, and understanding the digital transformation of everything involves asking questions that no one has ever asked before. This chapter introduces our second pattern, newly vulnerable online markets, or Newly Vulnerable eMarkets. This is the start of understanding the transformation of sales and distribution channels. Online channels transform competition between manufacturers and service providers and their traditional retailers and resellers, allowing them to take over the roles previously held by retailers and resellers. We introduce five concepts for reframing. We start with a problem outside of business, to establish the power of the concept, and then move on to a business problem to demonstrate the concept’s value. We use the technique to generate our second pattern, Channel Competition and Newly Vulnerable eMarkets.

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Fußnoten
1
Security firms follow the adage “Buy low, sell high, and pocket the difference!” This requires a counterparty that buys high and sells low, which is invariably the participant in the trade with less information. That’s usually the customer. A more transparent the market provides the customer with better information. With better information, customer will get better prices on simple transactions. Wider adoption of Bloomberg would create greater pressure on trading firms.
 
2
Note that I was not suggesting that online grocery retailing could not succeed. I was suggesting that online grocery retailing would probably not be successfully initiated by a major consumer packaged goods manufacturer.
 
3
As I predicted, the initial adoption of online grocery shopping was indeed limited in the USA, where physical shopping was relatively easy. Online grocery shopping was much more quickly adopted elsewhere, where physical stores were less convenient.
 
Metadaten
Titel
The Power of Framing: If You Can’t Answer the Question, Turn It into a Question You Can Answer
verfasst von
Eric K. Clemons
Copyright-Jahr
2019
DOI
https://doi.org/10.1007/978-3-030-00443-9_3

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