Quote:
Originally Posted by Conan46
Another thing with books is that Amazon has the stats from sales to know at what price ebooks/books sell well. They tried to tell publishers this, but publishers balked. That is why we now have "Amazon the book publisher" and why they have their own lending library. Sometimes I'm not sure if the situation exists because Amazon is so smart, or all these other businesses are so very stupid.
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Both of your last posts are spot-on. And I think it is a combination of both Amazon doing things right and other businesses doing things stupidly. Amazon apparently introduced KDP at the same time as the Kindle. We'll probably never know for sure, but I suspect that by that stage and probably before Amazon had realised what they were dealing with in the Big 5, and that they would have to move to secure their own independent supply of books. The Big 5 faced the classic innovator's dilemna. The only way they could have won in the longer term was to disrupt their own very satisfactory business model. In effect compete against themselves. Instead they chose to try to protect that model at all costs, following the position adopted by virtually all businesses faced with the same problem in the past. Businesses that mostly ceased to exist long ago.
Amazon may well continue to dominate for a long long time if it continues its present culture and its competitors continue to act so stupidly,