The New York Times offers a good illustration. There are two customers who matter to the Times: readers and advertisers. In the case of readers, there are lots of jobs that arise in their world—and the Times tries to do more and more jobs for the same set of customers. For example: Help readers unwind at the end of the day. Provide readers with up-to-date news. Help readers become informed. Help readers fill their time productively. But with each additional job that the Times solves, it finds itself up against a competitor who focuses only on that job—and does it very well. The Economist is a
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