Famous quote by Steve Case

"And what we did with this new company in 1985 is we did start focusing on PCs instead of video game machines, because we learned the hard lesson about bringing a product to market in a consumer world where it's very expensive to build a brand and get distribution and so forth"

About this Quote

This quote by Steve Case shows a pivotal moment in the tactical direction and organization viewpoint of a company transitioning throughout the mid-1980s. It reveals insights into the obstacles and learning curves come across when bringing a product to market in the consumer innovation sector.

To start with, the choice to concentrate on computers (PCs) rather than video game makers suggests a tactical pivot driven by market truths and developing consumer requirements. Throughout the 1980s, the PC market was growing, providing an appealing avenue for technological companies with the foresight and capability to capitalize on its growth. By acknowledging the "brand-new business" and the redirection towards PCs, Case highlights flexibility and responsiveness to external market conditions-- critical for survival and success in the fast-paced tech market.

The phrase "we discovered the difficult lesson about bringing an item to market" underscores experiential knowing gained from prior bad moves or difficulties, likely in the realm of video games. Bringing brand-new items to market includes significant considerations, such as branding and circulation-- aspects Case emphasizes are "very expensive" in the consumer world. Successful brand building requires significant financial investment, consistency, and market research, implying that previous efforts might have failed due to underestimating these aspects.

Moreover, the quote encapsulates the difficult procedure of browsing customer markets, where competitors is intense and brand name acknowledgment is important. It emphasizes a shift in point of view to align with market demands and consumer preferences better, recommending a pragmatic method to innovation and company operations.

In summary, Steve Case's reflection reveals invaluable lessons obtained from past endeavors and highlights a tactical redirection informed by market intelligence. By picking to focus on PCs, the business aimed to leverage a growing sector, comprehending that successful market penetration requires clever financial investments and a detailed method to branding and distribution. Such flexibility and gaining from past experiences are persistent styles in the advancement of effective tech enterprises.

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About the Author

USA Flag This quote is written / told by Steve Case somewhere between August 21, 1958 and today. He/she was a famous Businessman from USA. The author also have 31 other quotes.
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