Discussion Thread: Flywheel and Doom Loop

Discussion Thread: Flywheel and Doom Loop Your Name Subject and Section Professor’s Name April 24, 2024 Amazon could be cited as the most impressive case of the Flywheel Scheme of Common Senses by demonstrating stable and persistent efforts in the long run. Accordingly, it is through this persistence that it eventually makes up the momentum, which in turn, leads to significant power all through time. For instance, the company aspires to excel in customer experience, continuous innovations, and business models that transcend products and logistics. It has used omnichannel as one of its approaches by bringing an outlook that enables people to use multiple sales platforms, including smartphones, tablets, and computers (Simone & Sabbadin, 2018). The relentless attempt at development and a customer-centric approach that propel Amazon have been the sources of Amazon's growth, customer coming, and sellers' or suppliers' engagement, thus a continuous investment in service and innovation (Aversa et al, 2021). This is just one illustration of how the Flywheel causes the snowball effect, enhancing it because of progressive and strategic actions. Like Kodak's film, which succumbed to this vicious cycle of technological advancements, the failure of digital image production companies in the market may provide a vivid example of the Doom Loop. Kodak was once undeniably the king of the photo-manufacturing industry, but it ultimately declined when it refused to disengage from film photography quickly enough and needed to respond quicker to the emergence of digital photography. This stubbornness, when it came to accepting e...