Episode 66: Product Liability Issues for Amazon, More Competition for Netflix, PaveGen and Smart Sidewalks, The Perfect Product, and Developing Patience with Communication

00:00:00
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00:49:20

July 9th, 2019

49 mins 20 secs

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About this Episode

Show Description:

In today's current events, we discuss Amazon's new product liability hurdles to overcome following an appeals court ruling in Pennsylvania. We also get into the rising competition in the streaming space for Netflix, and how it will be losing some of its programs in the near future thanks to other streaming services. Lastly, we highlight a new company called PaveGen, which is providing a new way of energy involving kinetic energy from footsteps.

For Real Life Experience, Tim reflects on his Colorado trip and Slager reflects on an uplifting conversation he had with his parents in regards to his career situation.

For book talk, Tim discusses an article from Harvard Business Review featuring the Ford CEO, and Slager highlights an important conversation tip from "Don't Sweat the Small Stuff"

Show Highlights:

2:15-12:15: We both reflect on our 4th of July experiences: Tim highlights his scenic and refreshing Colorado trip, and Slager talks about his trip home to the lake (and telling his parents about his new tattoo).
12:15-18:15: Amazon is on the hot seat regarding product liability risk. We discuss how a lawsuit over a malfunctioning dog leash will lead to new tension between Amazon, 3rd party sellers, and consumers.
18:15-25:45: Another company in AT&T is unveiling a streaming service to compete with Netflix. We discuss the current competitive situation in the streaming arena, and the impacts of Netflix losing the rights to certain programs.
25:45-30:15: A futuristic construction company in the UK called PaveGen just received $3.3 million in crowdfunding. We talk about its exciting concept of turning the kinetic energy of footsteps into electricity and energy.
30:15-33:45: Slager reflects on an uplifting conversation he had with his parents regarding the way his career path is tracking.
33:45-40:45: Drawing from an interview/article from Harvard Business Review featuring the CEO of Ford, Tim discusses 3 important components of a product or service to leverage in your offering to customers.
40:45-47:15: Influenced by the book "Don't Sweat the Small Stuff," Slager discusses what it means to "breath before you talk," and how this can develop your influence and ability to win with people.