The simplest example is movies. You pay to go to a theatre when you want the fidelity of the big screen and the crowd and the speakers. You stay home when you want the convenience of Netflix and the pause button. Vinyl records and live concerts offer fidelity, MP3 on your iPod is convenient.
In the words of Bill Gross, in order to win with a new product, you need to be on one axis or another, and ten times better than what you’re aiming to replace. Which means ten times more high impact or ten times cheaper and easier.
This are definitely the aspects I consider when deciding on a product. And convenience wins out for me most of the time, at least lately.
And fidelity wins out for me most of the time.
