The Business of Platforms: Strategy in the Age of Digital Competition, Innovation, and Power
A trio of experts on high-tech business strategy and innovation reveal the principles that have made platform businesses the most valuable firms in the world and the first trillion-dollar companies.
Managers and entrepreneurs in the digital era must learn to live in two worlds—the conventional economy and the platform economy. Platforms that operate for business purposes u
I appreciated that the book wasn't trying to sell any trend, and took a pragmatic and sober look at the topic. I found myself coming away with the disconcerting sense that the business of platforms are very complicated and unpredictable. But, found the formal definitions and practical considerations useful.
The thoughts on ethics and social factors, were more than ...more
The authors pointed out that building a successful platform is very hard and 90% fail, including giant successful companies such as Microsoft, Nokia, and RIM. They must get the right timing, solve the chicken-and-egg problem, charge all involved parties the right price, and fend off competitions.
To d ...more
4.5 stars, for authors', consideration of his audience. I think it is going to be hard to find another introductory book on Platforms business models.
4.0 stars, for the structure of the content and the case studies discussed in each part.
3.5 stars on suggested practical actions; most are hypothesis based on the history of platforms, there is no useful framework or suggestion a reader can take to understand the business of ...more
And while App store is a very important business (really a platform) for Apple the real foundation of their su ...more
This is an excellent primer on digital platforms written by known scholars in the field. I think it would be great for everyone who seeks a greater understanding of digital platforms. The book is rich in content and covers the essentials on digital platforms from a business-oriented perspective. Overall, the book has given me a greater understanding of digital platforms and industry dynamics. For the curious Joe, the book is a good start and an ...more
But in the end, it didn't offer any new ideas or teach good strategies. It was just the basics.
Industry-wide platforms and global ecosystems for innovations and transactions have already changed many aspects of our personal and working lives. Many more changes and new technologies will come. The Business of Platforms helps managers who have the ambition to build a platform decide which strategic choices to make.
Lots of good examples from the past few years. A topic I am digging into at work so it will help bring to light some strategies we can take there. Recommended from an education perspective and a interesting insight into many of the major technology companies today.