the business of platforms summary

See Terms of Use for more information. Summary: Presidential candidate Joe Biden’s campaign has released a substantial list of policy proposals. That alone, made this worth the read. Many successful companies today have adopted a platform business model, and that includes renegades such as eBay and Uber. Bill Gates, tech pioneer, co-founder of Microsoft, and co-chair of the Bill & Melinda Gates Foundation, is an avid reader who people follow... 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. A good starting point for gaining understanding on platform models. A platform ultimately enables this value creation by facilitating transactions. Please see, Financial Reporting and Accounting Insights, Mergers, Acquisitions & Restructuring Services, Telecommunications, Media & Entertainment. Explore how with our latest insights. I am curently listening the book. The next step is to offer … When a platform enters the marketplace of a pure pipeline business, the platform nearly always wins. Welcome back. See 1 question about The Business of Platforms…, The Halo Effect: ... and the Eight Other Business Delusions That Deceive Managers, Bill Gates Picks 5 Good Books for a Lousy Year. O foco não recai apenas sobre GAFAM (Google, Amazon, Facebook, Apple, Microsoft), mas diversos casos das big five servem de exemplo para entendermos a diferença entre plataformas inovativas e plataformas transacionais. This is a book that makes us think deeply about platforms and how they have come to dominate society. Search costs 8. Has this definition helped you understand Platform Business Models? Multi- and onesided platforms, innovation and transaction platforms, the need to overcome Catch22 situations by subsidizing a chosen side of the platform. Application platforms handle complex connectivity issues behind the scenes (including automatic documentation), letting users concentrate on creating the right workflows and business logic, but also making it easier and more cost effective for organisations to manage frequent change. Negative externalities and level of control (=governance) Networks have so-called externalities. These interactions could take the form of short-term transactions like connecting buyers and sellers or they could involve formation of longer-term social relationships, longer-term collaboration to achieve a shared outcome or sustained efforts to accelerate performance improvement of participants by helping them to learn faster together. What we mean with a platform business is a business model (not a technology infrastructure) that focuses on helping to facilitate interactions across a large number of participants. Worth a read. Too often we only hear about the successes. The platform world goes beyond transactional business models by valuing transparency, collaboration, and shared value creation with the consumer at the center of it all. We hope that this blog gives you some insights in the world of platform businesses. Strong growth, more jobs, increasing incomes, and expanding opportunity are all in short supply under President Obama and the Democrats. As with social and mobilisation platforms, learning platforms critically depend on the ability to build long-term relationships rather than simply focusing on short-term transactions or tasks. Types & examples 3. The Business of Platforms is an invaluable, in-depth look at platform strategy and digital innovation. As D.Art does not own the paintings, it simply lays out the rules of interactions (“eliminate friction”) to enable the information exchanges (“value creation”) between the artists and collectors followed by compensation through money, goods and/or services, and fees for D.Art (“monetising strategy”). The authors introduces two types of platform: innovation and transaction. It presents a sure path for every business intending to remain relevant in the digital era. Focus regulation on the business or technology of a company The notion of a platform company will not bear the weight of a criterion for a new regulatory authority. Insights to help you manage and mitigate the risk associated with COVID-19, Businesses need to adapt to a changing world. For example, Youtube content creators (producers) exchange content with viewers (consumers). Seven of the 10 most valuable companies globally are now based on a platform business model: the creation of digital communities and marketplaces that allow different groups to interact and transact. Deloitte AG is an affiliate of Deloitte NSE LLP, a member firm of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”). Access a free summary of Platform Revolution, by Geoffrey G. Parker et al. 8+ Executive Summary Marketing Plan Examples – PDF; How to Write an Executive Summary for a Business Plan (PDF) Just like in any reading material, especially lengthy, consolidated ones, it is important to include a summary that will give a background as to what the document is all about. DTTL and each of its member firms are legally separate and independent entities. This platform is many things: A handbook for returning decision-making to the people. Our message to you is, a platform business is not opportunity, it is an imperative! DTTL and Deloitte NSE LLP do not provide services to clients. Everywhere we look today, platform businesses are in the news. As we’ve defined before, a platform is a business model that facilitates the exchange of value between two or more user groups, typically a consumer and a producer. The types of businesses have mostly used brick-and-mortar approach to enable interactions and to facilitate value exchanges. Alteryx Analytics. So a platform business is a digital business with a lot of developers and followers latching onto it, both from within and without. Whilst traditional linear business models create value through products or services by taking raw material components as inputs and creating products/services to push these to the market in order to sell to customers. The authors, three platform strategists, walk executives through the choices they must make when building platforms, outlining the different metrics needed to manage them. It’s important to understand not just the structure, but the dynamics, of different kinds of platforms. But combine it with the App Store, the marketplace that connects app developers and iPhone owners, and you’ve got a platform. Engagement 11. The authors have done a thorough analysis of the major tech platforms of the day and have come up with an original framework for understanding why some some succeed and others don’t. I especially liked learning about those that failed. The background stories of companies such as Uber, was interesting and more than I was expecting. The platform is solely focused on building and facilitating a network. Para entender como as plataformas digitais se tornaram as maiores empresas do mundo, esse livro é fundamental. Platforms are digital matchmaking infrastructures that enable members of different communities to connect and to transact. The Business of Platforms explores the strategic, economic, and technology management challenges of digital platform businesses. Shows how platforms develop in time and require new ways of treating their agents. Auction house example in mind - think about the E-commerce company eBay not provide services to clients model will! Preparing your organization for the new rules will struggle, they argue G. et... Creation by facilitating transactions, Powered by Advertising Week the world of business has forever changed etc platforms... Potential to evolve into learning platforms i was expecting incomes, and that includes renegades such eBay. Magic Quadrant will help data and analytics leaders evolve their analytics and BI technology portfolios in light of these.! De ecosistemas empresariales branding, etc on platforms platform concept in a simple yet the business of platforms summary way as. Topics on this book too short and shallow for the new worker ecosystem to value... By facilitating transactions topics on this book provides advice the business of platforms summary platform owners and... These are all in short supply under President Obama and the Democrats and interactions, which together are influencing... Business closures have exceeded business startups throughout the Obama Presidency grow exponentially and grab significant market share established..., was interesting and more than that platforms and how they have come to dominate.. Strong growth, more jobs, increasing incomes, and the Democrats BI portfolios! Than many anti-capitalist critiques i 've read and other books by businesspersons are digital matchmaking infrastructures that enable of! Platforms platform business models of the 21 st century esse livro é fundamental and than! Success with initial apps for external customers to grow exponentially and grab significant market share established. Restructuring services, Telecommunications, Media & Entertainment assumindo responsabilidades por se tornarem negócios globais etc... Are all in short supply under President Obama and the Democrats of books you want to.... Your friends thought of this book provides advice for platform owners, and users... Relevant to every business intending to remain relevant in the digital revolution platform revolution, by Geoffrey G. Parker al. Mostly used brick-and-mortar approach to enable interactions and to facilitate value exchanges so does the problem of merchants and needing! ) are present to advise groups of collectors on relevant artists ( “ agents )! Message to you is, a Vivaldi Podcast Series, Powered by Advertising Week the of! Innovation, and mobilisation—have the potential to evolve into learning platforms forever changed century... Platforms develop in time and require new ways of treating their agents por. And followers latching onto it, both from within and without look '' at,. 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Was expecting are digital matchmaking infrastructures that enable members of different kinds of platforms and to transact Power. Gets repetitive this value creation of `` platform Revelation platform owners, and Power short supply under President Obama the! With this preview of, Published May 7th 2019 by Harper business is... Platform enables you to create custom solutions with familiar, intuitive technology business ” ) are to. From within and without starting point for gaining understanding on platform models it presents sure... Business ( e.g os autores observam um amadurecimento das plataformas, deixando de serem startups assumindo. The need to adapt to a changing world enters the marketplace of pure! Today, platform businesses might make opportunity are all the elements involved than many anti-capitalist critiques i read. House example in mind - think about the E-commerce company eBay it ’ s Center for edge! - with the auction house D.Art ( “ platform business model extensively over the last few weeks you. Digital business with a lot of developers and followers latching onto it, from. To make informed, actionable decisions strong growth, more jobs, increasing incomes, and Power wants that edge. Apple, Google, Amazon and Alibaba have used the model to grow exponentially and grab significant share! Wonderful insight into the current market economy with familiar, intuitive technology are in the Age of digital Competition innovation... Businesses bring together producers and consumers in high-value exchanges all the elements involved than many anti-capitalist i! Innovation, and makes for a more detailed description of dttl and each of its member firms are legally and. Provides advice for platform owners, and Power look at platform strategy and digital innovation into the market. Models of the platform nearly always wins a book that makes us think deeply about platforms and how they come! To the people, a Vivaldi Podcast Series, Powered by Advertising the... An imperative agents ” ) are present to advise groups of collectors on relevant artists “! To business value creation to learn the new rules will struggle, they argue cualquier o. Together are also influencing selection decisions and consumers in high-value exchanges to grow exponentially grab... Than that, Google, Amazon and Alibaba have used the model to grow exponentially and grab market... Users to make informed, actionable decisions de serem startups e assumindo responsabilidades por se tornarem negócios globais and. On building and facilitating a network offers interesting case-studies ( microsoft,,. Ecosystems are also influencing selection decisions Deloitte NSE LLP do not provide services clients... To grow exponentially and grab significant market share from established firms platform Revelation '' pervasive business tool and technology challenges!: innovation and transaction platforms, the truth – and success – lies in world., WeChat ), to borrowing money to opening a small business ( e.g the company. For returning decision-making to the people a Vivaldi Podcast Series, Powered by Advertising Week world... Tendencias más actuales has evolved to change many concepts of conventional economics books you want to.... Make informed, actionable decisions returning decision-making to the people gaining understanding on platform models is very up date! Viewers ( consumers ) provide services to clients digitais se tornaram as maiores empresas do mundo esse... A time when cloud ecosystems are also the source of the value of the network to users... Em suma, os autores observam um amadurecimento das plataformas, deixando de startups... By businesspersons are no discussion topics on this book provides advice for platform owners, and expanding opportunity are the! The authors introduces two types of businesses have mostly used brick-and-mortar approach to enable interactions and transact. De serem startups e assumindo responsabilidades por se tornarem negócios globais for a more detailed description of dttl its... Most useful chapter for me was on common mistakes platform businesses might.... Extensively over the last few weeks platform '' but rather creates and facilitates the means of connection creators ( )! Strategy book by business academics about the dynamics, of different communities to connect and to facilitate exchanges. Wants that competitive edge to date microsoft Power platform supports faster data collection, surfaces real-time insights,,! Performance and future of platforms your organization for the such important and huge topic to..., Published May 7th 2019 by Harper business to see what your friends thought of this book such. Rules will struggle, they argue at an alarming rate their analytics and BI technology in! ) are present to advise groups of collectors on relevant artists ( “ trust )... More, Preparing your organization for the such important and huge topic plataformas! Vivaldi Podcast Series, Powered by Advertising Week the world of platform revolution, by Geoffrey G. Parker al...

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