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Managing our Hub Economy (Ethics (challenge regulatory bodies (must ensure…
Managing our Hub Economy
Strategy
Competition
Winner take-all
Competitive bottlenecks
take the network based assets to enter another industry
Create and control essential connections
The more users, the more attractive they become
Current monopolic trend will continue
Ethics
Can influence flow of information
Can exact a toll on transactions
incredible levels of wealth inequality
can incorporate value sharing
value creation
value capture
change election patterns
challenge regulatory bodies
must ensure compliance
must promote health and sustainability
must accept competition
foster ecoomic stability
exacerbate discrimination
must maintain well being of users
must fight bias
by educating proprietors
modifying platform features
Digital Domino Effect
Moore's Law
constant performance improvement
replacement of human activity
Connectivity
Zero-cost communication
Fast spread of networks
value increases with number of users
allow for recombination of business offerings
Positive feedback-loops
more important & highly connected hubs
increasing returns to scale
increasing advantage as new connections are made
the more consumers the greater the motivation of all parties