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Platforms (Platform Strategy (Demand at scale, 2 sided network effects,…
Platforms
Platform Strategy
Demand at scale
2 sided network effects
create a market places
What industry are you in becomes malleable
Network effects
Telephone
Fax machine
Email
Social networks / social media
create trust
vetting
ratings and reviews
plug loopholes to game the system
history of platforms
car as a proto platform
beta max vs. VHS, Blu Ray vs. HD-DVD.
Development of standards
https://www.economist.com/blogs/economist-explains/2013/05/economist-explains-14
https://ripple.com/insights/a-brief-history-of-standards/
Industries that platform-ize
Healthcare
Education
Transportation
Products to platforms
Why platforms are better than products
pipeline and value chain vs. platform and open development
Remove the friction points