David B. Yoffie,Michael A. Cusumano,Annabelle Gawer

The Business of Platforms

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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 usually exist at the level of an industry or ecosystem, bringing together individuals and organizations so they can innovate and interact in ways not otherwise possible. Platforms create economic value far beyond what we see in conventional companies.
The Business of Platforms is an invaluable, in-depth look at platform strategy and digital innovation. Cusumano, Gawer, and Yoffie address how a small number of companies have come to exert extraordinary influence over every dimension of our personal, professional, and political lives. They explain how these new entities differ from the powerful corporations of the past. They also question whether there are limits to the market dominance and expansion of these digital juggernauts. Finally, they discuss the role governments should play in rethinking data privacy laws, antitrust, and other regulations that could reign in abuses from these powerful businesses.
Their goal is to help managers and entrepreneurs build platform businesses that can stand the test of time and win their share of battles with both digital and conventional competitors. As experts who have studied and worked with these firms for some thirty years, this book is the most authoritative and timely investigation yet of the powerful economic and technological forces that make platform businesses, from Amazon and Apple to Microsoft, Facebook, and Google—all dominant players in shaping the global economy, the future of work, and the political world we now face.
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353 printed pages
Publication year
2019
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Quotes

  • Alejandra Quiroz Hernándezhas quoted4 years ago
    nnovation platforms usually create value by facilitating the development of new complementary products and services,
  • Alejandra Quiroz Hernándezhas quoted4 years ago
    The unique feature of network effects is that the value one user experiences potentially increases as more people or organizations use the same product or service and as more complementary innovations appear.
  • Alejandra Quiroz Hernándezhas quoted4 years ago
    Managers and entrepreneurs need to understand how product and platform strategies and business models differ and when to use each approach.

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