The Business of Platforms: Strategy in the Age of Digital Competition, Innovation, and Power

Published on August 28, 2021

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This lecture summarizes some key findings from a new book by Michael Cusumano, Annabelle Gawer, and David Yoffie. We will examine myths and realities associated with digital platforms – businesses that connect two or more market sides, and have supply or demand sides driven by network effects.  Platform companies are now the most valuable companies in the world and the first trillion-dollar businesses. The talk will focus on how digital platforms differ from conventional product or service businesses, and why some markets produce spectacular winner-take-all-or-most outcomes while others result in spectacular financial losses. We will discuss why “platformizing” a bad business does not make it a good business, and how platforms have become “double-edged swords.”  That is, platforms have an equal ability to organize economic activity efficiently as well as to abuse increasingly powerful market positions or be subject to misuse by platform participants. 

About the Series 
Sponsored by the System Design & Management (SDM)
 program at the Massachusetts Institute of Technology (MIT), the MIT SDM Systems Thinking Webinar Series features research conducted by SDM faculty, alumni, students, and industry partners. The series is designed to disseminate information on how to employ
 systems thinking to address engineering, management, and socio-political components of complex challenges.

What Are The Different Types Of Hybrid Blockchains

What Are The Different Types Of Hybrid Blockchains, The Business of Platforms: Strategy in the Age of Digital Competition, Innovation, and Power.

Book Summary: Mind Your Own Business

You aren’t a web surfer waiting for the next wave to come in. Due to the large scope of some topics it may be tough to cover it in one product or course series. How can you much better serve your existing clients on your website?

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When heating the paste, either by microwave or oven, be absolutely sure the paste is just warm to the touch not hot. Outcomes: After 3 to 6 months, considerable decrease in hair growth, in a few cases, irreversible.

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Strangely, the exact same reasoning does not apply when an American purchases a routine book (or a car) which he COULD bring into Canada with him and use here. It is true that it is simpler for Canada to assess such items at the border than in cyberspace, but I know of no cases of Americans being taxed on the cars or books they bring with them when they come to live in Canada for about half the year.

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Most of the time you’ll only need a 400 speed movie for fundamental snapshots. But it does not injured to use the other speeds for special events, you’ll notice a difference.

The letter “M” means Momentum, which is created by you. It’s cost-effective, and it can easily be done in your home. Thank them for their ideas and execute them in your redesign. The concept, I suppose, is to motivate exporting.

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