Tag Archives: Platforms

Platforms are Transforming How We Need to Compete

Four Things You Should Know About Platforms

In 1980, an obscure professor at Harvard Business School named Michael Porter published Competitive Strategy, which called for managers to drive efficiency by optimizing their firm’s value chain, maximize bargaining bargaining power with buyers and suppliers, while at the same time minimizing threats from new market entrants and substitute goods. These concepts launched Porter into the top rank of strategic ...

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Four Things You Should Know About Platforms

Four Things You Should Know About Platforms

Steve Jobs didn’t want to build an app store.  As Walter Isaacson describes in his biography of Apple’s founder, the famously controlling Jobs was wary of the “bandwidth” needed to police a veritable army of third party developers. At first, he wouldn’t even discuss it. Yet eventually, even Jobs had to relent and the App store has become an enormous success.  Last ...

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The Tony Soprano Problem

The Tony Soprano Problem

Tony Soprano, the heavy-handed mafia boss from the famous TV show, was a master of coercion.  Through violence, extortion and bribery he rose to the top of his industry, leaving competitors in his wake.  Despite the high employee turnover in his organization, he achieved attractive margins. Yet sensing that he could benefit by exploring alternative strategies, he often sought the advice ...

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How Power is Shifting from Corporations to Platforms

It was largely during the 20th century that corporations rose to power. Private enterprises— usually run by a cadre of professional managers rather than by entrepreneurs— came to rival the reach and influence of governments, controlling massive resources that were not bound by traditional borders. Today, however, that dominance is on the wane.

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