Summary of Platform Revolution by Geoffrey Parker, Marshall Van Alstyne, and Sanjeet Choudary by Instaread is a comprehensive look at the rise of dominance of platforms, their competition with traditional pipeline models, and best practices in founding and managing platforms. Pipes to Platforms TELCOS/HANDSE DEVELOPERS . Preventing multihoming by limiting platform access. To see what your friends thought of this book, Summary of Platform Revolution: by Geoffrey Parker, Marshall Van Alstyne, and Sangeet Choudary | Includes Analysis. Technology Enabled Businesses, Markets and Policy (BMME015) Titel van het boek Platform Revolution; Auteur. Give fast open feedback on laws that define good behaviour and give slow opaque feedback to laws that punish bad behaviour.Â, Crowd curation – role progression to greater levels of authority (responsibility)Â, Behaviour design is the recurring sequence displayed by the platform users as discussed by Nir Eyal:  Trigger, action, reward, investment (ask).Â, Variable reward mechanisms are habit-forming (think gambling).Â, Well, designed software systems are self-improving.Â, Mechanisms should be designed into it to offer various incentives not just monetary… fun, fame and fortune. Can restrict competition.Â, Openness needs to be questioned throughout the life of the platform.Â, Positive externalities include using data aggregated from other users to give more accurate recommendations.Â, Tools for governance include Laws, norms, architecture and markets.Â, 1. Vak. This will likely create more problems to solve!Â, Platforms are ‘information factories’, they create the ‘factory floor’ and can foster a culture of quality control (incentives).Â, Pull users – Consumers and producers to the platformÂ, Facilitate interaction – Providing tools and rules to make easy connections and valuable exchanges Â, Match users – Effectively using information to connect in a mutually rewarding way.Â, Create Feedback loops – Recommend things of interest to keep users coming back (curation).Â, Pulls can leverage outside networks (such as signing in with FB or sharing posts across different social media sites)Â, Facilitating can involve removing barriers or increasing them. (Social Currency)Â, Decisions need to be made on who can create value units, how can they be created and integrated into a platform and what differentiates high quality from low quality.Â, The roles need to be explicitly described and understood. Â, The same user may play a different role in differing interactions. Summary of Platform Revolution by Geoffrey Parker, Marshall Van Alstyne, and Sangeet Choudary | Includes Analysis Preview: Platform Revolution by Geoffrey Parker, Marshall Van Alstyne, and Sangeet Choudary is a comprehensive look at the emergence of platforms as market dominators, their competition against pipeline businesses, and best practices in founding and managing platforms. The Book Summary also covers monetisation strategies, launch strategies and platform governance. Marquee – Provide incentives to attract members of key user set onto your platform. Available on the web, iPad, iPhone and Android. What percentage of free users become buyers is small. Benefiting from superior economies of production and distribution.Â, The Democratisation of tools of design has led to disruption. Â, A great question to ask — What new empowering technology can be leveraged?Â, Curation key – algorithms can collate community judgements.Â, De-linking ownership of the physical asset from the value it creates. Â, Example: MRI machines cost millions to purchase yet get used 50% of what it could. by Instaread. However, excessive openness leads to too many extension developers which in turn because of competition reduces their margins making developers less attracted to the platform.Â, Basically routines, protocols and tools for building software applications that make it easy for outside programmers to write code that will connect seamlessly with platform infrastructure.Â, Openness needs to be limited however community can provide screening and feedback which is helpful for effective curation. Show what is allowed and what isn’t.Â, Platfroms invert the firm – shifts its focus from internal activities to external.Â, Networks effects can be both positive and negative.Â, Disruptive technological change renders old industry economics obsolete.Â, Demand economies of scale are fundamental source of positive network effects.Â, Convex growth and collapse can occur with network effects. There are no discussion topics on this book yet. Buy Now | Read about it on Medium We’d love your help. Platforms connect two types of users in order to exchange something of value. Single-side – Create a business around products or services that benefit one side, later convert the business into a platform and attract the other side. Written for an audience that is familiar with … ‎Platform Revolution by Geoffrey Parker, Marshall Van Alstyne, and Sangeet Choudary is a thorough take at the development of platforms as market dominators, their opposition against pipeline organizations, and best practices in establishing and overseeing platforms. avoided through. Consultare utili recensioni cliente e valutazioni per Summary of Platform Revolution: by Geoffrey Parker, Marshall Van Alstyne, and Sangeet Choudary Includes Analysis su amazon.it. “Platform Revolution” New platform business models are disrupting traditional industries and have transformed “travel, transportation, media and communication” business models. Consultare recensioni obiettive e imparziali sui prodotti, fornite dagli utenti. A platform is a business based on enabling value creating interactions between external producers and consumers.Â, Proxies needed for algorithims to connect.Â, Traditional business are pipelines step by step arrangement for creating and transferring value. On a Free Trial. When a company like Uber connects drivers with passengers, everybody wins- except … Platform Revolution teaches newcomers how to start and run a successful platform business, explaining ways to identify prime markets and monetize networks. It is not static.Â, Platform metrics need to measure the role of interaction success and factors that contribute to it.Â, Creation of value most important to encourage continual growth of positive network effects.Â, Most tools from general management aren’t designed to flourish in the harsh soil of extreme uncertainty which start-ups thrive.Â, A reasonable way to measure liquidity is by tracking the percentage of listings that lead to interactions within a given time period. Â, Indicates engagement (when a user has recognised or used a value unit)Â, *Meaningful metrics are comparative ones, helps by making distinctions. July 29th 2016 Leveraging the value of data . User Type 2 • Business and technology building blocks. Creates distinct ecosystem cultures.Â, API’s can be used effectively to monetary extension developers. Read "Summary of Platform Revolution by Geoffrey Parker, Marshall Van Alstyne, and Sangeet Choudary | Includes Analysis" by Instaread Summaries available from Rakuten Kobo. Platform Revolution Geoff Parker . Negative network effects . Addressing current business leaders, the authors reveal strategies behind some of today’s up-and-coming platforms, such as Tinder and SkillShare, and explain how traditional companies can adapt in a changing marketplace. Refresh and try again. Analysis of Key Takeaways. Side switching. The Platform Revolution Overview of Presentation The key points from a presentation given by Marshall Van Alstyne, Pro-fessor of Information Economics and Everett Lord Scholar at the Ques- ... MVA summary, Platform Revolution (27 Sep 2017), v2.indd Fellow, MIT Center for Digital Business . curation. Platforms must have a governance structure whether it is motivated by profit (as are most platforms today) or whether they will have more of a share ownership. 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