Jun 16, 2017 · What is platform strategy? A platform strategy is an approach to entering a market which revolves around the task of allowing platform participants to benefit from the presence of others. In traditional competitive strategy, it is generally assumed that customers can determine their willingness to pay for the product or service independently.

Learn about platform strategy and how businesses can leverage it to create value, drive innovation, and build competitive advantages in digital ecosystems. Here's a guide to developing the playbook that's right for your business.

Jan 31, 2013 · But in today’s networked age, competition is increasingly over platforms. Build a better platform, and you will have a decided advantage over the competition.

Your best platform strategy: Occupy an influence point. Platforms can be effective vehicles to create new value. The risk is that they might also undermine the ability of individual companies to capture their fair share of the value being created, especially if they do not own the platform. By creating far more visibility into options and ...

Aug 4, 2021 · Accenture called digital platforms the “most profound and global macroeconomic change since the industrial revolution.” Half of companies surveyed by Accenture defined platforms as central to their business strategy, with 40% citing platforms as a critical enabler.

Feb 15, 2022 · Based on our experience, here are seven key considerations to enhance and accelerate the journey to becoming a platform-based digital business: 1. Focus on strategic intent and secure executive...

Platform strategy encompasses the technical IT aspects of choosing and optimizing digital platforms, as well as the strategic aspects of defining their purpose and how they work together to provide value.

Platform Strategy involves creating a business model that facilitates interactions between two or more interdependent groups, typically consumers and producers. This strategy leverages network effects to create value by enabling direct exchanges between users.

Mar 1, 2024 · Platform adopters exhibit higher levels of resilience, have a more detailed view on how to create value, and are more likely to form new partnerships. A platform strategy changes the game when executives use it to imagine how they can reinvent every aspect of their business.

“Platform” businesses that bring together consumers and producers, as Uber, Alibaba, and Airbnb do, require a different approach to strategy. The critical asset of a platform is external—the...