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Commanding Business

The challenge with growth is that the habits that got you here become the limitations that prevent you from getting there. Growth not only requires us to learn new habits. It requires that we unlearn old ones. I’m Tim Hamilton, CEO of Praxent and host of the Commanding Business podcast. Each week, I interview authors, experts and real world leaders about how they grew their teams, their organizations and ultimately themselves. From leadership to management and marketing to innovation, we’ll cover a variety of topics with an aim to uncover actionable takeaways you can implement in your own organization today.
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Aug 30, 2016

Sangeet Paul Choudary is co-chair of the MIT Platform Strategy Summit, an Entrepreneur-in-Residence at INSEAD business school, and author of Platform Revolution and Platform Scale. In this podcast episode, Sangeet Choudary defines the concepts and drivers behind the platform business model, including the three trends that gave rise to this type of business entity. He also explains why he created the metaphor of the shift and how intelligent central platform businesses re-circulate learned data to create more efficient markets for the future.

 

Key Takeaways:

[1:07] Sangeet Choudary contrasts the platform business model with the pipeline business model. 

[5:59] Apple and Android versus Nokia and Blackberry―an example of the shift.

[10:28] Intelligent platform markets encapsulate the flow between the producers and the consumers.

[13:54] Not all platforms are benevolent, but they should be.

[17:50] Sangeet describes three trends that have given rise to this new type of economic entity. 

[21:32] Platform opportunities differ by market structure, consumer division and new forms of production.   

[31:17] Sangeet describes the network effect―a phenomenon where the utility of a system increases its value as it is used by more people.

[34:37] Learn more about the platform business model discussed in this podcast.

 

Mentioned in This Episode:

Praxent

@praxentsoftware on Twitter

Platform Ed

Platform Scale

Platform Revolution

Sangeet Paul Choudary on Youtube

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