Guest Blog: Platform Revolution: How Networked Markets Are Transforming the Economy--and How to Make Them Work for You
Guest Blog by Joel KO Hyun Sik Co Founder and CEO at Marvelstone Ventures | Founding Partner at LATTICE80 This is review of the ideas in the new book How Networked Markets Are Transforming the Economy--and How to Make Them Work for You by Geoffrey G. Parker, Marshall W. Van Alstyne, and Sangeet Paul Choudary. The platform model underlies the success of many of today's biggest, fastest-growing, and most powerfully disruptive companies, from Google, Amazon, and Microsoft to Uber, Airbnb, and eBay. The platform is a simple-sounding yet transformative concept that is radically changing business, the economy, and society at large. In fact, the big difference between Apple and Samsung as smartphone manufacturers reside in whether they are regarded as a platform or not. As you know, one is (Apple) but the other is not (Samsung). This book is trying to solve a number of puzzles, as highlighted below: How have platform businesses such as Uber and Airbnb managed to disrupt and ...