Platform Revolution: How Networked Markets Are Transforming the Economy and How to Make Them Work for You

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A practical guide to the new economy that is transforming the way we live, work, and play.

Uber. Airbnb. Amazon. Apple. PayPal. All of these companies disrupted their markets when they launched. Today they are industry leaders. What’s the secret to their success?

These cutting-edge businesses are built on platforms: two-sided markets that are revolutionizing the way we do business. Written by three of the most sought-after experts on platform businesses, Platform Revolution is the first authoritative, fact-based book on platform models. Whether platforms are connecting sellers and buyers, hosts and visitors, or drivers with people who need a ride, Geoffrey G. Parker, Marshall W. Van Alstyne, and Sangeet Paul Choudary reveal the what, how, and why of this revolution and provide the first “owner’s manual” for creating a successful platform business.

Platform Revolution teaches newcomers how to start and run a successful platform business, explaining ways to identify prime markets and monetize networks. 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. The authors also cover essential issues concerning security, regulation, and consumer trust, while examining markets that may be ripe for a platform revolution, including healthcare, education, and energy.

As digital networks increase in ubiquity, businesses that do a better job of harnessing the power of the platform will win. An indispensable guide, Platform Revolution charts out the brilliant future of platforms and reveals how they will irrevocably alter the lives and careers of millions.

 

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PLATFORM REVOLUTION: How Networked Markets Are Transforming the Economy--and How to Make Them Work for You

User Review  - Kirkus

An exploration of "a simple-sounding yet transformative concept that is radically changing business, the economy, and society at large." A platform, by the definition of business professors Parker ... Read full review

User Review - Flag as inappropriate

This book reads like someone had turned a PowerPoint deck into a book.It has 3 slides worth of materials, being repeated over and over again.
Imagine your high school teacher asked you to summarize
a 500-pages book into a short power point deck. You tried to cram in as much information as possible, but there was no way the deck is going to be a perfect reproduction of the book in its full fidelity. You were only able to distill down to the bare essence of the book in the amount of space given.
Now imagine this process in reverse. All the information you have been given are 3 slides on a PowerPoint, here comes a book extrapolated from the slides.
 

Contents

PREFACE
Welcome to the Platform Revolution
The Power of the Platform
Principles for Designing a Successful
How Platforms Conquer and Transform
Chicken or Egg? Eight Ways to Launch
Capturing the Value Created by Network
Defining What Platform Users and Partners
Policies to Increase Value and Enhance
How Platform Managers Can Measure What Really
How Platforms Change Competition
Platforms Should and Should Not
The Future of the Platform Revolution
INDEX
Copyright

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About the author (2016)

Geoffrey Parker is a professor of engineering at Dartmouth College and a visiting scholar and research fellow at the MIT Initiative for the Digital Economy. Before joining academia, he held positions in engineering and finance at General Electric. He has made significant contributions to the economics of network effects as co-developer of the theory of two-sided networks. Parker's work has been supported by the Department of Energy, the National Science Foundation, and numerous corporations. Parker advises senior leaders in government and business and is a frequent speaker at conferences and industry events. He received his BS from Princeton and his MS and PhD from MIT.

Marshall W. Van Alstyne is a professor at Boston University and a visiting scholar and research fellow at the MIT Initiative on the Digital Economy. Van Alstyne is a world expert on information economics and has made fundamental contributions to IT productivity and to theories of network effects. His coauthored work on two-sided networks is taught in business schools worldwide. In addition, he holds patents in information privacy protection and on spam prevention methods. Van Alstyne has been honored with six best paper awards and National Science Foundation IOC, SGER, iCORPS, SBIR and Career Awards. He is an adviser to leading executives, a frequent keynote speaker, a former entrepreneur, and a consultant to startups and to Global 100 companies. He received his BA from Yale and his MS and PhD from MIT.

Sangeet Paul Choudary is a C-level advisor to executives globally on platform business models. He is an Entrepeneur-in-Residence at the INSEAD Business School and a Fellow at the Centre for Global Enterprise. He has been ranked among the top 30 emerging business thinkers globally by Thinkers 50. Sangeet writes the popular blog Platformed (platformed.info), and his work has been featured on leading journals and media, including the Harvard Business Review, MIT Technology Review, Sloan Management Review, the Wall Street Journal and The Economist. He is a frequent keynote speaker at leading conferences, including the G20 World Summit 2014 and the World Economic Forum events.

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