Podcast
Questions and Answers
What is the Chicken and the Egg problem in the context of platform development?
What is the Chicken and the Egg problem in the context of platform development?
- The issue of subsidizing and exclusivity in platform development.
- The problem of getting a platform started when both sides depend on one another. (correct)
- The challenge of balancing the costs of setup and termination in platform development.
- The difficulty of choosing between low, medium, and high-cost options in platform development.
What are the solutions to the Chicken and the Egg problem?
What are the solutions to the Chicken and the Egg problem?
- Subsidizing, exclusivity, seeding, providing cheap/free tools, and offering standalone value to one side. (correct)
- Developing complements, providing cheap/free tools, and offering standalone value to one side.
- Balancing costs, maximizing network effects, and prioritizing growth.
- Lowering switching costs, prioritizing growth/network effects, and providing cash bonuses.
What is the problem with solutions to the Chicken and the Egg problems?
What is the problem with solutions to the Chicken and the Egg problems?
- Both subsidizing and exclusivity can be expensive. (correct)
- The complexity of balancing costs and maximizing network effects.
- The challenge of lowering switching costs and providing cash bonuses.
- The issue of developing complements and providing cheap/free tools.
How should platforms price each side?
How should platforms price each side?
What did Uber do differently compared to Sidecar?
What did Uber do differently compared to Sidecar?
When starting a platform, firms should always begin with as many sides as possible to maximize the network effects. Is this statement true or false?
When starting a platform, firms should always begin with as many sides as possible to maximize the network effects. Is this statement true or false?
What are the pros of having more sides in a platform?
What are the pros of having more sides in a platform?
What are the cons of having more sides in a platform?
What are the cons of having more sides in a platform?
What costs matter the most in switching when considering platform development?
What costs matter the most in switching when considering platform development?
How many sides should firms bring on board when starting a platform to maximize network effects?
How many sides should firms bring on board when starting a platform to maximize network effects?
What is the primary factor that leads to a more concentrated platform industry?
What is the primary factor that leads to a more concentrated platform industry?
What characterizes heterogeneous consumer preferences?
What characterizes heterogeneous consumer preferences?
What are multi-homing costs?
What are multi-homing costs?
What does mono-homing refer to?
What does mono-homing refer to?
What happens when multi-homing costs are high?
What happens when multi-homing costs are high?
What are the components of Platform Affiliation?
What are the components of Platform Affiliation?
What costs matter the most in multi-homing?
What costs matter the most in multi-homing?
What characterizes the side of the market in terms of multi-homing?
What characterizes the side of the market in terms of multi-homing?
What is multi-homing?
What is multi-homing?
What are the four quadrants of customer preferences based on?
What are the four quadrants of customer preferences based on?
