DT week 3

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Which of the following is NOT an enabling technology for platforms?

Mobile computing devices

Web APIs

On-demand cloud computing

Social media (correct)

What is the term used to describe the scenario where only one platform is able to operate due to factors like multi-homing, strong indirect network effects, and low feature differentiation?

Indirect network

Winner-takes-all (correct)

Direct network

Platform spectrum

Which of the following is NOT a competitive benefit of platforms?

Light in assets

Winner-takes-all (correct)

Frictionless acquisitions

Scaling fast

What is the purpose of the Platform business model map?

To identify all critical parties in a platform Signup and view all the answers

What is the term used to describe the process of attracting new users to a platform smoothly through Web APIs?

Frictionless acquisitions Signup and view all the answers

What are the two types of network effects mentioned in the text?

Direct network and indirect network Signup and view all the answers

What is the main factor that makes it hard for competitors to take over established platforms?

Number of users Signup and view all the answers

What is co-opetition?

Collaboration between direct competitors in certain areas Signup and view all the answers

What is the impact of rapid technological change on industry boundaries?

Industry boundaries become more blurred Signup and view all the answers

What is disintermediation?

The removal of an intermediary from the value chain Signup and view all the answers

What is the principle of power in the value chain?

Power to the unique value creator Signup and view all the answers

What is channel conflict?

A situation where a business is balancing working with key channels and going around them Signup and view all the answers

What is the biggest challenge of openness in a platform?

Letting go of part of the value creation process Signup and view all the answers

What are the challenges of two-sided markets?

Pricing the platform and dealing with winner-takes-all dynamics Signup and view all the answers

Which of the following describes the shift in competition from the past to the present?

Competition across fluid industries Signup and view all the answers

What is a key characteristic of platforms?

They bring together two or more parties to create and exchange value Signup and view all the answers

What is the main reason why platforms represent a shift in the relationship between firms?

They build ecosystems by getting customers to interact with each other Signup and view all the answers

What is the definition of a platform?

A platform is a business model that facilitates direct interaction between two or more types of customers Signup and view all the answers

What is a key characteristic of exchanges as a type of platform?

They bring together two types of customers Signup and view all the answers

What is the main reason why platforms can have a winner-takes-all dynamic?

They benefit from network effects Signup and view all the answers

What is a key characteristic of multisided platforms?

They bring together two types of customers Signup and view all the answers

Which of the following conditions is necessary for a networked market to be served?

High multi-homing costs for at least one user side Signup and view all the answers

What is the potential danger of a platform getting 'enveloped' by an adjacent platform provider?

Loss of unique customers Signup and view all the answers

What can a platform provider do to survive envelopment?

Find bigger platforms to cooperate with Signup and view all the answers

What are 'homing' costs in a networked market?

The expenses incurred by users to stay part of the platform Signup and view all the answers

When do network effects become positive and strong for users on one side of the network?

When multi-homing costs are high Signup and view all the answers

What advantage do platform providers gain when they already have a relationship with expected users?

Cost differentiation advantages Signup and view all the answers

What can smaller platforms focus on if certain customers have unique needs?

Special features Signup and view all the answers

What is one way a firm can survive envelopment?

Switch business models Signup and view all the answers

What is the potential damage of a platform provider offering a certain platform's functionality as part of a multiplatform bundle?