Facebook Platform Challenges Quiz

<p>Enhanced matchmaking and facilitating transactions among different users</p> Signup and view all the answers

<p>Market research and analysis</p> Signup and view all the answers

<p>Entry strategies of Big Tech Platforms into specific industries</p> Signup and view all the answers

<p>Early entry may be detrimental to a firm</p> Signup and view all the answers

<p>Quality of the platform</p> Signup and view all the answers

<p>Social networks</p> Signup and view all the answers

<p>In markets with more direct network effects</p> Signup and view all the answers

<p>They increase the value of platforms to users</p> Signup and view all the answers

<p>Role of complementary products in driving indirect network effects</p> Signup and view all the answers

<p>Provision of data infrastructure services, data capture, provision of data-driven insights, design and commercialization of new products and services</p> Signup and view all the answers

<p>Each company initiates the strategy from its own core, such as Facebook from social networking, Google from search engine and data, Apple from hardware proposition, and Microsoft from dominant position in enterprise and production software</p> Signup and view all the answers

<p>Relies on an alliance between firm owners/investors and consumers around a new model of patient capital aimed at winner-take-all market strategies</p> Signup and view all the answers

<p>Exchange, staying power, complementary benefits</p> Signup and view all the answers

<p>Platformization is the creation of a digital marketplace itself as the service where users pay a fee to host them; it led to concentration through radical outsourcing of productive capacity</p> Signup and view all the answers

<p>The US political economy actively nurtures and supports the consumer-investor coalition on which the platform economy is premised; Europe has a heavily financialized political economy</p> Signup and view all the answers

<p>Same-side network effects</p> Signup and view all the answers

<p>Multi-homing costs are high for at least one user side</p> Signup and view all the answers

<p>Find a “bigger brother”</p> Signup and view all the answers

<p>Value in Customer Access</p> Signup and view all the answers

<p>Loosely coupled coalition model</p> Signup and view all the answers

<p>Value in Modularity</p> Signup and view all the answers

<p>One-sided markets rely on a single class of users, while two-sided markets involve two distinct categories of participants.</p> Signup and view all the answers

<p>Moore's Law states that computer chip performance per dollar doubles every eighteen months, leading to faster and cheaper computing, which revolutionizes business processes.</p> Signup and view all the answers

<p>Direct network effects refer to the increase in value based on the number of users of the network, while indirect network effects lead to the production of increasingly valuable complementary goods.</p> Signup and view all the answers

<p>Single-purpose technologies are dedicated devices for specific business tasks, while GPTs are applicable to virtually any activity and can transform those activities by improving efficiency or creating new opportunities.</p> Signup and view all the answers

<p>'Network effects' mean that firms can snowball in size as each new customer makes the firm’s product more valuable to the next customer, resulting in market domination by a few key players.</p> Signup and view all the answers

<p>'Best' products may not win because widespread compatibility and easy usage for as many users as possible become crucial when networks are important.</p> Signup and view all the answers

<p>The variety and exclusivity of complements are crucial for platform success</p> Signup and view all the answers

<p>The network's value increases</p> Signup and view all the answers

<p>Performance improvements will continue driving the augmentation and replacement of human activity with digital tools</p> Signup and view all the answers

<p>The principle of digital-network formation leading to positive feedback loops</p> Signup and view all the answers

<p>Hub companies should incorporate value sharing into their business models</p> Signup and view all the answers

<p>Inter-organizational networks</p> Signup and view all the answers

<p>Sharing of information at near-zero marginal cost</p> Signup and view all the answers

<p>Computer processing power doubles every two years</p> Signup and view all the answers

<p>Difficulty in parsing the correlated benefits of installed base size and availability of complements.</p> Signup and view all the answers

<p>The network's value increases.</p> Signup and view all the answers

<p>Data infrastructure services to regulated incumbents</p> Signup and view all the answers

<p>The United States</p> Signup and view all the answers

<p>From their social networking core</p> Signup and view all the answers

<p>Exchange, staying power, and complementary benefits</p> Signup and view all the answers

<p>An alliance between firm owners/investors and consumers</p> Signup and view all the answers

<p>Creating a marketplace where the participants are the service users</p> Signup and view all the answers

<p>A market where the value comes from a single class of users</p> Signup and view all the answers

<p>Chip performance per dollar doubles every eighteen months</p> Signup and view all the answers

<p>It is applicable to virtually any activity and can transform those activities</p> Signup and view all the answers

<p>Increase in value depends on the number of network users</p> Signup and view all the answers

<p>Because product design isn't just about the stand-alone product, but also about fitting into the rest of the industry</p> Signup and view all the answers

<p>Firms can snowball in size as each new customer makes the firm’s product more valuable to the next customer</p> Signup and view all the answers

<p>Pricing the platform and the threat of envelopment</p> Signup and view all the answers

<p>Value in Content Access and Value in Orchestration</p> Signup and view all the answers

<p>Value creation and value capture decisions</p> Signup and view all the answers

<p>Pricing the platform and the threat of envelopment</p> Signup and view all the answers

<p>Closed vertically integrated model</p> Signup and view all the answers

<p>High multihoming costs, strong network effects, no strong preference for special features</p> Signup and view all the answers

<p>The entry strategies of Big Tech Platforms in Health Care and Education</p> Signup and view all the answers

<p>They thrive on data and aim to generate network effects</p> Signup and view all the answers

<p>Industries that have high entry barriers and high operational and compliance costs</p> Signup and view all the answers

<p>Identifying the target market and understanding their needs, attracting users, building a robust ecosystem, dominating the market</p> Signup and view all the answers

<p>Platformization is the process of becoming a platform-based business, while recentralization and concentration involve centralizing control and resources</p> Signup and view all the answers

<p>It indicates that the number of transistors on a microchip doubles every two years</p> Signup and view all the answers

<p>Quality advantages are ambiguous, and the impact of user network size remains unclear.</p> Signup and view all the answers

<p>Markets with a large number of users and high interactivity.</p> Signup and view all the answers

<p>Product quality.</p> Signup and view all the answers

<p>The costs of users’ multi-homing and conduct by network participants.</p> Signup and view all the answers

<p>A smaller set of studies on complementary products driving indirect network effects.</p> Signup and view all the answers

<p>Consumers may value different dimensions of product quality in different markets.</p> Signup and view all the answers

<p>Continued doubling of computer processing power every two years</p> Signup and view all the answers

<p>The network's value increases</p> Signup and view all the answers

<p>Barabási's feedback principle</p> Signup and view all the answers

<p>Facilitating the sharing and recombination of business offerings</p> Signup and view all the answers

<p>Challenges in parsing correlated benefits of installed base size and complement availability</p> Signup and view all the answers

<p>Investigating the strength and distinctiveness of complements</p> Signup and view all the answers

<p>By incorporating value sharing into their business models</p> Signup and view all the answers

<p>Enabling the recombination of business offerings at near-zero marginal cost</p> Signup and view all the answers

<p>Resource-based view (RBV)</p> Signup and view all the answers

<p>Penetration of infrastructure, economy, and governmental frameworks of digital platforms in various economic sectors and spheres</p> Signup and view all the answers

<p>They facilitate the transition of traditional firms to a more digital approach</p> Signup and view all the answers

<p>The scale and scope of the company within the market</p> Signup and view all the answers

<p>Prediction, personalization, and matching</p> Signup and view all the answers

<p>Due to strict government regulations and oversight</p> Signup and view all the answers

<p>They shift from vertically integrated corporations into specialized firms that link buyers and sellers, known as digital platforms</p> Signup and view all the answers

<p>They serve as regulatory structures by dictating terms of interaction and shaping consumer behavior.</p> Signup and view all the answers

<p>Apple, Microsoft, and Amazon</p> Signup and view all the answers

<p>Louis Brandeis</p> Signup and view all the answers

<p>The monopolization of the market</p> Signup and view all the answers

<p>Revenue generation through core operation</p> Signup and view all the answers

<p>Alibaba and Tencent</p> Signup and view all the answers

<p>Content published by third-parties</p> Signup and view all the answers

<p>Profit through financial channels</p> Signup and view all the answers

<p>Restrict big techs from abusing market power</p> Signup and view all the answers

<p>Focusing on market shares and number of consumers</p> Signup and view all the answers

<p>Breaking up overly dominant firms to protect democracy</p> Signup and view all the answers

<p>Collection of private data from consumers</p> Signup and view all the answers

<p>The value of a network grows exponentially as the number of subscribers increases.</p> Signup and view all the answers

<p>It rewards the first entrant with huge profit margins and a monopoly-like status.</p> Signup and view all the answers

<p>When the value of a product increases with the number of other consumers using it.</p> Signup and view all the answers

<p>It meets the non-excludability condition but not the non-rivalry condition.</p> Signup and view all the answers

<p>Low marginal costs making it difficult for suppliers to make a profit.</p> Signup and view all the answers

<p>A consumer's utility of using a product increasing with the number of other consumers using it.</p> Signup and view all the answers

<p>Complementary components and interfaces</p> Signup and view all the answers

<p>When fixed costs of market entry are high relative to potential revenue</p> Signup and view all the answers

<p>Standards create interoperable infrastructure for network goods</p> Signup and view all the answers

<p>Negative effects where more people connected lead to more friends or connections</p> Signup and view all the answers

<p>Facilitating matches among users and enabling value creation for all participants</p> Signup and view all the answers

<p>When intermediaries play an important role in the market</p> Signup and view all the answers

<p>Subsidizing both sides of the market simultaneously</p> Signup and view all the answers

<p>Being present at multiple platforms at the same time</p> Signup and view all the answers

<p>The risk of network members bypassing a hub and connecting directly</p> Signup and view all the answers

<p>The platform moving into another one's market and combining its functionality with the target's</p> Signup and view all the answers

<p>Integrating overlapping user bases to provide new bundled platform services</p> Signup and view all the answers

<p>Costs incurred by being present on more than one platform</p> Signup and view all the answers

<p>Products produced by the platform and its network of complementors to enhance value</p> Signup and view all the answers

<p>Complexity of managing all sides within the ecosystem</p> Signup and view all the answers

<p>'Envelopment' refers to one platform provider moving into another one's market</p> Signup and view all the answers

<p>User-friendly features such as facial and voice recognition</p> Signup and view all the answers

<p>Rapid increase in computing power every 18 months</p> Signup and view all the answers

<p>Accessibility and affordability of technological features to the public</p> Signup and view all the answers

<p>Digital democratization of content production</p> Signup and view all the answers

<p>Usefulness and ease of use of technological features</p> Signup and view all the answers

<p>Transformation of firms into digital platforms</p> Signup and view all the answers

<p>Network of Contracts, outlining services to be provided by the supplier and costs to be paid by the customer</p> Signup and view all the answers

<p>Focus on consumer welfare and price theory</p> Signup and view all the answers

<p>Steady rise in venture patient capitalists looking for long term investments</p> Signup and view all the answers

<p>Publish content without liability for online services</p> Signup and view all the answers

<p>To accrue profit through financial channels instead of trade and commodity production</p> Signup and view all the answers

<p>Shift from breaking up dominant firms to focusing on consumer welfare and price theory</p> Signup and view all the answers

<p>The role of Amazon in creating network effects and standards in the digital market</p> Signup and view all the answers

<p>The value of each connection increases exponentially</p> Signup and view all the answers

<p>By achieving critical mass and network effects</p> Signup and view all the answers

<p>Preventing consumers from switching to other social networking platforms</p> Signup and view all the answers

<p>The threat of large firms entering new markets and dominating them</p> Signup and view all the answers

<p>Differences in measurement methods and data collection</p> Signup and view all the answers

<p>Standards create high barriers to competition in the digital platform market.</p> Signup and view all the answers

<p>The significance of same-side and cross-side network effects in digital platforms.</p> Signup and view all the answers

<p>Pulling consumers/producers to the platform, facilitating interaction, and matching.</p> Signup and view all the answers

<p>When markets are strongly regulated with very personalized services.</p> Signup and view all the answers

<p>The emergence of new information and communication technologies.</p> Signup and view all the answers

<p>The more people connected, the more friends you can find on Facebook.</p> Signup and view all the answers

<p>To build critical mass and attract users to the platform</p> Signup and view all the answers

<p>To move into another market, combining functionality to form a multi-platform bundle</p> Signup and view all the answers

<p>To identify or design an offering and make it fundamental to the platform</p> Signup and view all the answers

<p>It refers to costs incurred by being present on more than one platform, such as updating profiles on multiple platforms</p> Signup and view all the answers

<p>It lowers switching costs for platform users, thereby increasing multi-homing</p> Signup and view all the answers

<p>To enhance the value of the connected platform by providing complements</p> Signup and view all the answers

<p>Balancing the relationship between platform owners and complementors</p> Signup and view all the answers

<p>Fear of surveillance due to concerns about private data</p> Signup and view all the answers

<p>Balancing relationships with complementors and managing internal organization</p> Signup and view all the answers

<p>By competing with and entering the product spaces of third-party sellers</p> Signup and view all the answers

<p>Leveraging massive amounts of data to act as middlemen</p> Signup and view all the answers

<p>Demanding years of no profits or even losses for long-term success</p> Signup and view all the answers

<p>Investor-consumer alliance</p> Signup and view all the answers

<p>Results in a winner-takes-all dynamic and market concentration</p> Signup and view all the answers

<p>Because most markets are concentrated around a very small number of very large platforms</p> Signup and view all the answers

<p>Consumers have more direct and strong connections with platform-based firms</p> Signup and view all the answers

<p>'Investor-consumer alliance'</p> Signup and view all the answers

<p>'Efficiency and innovation'</p> Signup and view all the answers

<p>The social and political factors enabling the shift to a platform-based economy</p> Signup and view all the answers

<p>Platform-based capitalism</p> Signup and view all the answers

<p>Uber's substantial growth in recent years</p> Signup and view all the answers

<p>The entry of big tech platforms into healthcare and education</p> Signup and view all the answers

<p>User convenience and investor profits</p> Signup and view all the answers

<p>Shift from traditional business models to big tech platform entry</p> Signup and view all the answers

<p>The impact of surveillance on personal privacy</p> Signup and view all the answers

<p>To address concerns about data privacy and monopolistic power</p> Signup and view all the answers

<p>Direct network effects</p> Signup and view all the answers

<p>Network effects</p> Signup and view all the answers

<p>Indirect network effects</p> Signup and view all the answers

<p>Local network effects</p> Signup and view all the answers

<p>Two-sided network effects</p> Signup and view all the answers

<p>Compatibility and standards</p> Signup and view all the answers

<p>Network effects</p> Signup and view all the answers

<p>The cost a consumer incurs when moving from one product to another</p> Signup and view all the answers

<p>Complementary benefits</p> Signup and view all the answers

<p>One-sided market</p> Signup and view all the answers

<p>Fierce competition</p> Signup and view all the answers

<p>Availability of more developed software/add ons</p> Signup and view all the answers

<p>Attract more users</p> Signup and view all the answers

<p>'Faster and cheaper' computing</p> Signup and view all the answers

<p>Tech products become half the price every year and a half.</p> Signup and view all the answers

<p>Network goods typically sell at a price higher than marginal cost.</p> Signup and view all the answers

<p>social media sites</p> Signup and view all the answers

<p>its product compatibility with a lot of other products.</p> Signup and view all the answers

<p>(45, 45)</p> Signup and view all the answers

<p>Network goods are usually sold by monopolies or oligopolies, but competition for these markets can be intense.</p> Signup and view all the answers

<p>The more downloads a song had, the more people wanted to download the song.</p> Signup and view all the answers

<p>It implies that the mere threat of entry acts as a competitive force in the market for network goods.</p> Signup and view all the answers

<p>Its product compatibility with a lot of other products.</p> Signup and view all the answers

<p>Network goods typically sell at a price higher than marginal cost.</p> Signup and view all the answers

<p>(45, 45)</p> Signup and view all the answers

<p>Network goods are usually sold by monopolies or oligopolies.</p> Signup and view all the answers

<p>Social media sites</p> Signup and view all the answers

<p>Accidents of history.</p> Signup and view all the answers

<p>The ease and speed by which the monopoly can change hands.</p> Signup and view all the answers

<p>Moore’s Law</p> Signup and view all the answers

<p>Reliance on network effects for growth</p> Signup and view all the answers

<p>Dependence on an investor-consumer alliance</p> Signup and view all the answers

<p>Monopoly power in the long term</p> Signup and view all the answers

<p>They exercise significant control over workers and other parties</p> Signup and view all the answers

<p>They lobby for favorable policies for the platform</p> Signup and view all the answers

<p>Increasing returns as they become larger</p> Signup and view all the answers

<p>Hope for long-term success with many years of no profits or losses</p> Signup and view all the answers

<p>'Behavioural futures marketplace' trading in bets of future behavior</p> Signup and view all the answers

<p>Cross-site exchange benefit</p> Signup and view all the answers

<p>The exponential growth of computer processing power and its impact on various industries</p> Signup and view all the answers

<p>A market that derives most of its value from a single class of users</p> Signup and view all the answers

<p>The power of network effects</p> Signup and view all the answers

<p>Allowing other firms to contribute to their platform</p> Signup and view all the answers

<p>They often exhibit monopolistic tendencies</p> Signup and view all the answers

<p>Starting the network effects snowball rolling in your direction</p> Signup and view all the answers

<p>Their monopolistic practices stifle innovation and suppress further innovations.</p> Signup and view all the answers

<p>Positive network effects</p> Signup and view all the answers

<p>Performance and backward-compatibility of evolving product lines vs. openness and control of core technologies</p> Signup and view all the answers

<p>It creates increasing returns, changing the nature of competition.</p> Signup and view all the answers

<p>Stagnation and lack of innovation</p> Signup and view all the answers

<p>Indirect network effects</p> Signup and view all the answers

<p>By controlling competition and influencing customer expectations</p> Signup and view all the answers

<p>Local network effects</p> Signup and view all the answers

<p>The social and political factors allowing the shift to a platform-based economy</p> Signup and view all the answers

<p>The rise of the platform business model in the 21st century</p> Signup and view all the answers

<p>Social and political factors enabling the platform-based economy</p> Signup and view all the answers

<p>Financial benefits of user convenience and investor profits</p> Signup and view all the answers

<p>The expansion of digital platforms into new market segments</p> Signup and view all the answers

<p>Because they can attract a large user base with lower prices or free services</p> Signup and view all the answers

<p>The ability to facilitate interactions between different user groups</p> Signup and view all the answers

<p>Facilitating interactions between different user groups</p> Signup and view all the answers

<p>Pricing strategies</p> Signup and view all the answers

<p>Increasing returns to scale</p> Signup and view all the answers

<p>Number of users on the network's other side</p> Signup and view all the answers

<p>Dominance by a handful of large platforms</p> Signup and view all the answers

<p>Recentralization and concentration</p> Signup and view all the answers

<p>Deciding which side to subsidize</p> Signup and view all the answers

<p>By customers' willingness to pay</p> Signup and view all the answers

<p>To generate cross-side network effects</p> Signup and view all the answers

<p>The more price-sensitive side</p> Signup and view all the answers

<p>To maintain exclusivity for certain users</p> Signup and view all the answers

<p>Video game networks</p> Signup and view all the answers

<p>Positive and strong network effects</p> Signup and view all the answers

<p>Positive feedback loop</p> Signup and view all the answers

<p>Digital business strategy and value creation in networked markets</p> Signup and view all the answers

<p>The control and influence exerted by platform providers in digitally-enabled networks</p> Signup and view all the answers

<p>Platform-mediated networks</p> Signup and view all the answers

<p>To drive the success of platforms by adding value</p> Signup and view all the answers

<p>Early entry may not always ensure sustained success</p> Signup and view all the answers

<p>Standards enable interoperability but can also lead to lock-in effects</p> Signup and view all the answers

<p>Complementary goods</p> Signup and view all the answers

<p>By leveraging multi-sided platform strategies to control user activities</p> Signup and view all the answers

<p>The processing power of digital technologies doubles approximately every two years</p> Signup and view all the answers

<p>When there are high multi-homing costs for both consumers and producers</p> Signup and view all the answers

<p>The potential for rapid growth and market dominance</p> Signup and view all the answers

<p>The reconfiguration of value networks in response to changing environmental conditions</p> Signup and view all the answers

<p>The relative bargaining power of the participants</p> Signup and view all the answers

<p>Reconfiguring roles and relationships among actors</p> Signup and view all the answers

<p>Technical advances in one subsystem</p> Signup and view all the answers

<p>Broadcasting industry in Europe and the United States</p> Signup and view all the answers

<p>Observational method</p> Signup and view all the answers

<p>Companies need to periodically reorient themselves to accommodate changing environmental conditions</p> Signup and view all the answers

<p>Coordination across firms along product, process, and service domains</p> Signup and view all the answers

<p>Control point constellation (CPC)</p> Signup and view all the answers

<p>Three-dimensional concurrent engineering framework</p> Signup and view all the answers

<p>The dynamic cycle of value creation and value capture points</p> Signup and view all the answers

<p>A configuration of control points comprising service transactions involved in implementing functional components required to deliver a service offering</p> Signup and view all the answers

<p>Incremental innovations</p> Signup and view all the answers

<p>Centralize the organizational intelligence</p> Signup and view all the answers

<p>Customer gatekeeper</p> Signup and view all the answers

<p>They capture a disproportionate and expanding share of the value</p> Signup and view all the answers

<p>Exacerbating income inequality and threatening social instability</p> Signup and view all the answers

<p>Enacting an open communication process with stakeholders</p> Signup and view all the answers

<p>Interoperability among modules</p> Signup and view all the answers

<p>Identifying areas that can be defended from encroaching hub firms</p> Signup and view all the answers

<p>Playing in an orchestra rather than being an outstanding soloist</p> Signup and view all the answers

<p>Using their assets and capabilities differently, transforming their core businesses, and developing new revenue opportunities</p> Signup and view all the answers

<p>Interoperability among modules</p> Signup and view all the answers

<p>Linking end-user peers and transport peers</p> Signup and view all the answers

<p>Pooling sequential primary activity interdependence</p> Signup and view all the answers

<p>Achieving independence and controlling content access</p> Signup and view all the answers

<p>Firms performing a leadership role by orchestrating networks</p> Signup and view all the answers

<p>The collision of multiple disruptions</p> Signup and view all the answers

<p>The changes in value creation and value capture logic</p> Signup and view all the answers

<p>Creating value by reducing distribution, transaction, and search costs</p> Signup and view all the answers

<p>&quot;Multisided platform&quot;</p> Signup and view all the answers

<p>Computer processing power will double approximately every two years.</p> Signup and view all the answers

<p>Focusing on a single user base to create exclusivity.</p> Signup and view all the answers

<p>Winner-take-all battles leading to the domination of the leader.</p> Signup and view all the answers

<p>The emergence of positive feedback loops creating highly connected hubs.</p> Signup and view all the answers

<p>Capturing a growing share of the overall economic value created.</p> Signup and view all the answers

<p>Direct network effects in the context of digital platforms.</p> Signup and view all the answers

<p>Cars will be less about driving experience and more about the apps and services offered as they become self-driving vehicles.</p> Signup and view all the answers

<p>By increasing the value to consumers as the number of available apps increases.</p> Signup and view all the answers

<p>By creating their own hubs and investing in technologies such as augmented reality.</p> Signup and view all the answers

<p>To encourage competition and ensure that there are multiple hubs in each sector.</p> Signup and view all the answers

<p>Incorporating value sharing into their business models along with value creation and capture.</p> Signup and view all the answers

<p>$500 million in a ride-sharing service like Lyft.</p> Signup and view all the answers

<p>The value of cars increases due to their integration with digital networks.</p> Signup and view all the answers

<p>By investing in research into driverless vehicles or partnering with external providers.</p> Signup and view all the answers

<p>Encouraging competition, value sharing, and multiple hubs in each sector.</p> Signup and view all the answers

<p>Automakers' control over software and networks will decrease, leading to lower price premiums.</p> Signup and view all the answers

<p>Incorporating value sharing into their business models along with value creation and capture.</p> Signup and view all the answers

<p>Imitating complementors and entering their product spaces with similar offerings</p> Signup and view all the answers

<p>Bundle their own complementary applications with their platforms</p> Signup and view all the answers

<p>It may involve considerable risks for platform owners</p> Signup and view all the answers

<p>By bundling their own complementary applications with their platforms</p> Signup and view all the answers

<p>Imitating complementors and entering their product spaces with similar offerings</p> Signup and view all the answers

<p>High risk for platform owners</p> Signup and view all the answers

<p>A networked configuration after the acquisition of Yahoo China and Koubei.com</p> Signup and view all the answers

<p>Acquisition of Koubei.com and a shift to a networked configuration</p> Signup and view all the answers

<p>To fortify its platform boundaries</p> Signup and view all the answers

<p>A hub-and-spoke configuration to prevent disintermediation</p> Signup and view all the answers

<p>Alimama, Aliloan, and Alisoft</p> Signup and view all the answers

<p>Enhance organizational capabilities of platform members</p> Signup and view all the answers

<p>Anticipating market needs, understanding competitors, and creating durable relationships with customers</p> Signup and view all the answers

<p>Providing infrastructure and services to enable interactions and triangular exchanges between different groups of entities</p> Signup and view all the answers

<p>Identifying or designing an offering and making it fundamental to the platform</p> Signup and view all the answers

<p>Role in enabling enterprise agility vs role in sustainable competitive advantage</p> Signup and view all the answers

<p>It is suitable for addressing 'how' and 'why' research questions</p> Signup and view all the answers

<p>To validate emergent theory based on the pertinent themes in the literature</p> Signup and view all the answers

<p>Outside-in IS capabilities</p> Signup and view all the answers

<p>Coring strategy and tipping strategy</p> Signup and view all the answers

<p>External relationship management capability</p> Signup and view all the answers

<p>Encapsulating strategy and delegating strategy</p> Signup and view all the answers

<p>Platform IS leadership capability</p> Signup and view all the answers

<p>To encourage complementors to innovate and invest in platform-specific products</p> Signup and view all the answers

<p>Positive</p> Signup and view all the answers

<p>They were discouraged and carried fewer products afterward</p> Signup and view all the answers

<p>Strategically forming ties with the platform owner</p> Signup and view all the answers

<p>Consumers will suffer from a reduction in product variety</p> Signup and view all the answers

<p>The degree of differentiation between platform owners' offerings and third-party complements</p> Signup and view all the answers

<p>They facilitate the expansion of platform members' business capabilities.</p> Signup and view all the answers

<p>It fosters mutual dependencies that promote collective action among platform members.</p> Signup and view all the answers

<p>It enhances the goodwill and relationship with platform members, increasing platform loyalty.</p> Signup and view all the answers

<p>External relationship management and delegating strategies</p> Signup and view all the answers

<p>To strengthen the organizational capabilities of its platform members.</p> Signup and view all the answers

<p>It introduces the notion of outside-out IS capabilities.</p> Signup and view all the answers

<p>To foster solidarity and mutual dependencies among platform members.</p> Signup and view all the answers

<p>To coordinate the activities of platform members and strengthen organizational capabilities.</p> Signup and view all the answers

<p>Strengthening organizational capabilities of its platform members.</p> Signup and view all the answers

<p>They are required to detect environmental triggers and initiate platform development.</p> Signup and view all the answers

<p>To compare prices and wait times</p> Signup and view all the answers

<p>By providing exclusive deals to people who signed up for a certain number of offers</p> Signup and view all the answers

<p>Decreased competitive intensity</p> Signup and view all the answers

<p>Provided a service to both buyers and sellers</p> Signup and view all the answers

<p>The feasibility of minimizing multi-homing</p> Signup and view all the answers

<p>To build important synergies between networks</p> Signup and view all the answers

<p>Consumers became more likely to visit both Groupon and LivingSocial</p> Signup and view all the answers

<p>They become increasingly effective at tying together industries</p> Signup and view all the answers

<p>Increasing returns as they become larger</p> Signup and view all the answers

<p>The feasibility of minimizing multi-homing</p> Signup and view all the answers

<p>Increased multi-homing on the opposite side</p> Signup and view all the answers

<p>Building important synergies between networks</p> Signup and view all the answers

<p>The design and oversight of an automated, algorithm-driven operation</p> Signup and view all the answers

<p>A platform firm's expansion into complements' product spaces</p> Signup and view all the answers

<p>The number of transistors in a dense integrated circuit doubles about every two years</p> Signup and view all the answers

<p>A platform attracts more users based on the number of reviews, creating value for other users</p> Signup and view all the answers

<p>By designing features that strengthen network effects</p> Signup and view all the answers

<p>The strength of network effects and clustering within the platform</p> Signup and view all the answers

<p>Windows experiencing strong network effects as more developers wrote apps for it</p> Signup and view all the answers

<p>Avoid legal liability for content generated by users on their platforms</p> Signup and view all the answers

<p>The ease with which new firms can enter and exit a market</p> Signup and view all the answers

<p>A change in focus from controlling access to information to controlling access to customers</p> Signup and view all the answers

<p>Alibaba focused on developing cross-side network effects by attracting both buyers and sellers</p> Signup and view all the answers

<p>The process of transforming conventional business models into digital platforms, leading to recentralization and concentration</p> Signup and view all the answers

<p>Problem of generalizability</p> Signup and view all the answers

<p>By focusing on peripheral entities' influence on IS capabilities</p> Signup and view all the answers

<p>To identify stages of MSP development</p> Signup and view all the answers

<p>Examining the influence of peripheral entities on IS capabilities</p> Signup and view all the answers

<p>To plan for acquisition or development of appropriate IS capabilities</p> Signup and view all the answers

<p>Problem of generalizability</p> Signup and view all the answers

<p>The IS capabilities of the platform sponsor</p> Signup and view all the answers

<p>To plan for acquisition or development of appropriate IS capabilities</p> Signup and view all the answers

<p>Examining the influence of peripheral entities on IS capabilities</p> Signup and view all the answers

<p>Problem of generalizability</p> Signup and view all the answers

<p>Restricted scope in examining all possible forms of MSPs</p> Signup and view all the answers

<p>Statistically validating propositions to define boundary conditions</p> Signup and view all the answers