Podcast
Questions and Answers
What are the four components of platform ecosystems?
What are the four components of platform ecosystems?
- Suppliers, distributors, retailers, and wholesalers
- Developers, designers, marketers, and analysts
- Producers, providers, consumers, and owners (correct)
- Creators, customers, investors, and regulators
What is the main value generator for platforms?
What is the main value generator for platforms?
- Multiple market sides (correct)
- High user engagement
- Exclusive partnerships
- Advertising revenue
Which type of innovation involves changing the basis of competition?
Which type of innovation involves changing the basis of competition?
- Value innovation
- Industry structure innovation (correct)
- Product innovation
- Process innovation
Which company generated the majority of global profits in the mobile-phone industry by 2015?
Which company generated the majority of global profits in the mobile-phone industry by 2015?
What is the main focus of platform strategy?
What is the main focus of platform strategy?
Who are the four components of platform ecosystems?
Who are the four components of platform ecosystems?
What is the value proposition of disruptive technologies?
What is the value proposition of disruptive technologies?
What is central to platform strategy?
What is central to platform strategy?
What does the Innovator's Dilemma explain?
What does the Innovator's Dilemma explain?
What are the different types of innovation?
What are the different types of innovation?
What is the definition of radical innovation?
What is the definition of radical innovation?
What does disruptive innovation involve?
What does disruptive innovation involve?
When does disruptive innovation occur?
When does disruptive innovation occur?
What does The Innovator's Dilemma explain?
What does The Innovator's Dilemma explain?
Study Notes
- Platforms bring together multiple market sides and generate value from network effects.
- The iPhone generated 92% of global profits in the mobile-phone industry by 2015.
- Platform ecosystems consist of producers, providers, consumers, and owners.
- Understanding external forces is central to platform strategy.
- Innovation involves the effective introduction of new ideas and business models.
- Types of innovation include product, process, value, management/organizational, service, and industry structure.
- Radical innovation involves improvements in performance, cost reduction, new performance features, and changing the basis of competition.
- Disruptive technologies emerge occasionally and have a different value proposition than previously available.
- The Innovator's Dilemma explains why market leaders are often set up to fail as technologies and industries change.
- Disruptive innovation occurs when mainstream customers start adopting the entrants' offer.
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Description
Test your knowledge on platform strategy and innovation with this informative quiz. From understanding the components of platform ecosystems to identifying disruptive technologies, this quiz covers a range of topics essential for anyone interested in the world of business and technology. Sharpen your skills and impress your colleagues with your newfound expertise on platforms, innovation, and market disruption.
