19 Questions
What is Google's focus on innovation to improve its core business?
Sustaining, radical, and commercial innovation
What is Google's approach to innovation?
Sustaining, radical, and commercial
What is the critical asset in a platform strategy?
The community and its resources
What is the critical asset in platform strategy?
The community and its resources
What is the main difference between traditional competition and platform competition?
Traditional competition is focused on controlling resources, while platform competition is focused on orchestrating resources.
What is the focus shift in platforms?
From controlling to orchestrating resources
What type of firms are considered the most valuable?
Platforms
What type of companies are the most valuable?
Platforms
What is the common factor among all platforms?
They bring together two or more market sides
What is the common characteristic of all platforms?
They bring together multiple market sides
How do MSPs create value?
By generating indirect network effects between multiple sides
How do MSPs create value?
By generating indirect network effects between multiple sides
What are the key decisions for MSPs?
Scope, design, pricing, and governance
What are the key decisions for MSPs?
Scope, design, pricing, and governance
What might existing MSPs do with their power?
Use it to capture more value for themselves
What may existing MSPs use their power to do?
Capture more value for themselves
What are the risks and advantages of Alphabet's decentralization strategy?
Increased innovation and flexibility, but decreased control and coordination
What are the key factors for success in Alphabet's decentralization strategy?
Communication and ensuring Alphabet's overall interests are paramount
What are the key factors for success in Alphabet's decentralization strategy?
Communication and ensuring Alphabet's overall interests are paramount
Study Notes
- Google is focusing on sustaining, radical, and commercial innovation to improve its core business.
- Platform strategy brings together producers and consumers, with the community and its resources as the critical asset.
- Platforms transform competition and shift focus from controlling to orchestrating resources.
- The most valuable firms are platforms.
- All platforms bring together two or more market sides and generate value from network effects.
- MSPs create value by generating indirect network effects between multiple sides.
- Key decisions for MSPs include scope, design, pricing, and governance.
- Existing MSPs may use their power to capture more value for themselves.
- Alphabet's decentralization strategy has risks and advantages.
- Communication and ensuring Alphabet's overall interests are paramount are key factors for success.
Test your knowledge on the world of platforms and innovation with this quiz! From the strategies that power platforms to the risks and advantages of decentralization, this quiz covers a range of topics related to the success of companies like Google and Alphabet. Whether you're a business student or just curious about the world of tech, this quiz is sure to challenge and inform. So, put your thinking cap on and see how well you know the ins and outs of platform strategy and innovation!
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