Podcast
Questions and Answers
What is Google's focus on innovation to improve its core business?
What is Google's focus on innovation to improve its core business?
- Incremental, radical, and disruptive innovation
- Sustaining, radical, and disruptive innovation
- Incremental, radical, and commercial innovation
- Sustaining, radical, and commercial innovation (correct)
What is Google's approach to innovation?
What is Google's approach to innovation?
- Disruptive and chaotic
- Sustaining, radical, and commercial (correct)
- Reactive and defensive
- Incremental and conservative
What is the critical asset in a platform strategy?
What is the critical asset in a platform strategy?
- The community and its resources (correct)
- The producers
- The competition
- The consumers
What is the critical asset in platform strategy?
What is the critical asset in platform strategy?
What is the main difference between traditional competition and platform competition?
What is the main difference between traditional competition and platform competition?
What is the focus shift in platforms?
What is the focus shift in platforms?
What type of firms are considered the most valuable?
What type of firms are considered the most valuable?
What type of companies are the most valuable?
What type of companies are the most valuable?
What is the common factor among all platforms?
What is the common factor among all platforms?
What is the common characteristic of all platforms?
What is the common characteristic of all platforms?
How do MSPs create value?
How do MSPs create value?
How do MSPs create value?
How do MSPs create value?
What are the key decisions for MSPs?
What are the key decisions for MSPs?
What are the key decisions for MSPs?
What are the key decisions for MSPs?
What might existing MSPs do with their power?
What might existing MSPs do with their power?
What may existing MSPs use their power to do?
What may existing MSPs use their power to do?
What are the risks and advantages of Alphabet's decentralization strategy?
What are the risks and advantages of Alphabet's decentralization strategy?
What are the key factors for success in Alphabet's decentralization strategy?
What are the key factors for success in Alphabet's decentralization strategy?
What are the key factors for success in Alphabet's decentralization strategy?
What are the key factors for success in Alphabet's decentralization strategy?
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.
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Description
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!
