Chapter 3 (Competition)
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Questions and Answers

Which factor contributes to the fast growth of platform businesses?

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What makes it extremely hard to launch a direct challenger to an established platform?

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What enables platforms to efficiently use distributed pockets of economic value?

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How do platforms compete to attract customers?

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What is a platform?

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What are the three key points included in the definition of a platform?

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How is competition in the digital revolution different from before?

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What is the main characteristic of a platform business model?

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Which of the following is NOT one of the four types of platforms mentioned in the text?

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Which type of network effect occurs when an increase in the number and quality of customers on one side of the platform drives increasing value for customers on the other side of the platform?

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Which of the following digital technologies is NOT mentioned as driving the growth and power of multisided platforms?

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Why do platform businesses tend to be light in assets and have few employees for the revenue they generate?

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Which one of the following best describes disintermediation?

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Which one of the following best describes intermediation?

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Which one of the following is an example of disintermediation?

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Which one of the following is a challenge businesses face in adapting to the shifting landscape of competition and cooperation?

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Which of the following is a challenge in organizations with a 'competition is war' mindset?

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What is one of the biggest challenges of a platform business model?

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What is required for platforms to grow?

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Why may a hands-off approach be challenging for some leaders or company cultures?

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