Platform business model: the most revolutionary innovation idea right now
The platform business model must be considered the most important and revolutionary business model of the last decade or two.
One thing you should know is that I use the word platform business instead of App. But it's the same. I want to make clear that the most successful Apps are platform businesses.
I have covered the platform business model in great, great depth. That means I have covered the most successful Apps and their business models in depth (each of the following is clickable though the formatting may not show it): Google, Facebook, Twitter, Snapchat, Pinterest, Uber, Airbnb, Booking.com, TripAdvisor, Expedia, Groupon, Yelp, Amazon, Amazon Prime TV, Amazon Kindle, Netflix, Complete Guide to the Revolutionary Platform Business Model, and more.
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If you are committed to succeed you can skip the pre-read and go straight to the most valuable resources that I have created for you:
If you are a tech lover and want to learn about their business models then this article series will be of great interest for you. This part will start with an overview over a range of examples of hardware / software technology businesses. As you can see from our mind map below, we are talking […]
Last time we covered gave an overview of what we understand under hardware / software platforms. We also covered the differences between the linear business model and the platform business model. Apple is using both business models in many forms and areas of their business. We will cover both in this article and will see […]
The concept of the value chain was first devised by strategy guru professor Michael Porter in his 1985 book “Competitive Advantage”. It has probably served millions of business managers to understand and design their business processes.
But given it was invented with traditional businesses in mind, the question is whether it is still relevant in our times? Can we use it for our endeavours to create digital business models and create apps?
My answer is a clear yes! We will use Apple News as our example and see how this tool can provide great value to us.
Disruptive innovation is probably one of the few ways that a startup can beat well-established (and well-capitalised) incumbents. The concept of DI has been stated as one of the most significant business management concepts. Clayton Christensen (CC) was ranked 1st Thinkers50 in 2011 and 2013, 2nd in 2015 and 3rd in 2017 (note this list is published only every second year).
But disruptive innovation (DI) is not what many people think. It gets often confused with breakthrough innovation (and other forms of innovation). But its playbook is fundamentally different from that of breakthrough innovation.
We are looking at this essential concept and its fascinating details. We use Airbnb as a real-world example to apply the theory on.
Learn about one of the most important innovation concepts now …