02/18/2023 Do you know that five of the top 10 companies by market capitalization - Apple, Microsoft, Amazon, Alphabet (Google), Facebook are platforms. It is clear that Platform businesses are flourishing. So what is a PLATFORM? A Platform is simply an entity that facilitates any exchange between two interdependent groups, namely producers and consumers. A platform makes it possible to connect tools, teams, data, and processes under one digital roof using networking effects. Platform businesses facilitate transactions between two parties without creating, manufacturing, or owning inventory. Uber doesn't own any cars, Zomato doesn't own any restaurant, Amazon doesn't have their own inventory, similarly for all the platform businesses. What are the advantages?
#102 Platform Business Models
#102 Platform Business Models
#102 Platform Business Models
02/18/2023 Do you know that five of the top 10 companies by market capitalization - Apple, Microsoft, Amazon, Alphabet (Google), Facebook are platforms. It is clear that Platform businesses are flourishing. So what is a PLATFORM? A Platform is simply an entity that facilitates any exchange between two interdependent groups, namely producers and consumers. A platform makes it possible to connect tools, teams, data, and processes under one digital roof using networking effects. Platform businesses facilitate transactions between two parties without creating, manufacturing, or owning inventory. Uber doesn't own any cars, Zomato doesn't own any restaurant, Amazon doesn't have their own inventory, similarly for all the platform businesses. What are the advantages?