from #TheNTWKTalk “Scaling through Network Effects”, by Prasad Mk
Do you want to know how to define platform-based business models and why are they so powerful? Watch what Prasad MK told to us:
Takeaways:
- In the last five to seven years, the needs of the customers have increased to sky levels: regular customers, as well as business industries or business B2B companies, are looking at an end-to-end holistic service
- The traditional enterprises fall short in meeting those needs: enterprises that are just focusing on
one specific area cannot survive
- In the platform business model there are two key things that makes it more powerful: extremely obsessed with what the customer needs are and their experience; and looking at an ecosystem or partners to come together to produce that aggregated good to the end consumer
- By creating a multiplying effect, the platform business model becomes much more valuable and highly effective
For more on this topic, follow Platform Economy and Business Ecosystems and access the full🎙🎙Recording Session on TheNTWKEvents Node