👋 On time for your weekend: a weekly round-up of remarkable stories at the intersection of #ecosystem #innovation and #platform #organisation.
Apple, Its Control Over the iPhone, The Internet, And The Metaverse:
[A] growing percentage of our income will be spent on virtual assets, goods, experiences — many of which we’ll be able to sell, trade, share, use or improve. And of course, enormous new industries, marketplaces and resources will emerge to enable these opportunities, with novel types of labor, skills, professions and certifications invented to serve them
🍏🦍 The Apple-shaped Gorilla in the Metaverse—Matthew Ball
How to Eat an Elephant, One Atomic Concept at a Time
The best companies introduce better atomic concepts and help push their customers forward. Strong enough products will have ecosystems around them whether or not the companies actively manage it. The best companies don’t just benefit from these ecosystems, they build their platforms to enable and direct these ecosystems in ways that empower their customers more.
🔋 The power in empowerment loops—Kevin Kwok
Product-to-platforms (Part I):
every company should at least consider building in elements of those platforms in order to enhance growth and/or defensibility by generating network effects around its products/services. At the very least, this will be a useful exercise which might spark creativity around product innovation and business models, and a better understanding of where a given product/service business’ competitive advantage lies.
🎡 Get those loops spinning—Platform Chronicles