Networks, platforms, and strategy: Emerging views and next steps
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TLDR
In this article, the authors present a review of current perspectives on network effects and the emergence of platforms, and offer several areas of future consideration for optimal strategies in these settings, including drivers of indirect network effects, the nature and attributes of complementors, and leveraging complementor dynamics for competitive advantage.Abstract:
Research summary: A substantial and burgeoning body of research has described the influence of platform-mediated networks in a wide variety of settings, whereby users and complementors desire compatibility on a common platform. In this review, we outline extant views of these dynamics from the industrial organization (IO) economics, technology management, and strategic management perspectives. Using this review as a foundation, we propose a future research agenda in this domain that focuses the on the relative influence of network effects and platform quality in competitive outcomes, drivers of indirect network effects, the nature and attributes of complementors, and leveraging complementor dynamics for competitive advantage.
Managerial summary: In many industries, such as social networks and video games, consumers place greater value on products with a large network of other users and a large variety of complementary products. Such “network effects” offer lucrative opportunities for firms that can leverage these dynamics to create dominant technology platforms. This article reviews current perspectives on network effects and the emergence of platforms, and offers several areas of future consideration for optimal strategies in these settings. Copyright © 2016 John Wiley & Sons, Ltd.read more
Citations
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Towards a Theory of Ecosystems
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Digital Transformation: A Multidisciplinary Reflection and Research Agenda
Peter C. Verhoef,Thijs Broekhuizen,Yakov Bart,Abhi Bhattacharya,John Qi Dong,Nicolai Etienne Fabian,Michael Haenlein +6 more
TL;DR: In this article, the authors identify three stages of digital transformation: digitization, digitalization, and digital transformation, and delineate growth strategies for digital firms as well as the assets and capabilities required in order to successfully transform digitally.
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The platformization of cultural production: Theorizing the contingent cultural commodity:
David B. Nieborg,Thomas Poell +1 more
TL;DR: Focusing on the production of news and games, the analysis shows that in economic terms platformization entails the replacement of two-sided market structures with complex multisided platform configurations, dominated by big platform corporations.
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Understanding platform business models: A mixed methods study of marketplaces
Karl Täuscher,Sven M. Laudien +1 more
TL;DR: Six clearly distinguishable types of marketplace business models are revealed and it is shown that there is no one-size-fits-all approach to creating, delivering, and capturing value with marketplaces and platforms in general.
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Digital platform ecosystems
Andreas Hein,Maximilian Schreieck,Tobias Riasanow,David Soto Setzke,Manuel Wiesche,Markus Böhm,Helmut Krcmar +6 more
TL;DR: This Fundamentals article first synthesize research on digital platforms and digital platform ecosystems to provide a definition that integrates both concepts, and uses this definition to explain how differentdigital platform ecosystems vary according to three core building blocks.
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