Some books are difficult to summarize. Platform Revolution is one such book because its descriptive content requires more. To follow-up on my initial overview, I’ll provide a more detailed summary and wrap-up in this commentary of the key platform attributes described by authors Geoffrey Parker, Marshall Van Alstyne and Sangeet Paul Choudary.
Some books are difficult to summarize. Platform Revolution is one such book because its descriptive content requires more. To follow-up on my initial overview, I’ll provide a more detailed summary in this commentary and part III of the key platform attributes described by authors Geoffrey Parker, Marshall Van Alstyne and Sangeet Paul Choudary.
Most people have heard of Uber, Airbnb, Amazon and PayPal. The growth and success of these companies and others stem from a technology-based business model that connects people and resources in an interactive ecosystem that creates and exchanges value while disrupting traditional businesses. That model is a platform and successful companies that utilize its power are transforming business, the economy and society.
More than 40 years ago, my high school chemistry teacher authored high school and college chemistry textbooks. During the school year, he updated our assignments based on the next version thereof. As an undergraduate and master’s student, I had some professors who provided us with pre-publication draft papers to supplement course texts. For most of my classes, however, syllabi changes were infrequent and usually only modified for page or chapter changes in the latest version of the same text utilized for years.
The eighth annual University of Pennsylvania Graduate School of Education (Penn GSE) Education Business Plan Competition, co-sponsored by the Milken Family Foundation, was held on campus on April 25. As a Penn GSE graduate, I have been involved with the competition as an early- or finals-round judge since its inception, and APUS has sponsored a major $20,000 Venture Path prize for the past six years.
In Whiplash: How to Survive Our Faster Future, Joi Ito, director of the MIT Media Lab, and Jeff Howe, assistant professor and founding director of the Media Innovation program at Northeastern University, accurately describe the state-of-the-art in technology through nine organizing principles whereby adaptive individuals and organizations can respond to ever-accelerating technology advancements. In the introduction, the authors write, “our technologies have outpaced our ability as a society to understand them [and] now we need to catch up.” They note that the principles are not intended to be rules or laws, but rather complementary, unranked guidelines for achieving this goal.
At the Duke Marine Lab in Beaufort, North Carolina, drones are used for many purposes ranging from photography of marine animals, weather and mapping to other oceanographic research and observation needs. The same autopilot system that guides the drones guides an autonomous ground rover, boat and submersible.
Last week, serial entrepreneur Mark Cuban created a stir with his statement at the SXSW (South by Southwest) conference that the world’s first trillionaire will be someone who masters artificial intelligence (AI). In the past, Cuban has been an avowed proponent of the value of a liberal arts degree for its ability to teach critical thinking. However, at SXSW, he advocated the study of computer science, stating, “Whatever you are studying right now, if you are not getting up to speed on deep learning, neural networks, etc., you lose."
If I value a book section based on the number of pages I have highlighted, the winner would be Part IV of the Content Trap, which rightfully advances and supports the points made previously with both evidence and conclusions.
Dr. Bharat Anand writes about Mark McCormack, the legendary founder of International Management Group (IMG), who recognized that athletes could earn as much or more off the playing field, as on it. In signing Arnold Palmer as its first client, IMG grew to become the largest talent agency in golf and from there expanded to tennis, motor sports racing, track and field, baseball, football, fashion models, authors and musicians. The reason for IMG’s success was its ability to manage connections across products.