Recall the core distinctions behind platform thinking in live decision-making.
Product vs platform A product creates value mainly through what the company builds and delivers itself. A platform creates value by enabling high-quality interactions between interdependent participants. Ask who creates the value unit. Real network effect A network effect exists when the next good participant measurably improves value for others in the system. Ask what outcome changes for whom. False positive Growth, virality, and economies of scale can exist without a network effect. Do not confuse demand spend or brand strength with interaction improvement. Governance Governance is the rule system that shapes access, quality, ranking, incentives, and recourse on the…
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