Businesses that think of their products as platforms are building a strategic foundation for the future. As a leader with strategic responsibility, consider your priorities, choose the right partners and address challenges to unlock the power of the platform mindset.
Building and maintaining a scalable platform can be expensive and time-consuming. They are complex to design, develop, and implement. The process requires skilled personnel and expertise.
Some examples of businesses that built a solid foundation thanks to platform mindset are:
Netflix: Transformed from a DVD rental service to a global streaming giant with a user-friendly platform and original content strategy.
Amazon Web Services (AWS): Dominated the cloud computing market by providing a scalable and reliable platform with a diverse range of services.
Airbnb: Revolutionized the travel industry by creating a platform that connects travelers with unique accommodation experiences.
These success stories illustrate the immense potential of platform and product development. By overcoming the challenges and focusing on user needs, businesses can achieve remarkable results and reach new heights.