Understanding The Dynamics Of Platform Businesses That Dominate The Market With Nick Johnson

Nick Johnson is the Principal at Applico; he is also the co-author of the best selling book “Modern Monopolies,” which is incredible reading to understand the business model that is dominating today’s business world. With Nick, we explored the dynamics of platform business models. Contents How did you get to study business modeling and the platform business models? How has the business world changed since platform business models dominate? What is a diseconomy of scale? How have economies of scale changed in a world dominated by platform business models? What’s the definition of a platform business model? What is the core transaction? Why is the core transaction so crucial for a platform business model? How are platform business models primarily categorized? Are traditional business strategy tools like Porter’s five forces still useful? How do you build network effects? Uber network effects case study How do you know when you reached the critical mass to scale? Do platform business models create more prominent and larger markets? What’s the critical difference between a modern monopoly to an old monopoly? Is scale an essential element for any platform business model? What suggestion do you have for anyone starting a platform business model from scratch? Key takeaways