THOUGHT FOR THE DAY

Patience

“Patience is the companion of success.” - Preethi A.

TOPIC OF THE DAY

How Twitter, Google, and Apple Walk a Fine Line in Platform Defense

Innovators who build platforms face a difficult set of trade-offs. To begin with, the very definition of a platform requires buy-in from others — and not simply from the consumers you hope will purchase your product. The consumers and suppliers of complementary products need to make real investments too, investments that will enhance the overall value of the platform. So the platform owner not only has to build a base of consumers who will use its platform and buy products, it also has to manage the relationship with complementary suppliers and their consumers. Google, Twitter, and Apple have each taken a different path in handling this balancing act.

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