Platform organisations are changing the face of business, fostering a new breed of entrepreneurship. They operate on the principle of creating value by facilitating interactions between external producers and consumers. Unlike traditional businesses, these organisations don’t control resources but orchestrate ecosystems of resources.
This shift towards platform organisations is driven by three key trends. Firstly, the digitalisation of interactions, which allows for the creation of scalable, network-based business models. Secondly, the democratisation of the means of production, which enables individuals and small businesses to compete with larger corporations. Lastly, the growing importance of communities and social interactions in value creation, which promotes the development of ecosystems rather than individual businesses.
To succeed, platform organisations need to follow certain design principles. They must design for openness, allowing for a broad range of participants. They need to focus on interaction, fostering a sense of community and shared value. They should also design for scalability, ensuring they can grow and adapt as needed.
The shift to platform organisations presents both opportunities and challenges. While they offer the potential for rapid growth and innovation, they also raise questions about power dynamics, governance, and the fair distribution of value. As such, understanding their anatomy is crucial for both entrepreneurs and policy-makers.
Go to source article: https://stories.platformdesigntoolkit.com/the-platform-organization-anatomy-75bab3f6767d