Platform organisations are evolving from traditional business models, with the platform itself becoming a significant part of the product. They are characterised by an open architecture, which allows for the integration of external producers and consumers. This model enables accelerated growth, as it draws on the collective intelligence of the network, fostering innovation and value creation.
The platform organisation model is not limited to digital businesses. It is increasingly being adopted by various sectors, including manufacturing, education, and healthcare. It is a model that is democratising access to resources, providing a level playing field for all participants, and allowing for the creation of new business models and opportunities.
The success of a platform organisation depends on its ability to balance the interests of all stakeholders. It requires an understanding of the dynamics of the platform ecosystem, and the ability to manage the tensions between openness and control, and between competition and cooperation. It also calls for a shift in leadership style, from command and control to orchestration and facilitation.
In a platform organisation, the value is co-created and shared among all participants. It is a model that is transforming the way businesses operate, and is set to shape the future of the global economy.
Go to source article: https://www.slideshare.net/Meedabyte/the-meaning-of-the-platform-organization