This is part 2 about Xiaomi, Meitu and 7 reasons why platforms / ecosystems succeed or fail. Part 1 is here.
7 reasons why ecosystems (and platforms) fail (by BCG):
- Insufficient problem to solve
- Wrong ecosystem configuration
- Wrong governance choices
- Inadequate monetization
- Weak launch strategy
- Weak defensibility
- Bad execution
Cited in this talk:
Related podcasts and articles:
- Ecosystems vs. Digital Platforms
- SMILE Marathon #5: Ecosystem Orchestration and Management
- Switching costs
- Share of consumer mind
Companies for this class:
I write, speak and consult about digital strategy and transformation.
My book Moats and Marathons details how to measure competitive advantage in digital businesses.
I also host Tech Strategy, a podcast and subscription newsletter on the strategies of the best digital companies in the US, China and Asia.
With my subscription newsletter, you will:
Get a deeper understanding of the strategies and business models of the best digital companies.
Get specific frameworks for measuring competitive advantage in digital businesses and for traditional businesses doing digital transformation.
Get an edge in predicting what is going to happen next and who is going to win.
Note: This content (articles, podcasts, website info) is not investment advice. The information and opinions from me and any guests may be incorrect. The numbers and information may be wrong. The views expressed may no longer be relevant or accurate. Investing is risky. Do your own research.