LEADER 00000cam a2200421Ii 4500 001 908405039 003 OCoLC 005 20240129213017.0 006 m o d 007 cr unu|||||||| 008 150505s2014 maua ob 000 0 eng d 029 1 AU@|b000066233949 035 (OCoLC)908405039 037 CL0500000584|bSafari Books Online 040 UMI|beng|erda|epn|cUMI|dOCLCF|dOCLCO|dAU@|dCEF|dOCLCO |dOCLCQ|dOCLCO|dOCLCL 049 INap 099 eBook O'Reilly for Public Libraries 100 1 Hagiu, Andrei,|d1977-|eauthor.|1https://id.oclc.org/ worldcat/entity/E39PCjF8jj4wmTktxkkCPDBRjy 245 10 Strategic decisions for multisided platforms /|cby Andrei Hagiu.|h[O'Reilly electronic resource] 264 1 Cambridge, MA :|bMIT,|c2014. 300 1 online resource (1 volume) :|billustrations 336 text|btxt|2rdacontent 337 computer|bc|2rdamedia 338 online resource|bcr|2rdacarrier 504 Includes bibliographical references. 520 Multisided platforms (MSPs) are technologies, products or services that create value primarily by enabling direct interactions between two or more customer or participant groups. Prominent examples of MSPs and the participants they connect include eBay (buyers and sellers), Airbnb (dwelling owners and renters), the Uber app (professional drivers and users), Facebook (users, advertisers, third- party game or content developers and affiliated third- party sites), and Ticketmaster (event venues and consumers). As these examples illustrate, MSPs include some of the largest and fastest-growing businesses of the past decade. Why? Successful MSPs create enormous value by reducing search costs or transaction costs (or both) for participants. As a result, MSPs often occupy privileged positions in their respective industries; most other industry participants revolve around and depend on MSPs in important ways. This article begins with a description of how MSPs work and why they can erect such high barriers to entry for new participants. It then offers an analysis of four fundamental strategic decisions and associated trade- offs that set MSPs apart from other types of businesses and that every MSP entrepreneur and investor should carefully consider. These challenges are as follows: •the number of sides to bring on (deciding whether to bring on two or more); •design (ensuring the interests of the different platform sides are not in conflict with each other or the MSP); • pricing structures (determining which platform side or sides should be charged more, based on the groups' relative value from interacting with each other); and • governance rules (regulating the participation and activities undertaken by the various platform sides to ensure a high level of quality, or outsourcing that function to users through ratings systems). After examining the factors that drive each of these decisions and using real-world case examples, the author presents general principles that apply to both startups and incumbent MSPs. 588 Description based on online resource; title from cover page (Safari, viewed April 27, 2015). 590 O'Reilly|bO'Reilly Online Learning: Academic/Public Library Edition 650 0 Multi-sided platform businesses. 650 0 Business enterprises|xTechnological innovations. 650 6 Plateformes multifaces. 650 6 Entreprises|xInnovations. 650 7 Business enterprises|xTechnological innovations|2fast 650 7 Multi-sided platform businesses|2fast 710 2 Massachusetts Institute of Technology. 773 0 |tMIT Sloan Management Review.|gVol. 55, no. 2, Winter 2014. 856 40 |uhttps://ezproxy.naperville-lib.org/login?url=https:// learning.oreilly.com/library/view/~/53863MIT55225/?ar |zAvailable on O'Reilly for Public Libraries 994 92|bJFN