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The Platform Paradox: How Digital Businesses Succeed in an Ever-Changing Global Marketplace by
Mauro F. Guillen.
Click to ContinueSynopsis: In , Wharton professor highlights a key incongruity in this new world. Most platforms considered to be successful have triumphed in only some, rather than all, parts of the world. There are very few truly global digital platforms. In more than three decades of studying multinational firms, Guillén has found they often misunderstand key aspects of what it takes to succeed globally, from culture and institutions to local competitive dynamics and pursuing markets in a logical sequence. Seeing multibillion-dollar companies like Amazon flounder in certain markets has led Guillén to research what it takes to create a successful global strategy. In , Guillén details: In , Guillén offers an integrated framework for these platforms to identify and implement a digital platform strategy on a truly global scale.FortuneDigital platforms are changing the rules of competition in the global economy. Until recently, it took500 companies an average of 20 years to reach billion-dollar market valuations. Successful platforms now reach that milestone in an average of four years.How the COVID-19 pandemic has accelerated digitization and forced companies like to pivot and adapt;AirbnbThe Platform Paradox: How Digital Businesses Succeed in an Ever-Changing Global MarketplaceHow platforms like and have used local advantages to grow rapidly in different countries;The Platform ParadoxHow traditional companies have transformed themselves into digital platforms, like undertaking a digital revolution to emerge from bankruptcy and become the Apple of toys; andTinderThe possibilities and limits to global expansion, as illustrated by companies like and .UberLego.