The World's Best Book Summaries
How do you build a platform business? What type of participants are important for platforms? Platform business models are game-changers, and you might be inspired to start your own platform business. Geoffrey G. Parker, Marshall W. Van Alstyne, and Sangeet Paul Choudary cover three design fundamentals to consider as you get started. Below we’ll look at how to build a platform business using the three design fundamentals.
What type of participants do you want for your business? How do you attract users? As you design your platform, you must make choices about which participants you want to invite to your platform and what they’ll be allowed to do. Geoffrey G. Parker, Marshall W. Van Alstyne, and Sangeet Paul Choudary primarily focus on two types of participants: users and external developers. Keep reading to learn how to get users and external developers to use your platform.
Is your business suffering from a lack of customers? Where do you find potential customers? A business won’t get anywhere without customers. Geoffrey G. Parker, Marshall W. Van Alstyne, and Sangeet Paul Choudary stress that to attract users to your platform, you must ensure your platform has obvious inherent value. Continue reading to learn how to attract customers.
What does a company manager do? What are the traits of a successful manager? The fourth level of the Leadership Pipeline is the company manager. These managers are in charge of entire companies—although they still report to higher-ups in their organization’s parent company. Read below to learn how to manage a company successfully.
How do you turn a profit in business? What are effective profit-making strategies? Turning a profit can be difficult because many strategies can actually decrease your business’s value. Thankfully, Geoffrey G. Parker, Marshall W. Van Alstyne, and Sangeet Paul Choudary have strategies that will guarantee your business earns more money. Find out how to earn profit in business below.
What does a managing director do? Who do they report to? Multi-company managers, also known as managing directors, are high-ranking corporate executives who oversee multiple company managers. They report directly to a conglomerate’s CEO, meaning they’re one of the highest-ranking leaders in a company. Discover more about the responsibilities of a managing director.
What is drip pricing? What psychological tactics enable the practice? How can regulation curb it? Drip pricing is a deceptive business practice that advertises a low price, then adds hidden fees at the final payment. US federal agencies are exploring regulatory action against drip pricing as part of the Biden Administration’s economic agenda, though the success of these measures remains to be seen. Keep reading to learn about deceptive drip pricing practices and if anything can be done to prevent them.
Ever wonder how likely you are to get picked for an IRS audit? How can you avoid it? Avoiding common IRS red flags, like large unexplained deductions or mismatched income reporting, can significantly reduce your chances of an audit. Good bookkeeping is essential. Read on to learn more about how to keep your tax return squeaky clean by avoiding these nine IRS red flags.
Do you work in platform management? What’s a strategic platform administration? Once you launch your platform, you need to manage it carefully to ensure its success. To help you accomplish this, we’ll cover three key management principles. Take a look at the three principles of platform management.
What does a good CEO do? How can CEOs help their companies succeed in the short and long term? The CEO role is the ultimate prize at the end of the rainbow for career-driven managers. CEOs are in charge of the bottom-line success of a global conglomerate and all its subsidiary companies. Find out how to be a good CEO who garners good results for companies.