Nascent Platform Strategy Overcoming the ChickenorEgg Dilemma Andy Wu David R Clough Sasha Kaletsky 2019
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“When there’s a chicken or egg dilemma, often the solution is a platform.” This was the central argument behind Andy Wu’s case study, “Nascent Platform Strategy Overcoming the ChickenorEgg Dilemma”. As a strategy consultant for the last 20 years, I had the privilege of hearing many such dilemmas. It’s a familiar dilemma in technology, where customers demand new features in a product early, and the company can’t deliver those features fast enough. As an example,
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“It seems to me that it’s the chicken or the egg problem.” To this day I have no idea whether this quote accurately reflects either the chicken’s or the egg’s situation. A chicken may live in a cage, but it needs both the chickens and the egg to breed. Similarly, if there is no internet, people cannot connect with each other, but they also cannot go online. In my career, I have met so many business leaders who, like chickens, have no direct means of connecting with customers, supp
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– “Overcoming the ChickenorEgg Dilemma: How to Make Your Startup’s Next Leap” (2019) – “Disrupting the Market: The ChickenorEgg Story” (2018) – “ChickenorEgg” (2017) – “Nascent Platform Strategy” (2017) – “The ChickenorEgg Marketplace” (2016) – “BirdorEgg” (201
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1. Discuss the concept of nascent platform strategy, with an emphasis on how it can help companies overcome the chickenoregnome dilemma. 2. Provide specific examples of nascent platforms and how they have successfully overcame the chickenoregnome dilemma in the past. 3. Analyze the key challenges associated with developing a nascent platform and offer practical solutions to overcome them. 4. Provide insights on how nascent platform strategy can be applied beyond the financial services sector and explore the potential benefits and draw
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The best case study ever! site link – Based on real-life experiences, the paper will be about 2,000 words. – The story should be about a company that was a Nascent Platform Strategy company. – The company should be in the business of a nascent platform, which means that it had been launched but was still gaining traction among customers. – The company should be a case study that is easy to understand. – The paper should be written in the first person. – The paper should be written around 160
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1. What is the Chicken or Egg Dilemma, and how does Andy Wu resolve it in his book “Nascent Platform Strategy”? The Chicken or Egg Dilemma is a concept that refers to the challenge of deciding whether to base a strategy on existing resources (e.g., products, processes, customers, or technologies) or create new resources and then look for partners or customers to build them. 2. What is the significance of Andy Wu’s approach to address this dilemma in his book?
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“Nascent platform strategy overcoming the chicken or egg dilemma” is a marketing strategy that helps a business launch an innovative product with limited resources. In an innovative market, the chicken or egg dilemma can lead to a situation where new products fail to gain traction or customers do not purchase the new product. Nascent platform strategy overcomes this dilemma by providing customers with a convenient and affordable option, thus creating a demand for the new product. I’ll explain the nascent platform strategy in more detail below:
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