Can Xiaomi or Meitu Win as Platforms / Ecosystems? (2 of 2) (44)

08/23/20 • 68 min

This is part 2 about Xiaomi, Meitu and 7 reasons why platforms / ecosystems succeed or fail. Part 1 is here.
You can listen here or at iTunes, Google Podcasts and Himalaya.
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:

Why Do Most Business Ecosystems Fail (BCG)

Related podcasts and articles:

This is part of Learning Goals: Level 7, with a focus on:

#30: Ecosystems vs. Digital Platforms

Concepts for this class:

Ecosystems vs. Digital Platforms
SMILE Operational Marathon: Ecosystem Orchestration and Management
Switching costs
Share of consumer mind

Companies for this class:

Xiaomi
Meitu

———-
I write, speak and consult about how to win (and not lose) in digital strategy and transformation.
I am the founder of TechMoat Consulting, a boutique consulting firm that helps retailers, brands, and technology companies exploit digital change to grow faster, innovate better and build digital moats. Get in touch here.
My book series Moats and Marathons is one-of-a-kind framework for building and measuring competitive advantages in digital businesses.
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.

Support the show

Insufficient problem to solve
Wrong ecosystem configuration
Wrong governance choices
Inadequate monetization
Weak launch strategy
Weak defensibility
Bad execution

Cited in this talk:

Why Do Most Business Ecosystems Fail (BCG)

Related podcasts and articles:

This is part of Learning Goals: Level 7, with a focus on:

#30: Ecosystems vs. Digital Platforms

Concepts for this class:

Ecosystems vs. Digital Platforms
SMILE Operational Marathon: Ecosystem Orchestration and Management
Switching costs
Share of consumer mind

Companies for this class:

Xiaomi
Meitu

Support the show

Previous Episode

Xiaomi, Meitu and Why Platforms Fail (1 of 2) (43)

In this class, I talk about why platforms fail and do an introduction to ecosystems vs. platforms.
You can listen here or at iTunes, Google Podcasts and Himalaya.
Cited in this talk:

Why Do Most Business Ecosystems Fail (BCG)

Related podcasts and articles:

This is part of Learning Goals: Level 7, with a focus on:

#30: Ecosystems vs. Digital Platforms

Concepts for this class:

Ecosystems vs. Digital Platforms
SMILE Operational Marathon: Ecosystem Shaping and Management
Mismatched and/or Crippled Scale
Digital-Physical Hybrids
Multihoming
Blitzscaling

Companies for this class:

None

Support the show

Next Episode

What is the Secret of Pinduoduo’s Success? With Matthew Brennan and Elliott Zaagman. (1 of 2) (45)

This is Part 1 about Pinduoduo and the idea of interactive / engagement-driven ecommerce. Our guests for this podcast were Matthew Brennan and Elliott Zaagman.
Elliott Zaagman is co-host the China Tech Investor podcast and a research and communications professional focused on China.
Matthew Brennan is Managing Director of the China Channel.
We discuss their whitepaper on Pinduoduo and interactive commerce, which is available at China Channel.
The 5 choices for explaining Pinduoduo’s success are:

First mover in a huge market. Got the right product at the right time in the right market.
Offered low cost (sometimes free) products to a frugal demographic.
Interactive / engagement-focused ecommerce.
Group buying and virality. The tie with WeChat.
Good execution and management.

Related podcasts and articles:

This is part of Learning Goals: Level 7-8, with a focus on:

#31: Introduction to Pinduoduo

Concepts for this class:

Value for Money. The Power of Cheap and Free. Example of Digital Superpower #1: Dramatically improving the user experience.
Interactive / Engagement-Focused Ecommerce
Virality and Word of Mouth

Companies for this class:

Pinduoduo

Support the show

The Tech Strategy Podcast - Can Xiaomi or Meitu Win as Platforms / Ecosystems? (2 of 2) (44)

Transcript

:
Welcome, welcome everybody. My name is Jeff Towson and this is Jeff's Asia Tech Class. And the question for today, can Xiaomi or Meitu win as a platform or ecosystem? Now this is really part two of two that this is a continuation of the previous podcast which was number 43. And that was titled Xiaomi, Meitu and Seven Reasons Why Platforms Fail. And if you haven't listened to that, I sort of suggest you pause here, go back and listen to that, because that was a bit of theory about platform