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

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):

1. Insufficient problem to solve
2. Wrong ecosystem configuration
3. Wrong governance choices
4. Inadequate monetization
5. Weak launch strategy
6. Weak defensibility
7. Bad execution

Cited in this talk:

• Why Do Most Business Ecosystems Fail (BCG)

Related podcasts and articles:

• Xiaomi, Meitu and Why Platforms Fail (1 of 2) (Jeff’s Asia Tech Class – Podcast 43)
• Review: Why Digital Platforms Are the Super Predators of Business (Jeff’s Asia Tech Class – Podcast 16)

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.

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