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on January 31, 2017
This is an excellent book, and goes into great detail about its premise (the "modern monopoly") and how it is fundamentally different from the traditional monopolies that dominated (and exploited) capitalism in the past. Unlike many other books, Moazed and Johnson draw their evidence from modern examples: Facebook, Apple, Google, Uber, the large players whom have made their fortunes from the new "platform business model".
Modern Monopolies discusses the power of networks, and how the traditional "one-to-many", B-to-C model is evolving into a "many-to-many", C-to-C model with a platform business as the supervisor. The authors combine theory with practice, bringing in economic theory but supplementing it with real-world, historical examples.
This is useful for any business person, from an entrepreneur trying to make his/her way with a small startup to the largest Fortune 500 CEO trying to pivot and evolve their corporation. After reading this, I was inspired to think about what other sorts of traditional, one-to-many businesses could be transformed via a many-to-many model. Highly recommended.
Modern Monopolies discusses the power of networks, and how the traditional "one-to-many", B-to-C model is evolving into a "many-to-many", C-to-C model with a platform business as the supervisor. The authors combine theory with practice, bringing in economic theory but supplementing it with real-world, historical examples.
This is useful for any business person, from an entrepreneur trying to make his/her way with a small startup to the largest Fortune 500 CEO trying to pivot and evolve their corporation. After reading this, I was inspired to think about what other sorts of traditional, one-to-many businesses could be transformed via a many-to-many model. Highly recommended.
on May 8, 2017
I came across Modern Monopolies looking to grasp a better understanding of the in's and out's of platform business models. The book jumped right into case studies on why the platform model is disrupting and dominating society today. It brought the concept of platform-based business to an immediate comprehension and understanding of the core benefits. In reading further into the book, you uncover applications to a variety of industries and how to take principles from the learnings on the platform model to many different types of companies. You will learn why companies failed - sharing commons themes like growing pains, rise of competition or movement from a core offering. I found significant benefit from the case studies of why companies dominated - how their business model scaled, offered a value proposition to customers, or could adapt to the ever-changing landscape of clutter/content/change in today's society. I have no doubt that this book will inspire new ideas for doing business in a platform world.
on May 16, 2017
Modern Monopolies is a very insightful deep dive into the types of companies that are now dominating business landscape across the world. Moazed and Johnson offer a detailed look into what makes a company truly valuable in the modern age.
These companies are not bound by their means of production; rather, their success hinges on a couple of crucial things: excellent technology and a network. Great tech is table stakes for a platform to be successful - it has to be easy to use, intuitive and beautiful. More importantly, however, is the ability for a company to create a vibrant and active network of users on the platform from to cater to the two interdependent sides of a transaction: the producers and consumers.
I recommend Modern Monopolies to anyone who wants to understand the special sauce behind today's most successful companies like Facebook, Uber, Air BnB, and more.
These companies are not bound by their means of production; rather, their success hinges on a couple of crucial things: excellent technology and a network. Great tech is table stakes for a platform to be successful - it has to be easy to use, intuitive and beautiful. More importantly, however, is the ability for a company to create a vibrant and active network of users on the platform from to cater to the two interdependent sides of a transaction: the producers and consumers.
I recommend Modern Monopolies to anyone who wants to understand the special sauce behind today's most successful companies like Facebook, Uber, Air BnB, and more.
Alex Moazed's Modern Monopolies Platform Business Model is a necessity for any business to be successful in this Century
on October 19, 2016
Very Impressive Business innovation for all Legacy companies. Sent 20 books I purchased to 20 of my S&P500 CEO friends. I expect they will take up my advice and implement Alex Moazed's Platform business model. This is the first book that states that this is what it takes for any company to be successful in a Cloud environment.
on November 13, 2016
As a media guy, I found the insight around social sites like Facebook and Twitter to be particularly palatable. There's something in this book for everyone who wants make a buck and I really enjoyed the flow from economic thought into real-life case studies and speculation. Very good book!
on February 6, 2017
This book takes all of the dots that comprise the most successful companies in the world and connects them in a meaningful and palatable way. I loved the case studies of why certain companies failed (like MySpace) and highlights the road forward for dominating.
on November 11, 2016
I'm only halfway through Modern Monopolies, but it's so good! Smart examples of where companies have gone right and wrong in the last 20 years and it lays out a vision of what the next step should be for the tech sector. Tip of the hat to the authors!
on November 12, 2016
I really enjoyed the business analysis in Modern Monopolies. The authors don't seem like old professors, but that makes it more palatable since they know their stuff! Best book on platforms out there and one of my top 5 biz books for the year.
on April 19, 2017
The author's insights gathered from past experiences with startups and research on platform businesses are clearly present throughout the book. It serves as a recent history lesson as well as a prescription for aspiring entrepreneurs. It will be interesting to see where the ideas presented in the "where to look next" section will be in years to come.
Overall, it was an easy and concise read. I definitely recommend this book if you are even remotely interested in the business structures of companies like Uber, Facebook, and Google.
Overall, it was an easy and concise read. I definitely recommend this book if you are even remotely interested in the business structures of companies like Uber, Facebook, and Google.
