Platform Strategy BT - The Palgrave Encyclopedia of Strategic Management

Abstract

This article summarizes the platform strategy literature and is organized around launch strategies, governance and competition. A platform strategy is the mobilization of a networked business platform to expand into and operate in a given market. A business platform, in turn, is a nexus of rules and infrastructure that facilitate interactions among network users. Platforms provide building blocks that serve as the foundation for complementary products and services. They also match buyers with suppliers, who transact directly with each other using system resources and are generally subject to network effects.