Nascent Platform Strategy Overcoming the ChickenorEgg Dilemma
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Over the past decade, start-ups have had the privilege to learn from big corporates. Big corporates, having the resources and network, are able to create a long-term partnership with start-ups, leveraging their technology and innovation. However, the other scenario where start-ups have found success is by following the “Chicken or the Egg” dilemma. In this, start-ups take the “Chicken” and build the e-commerce model and the “Egg” is to become a mass consumer product with a brand and
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ChickenorEgg Dilemma – Letting Go! If you’re still at the “idea stage,” it’s time to let go. There is no need to hold on to your first idea – the ones that are not going anywhere, or ones that are not making a dent in your industry. They might still work for you, but not anymore. It’s okay to let go of these “idea-less” ideas, and work on developing new ones. If these “idea-less” ideas are dead ends, then let them go. Instead
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I started my career as a software engineer working for a tech company. I was working for a tech company when I got a call from the CEO of a start-up. They needed someone with my experience to work on their new platform strategy. I thought it was a chance for a new challenge, but as soon as I landed there, I was overwhelmed. At first, the startup was doing great, but as we moved ahead, we realized that it was not enough. We needed to think differently about our platform. So, I took it upon
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Nascent platform strategy overcoming the chicken-or-egg dilemma: Case study I am writing this case study to provide an example of a nascent platform strategy that can overcome the chicken-or-egg dilemma, especially in startups. It’s the case of Appen, a company that provides language translation services through a network of 3.2 million freelance workers in 190 countries. The Chicken-or-Egg Dilemma The Chicken-or-E
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First-Person Perspective In my youth, I dreamt of having it all. I dreamt of being a brilliant author, a renowned scientist, an accomplished artist, and an accomplished musician. That is what I was striving for. In order to achieve that dream, I knew that I would have to put in a lot of hard work. I dedicated myself to writing and performing, hoping that my talent would make it all worth it. But, at times, I doubted my abilities and sometimes felt frustrated. I would put in
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A recent study conducted by the US Government indicated that startups that focus on delivering on user’s needs outperform their peers by 4.8 times. This was done with the aid of technology-driven platforms. Platforms enable users to solve their problems with ease. However, one cannot just start with technology and market it. visit this web-site This is a difficult task as the chicken or egg dilemma arises. The egg dilemma arises when startups cannot achieve the initial stage of adoption (egg) without technology (chicken).
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Nascent Platform Strategy Overcoming the ChickenorEgg Dilemma Nascent platform strategies typically come into play when startups aim to enter into a particular niche or domain, that is, when a startup does not yet have the funding, scale, and resources to launch a fully-baked product. While these types of startups might require long-term funding, they do not necessarily need to launch an entirely new product from the start. In this case, Nascent Platform Strategy Overcoming the ChickenorEgg Dile