ww-Pratic methol Ch... Question 2 - WK 4 - Peactice: Strate. W 4 - Practice Strategy implementation (due Day 5 Help Save & Exit Submit 2 Part 2012 Required information Platform Strategy In the digital age, platforms are business model innovations that use technology (such as the internet, cloud computing. etc) to connect organizations, resources, Information and people in an interactive ecosystem where value-generating transactions can be created and exchanged. This activity is important because it highlights how some platform business models have achieved competitive advantage The goal of this exercise is to identify the advantages of platform business models 3.63 0432 Read again the definition of the platform business model in the overview. Then complete each statement with the term that correctly defines each platform strategy advantage Note: Not all terms are used BOR products ADVANTAGES TO PLATFORM BUSINESS MODELS tanut Platform businesses tend to frequently Hences pipeline businesses Demand Putforms scale more efficiently than pipelines by elminating competition management Platform businesses digital technology can grow much faster galokeepers Platforms unlock new sources of Soodback and supply value abon Feedback loops from consumers to the alow platforms to