by: John Sviokla & Tony Paoni
The pressure to create new value and extract it through both higher prices and intellectual property protection (where possible) is relentless. Software companies like Microsoft and Oracle have attempted to follow a high-price/IP protection strategy by "controlling the platform." In fact, however, any product—not just software--can become a platform that can launch value creation and extraction—and can, more often than not—be "protected." What's required is imagination. Consider how S.C. Johnson, the multi-billion dollar consumer products company, "platformed" its way from, yes, floors to shaving cream, candles—and much, much more.
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