Proceedings of the 50th Hawaii International Conference on System Sciences (2017) 2017
DOI: 10.24251/hicss.2017.580
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Platform Thinking in Incumbent Firms: From Concept to Capability

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Cited by 10 publications
(4 citation statements)
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“…Hanelt et al (2020) recently identified three major challenges industrial firms are facing when engaging in platform ecosystems: learning the new rules of platform ecosystem strategies, developing the internal readiness for platform ecosystems, and coping with the emerging hybridity challenge. The first two challenges refer to the necessary shift in thinking from a business model focused on product sales and value-adding services to a platform business model where the locus of innovation and value creation is shifted to external actors (Leijon et al 2017). However, given the platforms' purpose to collect and aggregate data from physical industrial assets, incumbents will be forced ''to always keep one foot in their established way of thinking and organizing'' (Hanelt et al 2020, p. 13).…”
Section: Industrial Incumbents Vs Platform Nativesmentioning
confidence: 99%
“…Hanelt et al (2020) recently identified three major challenges industrial firms are facing when engaging in platform ecosystems: learning the new rules of platform ecosystem strategies, developing the internal readiness for platform ecosystems, and coping with the emerging hybridity challenge. The first two challenges refer to the necessary shift in thinking from a business model focused on product sales and value-adding services to a platform business model where the locus of innovation and value creation is shifted to external actors (Leijon et al 2017). However, given the platforms' purpose to collect and aggregate data from physical industrial assets, incumbents will be forced ''to always keep one foot in their established way of thinking and organizing'' (Hanelt et al 2020, p. 13).…”
Section: Industrial Incumbents Vs Platform Nativesmentioning
confidence: 99%
“…[19]. While the characteristics and mechanisms of platforms and their ecosystems are broadly studied, the transformation of existing technical infrastructure for platform ecosystems is less so [20,21] and was just recently picked up by research (e.g. [2]).…”
Section: Digital Platform Ecosystemsmentioning
confidence: 99%
“…As established businesses move towards platform-based smart services and business models, they need a new mindset to master this transformation. Such a mindset is often described as "platform thinking" (Leijon et al 2017). Similarly, there is an increasing awareness of the implications of ecosystems for firms' strategies (Adner 2017), requiring what could be named "ecosystem thinking".…”
Section: The Move Towards Platform and Ecosystem Thinkingmentioning
confidence: 99%