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Managing a Business Strategically
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Question:
Chicken & eggs solution
Author: Pim BodzingaAnswer:
- Heavily subsidize platform users early in the platform lifecycle - Waive membership fees and/or discount usage fees - Subsidize complementors’ production fees - Engage in platform-complement production - Envelop existing platform - Since the value of a platform is largely determined by user base, it can be a good strategy to endure losses for sustained periods of time
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