A platform business operates as a tool for consumers, providing a fair, transparent market while creating shared value for suppliers. Platform businesses facilitate exchanges between two or more interdependent groups, typically consumers and producers. By creating large, scalable networks of users and resources that can be accessed on demand, platforms create communities and markets with network effects that allow users to interact and transact more productively. The competitiveness of a platform business is dependent on maximizing efficiency by minimizing transaction costs, reducing marginal costs, and adopting an asset-light business model. Platforms focus on growth strategies for scaling up, increasing coverage, and opening to more users.
In Asia, platform businesses have evolved into super apps that provide various services. This is largely driven by market competition and the unique characteristics of the region.
Course Objectives
The main objectives of this course are:
Course Modules
This e-learning course will cover the following modules: Module 1: Introduction to platform business and its role in the service sector - Understand the definition and role of platform businesses in the service sector and the characteristics of a two-sided market Module 2: Platform business strategies including super apps - Understand network effects of platform businesses and analyze their growth strategies - Understand the definition and characteristics of super apps Module 3: Platforms in emerging Asia and successful case studies - Show how platform business works in Asia using case studies - Analyze growth strategies and roles of Southeast Asian home-grown super apps Module 4: Issues and challenges of platform business models - Explore growth and profitability issues of platform businesses in competitive markets - Understand challenges platform businesses face in further growth Module 5: Legal, ethical, and regulatory considerations for platform businesses in the service sector - Examine problems from the viewpoint of big platform monopolies and antitrust policies on big tech companies - Examine the contributions of super apps in the Asia-Pacific
Important Notes: