- Enterprise is grappling with the challenges of existing business models and strategies not leading to desired outcomes.
- Enterprise is struggling to remain competitive.
- Enterprise wants to understand how to leverage platform strategies and a digital platform.
Our Advice
Critical Insight
To remain competitive enterprises must renew and refresh their business model strategies and design/develop digital platforms – this requires enterprises to:
- Understand how digital-native enterprises are using platform business models and associated strategies.
- Understand their core assets and strengths and how these can be leveraged for transformation.
- Understand the core characteristics and components of a digital platform so that they can design digital platform(s) for their enterprise.
- Ask if the client’s digital transformation (DX) strategy is aligned with a digital platform enablement strategy.
- Ask if the enterprise has paid attention to the structure, culture, principles, and practices of platform teams.
Impact and Result
Organizations that implement this project will gain benefits in five ways:
- Awareness and understanding of various platform strategies.
- Application of specific platform strategies within the context of the enterprise.
- Awareness of their existing business mode, core assets, value proposition, and strengths.
- Alignment between DX themes and platform enablement themes so enterprises can develop roadmaps that gauge successful DX.
- Design of a digital platform, including characteristics, components, and team characteristics, culture, principles, and practices.
Drive Digital Transformation With Platform Strategies Research & Tools
Start here – read the Executive Brief
Read our concise Executive Brief to find out why you should consider the platform business model and a digital platform to remain competitive.Besides the small introduction, subscribers and consulting clients within this management domain have access to:
- Drive Digital Transformation With Platform Strategies – Phases 1-2
1. Set goals for your platform business model
Understand the platform business model and strategies and then set your platform business model goals.
- Drive Digital Transformation With Platform Strategies – Phase 1: Set Goals for Your Platform Business Model
- Business Platform Playbook
2. Configure digital platform
Define design goals for your digital platform. Align your DX strategy with digital platform capabilities and understand key components of the digital platform.
- Drive Digital Transformation With Platform Strategies – Phase 2: Configure Your Digital Platform
- Digital Platform Playbook
Workshop: Drive Digital Transformation With Platform Strategies
Workshops offer an easy way to accelerate your project. If you are unable to do the project yourself, and a Guided Implementation isn't enough, we offer low-cost delivery of our project workshops. We take you through every phase of your project and ensure that you have a roadmap in place to complete your project successfully.
1 Understand Platform Business Model and Strategies
The Purpose
Understand existing business model, value proposition, and key assets.
Understand platform business model and strategies.
Key Benefits Achieved
Understanding the current assets helps with knowing what can be leveraged in the new business model/transformation.
Understanding the platform strategies can help the enterprise renew/refresh their business model.
Activities
1.1 Document the current business model along with value proposition and key assets (that provide competitive advantage).
1.2 Transformation narrative.
1.3 Platform model canvas.
1.4 Document the platform strategies in the context of the enterprise.
Outputs
Documentation of current business model along with value proposition and key assets (that provide competitive advantage).
Documentation of the selected platform strategies.
2 Planning for Platform Business Model
The Purpose
Understand transformation approaches.
Understand various layers of platforms.
Ask fundamental and evolutionary questions about the platform.
Key Benefits Achieved
Understanding of the transformational model so that the enterprise can realize the differences.
Understanding of the organization’s strengths and weaknesses for a DX.
Extraction of strategic themes to plan and develop a digital platform roadmap.
Activities
2.1 Discuss and document decision about DX approach and next steps.
2.2 Discuss and document high-level strategic themes for platform business model and associated roadmap.
Outputs
Documented decision about DX approach and next steps.
Documented high-level strategic themes for platform business model and associated roadmap.
3 Digital Platform Strategy
The Purpose
Understand the design goals for the digital platform.
Understand gaps between the platform’s capabilities and the DX strategy.
Key Benefits Achieved
Design goals set for the digital platform that are visible to all stakeholders.
Gap analysis performed between enterprise’s digital strategy and platform capabilities; this helps understand the current situation and thus informs strategies and roadmaps.
Activities
3.1 Discuss and document design goals for digital platform.
3.2 Discuss DX themes and platform capabilities – document the gaps.
3.3 Discuss gaps and strategies along with timelines.
Outputs
Documented design goals for digital platform.
Documented DX themes and platform capabilities.
DX themes and platform capabilities map.
4 Digital Platform Design: Key Components
The Purpose
Understanding of key components of a digital platform, including technology and teams.
Key Benefits Achieved
Understanding of the key components of a digital platform and designing the platform.
Understanding of the team structure, culture, and practices needed for successful platform engineering teams.
Activities
4.1 Confirmation and discussion on existing UX/UI and API strategies.
4.2 Understanding of microservices architecture and filling of microservices canvas.
4.3 Real-time stream processing data pipeline and tool map.
4.4 High-level architectural view.
4.5 Discussion on platform engineering teams, including culture, structure, principles, and practices.
Outputs
Filled microservices canvas.
Documented real-time stream processing data pipeline and tool map.
Documented high-level architectural view.