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Open Digital Platforms to Spur Innovation

HBR IdeaCast

CHAPTER

Embracing Openness in Digital Platforms

This chapter explores the transformative potential of open digital platforms, particularly through Haier Group's Cosmoplata model, which encourages broad stakeholder participation in supply chains. It contrasts this model with traditional closed platforms and discusses the challenges companies face in fostering openness, such as trust and brand risk. The chapter also emphasizes how successful platform design can lead to innovation in product development by connecting various internal and external resources.

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