HBR IdeaCast Open Digital Platforms to Spur Innovation
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Jun 28, 2022 In this engaging discussion, Georgetown Professor Kasra Ferdows shares insights on the power of open digital platforms, drawing from Haier Group's innovative approaches during the COVID-19 crisis. He explains how fostering collaboration can turn supply chain platforms into engines of innovation, urging companies to break free from siloed operations. Ferdows also highlights the importance of trust and network effects in driving business success, and how a growth mindset can help organizations adapt and thrive in a rapidly changing digital landscape.
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Haier's Rapid Response
- Haier, an appliance manufacturer, rapidly built mobile isolation wards during the COVID-19 outbreak in Wuhan.
- This quick response was facilitated by Haier's open digital platform, demonstrating its effectiveness.
Open vs. Closed Platforms
- Most digital supply chain platforms are closed systems, controlled by the platform owner.
- Haier's platform stands out for its openness, allowing broader collaboration.
Cosmoplat's Unique Features
- Haier's Cosmoplat platform is open, multi-stage, and multifunctional, unlike typical platforms.
- It facilitates R&D, engineering, and even regulatory compliance, fostering organic growth.