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Talking about Platforms

Interaction Fields with Erich Joachimsthaler

Apr 3, 2024
Erich Joachimsthaler, Founder and CEO of Vivaldi, sheds light on innovative marketing strategies and the future of business models. He discusses 'interaction fields' that emphasize mutual value creation beyond traditional transactions. The conversation dives into how companies like John Deere are adopting technology to redefine customer engagement while addressing global challenges like hunger. Erich also highlights the cultural hurdles in radiology when transitioning to platform-driven dynamics, showcasing the need for a transformative mindset in today's rapidly evolving business landscape.
40:43

Podcast summary created with Snipd AI

Quick takeaways

  • The podcast highlights the transformative shift from traditional product-driven business models to interaction-driven platforms that create shared value for all stakeholders.
  • John Deere's successful integration of platform strategies within its existing operations illustrates the importance of fostering collaboration and data sharing in enhancing productivity.

Deep dives

Defining Platforms: A New Perspective

Platforms create value primarily through interactions rather than the traditional product-driven approaches. The speaker emphasizes that while many definitions exist for what constitutes a platform, they fundamentally serve to facilitate connections that lead to value creation. This perspective shifts focus from competitive advantages rooted in activities, as described by Porter, to the idea that true competitive advantages emerge from maximizing interactions across various stakeholders. By introducing the concept of 'interaction fields,' the speaker argues that platforms thrive by solving complex, intractable problems and fostering relationships that extend beyond industry boundaries.

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