How to Build a Successful Online Platform: Edelman 5-Question Framework


 
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How to Build a Successful Online Platform: Edelman 5-Question Framework
Anneke Zwart, Student (University), Netherlands, Moderator
In the past decade, the number of online platforms has increased significantly. This is not surprising, given the ability of those platforms to create a lot of value through the enablement of communication and business models that might not be realized otherwise. Besides, the operating costs of such platforms are relatively low, given the fact that they usually donít hold inventory or tangible goods.
Edelman (2015) conducted research on online platforms and created a framework consisting of 5 questions entrepreneurs need to ask themselves when desiring to establish such an online platform. The framework supports entrepreneurs in effective strategic decision-making as they build their digital platform:
  1. QUICKLY ATTRACT A LARGE USER GROUP: Entrepreneurs need to ask themselves if they are able to attract a large group of po...Sign up
 

 
 


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