American companies no longer enjoy local advantages and must now compete against companies from other countries that might have cheaper labour or less regulation. No business is safe from these changing market forces.
Technology has lowered barriers to entry, making it easier and cheaper for new businesses to start up, meaning many businesses are now competing with one another all over the world. This might be great for new startups in Zambia, but it also means erosion of traditional businesses. Everything is undergoing realignment, which is good for some, but bad for others.
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The Age of the Platform explores lessons of the platform business model. Phil Simon captures some important lessons of platform development and explains why they are relevant to small business owners.
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