Exploring the 5 Main Elements of the Platform Strategy Framework

Platforms in today's business world are not only limited to the technology, financial, or media industries. Several general industries such as infrastructure, trade, and even medical use the strategy framework platform. If you need the help of a similar program, there are at least five elements to focus on. Here's the review.

Themes and Elements in Platform Strategy

1. Progress

Platforms need to have a long life span. In another sense, it has a scope and performance that is not easy to die behind. This is where a good strategy platform design should consider technological developments. Flexibility and good adaptability are among the things you should think about when working with the product.

2. Capabilities

Changing the platform structure from manual to digital requires a development focus that includes capabilities. In this case, strategy execution and development should start by looking at the capabilities of the platform. This is also related to development or growth, which predicts increasing needs in the future.

Interestingly, change and digitization itself is not only limited to one party. You need to consider the facilitating party, the implementer, and the community. That way, user experience will improve and data collection is constant. So the platform strategy framework will improve the quality of analysis within your organization.

3. Framework design

In choosing a framework, design becomes an absolute consideration. What needs to be underlined is that the value created should be in accordance with user perceptions. In another sense, this product will be even better if it is able to appear relevant and has a personalization function. Generally, this element also includes information transparency.

Of course, the transparency aspect also needs to be considered properly. It is better for the platform to have a choice where there is an information availability system. This serves to filter the shared information. Which can include general data for all eyes or private for a limited circle.

4. Participation

As previously stated, a platform emphasizes the need for participation. In this case, platform creation should not only focus on creating new products. However, it can start by participating in an already dominant platform and develop as a stepping stone or introduction.

The development of a private platform strategy framework requires considerable consideration and costs. Therefore, participating in a well-known market would be the best solution. However, you also need a clear strategy to make choices, analyze competitive scenarios, and emphasize commitment.

5. Principles and positions

One thing that can not be avoided is the principle of switching the use of platforms. It should be understood that the main principle of its development is to expand the participant ecosystem. In other words, you need to consider a more fluid element of interaction. So the displacement from the traditional model can be well received.

The positioning of the platform cannot be separated from the principle. In this case, you need to consider many things including collaboration, platform location, to ownership. In this case, the hands of experts who work and have knowledge of making a platform strategy framework will be very helpful. That way you can make critical decisions in the creation of the platform itself.

The idea of ​​digitizing itself cannot be separated from the desire to simplify the management and efficiency of a company. Unfortunately, it is not easy to create an integrated system in such a way without expert hands. If you feel you need it, it's a good idea to check the digital platform products available at Soltius Indonesia.

Please check here for more details about the digital platform features from Soltius: https://www.soltius.co.id/solutions-by-products/digital-platform