MDI Definitions Flashcards
External actors connecting to platforms > Adding
Dedicated complements connecting to a focal platform only
External actors connecting to platforms > Bridging
Complements that bridge a focal platform and other products
External actors connecting to platforms > Embedding
The focal platform in a broader platform with an open-ended set of connections to other products and services.
Approaches for dealing with uncertainty > Planning
Try harder to predict and position more accurately
Approaches for dealing with uncertainty > Adaptation
Move faster to adapt to a rapid changing environment
Approaches for dealing with uncertainty > Visionary
Persistently build your clear vision of a valuable future
Approaches for dealing with uncertainty > Transformative
Transform current means into co-created goals with others who commit to building a possible future
Templating > Concepting
The use of the [digital core] in designing and experimenting business concepts for new ventures
Templating > Porting
The specialization of a venture’s digital templates to actualize productive opportunities with [minimal adjustment costs]
Templating > Generalising
The creation of general solutions for specific sub-problems that can be reused and adapted in the development of derivative digital products. [Versatile resources]
Templating
A digitally enabled process of generating and using generic solutions across business areas
Mechanisms of digital infrastructure evolution > Innovation
A self-reinforcing process by which new products and services are created as infrastructure malleability spawns recombination of resources
Mechanisms of digital infrastructure evolution > Adoption
A self-reinforcing process by which more users adopt the infrastructure as more resources invested increase the usefulness of the infrastructure
Mechanisms of digital infrastructure evolution > Scaling
A self-reinforcing process by which an infrastructure expands its reach as it attract new partners by offering incentives for collaboration
Mechanisms for scaling > Data-driven operations
The mechanism by which digital ventures frame, hedge, and monitor innovation opportunities and risks through analyzing significant volumes of data.
Mechanisms for scaling > Instant release
The mechanism by which digital ventures minimize the time gap between service idea and deployment by concurrently running user- response service trialing and modification.
Mechanisms for scaling > Swift transition
The mechanism by which digital technology is effortlessly contextualized to create new value-in-use and new venturing identity.
Product service combinations > Product life-cycle services
Services to facilitate the customer’s access to the supplier’s good and ensure its proper functioning during all stages of the life cycle. > Remote vehicle inspection
Product service combinations > Asset efficiency services
Services to achieve productivity gains from assets invested by customers. > Program to preemptively replace parts that are likely to fail soon
Product service combinations > Process support services
Services to assist customers in improving their own business processes. > A fuel efficiency consultation for
entire fleet
Product service combinations > Process delegation services
Services to perform processes on behalf of the customers. > Fleet management of tires on behalf of a trucking company
Chasm
The chasm is the gap between early adopters and early majority. This gap is the resistance from people using current technology so that innova4on needs to connect to old technology through behavioural aspects (low behavioural change, lightbulb example).
Data Density Processes > Pattern spotting
Identify data-driven solutions for improving services
Data Density Processes > Real-time decisioning
Predict likely future states where value can be generated through a fast, targeted response
