Platform Network

Question 1

Network

Answer 1

system of interconnected nodes

Question 2

In platform mediated networks nodes are called

Answer 2

Network users(independent actors)

Question 3

PMN doesn’t encompass the following

Answer 3

Physical network
Social network
Supply network aka ecosystems

Question 4

Why study PMN

Answer 4

large and growing share of global economy
distinctive mgt challenges

Question 5

Why use a platform

Answer 5

connectivity, this is facilitating the transfer of goods or information
variety, this is eliciting offers from supply-side users that vary along dimensions valued by demand-side users
matching heterogeneous needs with suitable transaction partners and
price-setting services in which users disclose prices at which they are willing to exchange goods

Question 6

Types of Networks

Answer 6

-One sided; similar users who perform same functions.
-Two sided; 2 diff. user groups whose members play the same role in transaction.
Job seekers + recruiters
-Three sided; content consumers, 3rd party content providers and advertisers.

Question 7

Factors that can influence the attractiveness of your network

Answer 7

-Price
-Network size