The desire for innovation and the associated Technological changes have begun to influence enterprises’ (Organizations) strategic plans at a global scale. Correlating to the context, in terms of Harvard Business School, professor Michael Porter’s “five forces’ model becomes handy and relevant. As per Porter’s principles, the first one states that a firm:

• should protect a market niche and
• emphasize barriers to entry for potential competitors,
• leveraging cost leadership to sustain competitive advantage.

Conversely, the key value for platforms (to exist and evolve) is to generate ecosystems by facilitating interactions that create and reinforce those ecosystems (from within an ecosystem).

Organizations, in their shift from a product-based to a platform-based economy, had to redefine how they were going to compete, from controlling resources and creating barriers to entry to facilitating much more valuable market exchanges among the actors from within the ecosystem.

Platform-based products beat hardware-based products as it is relatively easier to add the functionalities of a product (to a platform) than the other way around. Having a mere and just a great stand-alone product in this ecosystem has no longer been good enough.

In a platform ecosystem, there is no need to own inimitable resources. Only core resources that profit from a long tail of active ecosystem partners, will suffice. The desire for positive network effects of an ecosystem requires enterprises to look for external resources in an innovative way.

There is no suspicion that network effects amplify the profitability of platform-based companies. For many on-going businesses, positive network effects are incorporated in the company’s shareholder evaluation.

Conclusion:

As a part of digital transformation and being technology innovators making use of learning experience platforms at mPowerO, we are well versed on understanding traditional business models across industries and that can be reshaped into platform business models to facilitate accelerated growth, in order to adapt with digital innovation.

Our aim is to facilitate in co-developing the business platform concept together with our clients while we help structure the technology framework that will enable the digital platform to go live in the shortest possible time, hence providing an end-to-end solution that encompasses business and technology, making mPowerO a pioneer and a one-stop shop for our clients’ platform transformation journey.

The digital revolution has brought new network-based value chains and “coopetitive” business models. Traditional, linear value chains with their competitive business models – otherwise known as product-based business models – are striving to/have been replaced by platform-based business models as platform-based businesses are winning & hence thriving with more enhanced visibility and profits.

As the transformation to digitalization continues to evolve, now are exciting times for businesses who want the opportunity to get us there collectively through the implementation of SDGs and allowing us to guide platform privacy, security, and ethical standards.

The platform revolution has opened up myriad new opportunities/challenges in meeting global sustainability goals.

An LXP such as mPowerO, can help you in an end-to-end training development solution, from identifying the right skills to building them while providing an impactful learning experience, across various verticals & industry sectors, for organizations, in order to achieve sustainable growth.

For instance, as the distributed workforce do not have time to learn, they need an OJT platform that is mobile-friendly as they are always on-the-go, to remain on par with the competition and technological evolution.

Upskilling Frontline workforce with Learning Experiential Platforms (LXP) driven by the latest advanced technologies is crucial to get the most out of this valuable resource. By creating a culture of continuous, interactive learning/training through on-the-job training for the frontline staff via m-Learning with LXP tool from mPowerO, a frontline workforce enablement solution, can help train the frontline and take them to the desired next level, to achieve desired goals.

mPowerO platform can assist in managing the complete lifecycle of a frontline, from onboarding to moving them up the career ladder by empowering them with the right skills and knowledge, with an improved performance.

OJT with the right mix of the latest technology via an automated skilling platform creates uninterrupted learning/training and seamlessness in a hybrid work model/environment, thus promoting impactful learning experiences.

An LXP can be a definitive helping hand in providing impactful personalized learning/training experiences in order for the employees to be successful and also the organization.

An LXP powered by the latest AI could further keep up the Frontline workforce up-to-date through micro-learning content merged with AI content recommendations along with an advanced data analytics platform to showcase the outcomes for better learning/training outcomes and learning/training experiences.

For upskilling Your Frontline workforce, mPowerO provides continuous support and is an end-to-end offering to Online Learning Platforms/Solutions, Digital Publishing Solutions, Upskilling/ReSkilling and Skilling training opportunities for medium to large companies.

mPowerO has evolved from being an Online Learning Solution (LMS) to serving as LXP in order to accommodate larger targeted audiences for educational/publishing and skilling requirements of various medium to large organizations/enterprises.

Talk to our expert team members for a deeper understanding and more related information.

Reach out via email at info@mpowero.com or visit us at https://www.mpowero.com/ for more information.

Happy to Help!