Platform ecosystems: Unlocking the subcontractors' business model opportunities

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Abstract

Platform ecosystems facilitated by the internet are changing the way market mechanisms work. The platform ecosystem business model, using data and network effects, creates new rules for how value is created and delivered. The viral growth characteristic to platform ecosystems has already caused disruption in several industries. The purpose of the research is to explore business opportunities facilitated by the platform ecosystem business model in the construction sector through an example case of a residential building construction. The key concepts and underpinning logics of the platform ecosystem business model are defined. Interactions between the five lean principles and the platform ecosystem concept are reviewed. Finally, an example case of implementation is represented with the help of the platform business model canvas.

Original languageEnglish
Title of host publicationIGLC 2017 - Proceedings of the 25th Annual Conference of the International Group for Lean Construction
Pages177-184
Number of pages8
DOIs
Publication statusPublished - 2017
MoE publication typeA4 Article in a conference publication
EventAnnual Conference of the International Group for Lean Construction - Hersonissos, Greece
Duration: 9 Jul 201712 Jul 2017
Conference number: 25

Publication series

NameAnnual Conference of the International Group for Lean Construction
PublisherInternational Group for Lean Construction
Number25
ISSN (Print)2309-0979

Conference

ConferenceAnnual Conference of the International Group for Lean Construction
Abbreviated titleIGLC
Country/TerritoryGreece
CityHersonissos
Period09/07/201712/07/2017

Keywords

  • Business model design
  • Construction industry
  • Lean
  • Network effect
  • Platform ecosystem

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