Strategists in the “21st century economy” have a difficult task predicting disruptive new models that will challenge established business. In “Modern Monopolies” Alex Moazed and Nicholas Johnson provide truly valuable insight into platform businesses and how several of them have come to have such an impact across all industries. Examples of platform businesses are Uber, AirB&B, Facebook, Twitter and so on.
Modern platform businesses are very different from traditional linear businesses. A linear business can be described as a sequence of activities that convert inputs (or raw materials) to more valuable outputs (products). Platform businesses on the other hand are structured in a way akin to an ecosystem, where producers are matched with consumers so that they can transact value in a very simple way. The platform is more a facilitator of value exchange and less of a producer.
This book is very useful in understanding how a platform business is structured at its core. Four activities namely: developing useful tools, matchmaking, audience building and setting rules and standards are necessary to build a successful platform. Understanding what makes some platforms succeed and others fail is very important whether you are looking to enhance your existing business models, or invest in a new start-up that promises to become the next big thing in a specific market.
I would highly recommend this book to business strategists, technology professionals, software professionals and investors looking to get a good understanding of this new and evolving business model. The book is very readable with many many examples that illustrate the principles in a clear and entertaining way.
Programme Management for Owner Teams (Secunda: Owner Team Consultation, 2015)
The intent of this book is to summarise what programme management entails. It provides a practical overview and understanding of what programme management is compared to managing a single project or a portfolio of projects. This is done from an owner team perspective.
The book provides guidelines, case study examples, as well as the tools required in all the relevant areas of project and programme management. Programmes are covered from initial inception through to final completion, focusing not only on achieving project objectives, but also on the overall business objectives of the programme. The focus and level of detail required from an owner programme management team are covered.
The book covers programme initiation and shaping, business ethics, obtaining alignment amongst stakeholders, planning, organising and control aspects, communication and nurturing of the team throughout the lifecycle of the programme.
Necessary Endings was recommended to me by a friend at a time I was reflecting on the pursuit of a new chapter in my life. This required leaving my job and starting a journey into the unknown. I had little certainty other than the deep belief that I was no longer serving my purpose by staying in the same place. In fact I was getting a sense of regression, going backwards as the corporate world changed around me, and as my own goals evolved to the pursuit of something new, something invigorating and more meaningful to me.
Henry explains in the book how the Good cannot begin until the Bad ends, how to recognise the Bad in a situation and come to the conviction that change is necessary. He also writes about the natural Seasons of Life and how change (and necessary endings) are part of the greater purpose of life; and why it is futile to cling to a hope that things will turn out OK when clearly there is a new direction needed.
The real value I gained from this book relates to the decision to resign from my job of 13 years. The book equally speaks to people who are in relationships which need to be ended, or in the context of activities that need to be ended, or poor performing employees that need to be “pruned” from the organisation for the continued health and success of the company.
I can totally recommend this book to anyone who is searching for meaning in endings that they are busy undergoing, or contemplating.
Its not normal that I rate a book 5 stars on Amazon, perhaps that is more because it is highly relevant in this point in my own life.
If you are considering starting a new business then this is a worthwhile read. However if your startup is in the area of professional services (such as consulting) then you might be slightly frustrated at the end of the book because the examples given don’t cover the nuances of this type of business. You might also need to abstract and distil the main themes from the book in order to see the relevance to your situation. But if you do this with an open mind and interpret the authors example of opening a pie franchise then the leaning points are valuable indeed.
The main message from this book is that a technical specialist is likely to fail at a new business venture unless they change their mindset to work on the business (Direct) rather than in the business (Operate). They need to be the owner in the true sense not the cornerstone employee. This requires a strategic approach to business development.
Considering that much of our life is spent in our professional work, it is essential that we are fulfilled. There is nothing admirable about working in an environment that is not allowing you to express your life purpose. The author emphasises the importance of finding your own true mission and how you can integrate your new business into this purpose so that they are in synergy.
The creation of a scaleable, repeatable business model (the franchise) is a mindset change that is possible for technical people, but this mindset shift needs to be deliberate since busy technical work is more compelling to many technical personalities.
Product management has sometimes been called the “accidental profession”. This is because the discipline covers so many areas from marketing, product development, projects and end user support. As a result product managers can feel pulled in multiple directions in a company where the emphasis is on project delivery and monthly financial metrics.
Chad writes authoritatively on the subject in an easy to understand style. He presents several models to guide and direct product managers in their role. The real world is often not tidy enough to accommodate rigid frameworks, by Chad has struck a balance between the ideal scenario and challenges likely to be experienced in practice.
Recommended for aspiring product managers and those who find themselves in the “accidental profession”.