Modern Monopolies
What It Takes to Dominate the 21st Century Economy
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Narrated by:
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Jonathan Yen
About this listen
What do Google, Snapchat, Tinder, Amazon, and Uber have in common, besides soaring market share? They're platforms - a new business model that has quietly become the only game in town, creating vast fortunes for its founders while dominating everyone's daily life. A platform, by definition, creates value by facilitating an exchange between two or more interdependent groups. So, rather than making things, they simply connect people.
The Internet today is awash in platforms - Facebook is responsible for nearly 25 percent of total Web visits, and the Google platform crash in 2013 took about 40 percent of Internet traffic with it. Representing the 10 most trafficked sites in the US, platforms are also prominent over the globe; in China, they hold the top eight spots in web traffic rankings.
The advent of mobile computing and its ubiquitous connectivity have forever altered how we interact with each other, melding the digital and physical worlds and blurring distinctions between "offline" and "online." These platform giants are expanding their influence from the digital world to the whole economy. Yet, few people truly grasp the radical structural shifts of the last 10 years. In Modern Monopolies, Alex Moazed and Nicholas L. Johnson tell the definitive story of what has changed, what it means for businesses today, and how managers, entrepreneurs, and business owners can adapt and thrive in this new era.
Download the accompanying reference guide.©2016 Applico, LLC (P)2017 Audible, Inc.Listeners also enjoyed...
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What to Do When Machines Do Everything is a guidebook to succeeding in the next generation of the digital economy. When systems running on artificial intelligence can drive our cars, diagnose medical patients, and manage our finances more effectively than humans, it raises profound questions on the future of work and how companies compete.
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Assumes that machine learning will grow very slow
- By Nathan Burnham on 05-06-17
By: Malcolm Frank, and others
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Little Rice
- Smartphones, Xiaomi, and the Chinese Dream
- By: Clay Shirky
- Narrated by: George Backman
- Length: 3 hrs and 57 mins
- Unabridged
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Since the 1990s China has been climbing up the ladder of quality, from doing knockoffs to designing its own high-end goods. Xiaomi - its name literally means "little rice" - is landing squarely in this shift in China's economy. But the remarkable rise of Xiaomi from startup to colossus is more than a business story because mobile phones are special. The common desiderata of the global population, mobile phones offer the kind of freedom and connectedness that autocratic countries are terrified of.
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Informative and up to date.
- By Kevin on 01-10-16
By: Clay Shirky
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The Amazon Way on IoT
- 10 Principles for Every Leader from the World's Leading Internet of Things Strategies
- By: John Rossman
- Narrated by: Christopher Lane
- Length: 5 hrs and 13 mins
- Unabridged
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The Amazon Way on IoT is for the leader who wants to understand how the Internet of things is transforming business and society. Listeners will discover business cases, key concepts, technologies and tools to help develop, explain and execute their own IoT approach through understanding Amazon's and other leading companies sophisticated IoT technologies and strategies.
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Very insightful, but quite boring
- By Riaan on 02-21-17
By: John Rossman
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Artificial Intelligence: 101 Things You Must Know Today About Our Future
- By: Lasse Rouhiainen
- Narrated by: Rodger Paxton
- Length: 8 hrs and 17 mins
- Unabridged
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Artificial intelligence is changing our world faster than we can imagine, and it will impact every area of our lives. And this is happening whether we like it or not. You might have heard that many jobs will be replaced by automation and robots, but did you also know that at the same time a huge number of new jobs will be created by AI? This book covers many fascinating and timely topics related to artificial intelligence, including: self-driving cars, robots, chatbots, and how AI will impact the job market, business processes, and entire industries, just to name a few.
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Completely useless
- By Joe V on 03-29-19
By: Lasse Rouhiainen
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Youtility
- Why Smart Marketing Is About Help Not Hype
- By: Jay Baer
- Narrated by: Marcus Sheridan, Jay Baer
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Jay Baer's Youtility offers a new approach that cuts through the clutter: marketing that is truly, inherently useful. If you sell something, you make a customer today, but if you genuinely help someone, you create a customer for life. Drawing from real examples of companies who are practicing Youtility as well as his experience helping more than 700 brands improve their marketing strategy, Baer provides a groundbreaking plan for using information and helpfulness to transform the relationship between companies and customers.
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Good Framing, Examples and Supporting Concepts
- By Adam Helweh on 10-13-13
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Disruptive Marketing
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Now that 75 percent of screen time is spent on connected devices, digital strategies have moved front and center of most marketing plans. But what if that's not enough? What if most people ignore company messages? What if consumer engagement never goes further than the "like" button? A sobering reality is hitting marketers. Technology hasn't just reshaped mass media, it's altering behavior as well. And getting through to customers will take some radical rethinking.
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Needed. Valuable. Welcome contribution.
- By Oliver Nielsen on 04-26-17
By: Geoffrey Colon
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What Would Google Do?
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In a book that's one part prophecy, one part thought experiment, one part manifesto, and one part survival manual, internet impresario and blogging pioneer Jeff Jarvis reverse-engineers Google, the fastest-growing company in history, to discover 40 clear and straightforward rules to manage and live by.
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Shallow and one-sided
- By JimmiJ on 02-04-09
By: Jeff Jarvis
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Captive Audience
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- Length: 12 hrs and 17 mins
- Unabridged
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Ten years ago, the United States stood at the forefront of the Internet revolution. With some of the fastest speeds and lowest prices in the world for high-speed Internet access, the nation was poised to be the global leader in the new knowledge-based economy. Today that global competitive advantage has all but vanished because of a series of government decisions and resulting monopolies that have allowed dozens of countries, including Japan and South Korea, to pass us in both speed and price of broadband.
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Great info, dry delivery
- By Chase Vaughan on 02-12-16
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AI Superpowers
- China, Silicon Valley, and the New World Order
- By: Kai-Fu Lee
- Narrated by: Mikael Naramore
- Length: 9 hrs and 28 mins
- Unabridged
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Performance
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In AI Superpowers, Kai-fu Lee argues powerfully that because of these unprecedented developments in AI, dramatic changes will be happening much sooner than many of us expected. Indeed, as the US-Sino AI competition begins to heat up, Lee urges the US and China to both accept and to embrace the great responsibilities that come with significant technological power.
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Compelled to listen at 2x speed
- By LEE on 09-26-18
By: Kai-Fu Lee
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Shortcut Your Startup
- Speed Up Success with Unconventional Advice from the Trenches
- By: Carter Reum, Courtney Reum
- Narrated by: Carter Reum
- Length: 6 hrs and 55 mins
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Performance
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Story
Courtney and Carter Reum have years of experience in the field, from investing in over 130 companies, including Lyft, Pinterest, Warby Parker, and ClassPass, to driving the success of their own liquor brand, VEEV Spirits. The Reum brothers have learned from every triumph and tribulation and over the years have developed an effective and easy-to-understand guide to help entrepreneurs through the startup journey from inception to sale.
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A must read for start ups
- By Dave on 02-09-18
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The Wide Lens
- A New Strategy for Innovation
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- Narrated by: Walter Dixon
- Length: 6 hrs and 19 mins
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Performance
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How can great companies do everything right - identify real customer needs, deliver excellent innovations, beat their competitors to market - and still fail? The sad truth is that many companies fail because they focus too intensely on their own innovations, and then neglect the innovation ecosystems on which their success depends. In our increasingly interdependent world, winning requires more than just delivering on your own promises. It means ensuring that a host of partners - some visible, some hidden - deliver on their promises, too.
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Great book
- By Kindle Customer on 12-25-21
By: Ron Adner
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What listeners say about Modern Monopolies
Average customer ratingsReviews - Please select the tabs below to change the source of reviews.
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- Hayk
- 12-14-20
Awesome book
Wish I read this book very early. It literally gives you the blueprint of how to start a current/future tech company. This book not only gives great insights into what to do to build a large tech company today, but also opens up a lot of great questions to ask for the future around IOT and Crypto company ideas
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- Zeeshan Rauf
- 06-15-20
Very Relevant and Useful for Investors
This was a really good book. I liked that it was full of countless examples to explain it's points.
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- Brian Sachetta
- 09-24-21
Great book on the power of platforms
I found this one through the “Invest Like the Best” podcast, not really knowing what it would be like. But, I was pleasantly surprised in the end; it was very good. It’s a deep dive into today’s monopolies — just about all of them being platforms — how they rise to power, what makes them successful, what keeps them alive, etc.
The authors do a great job of assessing the competitive landscape and describing how specific companies fall into the “platform” bucket. For example, though we might not realize it at first, Apple, Google, and Amazon all are platforms or have large, platform-based offerings — all of them bring buyers and sellers together on their various websites and apps without necessarily needing to own any inventory. Think: Apple’s App Store, Google’s Play Store, Amazon’s retail operations (though they certainly do hold some inventory).
The power of the platform, as the authors tell us, is all about breaking away from the traditional, linear, and value-add business model and harnessing scale, network effects, and stickiness instead.
Toward the end of the book, the authors also give some tips for spotting new trends and brainstorming ideas for the next hit platform company. I liked how those sections tied the rest of the book together and summed things up nicely.
All in all, it was a fun and exciting read. I think that anyone with a passion for business, finance, or tech would enjoy it.
-Brian Sachetta
Author of “Get Out of Your Head”
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- Adam Roach
- 03-30-19
Eye opening!
Great explanation of platform business in today’s world. The authors do an amazing job of breaking down how and why the companies that we use on a daily basis are so successful.
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1 person found this helpful
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- Erskwords
- 10-28-18
Required reading for makers and market movers
Modern Monopolies offers a solid introduction to, and understanding of, the platform business model and the unprecedented market success enjoyed by its greatest adherents. Replete with relevant examples and easy-to-follow insights, it is a must read for any C-level executive who wants to learn how to leverage the power of platform economies.
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- Robert ONeill
- 01-05-19
Good content
Interesting topic to nerd out on. With all due respect the narrator while articulate and professional sounded dry and like an old professor lecturing a class you may need a catnap in. The other issue early on is that it started out smelling like a sales pitch for the authors’ consulting business. That just makes ones BS radar start beeping. But good credible content thereafter.
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- Cliente Kindle
- 06-04-18
Very good
Great book with many kinds of entrepreneur examples. Its indicate if you want understand the big tech and digital business.
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- Moira Pryde
- 10-26-18
Very informative review of platform companies.
Wonderful tips on the essentials of building a successful platform company and, how to avoid failure.
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- Gary H.
- 11-16-17
Mostly notes for myself or highlights of the book
Loving this so far!
1. Modern monopolies are bottom up build and not top down. They are essentially created by the customers.
2. Companies like Uber, Facebook, Amazon, Alibaba, etc are not taking the pie away from traditional business, they’re making he pie much larger.
3. Microsoft was considered a monopoly of the 90’s and yet they are nearly forgotten today because of the rise of Google and Apple... and in the years to come there will be more technology to overtake google and apple
4. The difficulty with these platform based “monopolies” is to have a large user base and also a larger producer base. It’s hard to bring more people into a platform that doesn’t have producer, and vice versa hard to bring producers into a platform with no customers. Examples include YouTube stars making videos because of people constantly on the site. And more customers watching because of the large amount of content being put out. Uber has troubles with this, so they introduced surge pricing, which is a very genius way to balance supply and demand!
Lots of golden nuggets to feed on and understand the next 30+ years of business and advancement.
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- Anonymous User
- 08-24-18
Modern Monopolies
Great analysis of the platform business model. I’d highly recommend reading if you’re looking to start a platform business or just want to learn more about the dominant & most profitable business model of the 21st century.
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1 person found this helpful