"These are the core concepts around which the entire product is built.Β They not only align with how customers think of their workflow, but often crystallizes for customers how they ought to.Β "
Finding the right atomic concepts look a lot like changing the zooming scale on a certain ecosystem of interactions until you do not resonate with the right "jobs to be done" choosing the the right ones makes also you resonate with user search (and thus help with SEO)
choosing right jobs to be done/atomic concepts also resonates with the potential of users to extend the workflow by adding templates, plug-ins thus creating the possibility to generate an extension platform pattern and thus what Kwok calls "Ecosystem feedback loops/Platform nfx"
β’ β’ β’
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The transformation of the firm when transaction cost plummets and potential grows at the edge (a thread)
π1/18
What is happening in the context of organizing? 1) transaction cost plummets thus elements of the workflow that can be leveraged from outside a firm become more and more compelling (the ratio between transaction cost and interaction value plummets)
2/18
2) As potential grows at the edge many small players become able to provide services vs one big player
3)Contracting cost declines and contracts become abstracted and standardized through technological means (e.g. smart contracts)