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5 steps towards becoming a digital platform business | World Economic Forum

As industries are transformed by the 4IR, companies are looking to a quickly scalable, asset-light global business model


Summary:    Create a free account and access your personalized content collection with our latest publications and analyses. License and Republishing World Economic Forum articles may be republished in accordance with the Creative Commons Attribution-Non Commercial-No Derivatives 4.0 International Public License, and in accordance with our Terms of Use. The views expressed in this article are those of the author alone and not the World Economic Forum.


Creating anything, be it a piece of art or a business strategy, requires creativity and dedication. The process of creation is often rewarding, satisfying, and challenging. At the heart of creation lies the spark of an idea. This initial concept can come from anywhere: personal experience, imagination or observation. It is then nurtured through research, brainstorming and collaboration with others. The next step is turning this idea into a tangible product - this is where the hard work begins. In order to create something truly great, it's important to stay focused on your goal and continually refine your approach along the way. This involves setting clear objectives for your project in terms of timelines and budget constraints. Throughout the creative process, it's also essential to remain open-minded and flexible. Sometimes ideas will change or take on different forms than originally imagined. In these cases, it's important not to become attached to any one particular outcome but instead remain willing to adapt as needed. Effective communication is also critical in creating anything successful. Whether you are working alone or as part of a team, sharing your ideas clearly and effectively ensures that everyone understands what they need to do in order to achieve success together. Finally, it's important not only to focus on the end result but also enjoy the journey itself. Every step forward is an opportunity for growth and development - so be sure to stay curious about new possibilities along the way! In conclusion, creating something isn't always easy - but with dedication, determination and creativity – anyone can accomplish their dreams. By following these key principles throughout the process – developing ideas; staying focused; remaining flexible; communicating well; enjoying each step – you too can create something truly great!


As industries are transformed by the 4IR, companies are looking to a quickly scalable, asset-light global business model
Image description: As industries are transformed by the 4IR, companies are looking to a quickly scalable, asset-light global business model


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