Who: Simon Torrance is an independent advisor to boards and leadership teams on business model transformation, platform strategy and digital ecosystem management. He is a member of the World Economic Forum’s new ‘Digital Platforms & Ecosystems’ executive working group, a guest lecturer at Singularity University, a venture partner at Factor10, and author/presenter of the New Growth Playbook (www.newgrowthplaybook.com) an online education program to help leaders understand the key principles of platform-based business model transformation. Torrance is also the executive producer of the Platform Economy Summit (www.platformeconomysummit.com) taking place in Berlin on November 20–22.
Topic: Why corporates should consider a platform-based business model transformation.
Quote: “While 90% of corporate leaders are saying — anonymously in surveys — that they know their current business model is not fit for the future, very few are acting fast enough to create platform strategies that can meaningfully impact their performance."