Andrew Goodwin: Five basic principles for choosing a platform

Identifying a platform with staying power

clock • 4 min read

Andrew Goodwin explores five principles to consider when choosing a platform...

Simple economic theory states that success encourages competition. This brings numerous consequences – some of them positive, others negative.  Imagine, for example, that a company comes up with a genuinely trailblazing, must-have product that essentially creates a whole new market. For no apparent reason, let's call this era-defining breakthrough a zambongo. It's inevitable that other businesses will want a piece of the burgeoning zambongo scene. They will set about developing their own versions, and what was briefly a monopoly will soon turn into a free-for-all.  This should bene...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Wrap/platforms

Andrew Goodwin: Five basic principles for choosing a platform

Andrew Goodwin: Five basic principles for choosing a platform

Identifying a platform with staying power

Andrew Goodwin
clock 27 May 2025 • 4 min read
Platform innovation: Terry Huddart on Platform One's execution only portal

Platform innovation: Terry Huddart on Platform One's execution only portal

'It's continuing to garner a good reputation in terms of its UX'

Terry Huddart
clock 21 May 2025 • 6 min read
Back to basics: Let's not forget platforms' fundamental attractions

Back to basics: Let's not forget platforms' fundamental attractions

'Providers have to shoulder the bulk of the blame for this knowledge gap'

Steve Andrews
clock 20 May 2025 • 4 min read