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About the Book Club Meeting
The PMIWDC Reston Book Club is a forum for talking about books that touch on the widely varied challenges of project and program management. Our meeting will take place on Wednesday, February 22nd, 2017. We will meet in the first floor meeting room in the offices of CACI from 5:30pm - 6:30pm.
Read more about the format of the book club in "About the Book Club" below.
About the Book
Matchmakers: The New Economics of Multisided Platforms by David S. Evans and Richard Schmalensee (2016) Current price is $19.79 on Kindle on Amazon. An E-book version is fine. The book may also be available from your local library.
Many of the most dynamic public companies, from Alibaba to Facebook to Visa, and the most valuable start-ups, such as Airbnb and Uber, are matchmakers that connect one group of customers with another group of customers. Economists call matchmakers multisided platforms because they provide physical or virtual platforms for multiple groups to get together. Dating sites connect people with potential matches, for example, and ride-sharing apps do the same for drivers and riders. Although matchmakers have been around for millennia, they’re becoming more and more popular—and profitable—due to dramatic advances in technology, and a lot of companies that have managed to crack the code of this business model have become today’s power brokers.
Don’t let the flashy successes fool you, though. Starting a matchmaker is one of the toughest business challenges, and almost everyone who tries to build one, fails.
In Matchmakers, David Evans and Richard Schmalensee, two economists who were among the first to analyze multisided platforms and discover their principles, and who’ve consulted for some of the most successful platform businesses in the world, explain how matchmakers work best in practice, why they do what they do, and how entrepreneurs can improve their chances for success.
Whether you’re an entrepreneur, an investor, a consumer, or an executive, your future will involve more and more multisided platforms, and Matchmakers—rich with stories from platform winners and losers—is the one book you’ll need in order to navigate this appealing but confusing world.
CACI 1st floor Conference Room
11955 Freedom Drive
Reston, VA, 20190
5:30pm - 6:30pm: Open book discussion
Free meeting for Chapter members.
Preregistration, reading the book before the meeting, and bringing a copy (e-book okay) of the book to the meeting is required.
Based on the amount of time you will spend in self-directed study of negotiation – we estimate four to six hours of reading, which converts to 4 - 6 PDUs for qualified PMPs who are under the 30 PDU limit for their current three year certification cycle. Please note that these PDUs will need to be reported as Category C: Self-Directed Learning. For full details on PDU reporting refer to the PMP Handbook.