Business Innovation Ecosystems

Ecosystem design, thinking and application for business innovation

Responding to the corona virus outbreak- a Network Approach, offered by McKinsey

Posted on March 17, 2020 by @paul4innovating

McKinsey has been providing a couple of valuable articles on the coronavirus and offers up some thought leadership and business suggestions as we recognize the challenge this brings across the globe, in societies, and in business

Although they are providing the suggestion that leaders exhibit five leadership practices, it is the very first one that catches my eye. It is the setting up of a network and allowing it to be the response team to the pandemic and how the specific company is handling it. Continue reading →

Let’s Create and Rejuvenate with Ecosystems

Posted on March 4, 2020 by @paul4innovating

Credit Tatiana Plakhova @ complexitygraphics.com

Ecosystems are under-deployed or even misunderstood in business. Ecosystems are certainly growing in our jargon to describe something we think we want to achieve, but we fail to recognize many of its functioning aspects or needs to realize it. It is being offered simply as a buzzword.

The business ecosystem is an important business model you can deploy if you are having higher levels of complexity and growing uncertainty, and let’s be honest who doesn’t today? It can also be a way to reach out and have engagement and traction (Facebook, Airbnb, Uber, etc.)

When you are in the pursuit of having the best highly coordinated and geared to optimize performance such as a global supply chain, it is the complexity and integration that needs governance and the utmost attention to the detail and the flows. These are brilliant to “shave” costs, time and are working in predictable market conditions. Continue reading →