Category Archives: Business Ecosystems

How to Design and Resolve Effective Business Ecosystem Governance.

Posted on by
Building Effective Business Governance has multiple challenges.

We must emphasise the importance of ecosystem governance, providing a comprehensive structure for designing a practical framework. The robustness and depth of Governance understanding make or break Business Ecosystems. Building a robust governance framework clarifies that managing business ecosystems is not for the faint-hearted or light-of-pocket in all the aspects that need to be considered.

Managing governance is challenging but essential if we recognize that business ecosystems offer immense potential for innovation, rapid scaling, and adaptability. Otherwise, Ecosystems can become expensive and often disruptive ventures. They need to be managed well.

Early research indicates that less than 15% of business ecosystems are sustainable in the long run, with the primary reason for failure lying in the governance model, according to MIT Sloan in How Business Ecosystems Rise and Often Fall, published in 2019.

We have made significant progress in the past few years due to a growing understanding of Governance needs across all parties and the appreciation of the real differences in thinking, designing, and operating in business ecosystems.

The growing recognition of the real power of ecosystems is in the diversity and knowledge sharing today. Also, the recognition that balancing collective interests, mitigating risks, enforcing compliance, and promoting long-term sustainability from kick-off.

Continue reading →

Dynamic Adaptation and Resilience in Interconnected Business Ecosystems

Posted on by
The Dynamic Ecosystem within the Interconnected Business Ecosystems

Business Ecosystems are the growing force to galvanize change and build a more collaborative culture, where the partners’ diversity enables solutions to be solving more complex and challenging problems we seem to be facing today.

When thinking about and designing business ecosystems, you must recognize that different ecosystems contribute, evolve, and determine their part in a “bigger” scheme of things. Recognizing that innovation, business, dynamic, and enterprise ecosystems through the design to be interconnected has evolved into the Interconnected Business Ecosystem framework.

Below in this post, I have clarified where the Dynamic Ecosystem fits and its significant contribution, influence, and impact on the health, dynamism, and future solution orientation we strive for in any new solutions. The C-level pitch sums it up well.

I have written extensively about “the dynamics within a system,” especially an innovation one, arguing that adaptation and resilience are consequences of practising “dynamics.” I got caught up in the importance of studying and recommending the need to build dynamic capabilities. More recently, I have written about the critically crucial dynamic ecosystem that “sits” in the interconnected business ecosystems of innovation, business, dynamics, and enterprise.

Continue reading →

Interdependence and Feedback Loops are pivotal in successful Interconnected Business Ecosystems

Posted on by
Interdependence and Feedback Loops are pivotal to Interconnected Business Ecosystems

In any interconnected business ecosystem design, two pivotal components work in tandem to ensure the system’s overall health, adaptability, and success. The interdependence and feedback loops are intrinsically linked and mutually reinforcing. This recognition and emphasis on their importance are critical to building a robust business ecosystem.

The combination of interdependence and feedback loops creates a dynamic and self-regulating system. Interdependence highlights the need for coordinated action and shared awareness among ecosystem participants, while feedback loops provide the necessary information and insights to inform that coordinated action.

This post aims to break down the two and combine them in explanations and initial understanding. Examples of measuring them at operational and strategic levels and providing a more comprehensive and systematic approach are not discussed here. That is better at any designing and implementing stage.

Continue reading →

Applying Super Governance to the Interconnected Business Ecosystem.

Posted on by
Applying Super Governance to Interconnected Business Ecosystems

I have been working on further developing and creating a comprehensive framework for the Interconnected Business Ecosystem that addresses various aspects of ecosystem design, management, and governance.

I debated if I needed to add a super governance layer that ensures alignment, stability, and ethical practices across the entire ecosystem.

I have resisted this and have not added a further layer, as much of what is required from governance lies within any layer. I believe that within each of the four layers—Innovation, Business, Dynamic, and Enterprise—you add these suggestions to give them each a “super governance” managing aspect that can be “rolled up” in the final Enterprise layer if needed for any Enterprise Collaboration Board level resolution.

Continue reading →

Business Ecosystems are important today

Posted on by
Interconnected Business Ecosystems

We live in a world of interconnected Ecosystems. Businesses have been actively working in their own connected ecosystems to suit their own business needs. That needs to change. We need to open up our thinking to collaborative ecosystems.

Let’s briefly examine why and what I have been working on as my focus for some time—the need for interconnected business ecosystems. They are highly valuable and very relevant today in dealing with complexity. They are interlinked in different ecosystems to generate greater returns and resolve complexity and challenges that need co-creation and cooperation.

Continue reading →

Valuing Business Ecosystems Driving Design and My Thinking

Posted on by
Connected Business Ecosystems for Impact and Value

After a short break, I have further solidified and deepened my approach to business ecosystem thinking and design through my “Hierarchy of business ecosystems” framework. This recent work has been focused on making this framework more robust, where integrating the suggested ecosystems of innovation, business, dynamic, and enterprise ecosystems brings out the value of such an overarching design.( see below for these as integrated value )

I provided a recent post “Returning to the Hierarchy of Business Ecosystems” where I summarized what the framework provided in its structured approach but also highlighted the area for improvement in its design value by offering a more robust, real and practical construct that offers components and bridging points for adoption. Some of these really important ones I will post upon as they need that “singled out focus” such as a more comprehensive Governance mechanisms, explicit integrations of dynamic adaptation and resilience, addressing interdependence and feedback loops and more quantitative metrics.

The Vision of the interconnected Business Ecosystem has this as its objectives.

“The Hierarchy of Business Ecosystem Needs presents a holistic approach to navigating the complexities of the modern business landscape. It emphasizes collaborative ecosystems as the key to unlocking untapped potential, driving sustained growth, and achieving collective prosperity.

Continue reading →

Knowing the different mindsets for Business Ecosystem Thinking?

Posted on by
The importance of a radical mindset shift in Business Ecosystem Design

What makes Business Ecosystems different in how we approach them, the answer lies in our mindset? Are our existing ways of approaching business design different and within this, how important is a radical mindshift in any Business Ecosystem thinking?

Business ecosystems do need to be understood as radically different from how ‘we’ have undertaken the way we have “gone about our business” and think this through for the potential promise it might offer. Most businesses operate within their protected environment of designing, building, optimising and going to market. It is very singular, and everything is channelled through them.

A single entity undergoes and contract with selected suppliers and often stays with them for many good reasons, they conduct their proprietary research, build there own concepts of products and services and undertake the build to deliver internally within their selected ecosystem of stakeholders. This works and continues to function, but up to a certain point.

Today, this often silo thinking does need to be challenged and at least an initial rethink for instance about Partner Ecosystems and the value they can bring in different approaches, thinking, market offerings and mindsets does lead on to the broader adoption of Business Ecosystems. Applying a radically different collaboration thinking for co-creation can offer significant benefits, returns and rewards.

Continue reading →

Why Are We Navigating to the New: A Summary of the Hierarchy of Business Ecosystem Needs

Posted on by
The Importance of Hierarchy of Business Ecosystems

Why Are We Recommending Navigating into this World of Interconnected Ecosystems?

In the ever-changing and fast-paced world of business and innovation, the paradigm is shifting towards collaborative ecosystems. Traditional models are making way for a new approach emphasising openness, adaptability, and shared vision.

This transformative journey is encapsulated in the Hierarchy of Business Ecosystem Needs, a cascading framework comprising four interconnected layers: Innovation Ecosystems, Business Ecosystems, Dynamic Ecosystems, and the Ecosystems of Enterprises.

Introduction to the Hierarchy:

The Hierarchy of Business Ecosystem Needs is a construct of collaborative ecosystems, navigating complexity with agility, openness, and shared vision. Each layer contributes to the orchestration of innovation, business synergy, dynamic resilience, and collaborative prosperity.

The interconnected dynamics and strategic integration across layers create a self-reinforcing cycle of success. As organizations embark on this transformative journey, they move beyond boundaries, adapting to change, fostering resilience, and achieving collective prosperity through collaborative power, providing the catalyst to a different, highly collaborative management paradigm.

Continue reading →

Thriving in the Dynamic Ecosystem of the Hierarchy of Business Ecosystem Needs.

Posted on by

Sub-Title: “Dynamically thriving and evolving Business Ecosystems; Adapting Together.”

Understanding the Dynamic Ecosystem within the Hierarchy of Business Ecosystems

I am introducing the Hierarchy of Business Ecosystem Needs in several posts. This is the sixth post within the series introducing the fourth and most novel layer- the Dynamic Ecosystem. I find this the most exciting ecosystem, with the potential to transform and challenge all of what we do.

The Dynamic Ecosystem is a unique and critical layer within the Hierarchy of Business Ecosystem Needs. It plays a pivotal role in shaping the overall ecosystem; I would argue it is the unique essence of this design.

As I have previously mentioned, the design of this Hierarchy of Business Ecosystems is modular; each Ecosystem can stand alone and offer significant value, but it is part of a more extensive cohesive system where each layer contributes to the overall success of collaborative ecosystems.

Achieving any dynamics within the system generates the potential for change. Providing the Ecosystem environment to build out dynamism enables the capabilities to challenge and have the abilities to disrupt.

The Dynamic Ecosystem is a transformational part of future-proofing the business.

Continue reading →

Achieving Synergy and Orchestration in the Business Ecosystem of the Hierarchy of Ecosystem Needs

Posted on by

Sub-Title: “Strategic Synergy: The Business Ecosystem”

Achieving the Synergy in Business Ecosystems

I am introducing the Hierarchy of Ecosystem Needs in a series of posts. This is the fourth post within the series introducing the second layer- the Business Ecosystem.

As I have previously mentioned, the design of this Hierarchy of Ecosystems is modular; each Ecosystem can stand alone and offer significant value, but it is part of a more extensive cohesive system where each layer contributes to the overall success of collaborative ecosystems.

The holistic perspective is covered in the opening and closing posts within the series.

This interconnected story attempts to convey the power of transformation; each layer’s structure and unique propositions give a dynamic and resilient ecosystem set that aims to drive collective prosperity and sustain excellence.

Introducing the essential components of the Business Ecosystem

Continue reading →