Category Archives: Knowledge Ecosystems

How to Design and Resolve Effective Business Ecosystem Governance.

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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.

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The Case for the Hierarchy of Business Ecosystem Needs

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Why should we consider establishing the Hierarchy of Business Ecosystem Needs within a single organization and collaboratively between Enterprises? It is recognized today that Ecosystem design and thinking provide demonstrable value and gain.

Building the Case for the Hierarchy of Business Ecosystem Needs:

In the rapidly evolving business landscape, we face constant change and recognise complexity is rapidly becoming the norm. The hierarchy of ecosystem needs emerged from my work and studies of ecosystems as a compelling and viable alternative for organizations to consider, manage their business, and look to extend their growth and potential through the ability to open up and create in different, highly collaborative ways.

This strategic paradigm dramatically shifts individual organizations towards sustained prosperity and fosters collaborative ecosystems that amplify collective impact, knowledge exchange, value and growth potential.

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Measuring the Successful Value of the Integrated Framework for Innovation Ecosystems

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The significant value and success of the Integrated Framework for Innovation Ecosystems needs to be constantly tracked and measured.

Measuring the Multifaceted Impact is essential and radically different from how we usually approach measuring and collecting metrics.

As I previously mentioned in a recent post, “The Dynamics of Being Connected for Innovation Ecosystems.”this draws out the multifaceted approach. In the four key components, firstly, value creation needs to extend beyond (just) financial metrics; it should include social and environmental impacts in the future. Secondly, the value of knowledge transfer is all about accelerated innovation learning and seeking diverse experiences and expertise to optimize this from the network exchanges and discovery involved. Thirdly, Co-creation should constantly be looking for novelty or originality in impact, searching to continually improve customer experience and satisfaction by adding customer benefits and ways and means to improve market positioning. Fourthly, looking to assess competitive positions across the ecosystem from the partnership gives a diversity of viewpoints of opportunity to alternative market access to give a broader impact or range of options for competitive strategies.

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the Dynamics of Being Connected for Innovation Ecosystems

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In any connected innovation ecosystem, l see four main components that must be explored, connected and built out. These are connecting value creation, knowledge transfer, co-creation and competitive positioning. Recognizing these as interconnected builds on the core of what we already have; we make our innovation activities more dynamic and integrated, looking to provide further impact.

I have been building a framework for Business Innovation Ecosystems under “Integrated Framework for Innovation Ecosystems” and have outlined the connected story and explored the four components in my last post in their descriptive meaning in some detail.

In this post, I have taken each component, breaking down their contributions in the interconnectedness they provide and how they anchor the navigating of the dynamic nature of innovation and then provide the multifaceted impacts beyond just measuring metrics that significantly “lift” collaborations and give greater weight on ecosystem thinking and design.

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Building out the four main components of Innovation Ecosystems

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The interplays and interfaces available from technology and AI applications available to us today can deliver completely different, more compelling innovations. I have been looking at the combination effect of humans, technology and AI in this new interplay on my paul4innovating.com site.

Within this research, I have been questioning how innovation has changed in the last ten years but, more importantly, how design thinking will adapt due to this technology and AI adoption as the avenue of future exploration.

Couple this with Ecosystem thinking and design, and we are moving towards a different, more integrated framework for innovation ecosystems. I provided the story for Innovation Ecosystems as needed to be explained in a previous post.

I see four main components within innovation ecosystems that must be expanded to give this framework meaning. Value creation, knowledge transfer, co-creation and competitive positioning.

Why these four components?

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Technology is the critical enabler of Ecosystems.

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I have been spending time arguing for and validating why and how ecosystems in business and applying innovation in their design and thinking are the growing future mechanism for managing new growth, delivering impact and value within Business, and for the final consumer of the goods and services.

The potential within deploying ecosystem thinking can be derived from this highly collaborative approach in finding new ways to design and deliver different options to the existing offerings, offering a different value creation potential, providing for more compelling solutions and finding different ways of solving often complex problems with this co-creating approach.

Yet, I have realized that I have not given the time or attention to the technology issues associated with the move towards adopting an ecosystem approach. So, this post begins to address this.

I believe technology is a vital enabler for building out thriving ecosystems.

Does our technology understanding in organizations and its application to Ecosystem thinking and design fail to be clearly understood as needing a different, perhaps distinctive, structural approach or system?

Building out capability based on a single organization’s needs is a mistake. Understanding the differences in collaborating, co-creating and exchanging across organizations needs a very different design, security and approach mentality.

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Ecosystems for innovating for a sustainable future, back to basics

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Sometimes, we need to go back to our original roots of thinking to remind ourselves and sometimes refresh the areas of focus we need to emphasise. Today, I focus increasingly on how innovation and ecosystem thinking and design need to combine in the Energy Transition.

I believe Ecosystems in design and thinking must form the future path to travel for innovation, collaborations, invention and growing cooperation. We need to think through more demanding challenges today that are highly complex and to do this with a higher degree of success in valuable outcomes. We need to open our thinking and minds and share knowledge to learn from each other.

A fundamental question to ask: “What do I need to consider for entering into an innovation ecosystem design?”

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The benefits of participating in cross-sector innovation ecosystems

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The Benefits of Participating in Cross-Sector Innovation ecosystems

I can remember getting completely “hooked” on Business Ecosystems by a series from Deliottes and one specific report, introduced and coordinated by Eamonn Kelley, with many contributors including Kelly Machese, Anna Muoio, John Hagel, and Larry Keeley. It was called “Business ecosystems come of age” and maybe it did not change my life, but it gave it a clearer focus- innovation ecosystems. Take a read, it is well worth it, its value then, 2015 has only matured in my mind.

I was also looking at another great piece by Deloitte on tapping into the Silicon Valley innovation ecosystem under a report called “How to Innovate the Silicon Valley Way” that came out in 2016. Another great motivation for focusing on innovation ecosystems.

One question asked in the Silicon Valley piece was “Why should enterprises give up transactional approaches in favor of dynamic, ecosystem-led innovation?

Today I would reverse that question “Why would any company still be locked into transactional approaches only functioning on its own resources?”

Today the struggle is to deal with increasing complexity, undoing the “knot” of difficult challenges and these cannot be undone or solved without collaborations outside one organization’s walls. We need to push this even further and totally accept that the hardest but best collaborations come from being involved in cross-industry or sector innovation systems.

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Unlocking the Power of Innovation Ecosystems: A Pathway to Sustained Growth and Impact

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Introduction: Innovation ecosystems have emerged as powerful catalysts for driving transformative change and fostering collaborative solutions in today’s complex and interconnected business landscape.

As organizations open up their thinking and embrace ecosystem approaches, they experience a profound shift in perspective, recognizing the value of diverse partnerships and the need for new management models.

I have written about the value of innovation ecosystems in thinking and design. Over a series of posts, this has built up different arguments or points of value.

Here I am attempting to summarize my thinking today.

I have put them into two parts, both shared here; each highlights a different emphasis on the value of innovation ecosystems but has several cross-over points, seen in different ways.

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Cross-sector collaboration for Innovation Ecosystems- summary of summaries

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I wrote a four part series on cross-sector innovation ecosystems in April and I felt it was worth summarizing these into one, so I engaged my new office partner, ChatGPT to deliver this in a series of summaries. I can’t argue with these and decided to post these as a valuable initial referencing point on a growing area of organization need, in cross.-sector collaborations innovation ecosystem thinking.

The four-part series on cross-sector innovation ecosystem collaborations emphasizes the importance of collaboration in tackling complex challenges. The series discusses the skills, tools, and processes required for successful cross-sector collaborations, including interdisciplinary thinking, co-creation processes, project management, cultural competence, intellectual property management, and data analytics and visualization tools.

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