Crossing the chasm with Partner Ecosystems to grow your business differently.

A relatively quick post, partly as Hannover Messe 2024 is in full flow and tuning into events like this, you realize where we are all being pushed to the future,. Although GenAI gets a lot of central billing in the talks and demonstrations, the future “buzz words” that tell much of the immediate future are wrapped up in the solutions being offered.

Hannover is seemingly emphasizing the power and need of Ecosystems, platforms, marketplaces, end-to-end processes, and sustainability to set up so as to gain value and impact from all the data and AI coming towards us. These events are always forward-looking; you get the impression there are some big, even mega ecosystems, being built, but the reluctance and convincing are still lagging from those attending, transformation is a very tough call.

I am not sure we have crossed that “tipping point” needed from the essential missing piece—customers of all sizes and shapes—being convinced that opening up to far more collaboration and co-creation is in their interest. They need to cross the chasm and start with, perhaps, extending their existing thinking on “Partner Ecosystems” and opening them up to real collaboration and co-creation sharing.

Crossing the chasm into a new way of doing business through Ecosystem thinking and design is upon us all.

Continue reading

Who is best to facilitate the building out of a Business Partner Ecosystem?

Who should build a Business Partner Ecosystem?

Who orchestrates or facilitates this process of building out a Business Partner Ecosystem? Is it the lead company recognizing the value of building a more robust partner ecosystem or bringing in a specialized consultancy able to facilitate the significant amount of work this usually means?

It is not just about dedicated time but about experience, understanding, and recognition of all that can potentially change when exploiting ecosystems and being adaptive enough to respond.

There are typically two main approaches to orchestrating the process of building and managing a partner ecosystem:

Continue reading

Knowing the different mindsets for Business Ecosystem Thinking?

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

Good Marketplace design does drive bottom-up business ecosystem participation.

Marketplace Design can drive bottom-up Ecosystem designs.

Do Marketplace designs drive the adoption of platforms and ecosystems? Marketplaces should certainly be fast followers as they will shape future decisions by their attraction. Once a platform and its strategic design and intent are in place, Marketplace attracting becomes a critical attraction as the place you buy, sell and develop the solutions needed to achieve the value derived from building and investing in platforms and collaborations built around Ecosystem thinking and design.

Does this more “bottom-up” approach of accelerating the attraction of having Marketplaces more open and ready for the “trading” business make sense, and is the better way to achieve an Ecosystem adoption?

Marketplace designs can indeed drive the adoption of platforms and ecosystems. A marketplace approach can facilitate a “bottom-up” adoption strategy, where individual participants are attracted to the ecosystem through the value they can gain as buyers, sellers, or users of services.

It is always vitally important that any contributor to marketplace solutions receives recognition for their work, efforts, or willingness to participate in enabling and strengthening the Marketplace. The success of any Marketplace is engagement- making it attractive to participate and contribute.

Continue reading

Moving Beyond Boundaries in the Ecosystem of Enterprises

SubTitle: “Prosperity Unleashed Through Collaborative Power”

The Ecosystem of Enterprises- the Apex in the Hierarchy of Business Ecosystems

The Ecosystem of Enterprises Layer- the pinnacle or apex

Ascend to the pinnacle within the Hierarchy of Business Ecosystem Needs where entities dynamically achieve prosperity through collaborative efforts across Enterprises—the Collaborative and Sustaining Prosperity point. The need here is to explore the mechanisms where organizations collaboratively drive value, share prosperity, and unlock opportunities that transcend individual capabilities. This is the final layer of the interconnected Ecosystem thinking and design.

I am introducing the Hierarchy of Business Ecosystem Needs in several posts within this framework. I am outlining the top layer here, the final layer- the Ecosystem of Enterprises. This drives the interconnected Ecosystems in all of what they do.

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.

The importance of this top tier- the Ecosystem of Enterprises

Leadership needs to drive the profound shift to highly collaborative and co-created Ecosystems, designed and thought through to achieve a collective vision, sets of objectives and ultimate success of (multiple) missions; it does that through this Ecosystem of Enterprises.

Continue reading

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

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

The Case for the Hierarchy of Business Ecosystem Needs

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.

Continue reading

Navigating the New: Introduction to the Hierarchy of Business Ecosystems

 Setting the Stage Sub-Title: “Harmony in Complexity”

Navigating the New: Introducing the Hierarchy of Ecosystem Needs

The Hierarchy of Business Ecosystem Needs is a Collaborative Set of Four Layers of Interconnected Ecosystems that reflect a unique value proposition, suggesting navigating business complexity differently in the future.

Each of these layers can be built independently, offering substantial value in its own right, but when interconnected, they create a dynamic and resilient ecosystem that drives collective prosperity and sustaining excellence.

Each layer in the Hierarchy of Business Ecosystem Needs contributes to the harmonious orchestration of innovation, business synergy, dynamic resilience, and collaborative prosperity, paving the way for a new era of interconnected success.

We are searching for a different growth curve, and to achieve this, we need a radically different design of how we approach business in collaborative and co-creation ecosystems.

Here, I outline the initial case for this Business Ecosystem Hierarchy, offering the potential for the transformative power of collaborative ecosystems together.

In a series of posts, I will provide this initially connected narrative and then provide individual ecosystem layer posts covering innovation, business, dynamics and enterprise-building ecosystems. This has a clear message of being interconnected as each layer contributes to the whole, and I trust it provides an introductory but comprehensive understanding of the values of synergies, interdependencies and the exponential value created when these layers are interconnected.

Continue reading

A journey in achieving a Dynamic Innovation Ecosystem

The value of Ecosystems cannot be understated. Be these “innovation ecosystems”, “business ecosystems” or “dynamic ecosystems.” They form a “hierarchy of ecosystem needs“, and that is where I will be going in the weeks ahead to explain this integrated and interconnected framing of ecosystems.

I have gotten relatively excited about this strand of thinking and ecosystem design as it has been a reasonably extensive period of research building this out to a validation point.

This is undoubtedly giving me a sense of purpose in exploring ecosystems extensively as it is the way we do need to go in extracting growth and value and give a more significant impact to all the complexity and challenges we are facing in today’s and our future world.

Let me recap for those recovering from their December and early January excesses.

Continue reading

Recognizing the Value of Innovation Ecosystems

I keep being asked what Innovation Ecosystems are, why they seem slower in adoption than expected in the business environment, and how you can overcome reluctance and possible resistance to the need to change.

So, I thought I would list what the role of innovation ecosystems can provide and why they are essential and offer suggestions on gaining greater identification and adoption.

What is the role of innovation ecosystems?

Innovation ecosystems drive innovation, economic growth, and societal impact. They serve as collaborative platforms where individuals, organizations, and institutions from diverse backgrounds unite to share knowledge, resources, and ideas to bring new ideas to market and address pressing challenges.

They are rapidly becoming the backbone of a thriving knowledge economy where collaboration, knowledge exchange, and entrepreneurship drive progress in collectively coming together to tackle complex and complicated challenges that individual entities alone cannot attempt or fully resolve.

Continue reading