To reflect this need for today’s complex business dynamics, I have been revising and updating my integrated approaches to ecosystems through the updated positioning of the Composable Innovation Framework and then here in the Interconnected Business Ecosystem Framework. The emphasis on interconnected combines deeper integrated thinking.
The importance of being interconnected is essential in today’s world.
We need to recognize many changes are being undertaken. To reflect this these two frameworks offer a more modern, network-centric view of business operations and strategy.
Integration of the Two Frameworks
The Composable Innovation Framework integrates far more seamlessly with the Interconnected Business Ecosystem Framework, serving as a critical enabler of innovation across the entire ecosystem.
Here’s how they fit together:
The Interconnected Business Framework is a pioneering and holistic approach that redefines the way organisations create value, drive innovation, and achieve long-term success in an increasingly complex and challenging business environment, recognizing that we operate in a dynamic environment made up of different ecosystems. By seamlessly integrating four interdependent ecosystem layers, this framework unlocks a transformative paradigm.
The Composable Innovation Framework is the primary feeder- it provides the nutrients to feed the ecosystem with new ideas, and concepts or inject a new creative dynamism into the environment, designed to thrive in this new paradigm, serving as a critical tool for driving innovation and operating as the “connective tissue” of innovation across the entire interconnected ecosystem.
Combining these two frameworks provides a powerful approach for navigating the complexities of modern business, driving innovation, and creating value in a more connected, collaborative, and dynamic world.
Here’s how they fit together in a synergistic effect building the parts that need this “interconnected effect”
- Innovation Layer: The Composable Innovation Framework primarily operates within the Innovation Ecosystem layer but extends its influence across all layers of the Interconnected Business Ecosystem as it identifies and drives fresh growth and sustainability.
- Cross-Layer Connections: It provides mechanisms for connecting innovation activities across different ecosystem layers, ensuring that innovation efforts are aligned with business needs, market dynamics, and enterprise strategy.
- Ecosystem Sensing: The frameworks include capabilities for sensing changes and opportunities across the interconnected ecosystem, allowing for rapid innovation responses -the importance of rapid reconfiguration within more dynamic ecosystem approaches and capabilities.
- Resource Orchestration: It enables the orchestration of innovation resources from across the ecosystem, breaking down silos and leveraging diverse capabilities, demonstrating the support for the co-creation of value across various ecosystem partners through its flexible and adaptable nature.
- Value Flow Facilitation: The frameworks facilitate the flow of value (ideas, knowledge, capabilities) across the interconnected ecosystem, acting as a value multiplier.
- Adaptive Governance: It provides adaptive governance mechanisms that align with the broader ecosystem framework’s more fluid, interconnected nature.
- Collaborative Platforms: The framework includes collaborative platforms that extend across the ecosystem, fostering co-innovation with various stakeholders.
- Connective tissue: There is a growing “connective tissue” for innovation that feeds across the entire interconnected ecosystem, emphasizing the role innovation undertakes between the different parts of the ecosystem feeding it with nutrients to thrive.
In conclusion, having an interconnected view of business ecosystems represents a fundamental change in how we understand and operate in the modern business world. The evolved Composable Innovation Framework is designed to thrive in this new paradigm, by providing the concepts and ideas, the raw essence that “feeds” our ecosystems, serving as a critical tool for driving innovation and operating as the “connective tissue” of innovation across the entire interconnected ecosystem.