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.