Ecosystems will change the nature of business activities. Here are four of these but they need the beating heart of Governance to be pulsing through them by taking an evolving, living dynamic governance approach.
Ecosystems can lead to four distinct value-adding opportunities
- Ecosystems will have the potential to expand capabilities and enable experiences beyond anything possible today in the present world that most of our business organizations operate in; ones that are operating in their own ‘disconnected’ world, internally focused, constrained by limited technology connection and resources.
- Ecosystems open up the world. They connect it for richer access to diversity and different sets of discoveries not possible within one organization’s current capabilities or capacities. It is highly collaborative and interactive.
- It is by this very nature of opening up and interacting building a growing interdependence in relationships, that is driving the new innovation potential. As one is looking to create and explore new business value by willing collaborators acting together, that offers potential for outcomes to be greater than the sum of the individual parts.
- As our world becomes more complex, ecosystems offer ways to coalesce around those sorts of growing, seemingly complicated challenges, that bring together within the ecosystem community the potential to build, solve, share and exchange goals and concepts that help solve these complexities, achieved in highly collaborative ways.
One of the most critical aspects of a thriving ecosystem comes from recognizing that Governance needs to be highly dynamic, constantly evolving as the inner heart of a good Ecosystem.
Distinctive Governance Challenges that keep evolving.
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