Tag Archives: Interconnected Business Ecosystem

Adding Start-Up and Entrepreneurial Ecosystem to the Integrated Business Ecosystem Model

Posted on by

Including Start-up and Entrepreneurial Ecosystems into the Interconnected Business Framework, makes it more comprehensive and reflective of the full spectrum of business activities. It can enable how ideas flow from innovation through entrepreneurship and into established business practices, and how larger businesses can engage with and benefit from entrepreneurial energy.

This inclusive approach would make the framework more robust and applicable across a wider range of organizations and scenarios, from nascent start-ups to multinational corporations, while still allowing for specific focus on entrepreneurial challenges when needed.

Entrepreneurial or Start-up Ecosystems: Let me explain their role in supporting startups and new ventures, driving economic growth and innovation. Each has its own unique characteristics and focus.

Let’s define this ecosystem:

The Entrepreneurial or Start-up Ecosystem, while sharing some similarities with Innovation Ecosystems, is distinct in its focus on new venture creation and the specific needs of early-stage companies. It intersects with other ecosystem types but maintains a unique identity due to its emphasis on entrepreneurship, risk-taking, and the particular challenges faced by new ventures.

Continue reading →

Crafting the Interconnected Business Ecosystems Story is complex in itself.

Posted on by

Crafting a compelling story that encompasses building ecosystem capabilities, establishing the Interconnected Business Ecosystem Needs, and implementing a blueprint to navigate the ever-changing landscape involves far more than I initially contemplated.

Business Ecosystems are complex. To argue the need to interconnect makes this even tougher and let me put some initial structure to this.

There is so much in weaving any narrative to find the right ways to resonate with your audience.

Here’s a structured approach to build out this story. I believe these become individual parts of a complete storytelling, and I am slowly working through them.

Is it working? I think so but I do have moments of concern and worry it is not getting the imperative of needed focus behind this change to Business Ecosystem thinking and design for businesses to recognize they are in a very different world of reliance.

We need to recognize a growing reliance on building dynamic networks of growing dependencies that leverages on the “collective power and diversity” to tackle problems that need complex thinking through this Interconnected Business Ecosystem approach.

As I tell this story it is equally revealing itself more and more to me. I am learning constantly to adjust, adapt and keep flexible and agile, just like my arguments for businesses to design and think through.

To further help I asked Google through its NotebookLM to provide me back their story of how this might evolve

Continue reading →

How critical Dynamic Ecosystems are to any Ecosystem Design

Posted on by
The importance of Recognizing Dynamic Ecosystems

We recognize the need for business to embrace change and thrive through adaptation in a rapidly evolving business landscape does require a very dynamic environment.

Dynamic Ecosystems are central to providing the engine to collaborations, adaptation and future leadership. Its central role is to build constant adaptation and resilience, pushing to create increasing value through discovery and extraction throughout the entire ecosystem, and providing the evolving positioning of business as leaders in tomorrows industries and solutions provided.

A continuous learning and acquiring knowledge insights needs this rapid adaptability from the Dynamic Ecosystem. Central to investing and exploring innovation, leveraging network effects, capitalizing on synergies and diversities to deliver into decision making the best options and value.

Dynamic Ecosystems build future ecosystem resilience and including participation as the core to thinking evolution and discovery, to exploit and expand to what is possible, through ecosystem-centric thinking and design. They are critical to delivering through collaborative arrangements and diversity of thinking and knowledge sharing.

Continue reading →

Seeking The Alternative Path: Partner Ecosystems for Innovation, Resilience, and Providing Unique Impact

Posted on by
Seeking The Alternative Path: Partner Ecosystems for Innovation, Resilience, and Proving Unique Impact

In an increasingly interconnected and complex business environment, partner ecosystems offer an alternative path to traditional business models. This approach not only fosters different types of innovation but also enhances organizational resilience and creates lasting impact. Here’s how and why partner ecosystems are transformative:

Business Pitch Summary:

  • We need to Innovate Differently: Harness diverse expertise to drive unique, customer-centric solutions comes from unique partner ecosystem configurations.
  • The real need is Building Resilience: Share risks, adapt quickly, and ensure robust operations does occur from applying a collaborative approach and building sustaining co-creation solutions.
  • Create Lasting Impact: Foster sustainable innovation and inclusive economic growth is achieved in community and customer engagement, discovering and sharing value, impact and novel solutions that solve real problems that can only be achieved from co-operations and awareness.
  • The Value of Finding the Right Facilitator: Building effective Partner Ecosystems needs a very focused facilitator to bring together and equally to draw out the concepts, values and diversity of unique partner ecosystem configurations.
Continue reading →

The increasing need for Business Ecosystem Impact Coaching

Posted on by
Delivering Innovation and Business Ecosystem Impact

Increasing business ecosystem capacity through coaching

There are many benefits from having an intense course of one-on-one coaching, irrespective of the level of responsibility you have for innovation and business ecosystem thinking and designing within your organization.

In some ways it builds upon a similar approach to management behavioral coaching, one that is designed to change perceptions, re-orientate your thinking and approach it opens up to different thinking to build out your innovation understanding.

Coaching, advising and mentoring each require a combination of strategic thinking, interpersonal skills, and a deepening understanding of the dynamics of interconnected organizations.

Continue reading →

The Building Blocks of Connected Business Ecosystems

Posted on by

The Building Blocks of Business Ecosystems in thinking and design

In a world where everything seems to be becoming complex, challenging or simply tough to make the necessary changes, we need to think differently.

We need to collaborate and co-create and that comes from adopting the mindset of Business Ecosystems.

Designing a shared strategic cooperation, recognizing everything needs or is interconnected to achieve a different market position we need to think differently.

Continue reading →

Building Momentum in Business Ecosystems: Research Insights and Future Directions

Posted on by
Recognizing how connected Business Ecosystems need to be

During the August period, quieter for client engagement, it gave me the opportunity to really do some extensive research across the multiple topics around Business Ecosystems.

The research reminded me that in today’s rapidly evolving business landscape, the concept of Business Ecosystems is gaining increasing prominence but is still not well understood.

There is a real need for companies to remain competitive but they are seemingly striving to gain value reliant on old or existing tools and thinking.

The value of Business Ecosystems, in thinking and design for leveraging their growth is still hesitant for so many to investigate or explore. Building justification for making a change in thinking takes time and validation. This further research will yield more for convincing many still reluctant to “open up” to this change to recognize the need for this Ecosystem thinking to happen……..to them.

Simply, it is recognizing that these business ecosystems are becoming so crucial to resolve the complex challenges we are facing to day and that needs collaboration and co-creation but are complex in their structure and execution.

I have tried to summarize the key insights and areas of inquiry from this recent research in the following ways:

Continue reading →

A suggested sequence into the Interconnected Business Ecosystem framework

Posted on by
Putting sequence into the building of Interconnected Business Ecosystems

How would you sequence these within a interconnected business ecosystem environment?

As I continue to build out the Interconnected Business Ecosystem framework into my version 2 following the opening post Extending out the Interconnected Business Ecosystem as necessary. That opening post outlined each ecosystem in its specific concept approach, positioning and focus area that define the ecosystems and suggest the distinctiveness and value parameters this gives.

Initially I focused on framing this around four ecosystems: innovation, business, dynamic and enterprise as interdependent ecosystems. In the past few months I have been questioning this and believe the interplay was lacking in recognition that other ecosystems were coming into play. Here I deal with the sequencing.

Continue reading →

Why Business Ecosystems are highly valuable to think through.

Posted on by
Thinking through Business Ecosystems

Business ecosystems have grown in real importance for me to focus upon. Alone on this site I have written around 200 plus posts that relate to ecosystems and platforms since 2016 when I started separating my innovation thinking with this business ecosystem one.

Today, I have turned full circle, there is a need for merging these back but into innovation ecosystems for one and business ecosystems for the other, to explain different essential value parts..

Having an ecosystem-centric approach has growing advantages to navigate complexity and strive towards a new level of sustaining growth and impact.

Designing Ecosystems for collaboration, co-creation and extending your business out in radically different ways needs thinking through. It has become essential for the sustainable future tacking more complex and challenging issues

Let me provide some thoughts on this:

Continue reading →

How to Design and Resolve Effective Business Ecosystem Governance.

Posted on by
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.

Continue reading →