Interconnected Business Ecosystems We live in a world of interconnected Ecosystems. Businesses have been actively working in their own connected ecosystems to suit their own business needs. That needs to change. We need to open up our thinking to collaborative ecosystems. Let’s briefly examine why and what I have been working on as my focus for some time—the need for interconnected business ecosystems. They are highly valuable and very relevant today in dealing with complexity. They are interlinked in different ecosystems to generate greater returns and resolve complexity and challenges that n ..read more

Connected Business Ecosystems for Impact and Value After a short break, I have further solidified and deepened my approach to business ecosystem thinking and design through my “Hierarchy of business ecosystems” framework. This recent work has been focused on making this framework more robust, where integrating the suggested ecosystems of innovation, business, dynamic, and enterprise ecosystems brings out the value of such an overarching design.( see below for these as integrated value ) I provided a recent post “Returning to the Hierarchy of Business Ecosystems” where I summarized what the fra ..read more

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 forwa ..read more

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 b ..read more

There is a growing trend towards Partner Ecosystems, so what’s the opening business case? Partner ecosystems play a crucial role in business growth and success, especially in today’s interconnected and globalized business environment. They can tackle business issues, support social problems, and overcome the complex and challenging issues we increasingly face. A partner ecosystem refers to a network of complementary companies, organizations, and individuals collaborating to create (additional) value for customers and drive innovation. However, it’s important to note that building and managing ..read more

All around us, we are faced with new challenges and growing complexity. We seem caught up in more wicked problems that require a profound shift relating to innovation. Increasingly, we are also witnessing growing dissatisfaction with the impact that innovation has today to overcome customer needs and provide more sustained growth, returns, market and customer impact. One of the implications of this growing recognition is that innovation today rarely succeeds in isolation, staying within the four walls of one organization. Solutions required are becoming highly dependent on a more dependent typ ..read more

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 ..read more

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 t ..read more

The Importance of Hierarchy of Business Ecosystems Why Are We Recommending Navigating into this World of Interconnected Ecosystems? In the ever-changing and fast-paced world of business and innovation, the paradigm is shifting towards collaborative ecosystems. Traditional models are making way for a new approach emphasising openness, adaptability, and shared vision. This transformative journey is encapsulated in the Hierarchy of Business Ecosystem Needs, a cascading framework comprising four interconnected layers: Innovation Ecosystems, Business Ecosystems, Dynamic Ecosystems, and the Ecosyste ..read more

Sub–Title: “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 t ..read more