The Ecology of Internal Innovation
Deep beneath the crystal-clear waters of the Pacific Ocean, there are vibrant coral reefs teeming with life. The coral, in shades of pink, orange, and green, spreads out like a …
Business Ecosystems
Focus on Six Key Competencies for Your Business Ecosystem
The rewards of a business ecosystem strategy can be appealing. Business ecosystems, which Deloitte defines as “dynamic and co-evolving communities of diverse actors …
Choosing the Right Partnerships for Your Business Ecosystem
For many businesses today, the opportunity of joining or building an ecosystem of alliances is important to holistic success.
Four Principles for Competing within Ecosystems
The most central question for any business today may be the following: “To what extent does delivering value to your end-user involve the collaboration of multiple partners in your ecosystem?”
Will Individual Companies Exist 50 Years From Now?
Why do companies exist? British economist Ronald Coase’s 1937 Theory of the Firm tells us that the existence of a firm is necessary when the costs of managing coordination internally …
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Switch Your Ecosystem
For an organization, selecting which business ecosystem to participate in carries weighty consequences. It can shape the core of your identity and lead to a leap in competitiveness if you …
Ecosystems in Business: Where to Start with Tiffani Bova
The nature of competition in business is changing. What has historically consisted of company-to-company rivalry has evolved into a struggle between competing ecosystems to gain supremacy. Business ecosystems consist of …
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5 Requirements for Successful Business Ecosystems
The idea of a business ecosystem is not new. Throughout history, partnerships and systems have formed to take advantage of efficiencies and solve problems bigger than any one organization.
Banking at Walgreens: Innovation Drives Ecosystems
In her most recent book, Seeing Around Corners, innovation and strategy expert Rita McGrath teaches leaders to spot inflection points, or major industry shifts, before they happen. “Snow melts from …
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