Strategic Management:

Strategy Formulation

Business Ecosystem

A Community of Players Operating Within a Particular Business Environment

 

Vadim Kotelnikov personal logo Vadim Kotelnikov

Founder, Ten3 Business e-Coach Inspiration and Innovation Unlimited!

 

Planet of Loving Creators Innompic Games World's best innovators venturepreneursInnompic GamesWorld's #1 Innompic GamesTrendsetter Innompic Games

IG Way - What makes Innompic Games so effective and excitingGlobal Innovation Rainings of countries, universities IG Rating Innompic Games

 

"The business world is an extension of the kindergarten sand box – but with quick sand." – Richard F Stiegele, banker

  

  New Economy: Key Features

 

Business Environment Business Ecosystem Strategic Landscape Business Designs Enterprise Business Process Management

Understanding What's Going On in the Real World2

Tapping your resources of energy and imagination, look at your company from the perspective of your once and future customers and ask these questions relentlessly:

  1. What's happening in your marketplace?

  2. How are needs are changing?

  3. What's causing the changes?

  4. Where are the resulting opportunities?

 

Business Ecosystem Defined

Business ecosystem is a community of organizations and stakeholders (players) operating within a particular business environment, which collaborate and compete in an economic web of relationships.
A business ecosystem is the network of organizations—including suppliers, distributors, customers, competitors, government agencies, and so on—involved in the delivery of a specific product or service through both competition and cooperation.

Each entity in a business ecosystem ecosystem affects and is affected by the others, creating a constantly evolving relationship in which each entity must be flexible and adaptable in order to survive as in a biological ecosystem.

These relationships co-evolve through time subject to the general forces in the business environment and the specific moves made by the web of players.1 

Today, the business ecosystem replaced traditional concepts of industry and market with business communities of interacting organizations that together create, deliver and consume goods and services. These ecosystems are complex networks of players, that go far beyond traditional competitors, customers, and suppliers. They comprise communities of organizations that collaborate and compete in economic web of relationships."1

5 External Drivers of Change

Customer-led drivers changes in the market make-up such as attitudinal moves in demand, income alterations, or demographic shifts that change definitions of value and convenience... More

Strategy Formulation

Corporate Strategy: 2 Logics

Strategy formulation is the process of determining appropriate courses of action for achieving organizational objectives and thereby accomplishing organizational purpose... >>>

 

  

 

Design a Better Business

New Tools, Skills, and Mindset

for Strategy and Innovation

 

 

References:

1. Managing Complexity, Robin Wood    2. Every Business is a Growth Business, Ram Charan and Noel. M. Tichy