In the Ecosystem Economy, What’s Your Strategy?
“Business is undergoing a paradigm shift as a result of digital innovation: The very nature of competition is changing. Competing is increasingly about identifying new ways to collaborate and connect rather than simply offering alternative value propositions. But as the scope of opportunity expands, so too does the confusion of executives confronted with digital ecosystems. The complexity of those systems doesn’t mean we should give up trying to make sense of them; it means we need to adjust. We must shift from rigid strategies based on prescriptive frameworks to dynamic experiments based on a process of inquiry.”
Platforms and Ecosystems: Enabling the Digital Economy
“In a few short years, the ranking of most valuable companies by market capitalization has totally shifted to being dominated by one business model – digital platforms and ecosystems. ”
”The World Economic Forum has launched the initiative on Digital Platforms and Ecosystems not only because it is a topic on almost every corporate board’s agenda, but also because digital platform models already dominate our daily lives and our experiences as consumers, employees, community members and citizens.”
“Most saliently, digital ecosystems have the ability to help redefine the boundaries between the public and private spheres, creating new models of “invisible infrastructure” while allowing entrepreneurs to provide the “scaffolding” for new products and services.”
“The true potential of such collaboration will be realized if the technological, operating and regulatory innovations proceed in lockstep, rather than in isolation.”
Ecosystem Businesses Are Changing the Rules of Strategy
“One huge benefit of being an ecosystem orchestrator is privileged access to information about the entire ecosystem. You see what’s selling well, and you see how the market is evolving before others. While it might be tempting, again, to use this information to make more money in the short term, the smarter approach is to keep things moving — to open up new markets, and to do this quicker than your competitors.”
Ecosystem Cloud Elevates Business Networks
“With Ecosystem Cloud, WorkSpan provides a distinctive and, so far, unique approach to managing the joint activities that technology partners undertake to develop, market and sell their offerings. Unlike traditional partner relationship management systems, ecosystem management platforms like WorkSpan’s are designed to support multiple partner teams working together. This report identifies key differentiators, examines functional capabilities, considers the offering’s strengths and weaknesses, and outlines key use cases.”
Maximizing the Value of Ecosystems
“Since successful ecosystems require unique and complex relationships, executives are searching for a new generation of support tools and related best practices that will allow them to build-with, market-with, and sell with their software, hardware, OEM, system integrator, service, cloud, and channel partners. To maximize the value of their ecosystem, executives must be able to evaluate their relationships, influence sales and marketing activities, and easily measure results.”
“WorkSpan’s approach offers users the ability to create a competitive market advantage.”
Unleash Your Digital Strategy & Drive Customer Centricity Through Ecosystems
“The Technology and Service Provider ecosystem participation for digital business solutions to grow to 60% in next few years”
Accelerating Digital Innovation Inside And Out
“Ecosystems: A fertile source of innovation: Partnerships with external organizations are a key source of digital innovation, especially for digitally maturing companies. At digitally maturing companies, 80% of respondents say their organization is cultivating innovation via partnerships. At developing organizations, that number drops to 59%, and at early-stage organizations it falls further still to 33%. Digitally maturing companies are (thus) more than twice as likely to work with external organizations to innovate, compared with the least digitally mature businesses.”
The Myths and Realities of Business Ecosystems
“In annual reports, the term ecosystem occurs 13 times more frequently now than it did a decade ago… At a fundamental level, ecosystems provide new ways of managing the trade-off between flexibility and commitment… If building or joining an ecosystem makes sense, it requires redesigning internal processes to become much more flexible and responsive.”
“The shift to ecosystems thinking challenges the very idea of ‘industry’ that we inherited from the industrial revolution… The coming decades will likely see the further spread of ecosystems, with companies coevolving in temporary clusters of semifluid relationships, spanning traditional industry boundaries.”
Battle of Ecosystems
“The future is ecosystems. We have seen this in the airline industry: In the old days, it was Swiss Air against Lufthansa. Today, it’s Star Alliance against One World. The same is happening at the moment in our industry. EY has a global contract with Microsoft, we have a global contract with SAP. Companies like EY are teaming up with technology companies to provide holistic solutions to our clients.”
Learn how WorkSpan is enabling companies like yours to maximize their opportunity in the Ecosystem Economy