Why Ecosystem Value Needs to be Part of Your TAM

Whether your company is just starting out or already a global enterprise, one of the most important numbers you need to measure is the total available market (TAM). Having an accurate read on your TAM is crucial to setting growth goals as well as concretely showing investors and stakeholders that your company is worth their resources.

Traditionally, TAM is known as the overall revenue opportunity available or foreseen for a specific product or service—with a key component of estimating the future expansion or size.

One way to better leverage your TAM and add better insight into future growth is to evaluate your ecosystem. Business ecosystems are a key strategy for accelerated growth. The IDC 2019 State of Ecosystem report supports this—businesses with an ecosystem model grow 50% faster.

I’ve learned how to measure and leverage Ecosystem Value to successfully define markets, approve capital requests, and close million-dollar contracts.

Continue reading Template: More Tag

ecosystem cloud

Ecosystem Cloud: The Next Frontier

Today’s hyper-competitive market demands agile innovation and the ability to quickly form creative solutions to solve customer problems. No longer do businesses have the luxury of time when bringing new solutions to market. In fact, business leaders who are unable—or unwilling—to take risks and expand their market will put their business at risk of becoming obsolete. 

Out of all the enterprises on the 1955 Fortune 500 list, only 53 U.S. companies remain in business today—that’s stunning. As digital transformation and hyper-competitiveness take over every market and sector, companies large and small are at risk of disruption and becoming obsolete if they aren’t agile and responsive to fast-changing customer needs.

IBM Logo

A recent C-Suite Survey by IBM states that “leading organizations are innovating with partners on new business platforms across ecosystems” showing dramatic evidence that top-performing companies are twice as likely as poor-performing companies to leverage their ecosystem partners to quickly innovate and meet market demands. 

Partners coming together to launch joint solutions into the market are able to quickly provide the technologies and solutions customers want. Companies that choose to “go it alone” can waste months or even years trying to assemble the teams and technology customers are looking for, while their competitors are already in the market and eating their lunch. Agile business leaders who have the tools to build and nurture business ecosystems benefit from strong networks and gain a crucial edge in leading their industries. 

Continue reading Template: More Tag

IDC - Maximize the Value of Ecosystems

Maximizing the Value of Ecosystems

WorkSpan: drive innovation through ecosystems

The age of digital disruption has changed how companies and customers interact. Traditional go-to-market strategies are no longer enough to keep businesses—even those in the Fortune 500—competitive or afloat. Building a strong ecosystem of partners is key to staying on top. IDC recently published a report on ecosystems in which they estimate 50% of the Global 2000 will have formed alliances with their technology partners by 2021.

Ecosystems are becoming an essential part of end-users’ technology and services sourcing process. WorkSpan is the underlying engine that drives thriving, agile ecosystems by unifying marketing and sales processes in one system, streamlining engagement and collaboration, and providing powerful reporting.

Continue reading Template: More Tag

microsoft inspire 2019

Join WorkSpan at Microsoft Inspire 2019 & Learn How To Grow Your Business with Microsoft’s Partner Ecosystem

Did you know that 95 percent of Microsoft’s go-to-market is driven by their partner ecosystem? With more than 7,500 partners joining the Microsoft ecosystem every month, partner growth and partner innovation are directly fueling Microsoft’s cloud growth.

Microsoft Inspire is Microsoft’s premier event where partners meet to connect, collaborate, and celebrate as one community.  This year, the event will be July 14-18 at the Mandalay Bay in Las Vegas.  If you’re a Microsoft partner, you can’t miss it — it’s THE place to be!

The big excitement this year is Microsoft will be introducing brand new capabilities for partner-to-partner collaboration to help you grow more revenue and build your business.  These new capabilities will allow you to:

  • Assess your readiness and solutions – discover and refine your value proposition, identify solution gaps
  • Identify and connect – find and win strategic partners who can help you get cloud and digital transformation market share and go to market together.
  • Grow – your customer pipeline, revenue, and capabilities – drive deeper penetration in your existing customer base and expand your customer base with joint offerings

Continue reading Template: More Tag

workspan series B funding

WorkSpan Raises Series B Funding

According to McKinsey, 7 of the top 12 largest companies by market capitalization — Alibaba, Alphabet (Google), Amazon, Apple, Facebook, Microsoft, and Tencent — are Ecosystem players. CEOs are recognizing the market power they can unlock by building and leveraging a strong partner ecosystem. 

In turn, top industry analysts and investment firms see the emergence of a new category of Ecosystem Cloud, being led by WorkSpan, that helps companies build and grow their partner ecosystems.

We’re proud that our leadership in this space has resulted in $27 Million in Series B funding led by Redline Capital in London. Mayfield, who steered our Series A funding, and Microsoft’s venture funding organization, M12 Ventures, also participated in this funding round. 

Continue reading Template: More Tag

Create A product first!

Create a product first please!