Technology Strategy and Management: Business Ecosystems: How Do They Matter for Innovation?

Sako, Mari (2018) Technology Strategy and Management: Business Ecosystems: How Do They Matter for Innovation? Communications of the ACM, 61 (4). pp. 20-22.

Abstract

More and more people are living and working in business ecosystems. We read and talk about the entrepreneurial ecosystem, the e-commerce ecosystem, and the mobility ecosystem. But we do not know enough about the key characteristics of an ecosystem that make it innovative. For some, any cluster that involves multiple types of actors – entrepreneurs, investors, intermediaries such as incubators and accelerators – constitutes an ecosystem. For others, it is a biological metaphor that, when applied to man-made systems, is only partially useful.

Precise understanding of a business ecosystem would help startup entrepreneurs and incumbent businesses compete and collaborate more effectively. This column clarifies the concept so that we can identify good use and misuse of the term ‘ecosystem’. It also elaborates its utility when businesses formulate their strategy, and when policy makers are promoting and regulating business ecosystems.

Item Type: Article
Keywords: International Business
Subject(s): International business
Date Deposited: 10 Oct 2018 10:03
Last Modified: 10 Oct 2018 10:03
Funders: N/A
URI: http://eureka.sbs.ox.ac.uk/id/eprint/6933

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