Business Ecosystems: Strategizing in a Connected World (Studies on Entrepreneurship, Structural Change and Industrial Dynamics)

By: Markus Kreutzer and Erwin Hettich and Pia Kerstin Neudert

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Synopsis: This comprehensive book provides decision-makers with clarity in navigating business ecosystems. It covers the history and drivers of ecosystem emergence and explores key concepts like complementarity and modularity. Various archetypes, including business, innovation, and platform ecosystems, are examined. The book details the design, set-up, and growth of successful ecosystems, including roles, building strategies, and growth levers. Further sections focus on ecosystem orchestration and participation, emphasizing the balance between engagement depth and breadth, cooperation and competition, trust and control, and openness and closedness. Ecosystem management within firms is addressed, covering leadership, commercial functions, communication, financial planning, risk management, legal compliance, and IT. Insights into assessing ecosystem performance, failure, and competition are provided. The book concludes with a discussion on the future of ecosystem evolution, environmental and social impacts, and how ecosystems are transforming work and management practices. This book is an essential resource for executives in the ecosystem-driven business landscape.