Business ecosystem
strategy
Creating a strategy based on your business ecosystem can highlight opportunities for innovation and value capture and creation.
In today’s increasingly complex and interconnected business world, it is increasingly challenging for organisations to have all the resources and capabilities required to meet their end customers’ demands. Instead, they must draw resources from other firms and successfully integrate them into their offering.
Businesses need to attract partners, suppliers and alliances to enable them to share resources in co-operative networks. Organisations that interact in this way form a ‘business ecosystem’ where they build value together with other organisations, increasing efficiency and co-creating services for customers.
Creating a strategy based on your business ecosystem can highlight opportunities for innovation and value capture and creation.
In today’s increasingly complex and interconnected business world, it is increasingly challenging for organisations to have all the resources and capabilities required to meet their end customers’ demands. Instead, they must draw resources from other firms and successfully integrate them into their offering.
Businesses need to attract partners, suppliers and alliances to enable them to share resources in co-operative networks. Organisations that interact in this way form a ‘business ecosystem’ where they build value together with other organisations, increasing efficiency and co-creating services for customers.
HOW WE CAN HELP
Create a business ecosystem strategy
IfM Engage provides tools and approaches that enable executives to analyse their ecosystems and highlight opportunities to innovate and create and capture value. This could be in the form of using new technologies, developing new business models, identifying new problems that need to be solved and bringing new players into the ecosystem to plug gaps in capabilities.
Our approach helps you to identify:
- who is in your ecosystem and how it is structured;
- how much value each member creates and capture;
- identify rising and falling players in the ecosystem and the influencers;
- whether you can shift the balance of power so you are able to capture a greater share of the value;
- what risk each member takes and hence where the balance of power lies;
- if there is potential for radical innovation between the ecosystem members;
- look at the trends within an ecosystem and anticipate forthcoming transformations and disruptions;
- the capabilities required to fully to exploit your ecosystem and establish a plan to build that capability.
- who is in your ecosystem and how it is structured;
- how much value each member creates and capture;
- identify rising and falling players in the ecosystem and the influencers;
- whether you can shift the balance of power so you are able to capture a greater share of the value;
- what risk each member takes and hence where the balance of power lies;
- if there is potential for radical innovation between the ecosystem members;
- look at the trends within an ecosystem and anticipate forthcoming transformations and disruptions;
- the capabilities required to fully to exploit your ecosystem and establish a plan to build that capability.
FEATURED RESOURCES
Webinar – Ecosystem thinking for strategic planning
Video – Ecosystem mapping in one minute
Course – Business Ecosystem Strategy
FEATURED RESOURCES
Webinar – Ecosystem thinking for strategic planning
Video – Ecosystem mapping in one minute
Course – Business Ecosystem Strategy
“IfM Engage is helping us to establish tools which enable us to look across our ecosystem and consider new ways that we could work with key players, better shape proposals for, and delivery of new services for our customers. The tools and experience are unique in this area and add real value.”
Paul Andrews, Head of Service Systems Engineering, BAE Systems
“IfM Engage is helping us to establish tools which enable us to look across our ecosystem and consider new ways that we could work with key players, better shape proposals for, and delivery of new services for our customers. The tools and experience are unique in this area and add real value.”
Paul Andrews, Head of Service Systems Engineering, BAE Systems
CASE STUDIES
CASE STUDIES
ENGAGE WITH US
Consultancy
services
Our global network of business ecosystem experts combine the latest insights with senior level industry experience. We take a collaborative approach and understand our client’s individual objectives and draw from research, world-class tools and industrial knowledge to empower impactful decisions and action.
Talent and capability
development
We offer bespoke programmes and open courses on topics such as business ecosystem strategy where we share our tools, knowledge and expertise for you to analyse your ecosystem and identify your opportunities.
ENGAGE WITH US
Consultancy services
Our global network of business ecosystem experts combine the latest insights with senior level industry experience. We take a collaborative approach and understand our client’s individual objectives and draw from research, world-class tools and industrial knowledge to empower impactful decisions and action.
Talent and capability development
We offer bespoke programmes and open courses on topics such as business ecosystem strategy where we share our tools, knowledge and expertise for you to analyse your ecosystem and identify your opportunities.
HOW THIS SOLUTION WAS DEVELOPED
The IfM’s Business Ecosystem Strategy approach is developed through research conducted by the Cambridge Service Alliance at the Institute for Manufacturing. The Cambridge Service Alliance is a unique global partnership between businesses and universities. It brings together the world’s leading firms and academics, all of whom are devoted to delivering today the tools, education and insights needed for the complex service solutions of tomorrow.
Academic Expert: Dr Florian Urmetzer
FEATURED EXPERT
Dr Florian Urmetzer
HOW THIS SOLUTION WAS DEVELOPED
The IfM’s Business Ecosystem Strategy approach is developed through research conducted by the Cambridge Service Alliance at the Institute for Manufacturing. The Cambridge Service Alliance is a unique global partnership between businesses and universities. It brings together the world’s leading firms and academics, all of whom are devoted to delivering today the tools, education and insights needed for the complex service solutions of tomorrow.
Academic Expert: Dr Florain Urmetzer
FEATURED EXPERT
Dr Florian Urmetzer
GET IN TOUCH
Contact us to find out more about how you can develop your ecosystem strategy through structured tools and approaches to reveal opportunities for innovation and value capture and creation.