Sector News

How do you manage a business ecosystem?

February 5, 2021
Borderless Leadership

This article is the fourth in a series of publications offering practical guidance on business ecosystems. The first article addressed the question, “Do you need a business ecosystem?” The second reflected on how to “design” a business ecosystem. And the third dealt with the question, “Why do most business ecosystems fail?”

It is widely acknowledged that business ecosystems offer great potential. Compared to more traditionally organized businesses, such as vertically integrated companies or hierarchical supply chains, business ecosystems are praised for their ability to foster innovation, scale quickly, and adapt to changing environments.

However, many companies that try to build their own ecosystems struggle to realize this potential. Our research has shown that less than 15% of business ecosystems are sustainable in the long run and that the most prevalent reason for failure is weakness in the governance model—the way the ecosystem is managed. READ FULL ARTICLE HERE

By Ulrich Pidun, Martin Reeves, and Niklas Knust

Source: bcg.com

Related News

June 19, 2021

Remote workers spend more on housing. Do they deserve higher pay?

Borderless Leadership

To executives expecting to save on office space when some employees continue working remotely post-pandemic: Not so fast.

June 13, 2021

4 big issues leaders should be thinking about as we return to work

Borderless Leadership

What comes next with regard to the new office will be a global experiment like we’ve never seen. The successes will come from organizations with leaders who are thoughtful and deliberate.

June 6, 2021

5 myths about flexible work

Borderless Leadership

When it comes to flexibility, executives are often worried that they’ll open Pandora’s box and set a dangerous precedent if they allow some employees to work flexibly. They worry that if they let a few employees work from home, then the office will always be empty and no one will be working.

Send this to a friend