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

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