I closed out my posts in 2023 reflecting on the “golden” threads that need to weave through innovation business ecosystems. So equally I share these four threads here again as they are so important to Business Ecosystem thinking and design going forward.
I raised the ecosystem thinking and design story ““At the heart of this story lies the understanding that innovation is NEVER a solitary endeavor; it thrives really well within ecosystems.
Just imagine these ecosystems as intricate and interconnected sets of networks, bustling with activity, with thinkers and doers, where individuals, organizations, and institutions converged with a shared goal – to innovate and create value“
The value of business ecosystems needs to be highly dynamic. Four threads need to weave through innovation ecosystem designs“
The building blocks of open innovation building towards Business Ecosystem design.
By incorporating Open Innovation Strategies as the next building block, businesses can create a dynamic and expansive innovation ecosystem beyond internal and partnership and certain collaborative boundaries.
This approach supports a culture of continuous learning, adaptation, and external collaboration, positioning the organization for sustained success in an ever-evolving business landscape that recognizes and learns how to collaborate and co-create, moving towards recognizing the value of Business Ecosystems.
Embracing Open Innovation Strategies as the next building block complements the collaborative nature of Business Ecosystems and broadens the innovation landscape out into a world of new possibilities where collaboration, co-creation and cooperation become realised for building and delivering products, concepts, and services that have new unique value and impact.
New Business Design- Empower Your Business Ecosystem.
When looking at radically different thinking and design in business, where Ecosystems become central, you need to ask yourself what industries would benefit from such an alternative design and thinking due to the changing complexities and challenges they are facing.
Are these pressures in their known and emerging markets posing future threats for businesses and whole market sectors?
Markets today are radically changing and are more demanding. The growing need to face growing complexity and challenges constantly unsettles the normal.
The value of opening up and embracing Ecosystems in design and thinking is that you can attract diverse expertise and knowledge into fresh partnerships and collaborations that can piece together radically different value propositions and shift competitors’ positioning.
I decided this posting site to be the principal supporting site for building different insights and understandings of Ecosystems. The main framework around the Hierarchy of Business Ecosystems Needs is over on www.ecosystems4innovating.com; in a series of detailed posts on each layer of the Ecosystem construct, take a look at each part in explanations of why each Ecosystem is interconnected and feeds the others.
On this site, I have been exploring issues associated with building Ecosystems, each valuable to read, such as collective learning, resistance, values of interconnected layers, barriers, a blueprint and a base post of “Why Ecosystems” and illustrating where and how ecosystems think and design are emerging.
Scroll down the home page or enter the topic in the search box to find these ready to read on this posting site. They provide a sound basis for considering Ecosystems by working through the views offered.
In this post, I provide different industries’ challenges that lend themselves to Ecosystem thinking and Design.
Paradigm shifts come from collective learning within a Business to build different Ecosystems.
How can we realize the power of ecosystem thinking and design and its growing value to enterprises? This will come through collective learning, exchanging and exploring a diversity of opinions and experiences. Achieving alternative perspectives enables a level of discovery that enables innovation
it is the need to embrace new organizational design that Ecosystem thinking needs to be considered for building a different approach to the new business needs based on the recognition that the way we approach management in markets is going through radical change.
Today, we face fast-changing markets, constant change and growing complexity; customers are opening up to different and diverse experiences, and it is learning and gaining new understanding and knowledge that will give us the more significant potential to expand and build out new value and growth opportunities.
Ecosystem thinking and design require continuous collective learning.We require different conversations.
Resistance to Business Ecosystems does need to be broken down and addressed to realize the power of Ecosystem thinking and design and its growing value to Enterprises.
So why are we not doing this today?
Adopting any business ecosystem-centric approach involves a significant shift in mindset, culture, and organizational structures.
While some forward-thinking organizations have embraced aspects of ecosystem thinking, there are several challenges and barriers that hinder widespread adoption.
In the suggested Hierarchy of Business Ecosystems, recognizing the value of an interconnected series of (dedicated) Ecosystems that build out innovation, business, dynamic flexibility, and connected enterprise layers does need to address the natural instincts to resist the adoption of business ecosystems in the fear of sharing what we know, against what we often don’t know as it is outside our restricted view.
The question is whether we need to recognise the opposite; it is the need to embrace building a different approach to the new business needs of fast-changing markets, constant change and growing complexity and opening up to different and diverse experience and knowledge gives us the greater potential to expand and build out new potential opportunities.
Interconnecting Layers for the Hierarchy of Ecosystem Needs
So, the value of establishing this hierarchy of business ecosystem in its needs requires understanding why it is depicted as interconnected layers. Is this establishing a new sustaining excellence for businesses?
They are when combined, collective in significance and impact and provide a higher level of radicality to present and offer as an alternative to today’s business and economic growth approach.
Why? Well, today, businesses are facing growing complexity and more demanding challenges. To gain growth and find new value, they must look far more toward managing collaborative ecosystems to co-create and build a sustainable platform to grow.
When I was thinking through this Hierarchy of Business Ecosystem Needs, I asked myself a series of reality checks to keep me on this path of discovery and validation.
While ecosystem-based approaches offer numerous advantages, there are also challenges and potential barriers that organizations may face.
As I was building out the Hierarchy of Business Ecosystem Needs, you have to consider many of the (current) issues and challenges being faced by advancing Ecosystem thinking and design. The business case adds more value and needs to think more about the impact of ecosystems in highly connected ways.
I believe in building the foundation layer, the Innovation Ecosystem pushes the “grey cells” and gives the best platform for integrating a comprehensive Ecosystem framework in my proposal, which comprises an Innovation Ecosystem, a Business Ecosystem, a Dynamic Ecosystem and the Enterprise Ecosystem.
The question of barriers and issues must be addressed to comprehensively understand the values of synergies, interdependencies and the exponential value created when these Business Ecosystem layers I am proposing in my Hierarchy framework are interconnected. Constructing an interconnected business ecosystem framework is undoubtedly “no walk in the park”; it is hard work.
The Hierarchy Of Business Ecosystem Needs- A Blueprint View
Several vital considerations come into play in developing a blueprint to thrive and find solutions that provide growth and fresh impact to a business amidst growing complexity and uncertainty. One that argues for a different business approach, with Ecosystem thinking and design being central.
When I was pulling together my view of the needs and contributions Ecosystems can provide businesses, I recognized an identification of aspects as essential to consider, this blueprint consideration and then addressed what was necessary to provide a comprehensive solution for offering a Hierarchy of Business Ecosystem Needs as a viable alternative to the current way we undertake business.
Let’s explore these considerations to ensure a comprehensive approach to addressing the challenges at hand when building an ecosystem hierarchy for future growth and prosperity.
Being explicit about ecosystems in the context of organizational strategies provides several distinct advantages compared to traditional approaches. We increasingly need to consider ecosystems in our thinking and design to leverage more significant insights, extract knowledge and build on collaborative experiences and diversity of views.
(Visual adapted from AFSC explaining a narrative, in this case, social justice)
I have been struggling for quite some time with innovation’s increasing difficulties in influencing growth and achieving real impact.
I see many comments on the failure of innovation, in its inability to be at the core of an organization’s ambitions for growing and changing. Actually it is a long list of issues and concerns that we so often paper over and don’t fully address. There is a time for making a real change and I feel that could be now by shifting our thinking towards innovation ecosystems.
Let’s reflect first on the constraints or barriers that innovation faces, much self-imposed.
Innovation “fights” to attract resources, to gain management attention or to appreciate fully the difficulties and uncertainties in the time it takes, in its potential risks and its need often for a more ambitious and bold commitment of support and belief.
Our innovation processes stay locked in islands of knowledge, stubbornly not flowing across organizations, informing others and giving the right levels of insights, support, or collaboration needed. Innovation software management continues to be sold piecemeal, so often just bolted onto the other selected parts already in place, not being optimized.
So many multiple strands constantly need to be pulled together to build a complete innovation picture.
We need to build theories, explore multiple connections, and build continuously on the patterns, the signals, and the interactions by extracting from all the different ‘cells’ of knowledge we all possess, which makes the application of innovation often highly unique to each of us.
Innovation ‘speaks to us all in different ways and has multiple meanings.
Then, when we grasp what we understand, we have to translate these thoughts into practical, workable solutions. By sharing, you learn and continue to build on this knowledge. You actually blend your own creation and learn from others, and that combination effect curates even greater knowledge and application.
To build a comprehensive view of any innovation built in a digital world needs is bringing together multiple strands of understanding, and that is tough, demanding and time-consuming.
