Feeling trapped, break out of the box with Innovation Business Ecosystems
I have been investing a growing amount of time in building my understanding of Business Ecosystems and from one of my AI chats I really do get some wonderful “nuggets” of thinking.
It does continue to amaze me within a stream of exchanges or prompts how you are sparked into another strand of thinking that continues to build your understanding or simplify a part that can be complicated to explain.
One of these “popped up” while I was trying to relate Natural Ecosystems with Business Ecosystems and I asked a follow on a prompt around mind shifts “What are the principles of the mind shift to bring structure to recognizing different changes in thinking from existing business thinking to make the bridge into fresh thinking needed for Business Ecosystem thinking.”
I simply loved this reply as so clear and defined for changing thinking.
Eight principles for bridging traditional thinking into Ecosystem thinking
We are in a world of re-calibrating our business, where to invest and who to partner with. Firstly we have to cut-away much of our existing approaches and thinking of how we organize and operate.
Opening our minds to the alternative of being in a collaborative network, sharing in value and worth.
Having a reliable network to plug into and exchange views in confidence and speedily is vitally important. Many of those advisors we relied upon for economic prediction, (banks, consultancies, think tanks, even prediction models) providing their advice was prevalent on stability. They are at present as much at sea deciphering future direction as the rest of us.
What you can revert too and draw in a better level of confidence and understanding comes from the value and worth of your own trusted network. Who we know, who we work with and trust is so valuable in these volatile times.
The old record and sound of Innovation certainly needs changing.
Recently I have been reading about how innovation management needs to get back to basics or how it needs to be given a fresh lick of paint in professional certification, revised and updated university training programs or short courses.
For twenty years, since I have been working in the innovation space, we have constantly complained about so many different aspects of innovation failure and offered solutions to why innovation management still seemingly fails to deliver on its promise to build new growth inside our organizations. Offering innovation advice is a big industry to consult and academically, to teach in.
We keep innovation management locked into a 20th-century paradigm and I believe we must break the “chains” and make a significant shift in our innovation thinking, into innovation and business ecosystems
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.
