integrated Business Ecosystems | Paul4innovating Innovation Views

Pitch me on why Innovation Ecosystems are better than my present open innovation approach

Pitching the reasons to change to Innovation Ecosystems in thinking and design

So after working through the values of the Innovation Ecosystem over a series of three posts I asked Chat GPT to help me in making a pitch for the change from existing internal orientated innovation processes and structures.

I wanted to go way beyond just “open innovation” here, I wanted to provide a compelling set of reasons to make this move or accelerate this into reality.

Does this resonate with you? Are you moving along this journey of change seeing the reasons and lasting potential?

Unlocking the Full Potential of Innovation: Why an Innovation Ecosystem Outperforms Traditional Internal Innovation Structures and Systems

Innovation Ecosystems need you to engage and openly embrace?

Why engage in changing to Innovation Ecosystems

Following on from my last two posts related to recognizing the importance of Innovation Ecosystems we need to ask what makes these dynamic, interconnected and engaging, from a diverse groups perspective?

An innovation ecosystem becomes impactful and particularly effective in driving growth and value creation because it aims to leverage the collective strengths of its diverse participants to drive continuous innovation economic growth and societal progress- today’s dual need.

By fostering collaborations, by pushing to accelerate innovation cycles providing resilience, scalable options that address complex challenges, you can create sustainable benefits for all stakeholders involved. This becomes that interconnected and dynamic environment that offers a more widespread, equitable and long-lasting potential

Lets break down this view of Innovation Ecosystems even further

Moving from Open Innovation to Innovation Ecosystems

Building Innovation Ecosystems can tackle unique challenges

How do we differentiate (traditional) approaches of Innovation to (evolving) Innovation Ecosystems?

Is your innovation process closed only to you? Or have you gone to being more open in innovation with outside selected partners? Well we do need to move beyond both of these and start thinking and designing with Innovation Ecosystems.

I would argue we need to adapt to thinking and designing in Innovation Ecosystems. True differentiation comes from solving unique challenges in ways others will find difficult and expensive to attempt to replicate as it is the combined value, experience, diversity and knowledge within a network of partners that can be unique.

For me, innovation ecosystems in their ability to provide added value are important to recognize.

In recent years we have been moving away from open innovation but not at the accelerated rate I would have expected, taking this into Innovation Ecosystem design and thinking.

Buttons and Threads: A Modern Ecosystem Perspective

In today’s rapidly evolving digital landscape, the “buttons and threads” concept perhaps is a powerful metaphor for understanding and designing interconnected business ecosystems.

This updated perspective integrates technological advancements and business practices to illustrate how organizations can thrive in a network-centric world.

I was first introduced to the “Buttons & Threads” concept while working within one alliance I had in consulting while living in Singapore back in 2003. This concept was envisaged, in my view, before its time and ability to deliver due to the constraints of not having technology sufficiently capable and developed to be scaled and connected up, to fully gain the value that this concept offered from an Ecosystem perspective.

The Dynamic Ecosystem lies at the core of the Interconnected Business Ecosystem Model

The Concept for a Dynamic Ecosystem as the Core to the Interconnected Business Ecosystem framework has been a slower realization than I had initially recognized.

In some ways this is the most important post, to date, on the extending out of the Interconnected Business Ecosystem framework. I wrote a post explaining out the shifts that have been taking place in this evolutionary process but I fell into the trap of keeping this as a linear sequence process and it simply is not.

It is the dynamics within the system that brings Dynamic Ecosystems into the core, representing its “nerve center” in an environment that is constantly pulsating, ever-changing, that feeds and reacts to the surrounding Ecosystem layers of Innovation, Entrepreneurial/Start-up, Business and Enterprise Ecosystems.

Lets build this explanation further on why Dynamic Ecosystems are so important and central to this Ecosystem approach.