I recently wrote about business ecosystems, adaptability, and change leadership. This post takes us back to the basics: what are business ecosystems?
Business ecosystems are dynamic webs of interdependent organizations that rely on each other for success.
Traditional thinking envisions companies as rivals, battling each other for dominance and profit. Today’s organizations operate in a more complex world. They integrate competition and cooperation in innovative and unexpected ways and they need each other in order to survive.
James F. Moore, who coined the term, explains that business ecosystems include those we’ve always considered to be part of a corporation: those inside the organization’s walls plus distribution channels and direct suppliers.