Abstract
Success in business ecosystems that include well-established companies and new ventures requires collaboration and competition, a task that demands strategic thinking to leverage a firm's resources and capabilities. Strategic thinking and the entrepreneurial activities in an ecosystem influence one another in a cycle that perpetuates and even sparks innovation. These interactions vary significantly across four types of business ecosystems-Orchestra, Creative Bazaar, Jam Central, and MOD Station-and determine the success and failures of new ventures and established companies. The nature and effect of the dynamic interactions in a business ecosystem can have profound implications for organizational success.
Original language | English (US) |
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Pages (from-to) | 219-229 |
Number of pages | 11 |
Journal | Business Horizons |
Volume | 55 |
Issue number | 3 |
DOIs | |
State | Published - May 2012 |
Keywords
- Business ecosystem
- Entrepreneurship
- Innovation
- Strategic thinking