The benefits of participating in cross-sector innovation ecosystems

July 19, 2023Posted inBusiness Ecosystem Understanding, cross-sector collaborations, Ecosystems, Innovation Ecosystems, Knowledge Ecosystems, Network & Collaborating Effects, Value Creation Dynamics, Value Designing
The Benefits of Participating in Cross-Sector Innovation ecosystems

I can remember getting completely “hooked” on Business Ecosystems by a series from Deliottes and one specific report, introduced and coordinated by Eamonn Kelley, with many contributors including Kelly Machese, Anna Muoio, John Hagel, and Larry Keeley. It was called “Business ecosystems come of age” and maybe it did not change my life, but it gave it a clearer focus- innovation ecosystems. Take a read, it is well worth it, its value then, 2015 has only matured in my mind.

I was also looking at another great piece by Deloitte on tapping into the Silicon Valley innovation ecosystem under a report called “How to Innovate the Silicon Valley Way” that came out in 2016. Another great motivation for focusing on innovation ecosystems.

One question asked in the Silicon Valley piece was “Why should enterprises give up transactional approaches in favor of dynamic, ecosystem-led innovation?

Today I would reverse that question “Why would any company still be locked into transactional approaches only functioning on its own resources?”

Today the struggle is to deal with increasing complexity, undoing the “knot” of difficult challenges and these cannot be undone or solved without collaborations outside one organization’s walls. We need to push this even further and totally accept that the hardest but best collaborations come from being involved in cross-industry or sector innovation systems.

Unlocking the Power of Innovation Ecosystems: A Pathway to Sustained Growth and Impact

June 9, 2023Posted inBusiness Ecosystems, cross-sector collaborations, Innovation Ecosystems, Knowledge Ecosystems, Network Effects, Value Creation Dynamics4 Comments

Introduction: Innovation ecosystems have emerged as powerful catalysts for driving transformative change and fostering collaborative solutions in today’s complex and interconnected business landscape.

As organizations open up their thinking and embrace ecosystem approaches, they experience a profound shift in perspective, recognizing the value of diverse partnerships and the need for new management models.

I have written about the value of innovation ecosystems in thinking and design. Over a series of posts, this has built up different arguments or points of value.

Here I am attempting to summarize my thinking today.

I have put them into two parts, both shared here; each highlights a different emphasis on the value of innovation ecosystems but has several cross-over points, seen in different ways.

Cross-sector collaboration for Innovation Ecosystems- summary of summaries

May 12, 2023Posted inBusiness Ecosystem Understanding, cross-sector collaborations, Innovation Ecosystems, Knowledge Ecosystems, Network & Collaborating Effects, Sustainability, Value Designing

I wrote a four part series on cross-sector innovation ecosystems in April and I felt it was worth summarizing these into one, so I engaged my new office partner, ChatGPT to deliver this in a series of summaries. I can’t argue with these and decided to post these as a valuable initial referencing point on a growing area of organization need, in cross.-sector collaborations innovation ecosystem thinking.

The four-part series on cross-sector innovation ecosystem collaborations emphasizes the importance of collaboration in tackling complex challenges. The series discusses the skills, tools, and processes required for successful cross-sector collaborations, including interdisciplinary thinking, co-creation processes, project management, cultural competence, intellectual property management, and data analytics and visualization tools.

Specific skills and toolkits are needed for cross-sector innovation ecosystem collaborations.

April 7, 2023Posted inBusiness Ecosystem Understanding, cross-sector collaborations, Customer Seamless Experiences, Industrial Ecosystems, Innovation Ecosystems, Knowledge Ecosystems, Network & Collaborating Effects, Value Designing1 Comment

This month I am completing a series on cross-sector innovation ecosystem collaborations. This is the second post that I am sharing here on my dedicated ecosystem thinking site and also through my paul4innovating posting site, which has different audiences to discuss this with.

For me, cross-sector collaborations are becoming essential to our future in tackling highly complex challenging issues that need collaborative resolution

Cross-sector innovation ecosystem collaborations do have real differences and I am to draw these out and my aim is to draw these out in this series.

Specific skills and toolkits are needed for cross-sector innovation ecosystem collaborations.

April 6, 2023Posted inBusiness Ecosystem Understanding, cross-sector collaborations, Customer Seamless Experiences, Industrial Ecosystems, Innovation Ecosystems, Knowledge Ecosystems, Network & Collaborating Effects, Value Designing1 Comment

This month I am completing a series on cross-sector innovation ecosystem collaborations. This is the second post that I am sharing on both my dedicated ecosystem thinking site and also through my paul4innovating posting site, which has different audiences to discuss this with.

For me, cross-sector collaborations are becoming essential to our future in tackling highly complex challenging issues that need collaborative resolution.

Cross-sector innovation ecosystem collaborations do have real differences and my aim is to draw these out in this series.

Cross-sector innovation ecosystem collaborations

April 4, 2023Posted inBusiness Ecosystem Understanding, cross-sector collaborations, Industrial Ecosystems, Innovation Ecosystems, Knowledge Ecosystems, Network & Collaborating Effects, Value Creation Dynamics2 Comments

Collaborations form the essence of discovery, relationships, innovation and new knowledge exchange.

As we move increasingly towards more open innovation hubs and increased ecosystem management the recognition is that many of the challenges and problems have not just become too complex to tackle alone, or even in a single industry but require cross-sector innovation (ecosystem designed) collaboration (CSIC) in consortia-developed approaches.

Sharing in collaborative arrangements enables the potential for improved operational productivity, and shared application development, tapping into a wider ongoing customer engagement and skill enhancements for all involved to gain from.

When you begin to evaluate cross-sector collaborations, the potential in building out initiatives that can only be achieved with a diversity of partners, different industry entities and drawing in the varied business networks get recognized.

In a series of posts, both shared on my dedicated ecosystem thinking site and also through this, my paul4innovating posting site, which has different audiences to discuss this with.

For me, cross-sector collaborations are becoming essential to our future in tackling highly complex challenging issues that need well-organized and coordinated collaborative resolution

Yet we have to be careful as cross-sector innovation collaborations do have differences and can be complicated. I hope this post series helps in your thinking about these cross-sector collaborations

Future industry ecosystems will be highly collaborative and adaptive.

March 6, 2023Posted inBusiness Ecosystem Understanding, Business Ecosystems, Ecosystems, Industrial Ecosystems, Innovation Ecosystems, Knowledge Ecosystems, Network & Collaborating Effects, Network Effects, Sustainability, Value Creation Dynamics
Future connected industry ecosystems will be highly collaborative

Seizing breaking opportunities, dealing with disruptions, and delivering on more demanding customer needs are raising the complexity of managing today in our business environments.

The growing recognition is the need to build flexible ecosystems; of partners where access to a diverse on-demand set of talent, knowledge, expertise, resources and capabilities needs a broad approach in today’s world to meet these complex challenges they seem to multiply daily.

In thinking and design, ecosystems offer a different growth path and stability than the previous “go it alone”. Engagements with partners can offer shared data, new, fresh insights, the ability to share costs, shared operation experiences, and expertise to help build new approaches to more ‘connected’ collaborative innovation.

Ecosystems need re-stating for business. Are they real ecosystems?

February 20, 2023Posted inBusiness Ecosystems, Ecosystems, Industrial Ecosystems, Innovation Ecosystems, Knowledge Ecosystems, Network & Collaborating Effects, Sustainability, Value Creation Dynamics
Ecosystems – the need to be re-stated for Business

What are the significant differences between Natural and Business Ecosystems? I wanted to look at this and make some observations and comparisons. Firstly what we seem to get wrong in many labelling of business ecosystems, where sustainability fits, and then attempting to show apparent differences between Natural and Business Ecosystems needs a greater appreciation of differences.

We label far too much as Business Ecosystems.

Applying the label of “Ecosystems” to everything degrades the understanding of its true intent. Ecosystems need to be appreciated as vital and recognized as radically different in how they function and operate.

We call something an “ecosystem, ” which simply provides a rubber stamp of being politically correct, showing the day’s currency, and trying to represent what this means provides additional value or impact. Ecosystem thinking and design are fundamental challenges to how existing organizations go about their business.

Many businesses are claiming “ecosystem” but are, in fact, extending their present, established open innovation activities and placing a greater emphasis on open networking to seek out diverse ideas. This extension alone is not new Ecosystem thinking or design; it is existing thinking.

Leveraging the core of what we already have

February 3, 2023Posted inBusiness Ecosystems, Ecosystems, Knowledge Ecosystems, Network & Collaborating Effects, Sustainability, Value Creation Dynamics, Value Designing
The need to leverage our existing core first in any change

Embracing our core and leveraging these to the best of our abilities is a great place to start undertaking and preparing organizations for necessary change. This begins a journey so it is not simply efficiency we are looking for but achieving a much higher level of effectiveness to be ready to make changes ahead less disruptive.

Do you really know your capabilities, competencies and capacities?

In most cases, an organisation has a capable, familiar core – and improving the performance of this core will contribute a significant value at a lower cost and faster than introducing new tools, but the need is to understand the how, where and what.

Existing tools don’t often require being replaced by new technologies, but knowing the data flow and having greater analytics needs changing, updating and improving. Changing and improving existing processes can be much faster than introducing new approaches and tools requiring new skills.

Is this the early adopter stage for shifting towards a new Ecosystem design? Build on what you have first and then make a staged, purposeful move towards a change that is transformational, partly gained from learning from the existing first.

Discussing with ChatGPT about Business Innovation Ecosystems, their value and progress

February 1, 2023Posted inBusiness Ecosystems, Ecosystems, Industrial Ecosystems, Innovation Ecosystems, Knowledge Ecosystems, Network & Collaborating Effects, Platforms, Value Creation Dynamics, Value Designing
ChatGPT supports extracting human knowledge through AI learning

I decided to find out what ChatCPT had as “thoughts” on both Business and Innovation Ecosystems. So in a short set of questions, these were the replies.

I have focused on Ecosystems and technology Platform understanding since 2016. I have written much of my learning here on this posting site. So far, these insights have built over 100 posts on related subjects or side issues with different degrees of influence over understanding ecosystems and platforms in their design structures and how to build them.

Business Ecosystem understanding is still emerging in the collective understanding of many business organizations. I hope, by default, they do not revert to small experiments unless in a very selective and focused way to understand certain parts of the differences that ecosystems bring.

These chats with ChatGPT are not bad; they provide a good sense of the logical structure and value of Ecosystems that I wanted to share here as a good starting point or reference for those looking to understand some of the basics around business and innovation ecosystems.