How to Compete When Industries Digitize and Collide: An Ecosystem Development Framework

Jacobides, M G (2022) How to Compete When Industries Digitize and Collide: An Ecosystem Development Framework. California Management Review, 64 (3). pp. 99-123. ISSN 0008-1256 OPEN ACCESS

Abstract

As industry boundaries dissolve and digitalization grows apace, ecosystems are becoming increasingly important. Yet for all the excitement and Big-Tech envy, there is little guidance for how to create ecosystems. How should a firm best engage? Should it become a partner to someone else’s ecosystem, or build its own? Should it focus on a broad range of digitally connected services, or narrow down? How should we think about ecosystem value proposition, governance, and complementor choice? And, what is the case for investment in ecosystems? Drawing on recent research and projects with leading firms, this article offers a framework for understanding, engaging in, and building business ecosystems.

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Item Type: Article
Subject Areas: Strategy and Entrepreneurship
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This article is distributed under the terms of the Creative Commons Attribution 4.0 License https://creativecommons.org/licenses/by/4.0/ which permits any use, reproduction and distribution of the work without further permission provided the original work is attributed as specified on the SAGE and Open Access pages https://us.sagepub.com/en-us/nam/open-access-at-sage.

Date Deposited: 04 Apr 2022 08:41
Date of first compliant deposit: 04 Apr 2022
Subjects: Corporate strategy
Strategic planning
Strategic alliances
Last Modified: 04 May 2022 05:54
URI: https://lbsresearch.london.edu/id/eprint/2331
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