Entrepreneurship and strategic thinking in business ecosystems
AbstractSuccess 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.
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Bibliographic InfoArticle provided by Elsevier in its journal Business Horizons.
Volume (Year): 55 (2012)
Issue (Month): 3 ()
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Web page: http://www.elsevier.com/locate/bushor
Business ecosystem; Entrepreneurship; Strategic thinking; Innovation;
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Hanna, Richard & Rohm, Andrew & Crittenden, Victoria L., 2011. "We're all connected: The power of the social media ecosystem," Business Horizons, Elsevier, vol. 54(3), pages 265-273, May.
- Brush, Candida G., 2008. "Pioneering strategies for entrepreneurial success," Business Horizons, Elsevier, vol. 51(1), pages 21-27.
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