04 Flashcards
(11 cards)
Front
Back
What is the definition of an ecosystem in the context of digital transformation?
Ecosystem: Alignment structure of a multilateral set of partners that need to interact for a focal value proposition to materialise.
What is the main characteristic of ecosystems in platform-driven environments?
Platforms strive to establish ecosystems with strong network effects and a focus on gaining control.
What differentiates classic disruption from ecosystem disruption?
Ecosystem disruption involves the convergence of industries and moving from single products to cross-industry solutions.
What is the principle of ‘Minimum Viable Ecosystem’?
Minimum Viable Ecosystem: The smallest configuration of ecosystem actors needed to deliver a value proposition.
What are some key principles for building ecosystems?
- Minimum Viable Ecosystem
- Staged expansion
- Ecosystem carryover
What is an example of an ecosystem built around a product?
Amazon Alexa: A case study on how Amazon built an ecosystem around Alexa, focusing on network effects and control.
What does ‘ecosystem through convergence’ mean?
It refers to the transition from individual products to systems of systems.
What elements contribute to a value proposition in an ecosystem?
- Product architecture
- R&D
- Supply chain
- Revenue model
- Customer problem
How does the case of Hilti illustrate ecosystem building?
Hilti’s ecosystem integrates hardware, software, and customer contributions to solve specific ‘jobs to be done’.
What is a key feature of ecosystems in disrupted industries?
Ecosystems in disrupted industries often feature cross-industry solutions and focus on systems integration.
