Topic 1 - Ecosystems

Question 1

Describe the differences between traditional markets and ecosystems

Answer 1

Orchestration - arrangement or managment of participants

Mutuality - shared goals and ideas

Question 2

Describe the impact of technology on traditional markets

Answer 2

Question 3

Describe 6 drivers of the digital revolution

Answer 3

Question 4

Describe the 3 reasons why changes in technology have created business ecosystems

Answer 4

Question 5

Describe how increasing technological sophistication has impacted on consumers

Answer 5

Question 6

Define business ecosystems

Answer 6

Question 7

Describe the concepts of “participants” & “interactions, in the context of business ecosystems

Answer 7

Question 8

What are the 2 characteristics which distinguish ecosystems from traditional markets?

Answer 8

Question 9

What are the 7 goals of business ecosystems?

Answer 9

Question 10

Describe the differences between direct & indirect value capture

Answer 10

Question 11

What are the 4 echosystem archetypes and how are they set out

Answer 11

Question 12

What are the 4 challanges to regulating ecosystems?

Answer 12

Question 13

What are the 4 stratgies organisations can pursue in maintaining competitive advantage in business ecosystems?

Answer 13