After the recent events like the pandemic and conflict in Europe, with supply chains still recovering and ebullient inflation, the economic outlook for businesses has become more challenging. We’ve seen the direct effects on businesses: (1) higher operational and capital costs; and (2) weaker demand as consumers rethink their spending patterns. A key question for business leaders: Is it possible to innovate to build resilience in an era where cheap money is no longer available? The answer: Yes. […]
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Re-building business resilience through creative innovation
Understanding how digital ecosystems are createdby Omar Valdez-de-Leon
Throughout the modern industrial era, industries have generally been organised as linear value chains, producing vertically integrated organisation, organised to control the entire value chain and achieve economies of scale, to create a competitive advantage. As digital technologies gain adoption, they enable new ways of organising how value is created. This transition to digital ecosystems is challenging. There is still limited knowledge of how these ecosystems are created, how they work and how organisations can best participate in such ecosystems. Drucker Forum 2019 This article is one in the “shape the debate” series relating to the 11th Global Peter Drucker Forum, under the theme “The Power of Ecosystems” taking place on November 21 & 22, […]
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