unlock value with business ecosystem analysis
DESCRIPTION
An business ecosystem is a system of interdependent entities that depend on each other to survive. Most companies only focus on their direct customers and competitors. However, mapping out in what ecosystem they operate, companies can find new opportunities where they offer their products and services since they understand their ecosystem better.TRANSCRIPT
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Unlocking value withEcosystem analysis
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Ecosystem
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Ecosystem
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Ecosystem
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Ecosystem
A business ecosystem is a dynamic structure of interconnected organizations that depend on each other for mutual survival.
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Ecosystem: Entities
• Individuals: Funder, Sponsor, Lawyer, …
• Groups: Marketing team, Engineering departments, …
• Providers: Vendords, contractors, suppliers, …
• Customers: End users, clients, resellers, …
• Organization: Industry analyst, media outlets, …
Entity
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Ecosystem: Transactions
• Transactions are exchanges between entities in an ecosystem• Can be tangible• Mandated by the system• Required for successful product or service delivery
• Extra activities• Not mandated by the system• Provided in order to share knowledge, accelerate progress or smooth delivery• Called intangible
Tangible Deliverable
Intangible Deliverable
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Ecosystem: Value networks
• A set of roles and interactions that generate a specific business, economic or social good
• F.e.
• Equipment repairs in a electrical utility• Medicare system• Property & casualty insurance
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Mapping your Business Ecosystem
Roles
• List at least 15 roles played in your ecosystem.• Don’t worry about specifics; Focus on types
Get specific
• Write down some specific examples of each role• Jog your thinking when you return to the map in the future.
Draw
roles
• Start by drawing one circle for each role on your map• Make sure there’s enough room between them• You may wish to space those that you believe have more interaction closer
together
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Mapping your Business Ecosystem
Tell the
story
• Tell the story of how roles interact in the ecosystem• Start with the customer• Draw arrows between entities to show the flow of transactions
Analyze your ecosystem
• Look at your ecosystem map and analyze what you see.
Use your
ecosystem map
• Orienting new employees to your company / department• Demonstrating the value of a potential partnership to others in your company or ecosystem• Giving you a quick view of the environment you need to monitor for disruptive changes and
opportunties
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Ecosystem Map
Innovator FirmMarket
Competing Innovator
Complementor
Competing Innovator
Supplier
Technology Supplier
Tech
nolo
gy
Product Part
Product Part
License to Produce
Product CProduct B
Com
plem
enta
ry
Prod
uct/S
ervi
ce to
Prod
uct A
Product A
Relation
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Business model
A Business Model spells out the core logic through which the firm creates and captures value from its ecosystem analysis.
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Value proposition & ecosystem surplus
Innovator FirmMarket
Competing Innovator
Complementor
Competing Innovator
Supplier
Technology Supplier
Tech
nolo
gy
Product Part
Product Part
License to Produce
Product CProduct B
Com
plem
enta
ry
Prod
uct/S
ervi
ce to
Prod
uct A
Product A
Relation
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Business logic within the ecosystem
• Plot the ecosystem of roles relevant to your company
• Conduct a use case analysis of your opportunity within this ecosystem
• Understand how your opportunity creates customer and producer surplus in the ecosystem
• Pain points relevant to your opportunity• Leverage potential
• Iterate until you have a business model for your opportunity that• Maximizes value created in the ecosystem• Maximizes value captures for your company• Deals with the roles’ pain points• Leverage the players that are willing to use their power to speed up the
opportunity adoption
• Have a business model roadmap
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Identify compelling market opportunity
Identify customer pain points
Assess how many suffer from this pain
Define the willingness to pay for pain relief
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Manage the roadmap
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Backup
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Question to guide during analysis
• How much reciprocity is there between roles?
• Are some roles giving much more than receiving?
• Are others receiving more than they’re giving?
• Do specific roles provide resources, work, and/or sustenance for others?
• How dependent is your company on these roles?
• How stable are the companies that fill these roles?
• What part does your company play in the ecosystem?
• Does it provide a low-cost, commodity service that can easily be replaced by someone else?
• Does it fight for limited resources with many other companies?
• Does it set the pace for other entitiies?