Talking about Platforms Platform Classics: Value Creation in Innovation Ecosystems
Feb 21, 2025
Discover how innovation ecosystems function like biological systems, emphasizing the interconnectivity of firms, suppliers, and customers. Dive into the complexities of the semiconductor lithography industry and how component innovations drive competitive advantages. Explore the evolving dynamics of vertical integration as technology matures and learn how successful navigation of innovation ecosystems requires collaboration, early mover advantages, and a keen understanding of industry interdependencies.
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Innovation Ecosystems
- Innovation isn't solely about internal company actions.
- It involves a complex network of players, including suppliers, complementors, and customers.
Location of Innovation Challenges
- A company's success depends on where innovation challenges occur, not just their presence.
- Upstream component and downstream complement challenges are crucial.
Semiconductor Lithography
- The study focused on the semiconductor lithography equipment industry.
- This industry highlights the tech behind computer chips.