AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
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.
14:09
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- The interdependence within innovation ecosystems, comprising firms, suppliers, and customers, profoundly influences the creation and implementation of value in new technologies.
- Strategic decisions around vertical integration and collaboration are essential for managing challenges in supply chain dependencies throughout the innovation lifecycle.
Deep dives
Understanding Innovation Ecosystems
Innovation is shaped by a network of interdependent players, which include the focal firm, suppliers, complementors, and customers. This interconnected web, termed an innovation ecosystem, illustrates how various entities rely on each other to create value. Ron Adner and Rahul Kapoor's framework emphasizes that the challenges associated with components and complements can significantly impact a company's success. Their research reveals that understanding the location of these challenges is crucial because they influence how innovations are developed and implemented within the ecosystem.
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode