Talking about Platforms
Platform Classics: Towards a theory of ecosystems
Mar 21, 2025
Discover the intriguing concept of modularity in business ecosystems, likening it to a Lego structure where companies thrive as specialized units. Explore the dynamics of collaboration, interdependence, and strategic goals in ecosystem design. Dive into the competitive landscape of tech giants like Apple and Google, revealing how regulatory frameworks shape ecosystem interactions. Rethink strategy through an ecosystem lens, emphasizing collaboration over traditional resource-based views. Uncover the vital role of hub firms in balancing control and innovation for sustainable growth.
22:15
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Quick takeaways
- Ecosystem types such as business, innovation, and platform ecosystems differ significantly in their focus and interaction dynamics among stakeholders.
- Modularity is crucial in ecosystems, enabling specialization and decentralization, while value emerges primarily from the complementarities between different components.
Deep dives
Understanding Ecosystem Perspectives
The discussion highlights three key perspectives on ecosystems: business ecosystems, innovation ecosystems, and platform ecosystems. The business ecosystem is firm-centric, focusing on how a company interacts with its immediate environment. In contrast, the innovation ecosystem revolves around specific innovations and the network of actors involved in their development. Meanwhile, platform ecosystems, exemplified by companies like Google and Apple, center around a platform that facilitates interactions amongst various stakeholders, emphasizing the need for a clear understanding of these differing concepts.
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