Talking about Platforms Platform Classics: Towards a theory of ecosystems
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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.
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Ecosystem Perspectives
- The paper identifies three perspectives on ecosystems: business, innovation, and platform.
- These perspectives, while distinct, share a common foundation: modularity.
Lego Analogy
- Modularity is like building with Legos, where each brick is a self-contained unit.
- In business ecosystems, companies specialize in specific parts, like developing their own Lego bricks.
Complementarities
- Modularity sets the stage, but complementarities make ecosystems thrive.
- Complementarities occur when different parts enhance each other's value, like a camera and social media apps.