Publication Type

Journal Article

Version

publishedVersion

Publication Date

11-2023

Abstract

At a time when businesses must innovate quickly and in support of sustainability, "going it alone" is no longer the most effective or efficient model. Business ecosystems – networks of companies, researchers and other stakeholders each involved in a given value chain – offer an effective route to companies seeking not only to find new advantages, but to drive wider systemic change. When innovation takes place through ecosystems, often, the results are faster to diffuse through an industry or value chain. To address needs of the ecological transformation like the transition to clean fuels, this is exactly what is needed; it is no use having commercially viable and scalable sources of green hydrogen if there are no trucks ready to use the fuel, for example. This article outlines the characteristics of successful innovation ecosystems, and the practices and mindsets that business leaders must adopt to become "ecosystem leaders."

Keywords

Business ecosystems, innovation, diffusion, ecological transformation

Discipline

Operations and Supply Chain Management | Strategic Management Policy | Technology and Innovation

Research Areas

Operations Management

Publication

Field Actions Science Reports

Volume

2023

First Page

64

Last Page

67

ISSN

1867-139X

Publisher

Institut Veolia Environnement

Copyright Owner and License

Authors

Additional URL

https://journals.openedition.org/factsreports/7284

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