Ecosystem Participants And Dynamics

Question 1

Aim of analysis of operating environment

Answer 1

To gain an increased understanding that facilitates more effective decision making.

Question 2

Building relationships with suppliers and customers require

Answer 2

Trust

Question 3

What does building trust require?

Answer 3

Building trust require the organization to act ethically and to deliver on promises made. Doing the bare minimum to comply with the laws and regulations is legal but if actions are perceived by society as unethical, the loss of trust is likely to hinder long term value creation.

Question 4

Two critical elements of the CGMA Business Model Framework

Answer 4

1. Networks- society and market

2/ Enablers- technology and risk and opportunity