Section11 Flashcards
1
Q
Innovation Ecosystem
don’t define, describe it
A
- Group of autonomous firms and individuals
- Interdependence adds value beyond individual parts
- Requires management of modularity, standards, and platforms
2
Q
Complementarity
A
- Different elements become more valuable when combined
- Total value exceeds sum of individual parts
- Can appear in varied forms and complexities
3
Q
From Products to Platforms
A
- Platforms act as a foundation for broader ecosystems
- Firms assume they can design and control their environment
- Reality: ecosystems often escape complete firm control
4
Q
What are the three types of ecosystem risk?
A
- Initiative risk: Managing focal project
- Interdependence risk: Coordinating with complementary innovators
- Integration risk: Adopting solution across the value chain
- Complexity can grow n2 times with more ecosystem actors
5
Q
3D Printing Ecosystem
What are the core actors and what happened over time?
A
- Evolved 1995 → 2005 → 2015
- Core actors: OEMs, material suppliers, service providers, customers
- Over time, new peripheral products and services emerged
6
Q
3D Printing Challenges (1995–2015)
A
- 1995: Reliability and basic functionality
- 2005: Boosting performance & forging supplier relationships
- 2015: Aligning ecosystem elements and forward integration
7
Q
Ecosystem Questions
A
- Which elements are needed?
- What rules govern interactions?
- Ecosystem design is about balancing centripetal & centrifugal forces