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
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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
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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
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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
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5
Q

3D Printing Ecosystem

What are the core actors and what happened over time?

A
  • Evolved 199520052015
  • Core actors: OEMs, material suppliers, service providers, customers
  • Over time, new peripheral products and services emerged
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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
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7
Q

Ecosystem Questions

A
  • Which elements are needed?
  • What rules govern interactions?
  • Ecosystem design is about balancing centripetal & centrifugal forces
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