Published: 06 April 2022
Organizations often find it difficult to decide whether new capabilities should be acquired, built internally or built with ecosystem partners. This research helps strategy leaders analyze the pros and cons of innovating by building capabilities with ecosystem partners’ help.
Innovation ideation and execution are often viewed as internal capabilities.
The distinction between a traditional supplier or client partner and an ecosystem partner is not well understood.
Enterprises seek ecosystem partners to accelerate innovation without proper due diligence when their internal innovation activities do not get off the ground.
Strategy leaders assessing capability development pathways should:
Evaluate and rate the ecosystem-run innovation approach by comparing components such as speed to market, market reach, reputation, ease of funding, risks, benefits, culture and talent.
Analyze the business context, ability and ambition of the innovation to determine which innovation approach is preferred.
Assess and decide
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Corporate Strategy Research Team
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