PassionIT News

To retain market leadership, CEOs seeking to accelerate innovation in their organizations often find themselves at a crossroads: They must decide whether to build, buy, or partner. In response, a growing number of CEOs are embracing ecosystem business models—and with good reason.

Ecosystems make up an average of 13.7% of the annual revenue of organizations using at least one ecosystem business model, according to a recent EY study, as well as driving 12.9% in cost reduction and generating 13.3% in incremental earnings. Beyond the numbers, ecosystems offer organizations clear benefits, such as greater access to technical capabilities talent and assets.

https://hbr.org/sponsored/2023/03/4-actions-ceos-should-be-taking-to-drive-growth-with-their-ecosystem-strategy?dclid=CjgKEAjw8NilBhCCuOLqlo-5xU0SJACEQv8weEBDVe-yGtk6YFOyHblGhQ8Ak-m4rL-agx5YJHcH_PD_BwE