{"id":11671,"date":"2022-08-29T09:16:53","date_gmt":"2022-08-29T14:16:53","guid":{"rendered":"https:\/\/flevy.com\/blog\/?p=11671"},"modified":"2022-08-29T09:16:53","modified_gmt":"2022-08-29T14:16:53","slug":"adaptive-innovation-ecosystem-strategy","status":"publish","type":"post","link":"https:\/\/flevy.com\/blog\/adaptive-innovation-ecosystem-strategy\/","title":{"rendered":"Adaptive Innovation Ecosystem Strategy"},"content":{"rendered":"

\"\"When new technologies and competitors disrupt markets<\/a>, numerous organizations struggle to keep up using arcane Business Models, strategies, technologies, and practices.\u00a0 Most likely reason is that they are inadequately prepared to develop new products<\/a> and services amidst uncertainty.<\/p>\n

Situations like this stimulate some organizations to partner with others.\u00a0 Fruitful partnerships comprise of having the appropriate people, processes, and organizational backing\u2014in other words a whole ecosystem.<\/p>\n

Partnering with complementary organizations in order to create an Innovation Ecosystem<\/a> radically improves an organization\u2019s competitive or technological strength.<\/p>\n

Setting up the correct type of Innovation Ecosystem is key<\/a> in order to guarantee success and to detect and manage sources of conflict.<\/p>\n

The Centralized Innovation Ecosystem is the most commonly used system across the globe. \u00a0Key characteristics of this Innovation ecosystem include company acting as a Broker or Hub, creating separate relationships with each involved entity, entities involved not interacting with each other directly rather via the Broker.<\/p>\n

Centralized Ecosystem Strategy hinges on containing precise, distinct problems and solutions.\u00a0 It is successful in mature industries.<\/p>\n

In many situations, the conventional approach for Innovation Ecosystem Strategy development does not work.<\/p>\n

The Adaptive Innovation Ecosystem is suited better for environments<\/a> where requirements are fuzzy or industries are still maturing and need collaborations.\u00a0 Adaptive Innovation Ecosystem has the company acting as an Orchestrator, connecting entities that work together directly.<\/p>\n

Adaptive Ecosystem Strategies are appropriate for circumstances where the problem and the solution are indeterminate or still being categorized.\u00a0<\/strong><\/p>\n

Research on how companies create value from partnerships and Innovation Ecosystems has been on-going for more than 15 years.\u00a0 Findings of this revolutionary research suggest that implementing an Adaptive Ecosystem Strategy necessitates utilizing the following 6-phase approach.<\/p>\n

    \n
  1. Define the area of exploration.<\/strong><\/li>\n
  2. Find and attract the right partners.<\/strong><\/li>\n
  3. Connect uncommon partners.<\/strong><\/li>\n
  4. Connect the partners into an ecosystem.<\/strong><\/li>\n
  5. Leverage opportunities to transform.<\/strong><\/li>\n
  6. Allow partnerships to be flexible.<\/strong><\/li>\n<\/ol>\n

    \"\"<\/a><\/strong><\/p>\n

    Let us delve a little deeper into details of the first 3 phases of this approach.<\/p>\n

    Define the Area of Exploration<\/strong><\/h2>\n

    Adaptive Innovation Ecosystems are deployed where the environment is ambiguous.\u00a0 It is, therefore, logical that the first step in an Adaptive Ecosystem Strategy should be to define the area that needs exploration.<\/p>\n

    After defining the area to explore, the problem can be analyzed in detail and refined<\/a>, as comprehension regarding the prospect evolves.<\/p>\n

    Find and Attract the Right Partners<\/strong><\/h2>\n

    In order to develop an Adaptive Innovation Ecosystem, it may be necessary for the Orchestrator to look beyond its industry to find partners.\u00a0 It may have to use unconventional ways of attracting them.<\/p>\n

    Experience has shown that partnering with uncommon entities have resulted in some of the most effective Adaptive Innovation Ecosystems Strategies.<\/p>\n

    Partnering entities are, at times, on the outer fringes of the industry or even outside the industry in which the said company operates.\u00a0 Challenge in this phase is ascertaining the competences needed for Innovation.<\/p>\n

    Connect Uncommon Partners<\/strong><\/h2>\n

    Centralized Innovation Ecosystems often operate on the basis that keeps partners separate from one another.\u00a0 Effectiveness of Adaptive Innovation Ecosystems is contingent on direct collaboration among partners.\u00a0 Orchestrators play the part of bringing these uncommon partners together.\u00a0 Bringing together uncommon partners can be demanding as many of the partners have never worked with one another.\u00a0 Also, there are few models for such collaboration.<\/p>\n

    Companies that have worked in Adaptive Ecosystems have come to the conclusion that, intrinsically, group effort do not go along a fixed pattern.<\/p>\n

    Interested in learning more about all the phases of Adaptive Innovation Ecosystem Strategy development?\u00a0 You\u00a0can download\u00a0an editable PowerPoint on Adaptive Innovation Ecosystem Strategy<\/strong> here\u00a0<\/a>on the\u00a0Flevy documents marketplace<\/a>.<\/p>\n

    Do You Find Value in This Framework?<\/h2>\n

    You can download in-depth presentations on this and hundreds of similar business frameworks from the\u00a0FlevyPro Library<\/a>.\u00a0 FlevyPro<\/a> is trusted and utilized by 1000s of management consultants and corporate executives.\u00a0 Here\u2019s what some have to say:<\/p>\n

    \u201cMy FlevyPro subscription provides me with the most popular frameworks and decks in demand in today\u2019s market.\u00a0 They not only augment my existing consulting and coaching offerings and delivery, but also keep me abreast of the latest trends, inspire new products and service offerings for my practice, and educate me in a fraction of the time and money of other solutions.\u00a0 I strongly recommend FlevyPro to any consultant serious about success.\u201d<\/p>\n

    \u2013 Bill Branson, Founder at Strategic Business Architects<\/p><\/blockquote>\n

    \u201cAs a niche strategic consulting firm, Flevy and FlevyPro frameworks and documents are an on-going reference to help us structure our findings and recommendations to our clients as well as improve their clarity, strength, and visual power.\u00a0 For us, it is an invaluable resource to increase our impact and value.\u201d<\/p>\n

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    \u201cFlevyPro has been a brilliant resource for me, as an independent growth consultant, to access a vast knowledge bank of presentations to support my work with clients.\u00a0 In terms of RoI, the value I received from the very first presentation I downloaded paid for my subscription many times over!\u00a0 The quality of the decks available allows me to punch way above my weight \u2013 it\u2019s like having the resources of a Big 4 consultancy at your fingertips at a microscopic fraction of the overhead.\u201d<\/p>\n

    \u2013 Roderick Cameron, Founding Partner at SGFE Ltd<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

    When new technologies and competitors disrupt markets, numerous organizations struggle to keep up using arcane Business Models, strategies, technologies, and practices.\u00a0 Most likely reason is that they are inadequately prepared to develop new products and services amidst uncertainty. Situations like this stimulate some organizations to partner with others.\u00a0 Fruitful partnerships comprise of having the appropriate… Adaptive Innovation Ecosystem Strategy<\/span><\/a><\/p>\n","protected":false},"author":110,"featured_media":11677,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","footnotes":""},"categories":[81],"tags":[2997,2,2999,2998,340,388],"class_list":["post-11671","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-strategy","tag-ecosystems","tag-innovation","tag-innovation-ecosystem-strategy","tag-innovation-ecosystems","tag-innovation-strategy","tag-strategy-2"],"_links":{"self":[{"href":"https:\/\/flevy.com\/blog\/wp-json\/wp\/v2\/posts\/11671","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/flevy.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/flevy.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/flevy.com\/blog\/wp-json\/wp\/v2\/users\/110"}],"replies":[{"embeddable":true,"href":"https:\/\/flevy.com\/blog\/wp-json\/wp\/v2\/comments?post=11671"}],"version-history":[{"count":12,"href":"https:\/\/flevy.com\/blog\/wp-json\/wp\/v2\/posts\/11671\/revisions"}],"predecessor-version":[{"id":11693,"href":"https:\/\/flevy.com\/blog\/wp-json\/wp\/v2\/posts\/11671\/revisions\/11693"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/flevy.com\/blog\/wp-json\/wp\/v2\/media\/11677"}],"wp:attachment":[{"href":"https:\/\/flevy.com\/blog\/wp-json\/wp\/v2\/media?parent=11671"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/flevy.com\/blog\/wp-json\/wp\/v2\/categories?post=11671"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/flevy.com\/blog\/wp-json\/wp\/v2\/tags?post=11671"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}