High-Performing Ecosystems are the Most Effective Way to Successfully Navigate the Age of Disruption
Like technology, market dynamics are moving faster than ever and demand increased agility. Yesterday’s strategies are too slow and rigid.
Today’s industry leaders create competitive advantage by widening and deepening relationships with customers, suppliers, and other stakeholders. Ecosystem partners give them access to the information, capabilities, talent, and customers they need to innovate, but are less likely to do so on their own.
In order to achieve your goals, find your company’s place in a high-performing ecosystem.
In the past, influence came from the top of a hierarchy. In today’s world, that influence emanates from the center of ecosystems. You move towards the center by connecting out, while adding value to the ecosystem’s stakeholders. Innovation is too restricted in a top-down world. Game-changing innovation can come from anywhere.
Pendio plays the role of your ecosystem producer. We are responsible for managing the market play from start to finish. We activate and mobilize the ecosystem from the initial idea, to developing the value model, to enabling the platform and offering.
Ecosystems Are Critical to Your Growth
63% of CEOs will use
Ecosystems to disrupt their industry
When asked if they would leverage an ecosystem approach to either disrupt their industry or deal with external disruption, 5 of 8 CEOs said yes.
76% of CEOs believe Ecosystems are a major change agent in their industry
More than 3 of 4 CEOs believe their existing business model will be irrelevant within five years and that ecosystems will be a major driver for change.
84% of CEOs believe Ecosystems
are an important part of their strategy
When asked about key elements of strategic planning, more than 5 of 6 CEOs said that actively participating in, or forming their own ecosystem, was a top priority in their current growth strategy.
Three Types of Innovation Derived from High-Performing Ecosystems
Business Model Innovation
Your company can create new business models, offering new or improved value propositions to customers. Build your innovation network to create new products, services, and increased levels of customization.
Companies scale innovation by transforming one part of the ecosystem, then apply their findings and capabilities to other parts of the business.
Production System Innovation
You can expand your competitive advantage through enhanced customer experience, operational excellence and production system innovation.
Optimize your production system and increase your operations’ productivity and quality performance.
Talent Strategy Innovation
Increase your competitive advantage by implementing innovative talent strategies. The entire spectrum of Human Capital Management improves through talent strategy innovation.
Optimize your internal capabilities, and increase your talent pipeline through newly formed ecosystem collaborations.
— Ecosystems We Are Actively Curating —
TENxManufacturing Ecosystem (Wisconsin)
The TENxManufacturing Ecosystem enables high-performing manufacturers in Wisconsin to reach the next level of execution in the strategic growth of their business.
As many as 40% of Wisconsin’s 9,200 manufacturers will cease to exist in a meaningful way by 2030 - just ten years from now. It is not the largest companies, but the most adaptive ones that will survive. Business outcomes will vary more widely than ever and companies that are well prepared for this disruption will find tremendous market opportunities.