Strategy in the Ecosystem Economy with Michael Jacobides, LBS Professor, Advisor and Keynote Speaker

[@PartnerInsight]

Mentioned articles by Michael G Jacobides: HBR article: hbr.org/2019/09/in-the-ecosys... MIT Sloan Management Review article: sloanreview.mit.edu/article/t... On ecosystems and egos: www.london.edu/think/on-ecosy...

[@rkirsanov]

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[@PartnerInsight]

📍 In this episode: 0:00 - Preview and intro 0:50 - What is the Ecosystem economy 1:30 - Emergence of dominant Ecosystem orchestrators 2:30 - Three drivers of Ecosystem economy 5:00 - Ecosystems vs alliances, partnerships and joint ventures 6:00 - Ecosystem example: Volkswagen autonomous mobility 7:00 - How to start thinking about Ecosystem? “LeBron James challenge” 8:00 - How to select your ecosystem strategy - from participation to orchestration 10:00 - ECO-systems vs EGO-systems 12:40 - 3 myths of ecosystem thinking 13:30 - Open versus closed ecosystem 14:30 - Strategically closed ecosystems 16:40 - Google example of building strategically opened ecosystem 19:00 - Key questions for defining ecosystem strategy 20:00 - Longevity of ecosystems 21:00 - Why ecosystems will change significantly 22:00 - Challenges to create Network Externalities (#networkeffects) in Uber, WeWork 23:00 - Drivers of new ecosystem entrants

[@rushipatel7786]

who are orchestrators ?

[@PartnerInsight]

"These firms that set out the parameters within which you can operate, and which you need to adhere to, in order to be part of a group". Companies like Meta, Apple, Salesforce and Slack are orchestrators, because they create ecosystems around them. Check the transcripts here: www.partnerinsight.io/post/strategy-in-the-ecosystem-economy