A business ecosystem is a complex and dynamic network of interrelated and interdependent organizations that co-evolve and collaborate to create and deliver value for customers and end-users. It is a holistic approach to business that recognizes the importance of collaboration and interdependence in creating value. A business ecosystem typically consists of a core firm or platform, complementors, suppliers, distributors, and customers, as well as other actors such as regulators, competitors, and influencers. These actors interact with each other in a complex web of relationships that are constantly evolving and adapting to changes in the environment.
A business ecosystem can span across multiple industries and markets, and can be shaped by various factors such as technology, innovation, and customer preferences. It is a dynamic and ever-changing system that requires constant attention and adaptation to remain relevant and effective. A successful business ecosystem is one that is able to create and capture value for all its participants, while also delivering value to customers and end-users.
