The most central question for any business today may be the following: “To what extent does delivering value to your end-user involve the collaboration of multiple partners in your ecosystem?”
Four Principles for Competing within Ecosystems Read More »
Why do companies exist? British economist Ronald Coase’s 1937 Theory of the Firm tells us that the existence of a firm is necessary when the costs of managing coordination internally are less than the transaction costs in the external marketplace.
Will Individual Companies Exist 50 Years From Now? Read More »
For an organization, selecting which business ecosystem to participate in carries weighty consequences. It can shape the core of your identity and lead to a leap in competitiveness if you do it well.
Switch Your Ecosystem Read More »
The nature of competition in business is changing. What has historically consisted of company-to-company rivalry has evolved into a struggle between competing ecosystems to gain supremacy. Business ecosystems consist of two or more partner companies who agree to combine their assets, capabilities, markets, and talent pools to create and deliver new value.
Ecosystems in Business: Where to Start with Tiffani Bova Read More »
Earlier this month, The Outthinker Strategy Network hosted futurist Faith Popcorn as a roundtable guest. Faith joined our community of chief strategy officers and executives to talk about trends that will have the biggest impact this year and over the next decade.
10 Questions Strategy Officers Asked a Foremost Futurist Read More »
The other night, heading home from the office before a wintry mix was scheduled to begin, I stopped by the grocery store to pick up a few things. I grabbed some fresh necessities: a red bell pepper, a bag of onions to use in cooking this week. In the refrigerated section, I stopped short. Did
The Metaverse is Here: What Does it Mean for Your Strategy? Read More »
At Outthinker, we are fortunate to work with an incredible group of chief strategy officers of $1B+ companies that we call the Outthinker Strategy Network. Strategy officers are known for their keen ability to recognize macro trends, new business models, and shifting customer needs across the scope of their entire organization and translate long-term vision
The Top 5 Topics on CSO Minds as We Close Out the Year Read More »
To keep up with today’s rapid pace of disruption, every company feels the pressure to innovate. Most of them, when trying to shift to an innovative culture, feel like they have to pursue brand new ideas. But when I was recently invited to judge an innovation competition for Macmillan Learning, I saw that there is
Macmillan’s Innovation Tournament: A Fresh Twist Read More »
Last week, I moderated a discussion between a group of entrepreneurs from throughout Asia (Malaysia, China, Singapore, Philippines, etc.) and Chris Marquis, Cornell Business School professor, author of Better Business: How the B Corp Movement is Remaking Capitalism, and one of today’s leading authorities on social business.
6 Reasons to Consider Becoming a B Corporation Read More »
The idea of a business ecosystem is not new. Throughout history, partnerships and systems have formed to take advantage of efficiencies and solve problems bigger than any one organization.
5 Requirements for Successful Business Ecosystems Read More »
In her most recent book, Seeing Around Corners, innovation and strategy expert Rita McGrath teaches leaders to spot inflection points, or major industry shifts, before they happen. “Snow melts from the edges,” she explains. In winter, the first signs of spring appear at the edges of snowcaps. In business, radical innovation typically begins on the
Banking at Walgreens: Innovation Drives Ecosystems Read More »
Last week on the Outthinker blog, we discussed how Environmental, Social, and Governance (ESG) practices are transforming the energy industry. We referenced Chris Marquis’ work, How the B Corp Movement is Remaking Capitalism, and his visit to speak to our Outthinker Strategy Network of chief strategy officers. This week, we continue with the theme of
The Rise of B Corps Read More »