Business Ecosystems

A business ecosystem refers to a network of organizations, including suppliers, distributors, customers, competitors, and other stakeholders, that work together to create and deliver a product or service. Just like an ecosystem in nature, where different species rely on each other, companies in a business ecosystem depend on one another to thrive. This collaboration can lead to innovation, shared resources, and enhanced customer experiences. By understanding these interconnections, businesses can adapt to changes, seize opportunities, and foster growth in an increasingly interconnected marketplace.