Ecosystem Strategy

Ecosystem strategy refers to a business approach that focuses on creating and participating in a network of interconnected companies, customers, and partners. Instead of competing alone, a company collaborates with others to offer comprehensive solutions and enhance value for users. This strategy leverages shared resources, knowledge, and technology to innovate and respond to market demands more effectively. By fostering relationships within an ecosystem, businesses can adapt swiftly, capitalize on opportunities, and create a more resilient and sustainable competitive advantage.