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

Michael G. Jacobides is a globally recognised thought leader on #ecosystem strategy. We discussed why companies should have ecosystem strategy, his articles in Harvard Business Review, MIT Sloan Management Review and more.

Michael G Jacobides holds the Sir Donald Gordon Chair of Entrepreneurship & Innovation at London Business School , where he is Professor of Strategy. He is Academic Advisor to the Boston Consulting Group, Visiting Scholar at the New York Fed, and Visiting Fellow at Cambridge.

📍 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 vs 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

We recorded this interview just before the pandemic, but it is even more relevant today with the explosive growth of tech #ecosystems and #platforms.

🚀 Collaborate and engage partners in your ecosystem - try https://www.partnerinsight.io/prm-pro...

Subscribe not to miss other insights on #ecosystems, #businessdevelopment, #platforms and more.

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


#MichaelJacobides #partnerships, #strategy