Business models as enablers of ecosystemic interaction: A dynamic capability perspective

Julius Francis Gomes, Marika Iivari, Minna Pikkarainen, Petri Ahokangas

Research output: Contribution to journalArticleScientificpeer-review

3 Citations (Scopus)

Abstract

A business ecosystem supports relationships between its stakeholders. Although it has been recognized that ecosystem stakeholders neither solely compete, nor collaborate, but rather co-develop their capabilities, empirically-based research evidence on this interactive co-development in ecosystems remains scarce. The interaction among ecosystem stakeholders is approached from the business model perspective. Accordingly, this article builds on business model literature, and on empirical data gathered within an emerging connected health ecosystem. This article conceptualizes business models as dynamic capabilities that enable ecosystemic and symbiotic interaction through opportunity exploration and exploitation, value creation and capture, and, advantage exploration and exploitation. This article argues that co-developing business models through sensing, seizing and transforming is a key enabler for ecosystem's success and sustainability.

Original languageEnglish
Pages (from-to)1-13
Number of pages13
JournalInternational Journal of Social Ecology and Sustainable Development
Volume9
Issue number3
DOIs
Publication statusPublished - 1 Jul 2018
MoE publication typeNot Eligible

Keywords

  • Business Ecosystem
  • Business Model
  • Business Opportunity
  • Co-Development
  • Competitive Advantage
  • Dynamic Capability
  • Interaction
  • Value Creation

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