Bite-size Case Study

From competition to collaboration: case studies in financial services

Published on February 27, 2019 Originally recorded 2017   7 min
0:04
It's clear that competition is changing and whereas before, we had one company competing against another company, we are now moving to a setting where it is me and my gang against you and your gang, me and my partners against you and your partners and a lot of the competition in the future will be, who is able to build the best and the most interesting ecosystem. That will be the winner of their competition game.
0:39
So ecosystem is a term which is often used. So just to be clear, what do we mean with the business ecosystem? Well, increasingly, businesses operate in a broader network of related businesses offering particular products or services. While these ecosystems are important because they create strong barriers to entry for new competition, new potential entrants do not only have to duplicate or make better products, but they also have to compete against the entire ecosystem of organizations in that network. So it's much more difficult to copy or to compete with a network of organizations than it is to compete with one organizations and that's why we see the rise of this ecosystem economy.
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From competition to collaboration: case studies in financial services

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