Who Inhabits a Business Ecosystem? The Technospecies as a Unifying Concept
Currently, many terms are used to describe business ecosystems and their inhabitants. These terms have meanings that can cause definitional confusion and an ambiguous level of analysis as to what constitutes a business ecosystem. To understand business ecosystem relationships, an unambiguous understanding of the ecosystem components is required. The importance of standardized terminology and clear definitions of these components has been recognized in the literature. From a managerial perspective, identifying the relationships a firm is situated in is valuable and useful information that can be practically applied. We propose a business ecosystem model anchored around interdependent technospecies similar to the biological model that many of the existing concepts are drawn from. Technospecies are unique entities based on their organizational routines, capabilities, and use of technology. This article will present an alternative formulation of the business ecosystem model with the aim of synthesizing the diverse terminology presently in use into a concise, common language.
|Keywords||technospecies, business ecosystem, business environment, complex adaptive systems|
|Journal||Technology Innovation Management Review|
Weber, Michael L., & Hine, M.J. (2015). Who Inhabits a Business Ecosystem? The Technospecies as a Unifying Concept. Technology Innovation Management Review, 5(5), 31–44.
|Publisher's version Final Version|