Entrepreneurship and strategic thinking in business ecosystems

Shaker A. Zahra, Satish Nambisan

Research output: Contribution to journalArticlepeer-review

146 Scopus citations

Abstract

Success in business ecosystems that include well-established companies and new ventures requires collaboration and competition, a task that demands strategic thinking to leverage a firm's resources and capabilities. Strategic thinking and the entrepreneurial activities in an ecosystem influence one another in a cycle that perpetuates and even sparks innovation. These interactions vary significantly across four types of business ecosystems-Orchestra, Creative Bazaar, Jam Central, and MOD Station-and determine the success and failures of new ventures and established companies. The nature and effect of the dynamic interactions in a business ecosystem can have profound implications for organizational success.

Original languageEnglish (US)
Pages (from-to)219-229
Number of pages11
JournalBusiness Horizons
Volume55
Issue number3
DOIs
StatePublished - May 2012

Keywords

  • Business ecosystem
  • Entrepreneurship
  • Innovation
  • Strategic thinking

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