Deloitte: Fundamental Transition Underway as Business Ecosystems Come of Age

Deloitte has released its latest Business Trends Report, "Business Ecosystems Come of Age." According to the report, the rules, best practices, business…

almstaff | April 20, 2015

Deloitte has released its latest Business Trends Report, "Business Ecosystems Come of Age." According to the report, the rules, best practices, business models and even the mindsets that have served organizations and business leaders well for decades are coming under increasing stress.

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"In this fast-changing economy, the ecosystem concept has taken root far beyond the tech sector, and is now a crucial focal point for innovation, analysis and strategic planning," says Mike Canning, National Managing Director of Deloitte Consulting's Strategy & Operations practice. "New means of creating value have been developing everywhere in the form of interactive and fluid configurations of economic relationships and activity – and smart businesses around the world are responding."

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The report highlights that the importance of cross-firm and cross-industry relationships, partnerships, networks, alliances and collaborations is growing exponentially, and that "ecosystem" strategies are becoming an increasingly deliberate, conscious and designed driver of successful business transformation.

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