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Build an ecosystem for innovation

Lucy Jones

When markets are disrupted by new technologies and competitors, many legacy companies struggle to keep up – ill-prepared to develop new products and services in the midst of uncertainty.

Writing for MIT Sloan Management Review, Nathan Furr and Andrew Shipilov advise that, rather than attempt to go it alone, you should reach out to partners and build a broader ecosystem that will boost your competitive strength.

CENTRALISED v ADAPTIVE ECOSYSTEMS

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Credits:
Source Article: Building The Right Ecosystem For Innovation
Author(s): Nathan Furr and Andrew Shipilov