Table 1 Business ecosystem modeling process (Ma, 2019)

Part I

Business ecosystem architecture development

1

Identify the boundary of a selected ecosystem.

2

Identify actors and their roles in the ecosystem.

3

Identify actors’ value propositions and business models.

4

Identify interaction between actors (different types of interactions)

Part II

Factor analysis

1

Investigate influential factors and their impact on the elements in the ecosystem (actors, roles, and interaction)

2

Investigate potential changes in the ecosystem.

Part III

Ecosystem simulation and reconfiguration

1

Multi-agent based ecosystem modeling to identify ecosystem reaction towards the potential changes.

2

Ecosystem reconfiguration (including reconfiguration of actors, roles, and interaction) due to changes, system dynamics modeling might be applied at this stage.

3

Business model reconfiguration.