Table 3 Three key phases in the business ecosystem (Rong and Shi 2015)
Phase | Definition |
|---|---|
Community of interdependent organization | It means the relationship among network partners is dependent on one another and share in a common fate |
Business environment | It can be treated as an opportunity space where interdependent organizations share their ideas and visions for future development. It means that organizations in a business ecosystem should expand their views beyond the supply-chain partners of their core business. The business environment includes other non-direct business partners who shape the industry greatly and the business environment |
Co-evolution | It means that interdependent organizations will co-evolve with one another in the dynamic business environment. Co-evolution highlights the importance of key firms’ interactions with their business environment as well as with core business partners |