Why does an ecosystem perspective matter? The first reason is that considering ecosystems encourages professionals to take a broader view on the opportunities they face. This discussion was first created by Moore in his Harvard Business Review article – “Predators and Prey: A FRESH Ecology of Competition”. As the boundaries between traditional commercial sectors break down organizations to change the way the create value for their customers. Take a simple example – airlines.
Are they in the travel business? After all their primary function is to move folks from A to B? Are they in the entertainment and catering business – they nourish and amuse people while on their planes. Are they in the holiday business? See the introduction of Virgin and BA vacations.
Are they in the telecoms business – think about in trip telecoms and cellular services. More extreme examples have emerged in consumer electronics and telecommunications Even. Phone companies now double as internet service providers. They offer on demand video and TV services. These are debating what else they can do given the cables they have run into your house.
Utilities companies in general are blurring – drinking water companies will provide gas and electricity. Gas companies will reduce the price you pay if you get electricity from them as well. A far more radical example is provided by electric vehicles – some are exploring how they might be used as energy storage devices when not being driven. Boundaries between industries are disappearing and blurring. Because they do new opportunities emerge. Being constrained with the reasoning which says “we are a motor vehicle firm” or “we are a pharmaceutical company” simply restricts innovation and creativeness.
- Complimentary trip cancellation insurance and trip postpone reimbursement
- Why they must do it, and
- Earning interest
- “A spoon made to make life easier for individuals with diseases such as Parkinson’s.”
- Example: program software maintenance incremental data storage space expense
- Planning is needed in order to handle issues created by changing environmental factors/forces
- Climate change and underlying causes
- What line of business [=work] are you in
In May to June 2013, the Fed announced it might soon start “tapering”. This resulted in a sudden sharp currency falls, including in Indonesia and India. However, the Fed postponed the taper, giving some breathing space. 75bil (RM249bil), with an increase of to come. Right now, however, the investment feeling had already changed against the growing economies.
Many were now termed “fragile”, those with current accounts deficits and influenced by capital inflows especially. Most of the so-called Fragile Five are in fact members of the BRICS, which have been viewed as just a couple of years before as the most influential global growth drivers. Several factors surfaced last week, which jointly constituted a cause for the sell-off.
These were a “flash” statement indicating contraction of production in China; a sudden fall in the Argentinian peso;, and goals that a US Fed meeting on Jan. 29 will announce another installment of tapering. For just two days (Jan 23 and 24), the stock and currencies markets of several developing countries were in turmoil, which spilled to the US and European stock markets. If this situation proceeds this week, it could just sign a fresh stage of buyer disenchantment with rising economies, reduced capital inflows, or outflows even.