Should Your Company Build an Open or Closed Ecosystem?

closed is a spectrum, not a binary, 2) balance benefits and costs through centralized governance, 3) pursue strategic differentiation through different levels of openness, and 4) help educate regulators on the tradeoffs.Most companies, at one point or another, need to decide what kind of ecosystem they want to build or operate in. Consider a coffee maker like Keurig.

Earn badges to share on LinkedIn and your resume. Access more than 40 courses trusted by Fortune 500 companies.is professor of Strategy and Entrepreneurship at Copenhagen Business School, where he is Director of the Digital Markets Competition Forum. His main research interests center on competition in digital markets, platform ecosystems, and sector-level digital transformation.is the Piramal Associate Professor of Business Administration at Harvard Business School.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Let's build a customer support chatbot using RAG and your company's documentation in OpenWebUIWe'll share our journey of creating a technical support chatbot designed to assist our front-line team by answering user questions.
Source: hackernoon - 🏆 532. / 51 Read more »

The Wiretap: This Company Raised $21 Million To Build An AI Assistant For Data Breach InvestigationsI'm a senior writer for Forbes, covering security, surveillance and privacy. I'm also the editor of The Wiretap newsletter, which has exclusive stories on real-world surveillance and all the biggest cybersecurity stories of the week. It goes out every Monday and you can sign up here: https://www.forbes.
Source: ForbesTech - 🏆 318. / 59 Read more »

Texas road marking company buys San Antonio's Flasher Equipment Co.Texas road marking company Centerline Technologies buys San Antonio's Flasher Equipment Company
Source: ExpressNews - 🏆 519. / 51 Read more »