The ecosystem economy : how to lead in the new age of sectors without borders

Gear up and equip your organization for an entirely new competitive landscape In The Ecosystem Economy: How to Lead in the New Age of Sectors Without Borders , two McKinsey & Company senior partners offer an incisive and eye-opening look at the emerging ecosystem economy and what it means for companies used to familiar sector siloes. In the book, you’ll explore how the most successful companies in the new economy aren’t the ones that have applied old-school best practices but, instead, have adopted entirely new mindsets and approaches for a fundamentally transforming market. You’ll also find: Explanations of why it’s so important for companies to adopt a new approach in the face of a foundationally changing economy (and what they stand to gain) How the new ecosystem economy will continue to evolve and change, dissolving the borders between the traditional sectors of the economy A comprehensive ecosystem playbook that can be applied to firms of any size and in any sector As the barriers between sectors and disciplines come down, organizations everywhere will need to reshape their thinking about value propositions, competition, partnership, organizational and operating models, and performance management. The Ecosystem Economy is your personal roadmap to navigating that new world. It’s ideal for managers, executives, and other business leaders seeking fresh new strategies and practical approaches for markets that bear little resemblance to the ones that came before. Cover Title Page Copyright Page Contents Introduction: The Age of Ecosystems Part One Chapter 1 Sparks of Magic: The Road from Sectors to Earliest Ecosystems The Rise of Conglomerates Disney’s Hybrid Model Conglomerates Elsewhere The Evolution of Conglomerates in the West Chapter 2 The Walls Come Tumbling Down: The Dawn of an Ecosystem Economy The Four Hurdles The Great Acceleration of Technological Progress Consumer Behavior Evolution Ecosystem 1.0 Ecosystems Elsewhere Ecosystems in the US Looking Back Chapter 3 The Exhilarating Path Ahead: How the Uncertain Future Will Shape the Evolution of Ecosystems Ecosystem Growth Will Continue Emerging Ecosystems Geopolitics Major Regulatory Changes Environment, Social, and Governance (ESG) Artificial Intelligence Breakthrough The Metaverse Web 3.0 DeFi Extreme Cyber Events Acceleration of Space-Based Commerce Biotechnology Nanotechnology Part Two Chapter 4 Going Where the Puck Will Be: Choosing Where to Play in the New Ecosystem Economy Example 1: Mobility as a Service Example 2: Comfort and Security as a Service Example 3: Integrated Small Business Services Chapter 5 It Takes a Village: Finding Your Place in the Ecosystem, Choosing Your Role, and Picking the Right Collaborators Orchestrators and Participants Shades of Gray: A Spectrum of Ecosystem Roles Ecosystem Necessities Analysis Build, Acquire, or Partner? Build, Acquire, or Partner Grid Picking the Right Collaborators Partnership Matrix Example 1: Home Example 2: Payment Fintech Example 3: Health Chapter 6 Survival of the Fittest—Changing fromthe Inside Out: How to Make the Leap Organizational and Operating Model Talent Performance Management Underlying Culture Supporting Infrastructure Conclusion: Conclusion: Ten Time-Tested Principles for the Emerging Ecosystem Economy Finding Prosperity in a World of Sectors Without Borders Acknowledgments List of Illustrations Notes About the Authors Index EULA "The Ecosystem Mindset takes a hard look at the emerging Ecosystem Economy, and what it means for companies once siloed by sector. It explores how and why we got here, beginning with the foundations of the sector-centered economy and bringing us up to today--the earliest chapter in the ecosystem economy's history. Readers will see that the truly successful companies are not the ones that have brought old-school best practices to bear on the new economy, but the companies that have thrown out those best practices altogether--the companies that have adopted entirely new mindsets and strategies for this entirely new game. The authors then explain why adopting a new playbook is so important. They show that ecosystems players stand to partake in more than $60 trillion of new value, and they will also show that this new economy ecosystem is here to stay. In fact, they explore how the ecosystem economy might continue to evolve, dissolving traditional industry barriers once and for all and giving way to an entirely new playing field where sector-system strategies will become entirely untenable. Finally, they introduce an ecosystem playbook--the philosophies and strategies that enterprises will need to adopt in order to survive and thrive in this future. As the barriers between industries come down, we are all going to need to reshape our thinking about competition, partnership, value, and process. This book engages the reader to consider a new playbook for doing business in a world of digital ecosystems"-- Provided by publisher