Impact Orchestrator

Business Ecosystems

Business Collaboration, Business Ecosystems

Kick Starting The Journey

Inertia, procrastination, red tape, politics and a lack of dedicated resources often cause organisations to delay their transformation often leading to one-foot out, one-foot-in. Time does not stop moving! Kickstarting the journey is not a train smash. Have a clear organisational vision, strategy and plan is required in order to align the transformation journey and the organisational purpose. An elephant is best eaten in bite-size-chunks they say. Carefully defining the building blocks and adopting a modularised approach often helps in making the journey less daunting. Test and learn approaches are increasingly being applied when building Use Cases. Organisations have to therefore define their Minimum Viable Propositions (MVPs) and commission pilots. Organisations can then incrementally invest on success. Trusting the process is often a key ingredient as organisations tend to cane/cut-off transformation projects too quickly if results are not achieved on time. In many instances, the time it takes to build and orchestrate Digital Platforms and Ecosystems is often understated leading to the frictional and agency costs. It is debatable as to which operating models organisations should adopt when kickstarting the transformation. There’s often directional consensus amongst the players on the ground that creating incubated, ring-fenced and dedicated focused resources often leads to more traction being gained subject of course to all the cultural and political filters and hurdles at play within the organisation. Agreeing milestones upfront is often encouraged in order to align stakeholders come decision-making time. Some research encourage putting in place some metrics measures of performance such as for example, the acquisition of the first customer through the Digital Platforms and Ecosystems. Measurement metrics can then be increased overtime as the transformation journey beds down and start gaining traction. Impact Orchestrator works with organisations to assist them in kick-starting and walking their journeys noting that there is no one-size-fits-all but rather acknowledging that each journey is different.

Business Collaboration, Business Ecosystems

When To Start

New Years bring new beginnings along with them. NOW is the right time to start thinking about transforming your business model to include Digital Platforms and Ecosystems. Technologies and market players exist to enable organisations to commence their transformation. The shift though requires some boldness and urgency too as often, a close look at legacy and traditional business models can be so daunting to the point of discouraging the transition. Numerous case studies exist from leading academic institutions and publications on how new entrants adopting Digital Platform and Ecosystem business models have disrupted markets and often shifted them. The transformation starts with the Board of Directors or Trustees making a bold decision, followed C-Level buy-in and execution. Resources are often required to support the transformation in the form of Funding, Technology, People and Partnerships. Changes in organisational culture are required upfront in order to adopt Digital Platforms and Ecosystems business models. To enable the cultural shifts, organisations ought to implement deliberate change management interventions to take their teams and customers along with. If your organisation has not yet made the decision towards adopting Digital Platforms and Ecosystems, it is worthwhile to make this a priority and create a programme to drive the realisation of this. Digital Platforms and Ecosystems enable organisations to access new markets, reach new customers segments, increase share of wallet in existing customer segments and engage with customers belonging to other organisations and communities as well. Impact Orchestrator works with organisations to assist them in starting their journey.

Business Collaboration, Business Ecosystems

Business Case for Digital Platforms and Ecosystems

Organisations are often faced with different contexts, circumstances, constraints, challenges, opportunities and trade-offs. As a result, the case and justification of and for Digital Platforms and Ecosystems differs across organisations. Organisations should develop business cases that advocate for the business transformation to adopting business models. The business cases can be kept very simple, with logic being sufficient as a baseline to justify organisation change. When crafting the business cases, the critical pillars for include the following: Impact Orchestrator works with organisations to develop their business cases.

Business Collaboration, Business Ecosystems

Transform Your Business Model

The emergence of Digital Platforms and Ecosystems provides organisations with an opportunity to transform and reposition their businesses in order to create and capture value. Digital Transformation is challenging the continued validity of traditional business models and as a result, challenging the competitive positioning and advantages of traditional business models. Organisations have an opportunity to shift their business models to leverage the emergence of Digital Platforms and Ecosystems to adopt and adapt these to their markets. Organisational readiness is imperative across the dimensions and disciplines of: Business Transformation programmes supported by Change Management initiatives are therefore required for organisations to remain market-fit, withstand competition and achieve growth and return on investment. Impact Orchestrator works with organisations to achieve this transformation.

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