Business ecosystem evolution and strategic considerations: A literature review

Abstract

Business ecosystems describe the network of firms, which collectively produce a holistic, integrated technological system that creates value for customers. Understanding the mode of ecosystem change can provide valuable information for organizations that are positioned in these networked environments. In this paper, we endeavor to provide this understanding by synthesizing the work of scholars in the field business ecosystems through a review of the literature. Our findings underline the roles of ecosystem members, the endogenous and exogenous factors of ecosystem evolution, the dynamics of ecosystem change, and the strategic consideration of firms that participate in business ecosystems.