A hyperconnected, constantly evolving world has emerged. A world
where people (internet of people), things (internet of things), and
data (internet of data) are linked together, shaping the global
economy while demanding new, innovative approaches for value
creation. The era of hyper-connectivity is no longer characterized
by centralized firm-centric business structures and traditional
intra-firm and inter-firm processes. Open, distributed ecosystemic
formations have started to emerge, utilizing cutting edge
technologies to harness the collective power, co-creation ability,
and intelligence of the crowd, the data, and the environment in an
open participatory value co-creation mode. However, the question
has become whether the frameworks, models, and tools that
organizations use to create value will remain the same in the new
business environment and within the organizations themselves.
Existing literature on ecosystems, business models, and business
model innovation are starting to examine these aspects. Emerging
Ecosystem-Centric Business Models for Sustainable Value Creation
explores emerging technology-enabled ecosystems and
ecosystem-centric business models in theory and practice, from a
business and technological perspective, and in a range of
industrial settings, aiming to contribute to the existing knowledge
of innovative technology-advanced ecosystems and business models,
facilitating their design, implementation, and sustainable value
creation. It examines the dynamics of this technology-powered
revolution and how it is influencing the foundations of value
creation and business modeling in novel ecosystemic formations
across the HMD triangle: human, machine, and data. The target
audience of this book is researchers and professionals in the
fields of innovation, business, and strategy as well as computer
science and information technology, along with managers,
executives, practitioners, researchers, academicians, and students
interested in new ways to create value in emerging and future
ecosystems via innovative ecosystem-centric business models and
strategies.
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