Facilitating Innovation in an Ecosystem
As the world is becoming increasingly more complex and interdependent, companies are realizing how difficult it is to innovate by themselves. This study’s purpose is to gather insight on how an ecosystem can facilitate innovation in the real estate and construction industry by conducting an exploratory case study of a recently established ecosystem.
The findings reveal that the ecosystem was established as a result of pressure from macro forces, which are especially connected to new technological advances.
The need for collaboration across firm and industry boundaries, flexible memberships, international ambitions and regional benefits influenced the choice of solution.
The ecosystem facilitates for innovation based on three main findings. The combination of arranging activities that are both flexible and more focused are important for the members ability to innovate within the ecosystem.
The ecosystem allows for the possibility of sharing resources such as data, which provides large innovation opportunities. It provides advantages related to a holistic value chain approach and interdisciplinarity.
In order to successfully facilitate for innovation as the ecosystem evolves, the findings revealed that focusing on communicating the larger goal of the ecosystem, changes to the leadership role and establishing trust between members will be crucial.