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Managing a Business Strategically
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Question:
Four streams on how firms within their ecosystem balance (the tension between) cooperation and competition
Author: Pim BodzingaAnswer:
1. Strategies in ecosystems, how many components to enter, firms either adopt System strategy (multiple components, minimize cooperation) or Component strategy (one/few components and cooperate for the rest) 2. Ecosystems approach: focus on cooperation and value creation 3. Competition approach: value capture and competition between firms with complementary complements 4. ALliances:Balance
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