There is no question that internal and external pressures on organizations to adapt and innovate will continue to increase over the next decade. It will be necessary to rethink how organizations are structured and managed. The introduction of the business model as an ecosystem perspective has brought a major change in strategic management thinking. Enabled by increasingly sophisticated technology, the different sub-components in a business ecosystem can now easily be connected. This has resulted in many innovative ideas and new forms of business models.
Write a 1,150- to 1,400-word paper to evaluate your organization’s ecosystem, or that of an organization you previously worked for, and determine if there are any possibilities for reframing your selected organization’s digital opportunities. Address the following in your paper:
Explain strategic advantages to be gained from a redesigned business model to include a business ecosystem perspective.
Describe the importance of organizational mindset in reshaping and rethinking a more innovative business model.
Explain how systems thinking supports changing mindsets.
Analyze the status of your technology platforms.
Recommend strategies to re-core the technology platforms to tap into and optimize the value chain.
Include at least 5 scholarly references to support your position. All references must originate from scholarly, peer-reviewed sources.
Format your paper according to APA guidelines.
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