Enterprise Ecosystem Quiz

Ecosystem Definition

• An ecosystem is a geographic area where living organisms, weather, and landscape interact to create a habitat.
• Biotic (living) factors include plants, animals, and other organisms, while abiotic factors are nonliving elements.

Enterprise Ecosystem

• The enterprise ecosystem encompasses a network of organizations involved in delivering a product or service, including suppliers, distributors, customers, and competitors.
• It operates through both competition and cooperation among its members.

Dynamics of Enterprise Ecosystem

• Each entity within an enterprise ecosystem influences and is influenced by others, requiring flexibility and adaptability for survival.
• The ecosystem establishes strong barriers to new competitors, as established players are integrated into its functioning.

Benefits of Enterprise Ecosystem

• Enables leveraging technology and achieving excellence in research and business capabilities.
• Facilitates effective competition against other companies.

Components of Enterprise Ecosystem

• Policy and Regulatory Development: Involves business registrations, taxation, import/export regulations, and labor laws that shape the ecosystem's operation.
• Technology: Incorporates technological innovations and incentives promoting a national innovation system.
• Support Systems: Includes advisors and metropolitan resources that cater to both traditional and entrepreneurial needs.
• Human Capital and Workforce Development: Focuses on accessing finance and developing a skilled workforce essential for growth.

Market Dynamics

• Global and local markets play a crucial role in shaping the ecosystem, affecting operations and access to resources.
• Encourages entrepreneurial culture through systematic support and accessibility to technologies and finance.