Blog – Manage your Ecosystem

Data Ecosystem Business Cooperation

Data Ecosystem Business Cooperation

Add Data into a Business Cooperation

You have set up a great ecosystem. It all feels good and your customers love it. Now it is time to leverage on all the good data that flows from all involved in the ecosystem. Time for Data Business! How do you manage Data in a Business Cooperation? What do you need to think about?

It is a good step to return to the baseline and goals you had when you entered into the ecosystem. What should the ecosystem achieve and what do you want to achieve? Based upon these goals you should have a common ground for the collaboration so you can add the Data Collaboration. In addition there should be an understanding of the Business Value Chains involved. That is who will bring what value.

Overall you need to have a plan for how you secure your Commercial interests as well recognize other interests as well.

Let us look at some key steps.

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Summer Greetings

Summer Greeting 2017

Summer Greetings

It is the time of the year when we living in the Northern Hemisphere starts using the warmer and lighter days for a vacation and recharging your batteries. We hope you get a nice summer and relaxing vacation as we share our summer greetings with you.

We will take a break in the blog about Manage your Business Cooperation Ecosystem.

If you need to contact us, please do so! You can use the Contact Form and we will get back to you.

I will myself spend some time in Haifa going day hiking. It will be fun.

Take Care!

Image credit: Lenzpointer / Pixabay

Innovation in Business Cooperation

Innovation in Business Cooperation

Innovation in Business Cooperation

You have set up a great ecosystem. It all feels good and your customers love it. Now it is time to leverage on all the good energy and buzz from all involved in the ecosystem. Time for innovation! How do you manage Innovation in a Business Cooperation? What do you need to think about?

It is a good step to return to the baseline and goals you had when you entered into the ecosystem. What should the ecosystem achieve and what do you want to achieve? Based upon these goals you should have a common ground for the collaboration. In addition there should be an understanding of the Business Value Chains involved. That is who will bring what value to the customers.

Overall you need to have a plan for how you secure your Commercial interests as well recognize other interests as well.

Continue reading Innovation in Business Cooperation

Negotiate Business Cooperation

Agreement handshake

Negotiate a Business Cooperation

You have been charged with the task to fix the agreement for the Business Cooperation your company wants to set up. How should you approach that task?

Well, it depends on whether it is a one-off, one-time cooperation or a more long-term. If it is a one-off cooperation you can stop reading now.

For a long-term cooperation you are most probably best served by opting for a win-win relationship. This because you want your partner to work together with you towards the common customer. More important than for your company is to work with the right company that shares your common ground for business as a whole.

How do you then secure the agreement for the business cooperation?

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Business Cooperation Product Management

Business Cooperation Product Management

Business Cooperation & Product Management?

When you enter a Business Cooperation, there is a natural place for the core handling; e.g. Your Product Management Function. However most of the company will be involved so your Operational Model must be able to cater for the Business Cooperation.

Let’s explore some of the key aspects you need to consider as a Product Manager.

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Map Partners Business Cooperation

Map Partners Business Cooperation

Map Partners in your Business Cooperation

If you are in the situation that you have a number of companies you work with in various different capabilities and purposes, probably it could be a good move to map your Partners into your Business Model Network. It will visualize your dependencies and position towards the other companies, thus it will be easier for you to manage them and changes over time. The tool used is the Business Model Canvas from Strategyzer.

Secondly, if you do the mapping exercise of your Ecosystem, you will also have a base for preparing new Business Relationships as well as Managing existing Business Relationships.

Let us look at some of the aspects to consider when mapping your Partners in your Business Model Network.

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