Organizational Ecosystem Case Study Essay Example | Topics and Well Written Essays - 750 words

Organizational Ecosystem Case Study - Essay Example Although an ecosystem could be a source of many benefits, for organizations to thrive in their respective ecosystems, they must understand their individual ecosystems as well as how they function (Townsend, 2014). This is mostly important in avoiding ecosystem blindness. Business ecosystem has many benefits both for small and large businesses. The main aim of these ecosystems is to ensure that all companies stay in business by depending on each other. For a small business, functioning in an ecosystem provides a proprietary advantage that such a business needs so as to compete with larger organizations. Additionally, it provides the mechanism required to lever ideas of excellence in technology, research, marketing, and business in various industry sectors into a global competitive force. This is one of the goals that most businesses strive to achieve and that can be made possible through participation within an ecosystem. Ecosystems are also responsible for providing resistance to inv asions in business. Additionally, ecosystems also provide resilience that many businesses need against external changes especially in dynamic and unstable business environments. Furthermore, the type of adaptation that is necessary in surviving change is usually established and contributed towards by the rapid innovation, which is achievable under ecosystems. Wal-Mart is one of the largest retail companies in the world that have embraced ecosystem due to the benefits that it can gain and those it can pass to other businesses in the same ecosystem. By understanding the functioning of its ecosystem, Wal-Mart has managed to dominate its market. This is mostly because of the approach strategies that the company used in participating within its ecosystem. Ecosystem plays a critical role in Wal-Mart’s innovation efforts in two main ways. While taking the structure of its ecosystem in consideration, Wal-Mart managed to