The Ecosystem Economy: How to Lead in the New Age of Sectors Without Borders - Hardcover

by Venkat Atluri (Author), Miklós Dietz (Author)

Gear up and equip your organization for an entirely new competitive landscape

In The Ecosystem Economy: How to Lead in the New Age of Sectors Without Borders, two McKinsey & Company senior partners offer an incisive and eye-opening look at the emerging ecosystem economy and what it means for companies used to familiar sector siloes. In the book, you'll explore how the most successful companies in the new economy aren't the ones that have applied old-school best practices but, instead, have adopted entirely new mindsets and approaches for a fundamentally transforming market.

You'll also find:

• Explanations of why it's so important for companies to adopt a new approach in the face of a foundationally changing economy (and what they stand to gain)
• How the new ecosystem economy will continue to evolve and change, dissolving the borders between the traditional sectors of the economy
• A comprehensive ecosystem playbook that can be applied to firms of any size and in any sector

As the barriers between sectors and disciplines come down, organizations everywhere will need to reshape their thinking about value propositions, competition, partnership, organizational and operating models, and performance management. The Ecosystem Economy is your personal roadmap to navigating that new world. It's ideal for managers, executives, and other business leaders seeking fresh new strategies and practical approaches for markets that bear little resemblance to the ones that came before.

Front Jacket

The barriers between traditional sectors of the economy are coming down. New digital technologies, business models, and regulatory frameworks are forcing leaders of companies to think outside their own siloes and reimagine what it means to operate in the new ecosystem economy.

In The Ecosystem Economy: How to Lead in the New Age of Sectors Without Borders, two McKinsey and Company senior partners deliver an exciting and insightful new take on the emerging ecosystem economy and what it entails for companies accustomed to familiar sector siloes. In the book, you'll discover how the most successful companies in the new economy are the ones that have left old-school best practices behind and adopted entirely new mindsets for the economy undergoing a foundational transformation.

Readers will find explanations of why it's so critical for companies to adopt new approaches to conducting business in the face of a transformed economy, what they stand to gain, and how the new ecosystem economy will continue to evolve and shift as it dissolves borders between traditional sectors of the economy. The authors also provide a comprehensive ecosystem playbook that firms of any size and in any sector can apply to their own businesses to gain durable and significant competitive advantages.

Business leaders must fundamentally reconsider how they approach competition, partnerships, business models and organizational constructs. Their ability to do so will determine the success, or failure in the future. The Ecosystem Economy is a powerful playbook for managers, executives, board members, and other leaders at firms of all sizes and in any sector. It's also a can't-miss resource for investors seeking new insights into value and leadership.

Back Jacket

Prepare your organization for a transformed competitive landscape

The Ecosystem Economy: How to Lead in the New Age of Sectors Without Borders offers a compelling new take on how the global economy is being fundamentally transformed by the acceleration of new technology development, evolving consumer preferences and behaviors, business models and organizational and performance management constructs. In the book, two senior partners at McKinsey and Company make the case that traditional siloes and sectors are breaking down. They demonstrate how business leaders at all levels can exploit disappearing barriers to reimagine and refocus their organizations' efforts to create substantial and durable new competitive advantages.

You'll learn why it's so important for companies to adapt right now and develop new approaches to succeed in the face of a foundationally changed global economy driven by ecosystems. You'll also discover how the ecosystem economy will continue to evolve and transform, as well as a comprehensive playbook you can apply to your own firm, regardless of its size.

An essential and incisive resource for executives, board members, and other business leaders seeking fresh approaches to doing business in the modern economy, The Ecosystem Economy will also earn a place in the libraries of investors looking for new ways to think about value propositions, competition, partnership, and performance management.

Author Biography

VENKAT ATLURI is a senior partner at McKinsey & Company, where he leads the firm's global Technology & Telecommunications Practice. In addition he serves clients in the high-tech, media and telecommunications, advanced industries, and consumer sectors by partnering with management teams and boards to create value through performance transformation, programmatic M&A and new business building. Prior to joining McKinsey, Atluri held leadership roles at General Electric and 3M.

MIKLÓS DIETZ is a senior partner at McKinsey & Company. He leads McKinsey's banking strategy and innovation work globally and is the managing partner of the Vancouver office. He is the founder/chair of the Panorama research group and the Ecosystem Hub, and has served over 450 clients in 40+ countries across multiple industries. Prior to joining McKinsey, he worked at Merrill Lynch and Reuters.