Business and IT leaders understand the importance of ecosystems as key
to business model innovation but fail to harness their full power by not
breaking the status quo – the ecosystem paradox

AMSTERDAM–(BUSINESS WIRE)–#BearingPoint–Digital disruption continues to challenge Europe’s leading companies
struggling to sustain growth and competitive advantage. New revenue
growth means innovative business models that will deliver compelling new
products and services that can disrupt markets and genuinely solve
customer problems. A critical enabler of this new model are partner
ecosystems with open, multi-sided collaboration between parties,
typically around a digital business platform. BearingPoint
research shows that European organizations are still not doing enough to
make this a reality. 67% of companies expect ecosystems to help them
grow revenue by between 11% and 25% over the next two years. 69% state
that their company needs to increase its collaboration with an ecosystem
of partners and suppliers if it wants to grow.

However, 62% of companies don’t engage with partners outside of their
own industry and 60% do not currently have a specific person in charge
of the ecosystem or clear metrics and performance measures.
Organizations continue with the same mindset, tools and value chain of
yesterday, and therefore miss the opportunity of using ecosystems to
grow revenue. Only very few organizations are making the necessary
strives to add effective partner ecosystems to reinvent their business
models.

“Too many European organizations continue to be challenged by this
paradox by focusing on today’s business rather than addressing the
changes they need to make. Improving day-to-day operations will not grow
revenue. This will only come from innovating compelling new solutions to
real customer problems and this means reinventing business models and
extending existing core capabilities to include those of partners,”
comments Angus Ward, CEO Digital Platform Solutions at BearingPoint.

The BearingPoint research shows that not enough organizations are
focusing on the resources and technology choices necessary to make this
a reality. European organizations looking to compete in today’s fast
moving, global digital economy need to develop ecosystem intelligence
and understand the overarching potential of new business models,
particularly those enabled by digital platforms and effective ecosystems.

Eric Falque, global leader of the Go Digital initiative at BearingPoint,
highlights that “ecosystem intelligence will be key for innovating
business models and create compelling products and services that lead to
increased customer satisfaction.”

This report is the second publication in BearingPoint Institute’s series
aimed at the importance of business model innovation and practical ways
to accomplish this. The Institute is the research arm of BearingPoint.

To learn more about the research findings, please read the paper on the
BearingPoint Institute website: https://www.bearingpoint.com/en/our-success/thought-leadership/the-ecosystem-iq/

Please find here the link to the first note in this series: https://www.bearingpoint.com/en/our-success/thought-leadership/re-thinking-the-european-business-model-portfolio-for-the-digital-age/

About BearingPoint

BearingPoint
is an independent management and technology consultancy with European
roots and a global reach. The company operates in four units:
Consulting, Solutions, Business Services, and Ventures. Consulting
covers the advisory business; Solutions provides the tools for
successful digital transformation, advanced analytics and regulatory
requirements; Business Services provides managed services beyond SaaS;
Ventures drives the financing and development of start-ups.
BearingPoint’s clients include many of the world’s leading companies and
organizations. The firm has a global consulting network with more than
10,000 people and supports clients in over 75 countries, engaging with
them to achieve measurable and sustainable success.

For more information, please visit:

Homepage: www.bearingpoint.com
Annual
Report: https://www.bearingpoint.com/en/about-us/annual-report/
LinkedIn:
www.linkedin.com/company/bearingpoint
Twitter:
@BearingPoint

Contacts

Press Contact
Alexander Bock
Global Manager
Communications
Tel.: +49 89 540338029
alexander.bock@bearingpoint.com