THE ECOSYSTEM MIRACLE
The BlackBerry of the Research in Motion has been a very successful product which brought qwerty keyboard and mail on the smart phone. Based in Canada slowly it gave way to the humungous changes all across the IT world mainly in US and some outside. While BlackBerry was a solo product, others were supported by an encouraging ecosystem. SAP also was on the solo mode but it was able maintain its run because of the product strength and that there has been no serious challenge in ERP trade. The logical progression seems to be from a solo product to a successful enterprise to an ecosystem which propels that industry to greater and greater heights.
The most successful ecosystem which the whole world is envious of, is the Silicon Valley, which became the heart of the Digital Revolution and continues to this day. A successful ecosystem has thus the capability to transform the world, as we have all experienced. Nearly all major US IT behemoths belong to this ecosystem. Post Second World War II Japan was able to create an ecosystem of manufacturing and results won the world for them. South Korea provides one of the best ecosystems for StartUps and we a thousand flowers bloom. China has been creating an ecosystem to outbeat the US and Shenzhen with about two decades of serious efforts is yielding results which is turning out to be a real challenge to the Silicon Valley.
What is an ecosystem? It is a complex yet seamless system of enterprises, institutions, govt. agencies which out of experience, expertise and clear cut business and political will work in unison to make entrepreneurial efforts successful and also scale up to global levels. The talent, the funding, the gumption of failure are all inbuilt in the DNA of the ecosystem. Positivity is the running thread of an ecosystem. It’s full energy and vigour, a never say never die approach. The dream of an ecosystem does not have a Plan B. It has to succeed and it does.
The need of an ecosystem cannot be over emphasised, the single transactional successes are transitory. Permanence needs organic growth of all what creates and sustains businesses with the back end of creativity and innovation. Over a period of time, it gives way to a nascent ecosystem, which becomes robust with the travails it faces.
ONLY A ROBUST ECOSYSTEM CAN SUSTAIN EXPONENTIAL GROWTH.