In search of a consensus definition of business ecosystems: a qualitative study

Abstract

Purpose

Despite the constantly increasing number of publications in the field of business ecosystems, there are indications that a precise definition that appropriately captures the business ecosystem mindset is not yet available. Therefore, the purpose of this paper is to provide a consensus definition of business ecosystems.

Design/methodology/approach

Using structured content analysis, this paper examines a total of 43 definitions in terms of their core components.

Findings

The results indicate that the existing definitions focus only on single components, e.g. “network of actors,” thereby omitting other essential components, such as “cocreated value proposition” or “shared fate.” Consequently, it seems appropriate to develop a consensus definition that combines the perspectives of the academic and practitioner communities.

Originality/value

The proposed definition is more comprehensive than the prevailing definitions and represents a synthesis of previous considerations on business ecosystems. Such a definition will support researchers in developing a sound business ecosystem theory that will guide practitioners in the efficient design and management of business ecosystems in the long term.

Citation

Felch, V. and Sucky, E. (2023), "In search of a consensus definition of business ecosystems: a qualitative study", Journal of Modelling in Management, Vol. 18 No. 6, pp. 1834-1857. https://doi.org/10.1108/JM2-09-2021-0240