ABSTRACT
In an ecosystem, the individual elements are dependent on the ecosystem and the ecosystem dynamics in a way that dictate the organisms’ behavior
CONTENTS
Ecosystem DeŽned ........................................................................................ 61 Business Ecosystem ....................................................................................... 62 Usage Ecosystem ............................................................................................63 Role of Ecosystem in Innovation .................................................................63 Ecosystem Research and Its Implication for Innovation ..........................66 Example 1: K-12 Education Ecosystem .......................................................66 Example 2: High Frequency Retail .............................................................. 69 Emerging Market Ecosystems-Some Characteristics ............................ 75 References ....................................................................................................... 76
and adaptations. Many elements of an ecosystem have interdependence; a dynamic of being mutually and physically responsible to and sharing a common set of principles with others. An interdependent relationship implies that all participants are emotionally, economically, ecologically and morally dependent on each other. Introduction of new elements, whether abiotic or biotic, into an ecosystem tend to have a disruptive effect. In some cases, this can lead to the collapse of the ecosystem.
