Skip to main content
Return to homepage
  • Free Trial
  • Free Trial
  • Plans
    • Plans for Individuals
    • Plans for Teams
    • Plans for Clients
    • Plans for Enterprise
  • Solutions
    • Self Educators
    • Small Business
    • Industry Associations
    • Accounting Firms
    • Franchise Groups
    • Finance Brokers
    • Corporations
    • Business Schools
  • More
    • About
    • Features
    • Experts
    • Blog
    • Media
    • Press
    • Contact
  • Support
  • Login
    • Watch
    • Admin

Home Definitions

What is an Ecosystem? Definition or Meaning

Posted by Bizversity

It takes a village to raise a child and it takes an ecosystem or network of suppliers, distributors, customers, competitors, regulators, governments and so on to provide particular products or services. Changes or disruption in one element will affect the service akin to a healthcare worker or teacher failing to treat or detect a problem in a child. Change is constant and each part of the ecosystem must adapt.

For example…

An ecosystem plays a critical role is a department store. Suppliers and distributors will be located all over the world, customers can order online or buy in-store, competitors may offer a non-compatible attachment to your product, governments may want to increase the tax your type of department store pays. All these variables contribute to and influence the provision of services and also the bottom line of the business.

Bizversity
Bizversity

  • Facebook
  • YouTube
  • Twitter
  • LinkedIn
  • Instagram

Our Mission is to grow the people that move the world forward. Because business people change things. They learn, they create, they build, they disrupt. And when they do, they influence the people around them and the world becomes a better place. So if you are an entrepreneur, business leader, executive or startup, and you want to grow, welcome to Bizversity.

  • About
  • Blog
  • Features
  • Tutorials
  • Media
  • Press
  • Careers
  • Definitions
  • Questions
  • Support
  • Contact

Copyright © 2023 Bizversity
  • Privacy Policy
  • Disclaimer
  • Terms of Service
  • Website Terms of Use