TOWARDS AN UNDERSTANDING OF ENTREPRENEURIAL ALERTNESS IN THE FORMATION OF PLATFORM ECOSYSTEMS

Ted Saarikko; Katrin Jonsson; Thommie Burström

TOWARDS AN UNDERSTANDING OF ENTREPRENEURIAL ALERTNESS IN THE FORMATION OF PLATFORM ECOSYSTEMS

Ted Saarikko, Katrin Jonsson, Thommie Burström

Entrepreneurship, Management and Organisation, Helsinki

Umeå University

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › Scientific › peer-review

5 Citations (Scopus)

Abstract

In platform ecosystems, the platform provider seeks to derive increasing returns over time as the ecosystem of backing actors grows more numerous. While a growing body of research has addressed the ecosystem strategies of large enterprises, less attention has been paid to small
firms in the role of platform providers. As small firms do not possess the resources of large enterprises, they are not in a position to ignore the importance of immediate returns needed for the viability of the firm. In a case
study, we study the entrepreneurial alertness of a small technology-based firm
in promoting a platform for machine-
to-machine communication. Our results suggest that balancing increasing and immediate returns requires a variety of entrepreneurial activities that encompasses strategic foresight and systemic insight on one hand, and exploratory and exploitative actions on the other. This paper contributes to our
understanding of platform ecosystems by addressing the strategies of a small firm as an emerging platform provider.

Translated title of the contribution	TOWARDS AN UNDERSTAN DING OF ENTREPRENEURIAL ALERTNESS IN THE FOR MATION OF PLATFORM ECOSYSTEMS
Original language	English
Title of host publication	European Conference on Information Systems
Number of pages	15
Publisher	Tel Aviv University
Publication date	09.06.2014
Pages	1-15
Publication status	Published - 09.06.2014
MoE publication type	A4 Article in conference proceedings
Event	European Conference on Information Systems - Tel Aviv, Israel Duration: 09.06.2014 → 11.06.2014 Conference number: 22

Keywords

512 Business and Management
KOTA2014

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Burstrom_ECIS

http://ecis2014.eu/E-poster/files/0764-file1.pdf

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Cite this

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title = "TOWARDS AN UNDERSTANDING OF ENTREPRENEURIAL ALERTNESS IN THE FORMATION OF PLATFORM ECOSYSTEMS",

abstract = "In platform ecosystems, the platform provider seeks to derive increasing returns over time as the ecosystem of backing actors grows more numerous. While a growing body of research has addressed the ecosystem strategies of large enterprises, less attention has been paid to smallfirms in the role of platform providers. As small firms do not possess the resources of large enterprises, they are not in a position to ignore the importance of immediate returns needed for the viability of the firm. In a casestudy, we study the entrepreneurial alertness of a small technology-based firmin promoting a platform for machine-to-machine communication. Our results suggest that balancing increasing and immediate returns requires a variety of entrepreneurial activities that encompasses strategic foresight and systemic insight on one hand, and exploratory and exploitative actions on the other. This paper contributes to ourunderstanding of platform ecosystems by addressing the strategies of a small firm as an emerging platform provider.",

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AB - In platform ecosystems, the platform provider seeks to derive increasing returns over time as the ecosystem of backing actors grows more numerous. While a growing body of research has addressed the ecosystem strategies of large enterprises, less attention has been paid to smallfirms in the role of platform providers. As small firms do not possess the resources of large enterprises, they are not in a position to ignore the importance of immediate returns needed for the viability of the firm. In a casestudy, we study the entrepreneurial alertness of a small technology-based firmin promoting a platform for machine-to-machine communication. Our results suggest that balancing increasing and immediate returns requires a variety of entrepreneurial activities that encompasses strategic foresight and systemic insight on one hand, and exploratory and exploitative actions on the other. This paper contributes to ourunderstanding of platform ecosystems by addressing the strategies of a small firm as an emerging platform provider.

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