When James F. Moore originated the strategic planning concept of the business ecosystem based on his book The Death of Competition: Leadership and Strategy in the Age of Business Ecosystems (HarperBusiness, 1996), he described the business ecosystem as “an economic community supported by a foundation of interacting organizations and individuals—the organisms of the business world…”
It’s the health of the organism that is crucial to the survival of an entrepreneurial ecosystem. Workplace innovation requires that organizations create equilibrium between the financial health of the business and the emotional well-being of its workforce. It’s not one at the expense of the other.
Listen to my recent Coach for Innovation radio show when guest Rev. Dr. Lorraine Cohen, CEO and founder of Powerfull Living, and I discuss the healthy entrepreneurial ecosystem.
There are seven areas that I look for when assessing the entrepreneurial health of an organization. It’s important for companies to reassess their value proposition for attracting and retaining workers.
- Business Basics
- A Level Playing Field
- One Size Doesn't Fit All
- Risktaking is Responsible not Reckless
- Trust has Backbone
- Status Quo Isn't Sacred
- Endings Mean New Beginnings
Just as the enterprise evolves so does the workforce; increasingly professionals are looking to align themselves with companies that match their career goals and personal values. Quite often it’s the company you keep that determines your ability to innovate while managing your career success.