Boundaryless has developed a visual portfolio approach to aid in the understanding and management of business ecosystems. This approach, coined ‘Shared Practices’, helps companies to visualise their ecosystem, enabling them to make more informed decisions. Shared Practices consists of three main components: Ecosystem Map, Ecosystem Canvas, and Portfolio Wall.
The Ecosystem Map provides a visual representation of the ecosystem, highlighting key players and their relationships. This tool aids in identifying opportunities and threats within the ecosystem. The Ecosystem Canvas, on the other hand, offers a detailed view of each player’s role, their value proposition, and their relationships with other players. This tool helps businesses to better understand their position within the ecosystem and how they can leverage their strengths.
The Portfolio Wall is a tool that allows companies to manage their ecosystem portfolio. It enables them to track the progress of initiatives, identify potential risks, and make strategic decisions. This tool is particularly useful for companies dealing with a large number of initiatives and players.
In essence, Shared Practices offers a comprehensive approach to ecosystem management, helping businesses to understand, manage, and leverage their business ecosystems.
Go to source article: https://boundaryless.io/blog/visual-portfolio-shared-practices/