Define the term business ecosystem
Explain what is meant by struggle for existence as it relates to the population ecology model.
Define the term mimetic forces.
Define the term business ecosystem.
It means an economic community of a foundation of interacting individuals and organizations which are the organisms of the business world. This economic community produces goods and services of value to the customers who are themselves the members of this ecosystem. The suppliers, lead producers, competitors and other stakeholders are the member organizations. In the process, they co-evolve their capabilities and roles and align themselves with the directions set by one or more central organizations which hold leadership roles that can ...
The solution defines the term 'business ecosystem'; explains the meaning of 'struggle for existence' as it relates to the population ecology model and it also defines the term 'mimetic forces'. References are included in the solution.