The concept of industry ecosystems has emerged as a keystone for sustainable competitive advantage and innovation. Unlike traditional business models that emphasize individual corporate strategy and linear value chains, industry ecosystems represent a dynamic and interconnected web of relationships among a diverse array of stakeholders, including companies, customers, suppliers, competitors and regulatory bodies. In this article, Fatih Ogun, Head of Strategy at Akbank, explores the essence of industry ecosystems, underscoring their strategic importance, and delineating the principles guiding their effective construction and stewardship
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