The Digital Ecosystem as a Business Model

Authors

  • Bekim Maloku Faculty of Economics, University “St.Kliment Ohridski” – Bitola, Marksova 133, Prilep 7500, Republic of North Macedonia
  • Pece Nikolovski Faculty of Economics, University “St.Kliment Ohridski” – Bitola, Marksova 133, Prilep 7500, Republic of North Macedonia
  • Katerina Mircheska Faculty of Economics, University “St.Kliment Ohridski” – Bitola, Marksova 133, Prilep 7500, Republic of North Macedonia

Keywords:

digital transformation, digital ecosystem, application programming inter- face, API, digital platform

Abstract

Digital ecosystems are modular type structures composed of loosely connected components that can be combined in different ways. They allow the development of a new business model, which is based on a network of business partners and organizes economic activities in a new way. The digital ecosystem brings together actors from different sectors, with different perspectives and opportunities, who share resources, experiences and ideas, and create value for the end user. The technological basis of digital ecosystems is formed by shared platforms and a set of standards, leading among which is the application programming inter- face (API). Based on theoretical and methodological publications, the article examines the concept of the digital ecosystem as a business model of partnerships, as well as the technologies on which it is developed.

References

Iyer, B., & Subramaniam, M., Corporate Alliances Matter Less Thanks to APIs. Harvard Business Review Digital Articles, 2005, pp…

Jacobides, M., Designing digital ecosystems. ?. Jacobides, ?. Sundararajan, & ?. Alstyne, Platforms and Ecosystems: Enabling the Digital Economy, 2019, pp.13-18.

Jacobides, M., Sundararajan, ?., & Alstyne, ?. Designing Digital Ecosystems. In Jacobides, M. et.al. Platforms and Ecosystems: Enabling the Digital Economy, Briefing Paper, World Economic Forum. World Economic Forum., 2019, pp…

Oxford Economics; Google Cloud, How digital business ecosystems drive efficiency and innovation in a new era? Oxford Economics. 2020, pp….

Liang, T. P., Huang, C. W., Yeh, Y. H., & Lin, B. Adoption of mobile technology

in business: a fitviability model. Industrial management & data systems, 2006, pp…

Valdez-de-Leon, O., How to Develop a Digital Ecosystem: a Practical Framework. Technology Innovation Management Review 2019, pp.43-54.

Rentz, K., & Flatley, M. E. Lesikar's Business Communication: CONNECTION

IN A DIGITAL WORLD. McGraw-Hill, 2011, pp…

Downloads

Published

2022-12-19

How to Cite

Bekim Maloku, Pece Nikolovski, & Katerina Mircheska. (2022). The Digital Ecosystem as a Business Model. International Journal of Sciences: Basic and Applied Research (IJSBAR), 65(1), 324–329. Retrieved from https://gssrr.org/index.php/JournalOfBasicAndApplied/article/view/14054

Issue

Section

Articles