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2 - Smart product ecosystems

Published online by Cambridge University Press:  05 June 2012

Mary J. Cronin
Affiliation:
Boston College, Massachusetts
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Summary

The HealthVault platform supports a growing ecosystem of connected, user-friendly applications, so people can keep a comprehensive, up-to-date record of their health information in a place where they can view and share it with whomever they choose.

(Microsoft, 2009a)

Combine the name of any technology company with “platform” or “ecosystem” in the search engine of your choice and you will get a sense of the maturity and scope of that company's product, platform, and ecosystem strategies. Even early-stage technology companies that don't have much of a strategy beyond issuing press releases are eager to announce an ecosystem partnership with a market leader in their industry. An August 2009 search for “Microsoft ecosystem” on the Bing search engine retrieved 6.4 million results. Most high-tech companies fall somewhere in-between Microsoft and new entrants in the scope of their ecosystem strategies. Like the concept of shaping a corporate value chain to create competitive advantage, an enterprise ecosystem has become a fundamental element in technology product development and distribution.

Applying product platform strategies to computer component design and software development gained favor in the 1990s as a way to keep up with rapid-fire technological advances and accelerating software-update cycles. Platform strategies allowed technology companies to attract more developers and component partners, to create more coherent product roadmaps, and to assure their technical and channel partners that the next generation of products would complement current development and sales plans and be compatible with their growing base of customer installations (McGrath, 1995; Salonen, 2004).

Type
Chapter
Information
Smart Products, Smarter Services
Strategies for Embedded Control
, pp. 34 - 69
Publisher: Cambridge University Press
Print publication year: 2010

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  • Smart product ecosystems
  • Mary J. Cronin, Boston College, Massachusetts
  • Book: Smart Products, Smarter Services
  • Online publication: 05 June 2012
  • Chapter DOI: https://doi.org/10.1017/CBO9780511761928.002
Available formats
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  • Smart product ecosystems
  • Mary J. Cronin, Boston College, Massachusetts
  • Book: Smart Products, Smarter Services
  • Online publication: 05 June 2012
  • Chapter DOI: https://doi.org/10.1017/CBO9780511761928.002
Available formats
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Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Smart product ecosystems
  • Mary J. Cronin, Boston College, Massachusetts
  • Book: Smart Products, Smarter Services
  • Online publication: 05 June 2012
  • Chapter DOI: https://doi.org/10.1017/CBO9780511761928.002
Available formats
×