Purpose - The purpose of this thesis is to advance the understanding of risk exposure and management for different roles in business ecosystems. The following research questions have been derived to fulfill this purpose: RQ1: Which risks are different business ecosystem roles exposed to, and in what way? RQ2: How can business ecosystem actors mitigate risks? Method – A single case study has been conducted on a business ecosystem surrounding the development of autonomous cars in the EU. An abductive and qualitative approach has been applied, which allowed the combination of existing literature and new empirical findings as to the foundation for building new theory. Data was collected through 21 semi-structured interviews and analyzed through comparison between codes on risks, roles, and risk mitigation strategies. Findings – The already existing literature on business ecosystem risks was confirmed and nuanced. On top of this, two new risks were found, disintermediation risk (the risk of being fully or partially excluded from the ecosystem) and accountability risk (the risk of being responsible for other business ecosystem actors output to a third party). The findings also declare that risks vary between actors, but also due to other factors such as investment in the ecosystem and an actor's relative size to other actors. Finally, suggested risk response strategies for each risk were derived. Theoretical implications - We have contributed to the literature on risks within business ecosystems by adding two new risks: disintermediation risk and accountability risk. We have also contributed to the overall literature on business ecosystems by combining the two sub-streams risks in business ecosystems and roles in business ecosystems. In addition to the theoretical implications for the business ecosystem literature, we have contributed to the risk management literature by applying it in the new context of business ecosystemsto extend the applicability of the risk management literature. Practical implications - Our findings shed light on how risks are distributed between different roles and can therefore provide guidance in this issue. The current study also contributes to the understanding of how risks vary with respect to other factors than roles, which could be valuable knowledge for managers. Finally, practical guidance on how risks can be mitigated is presented which is valuable for any actor in a Business ecosystem.

L'émergence et la propagation des technologies de communication à travers le monde ont facilité l'accélération du rythme de l'innovation dans une multitude de domaines. Avec un accès quasi-continu aux flux de l'information, la façon dont les humains vivent a changé, et avec elle ont évolué la structure et la fonction des entreprises, des marchés et de leurs composants. Dans cette thèse, nous explorons la co-évolution des entreprises et des marchés et analysons la création d'une nouvelle architecture organisationnelle qui résulte de cette co-évolution.Dans le chapitre 1, nous explorions les nombreuses branches de la littérature sur la théorie de la firme et la confrontons au phénomène de platformization des marchés au travers de l'étude d'eBay. Suite à l'analyse détaillée de cette étude de cas, le chapitre 1 conclut que le concept de l'entreprise a subi une métamorphose et que ses contours se redéfinissent aujourd'hui au-delà des définitions traditionnelles et contemporaines de l'entreprise. Pour résoudre ce problème, nus proposons la notion d'équivalence firme / marché. Ce concept sera ensuite utilisé dans les trois autres chapitres de la thèse.Quand les économistes voient une défaillance de marché, les entrepreneurs voient une opportunité d'affaire. Les entreprises d'aujourd'hui sont un entrelacement complexe d'interactions qui répondent aux défaillances du marché. Dans ce chapitre 2, nous expliquons comment les entreprises adressent ces opportunités de marchés grâce à des stratégies d'intermédiation passant par la création de plates-formes. Non seulement les entreprises facilitent l'activité du marché en fournissant aux autres participants des ressources de base, mais elles prennent également un rôle de premier plan dans la régulation de l'ensemble des activités économiques ainsi générées. L'objectif du chapitre 2 est d'explorer le phénomène de la double fonction de l'entreprise (création de marchés et soutien du marché) grâce à la notion d'équivalence firme / marché. Nous expliquons le rôle des entreprises qui choisissent de se positionner comme intermédiaire et qui prennent à leur charge la construction, le fonctionnement et le support de la plate-forme. Dans la littérature, ces entreprises sont appelées entreprises centrales, keystones, catalyseurs, ou tout simplement plates-formes. Ces entreprises sont capables d'attirer à elles une multitude de partenaires qui forment ce qu'une partie de la littérature appelle des écosystèmes d'affaires.Le chapitre 3 propose un regard différent sur la stratégie de création d'une plate-forme. Alors que dans le chapitre 2 nous nous sommes concentrés sur les entreprises qui créent et soutiennent les plates-formes, dans ce troisième chapitre, nous examinons de plus près les autres participants. Nous abordons ces participants comme des entreprises-satellites en raison de leur tendance à graviter vers les créateurs et les opérateurs de plate-forme. Nous étudions le rôle de ces entreprises-satellites dans les écosystèmes à base de plate-forme et observons que certaines entreprises-satellites peuvent potentiellement faire peser des menaces sur les détenteurs de plate-forme. Nous discutons ensuite les questions des clusters et du multi-homing, ainsi que la façon dont ces phénomènes affectent les entreprises centrales et leurs écosystèmes d'affaires. Nous concluons que ces comportements sont une source de pression concurrentielle entre les détenteurs de plateforme. Le chapitre 4 traite de la dynamique de l'équivalence entreprise / marché. Idéalement, l'équivalence entreprise / marché présente deux dimensions : l'innovation et le développement commercial. Dans ce modèle, la plate-forme est un artefact socio-technique central qui soutient les stratégies d'ouverture par rapport à ces deux dimensions. Elle facilite le partage et les échanges entre les participants. Ces systèmes ne sont pas statiques. / Emergence and spread of telecommunication technologies throughout the world facilitated acceleration in the pace of innovationin multitude of domains. Having access to the ongoing stream of information, the way human live has changed, and with it evolved the appearance and function of firms, markets, and their constituents. In this thesis we explore the co-evolution of firms and markets and observe the creation of new organizational architecture that resultas from this co-evolution. In chapter 1 we explore the numerous branches of the theory of the firm lterature and confront it to the phenomenon of platformization of markets through the study of the eBay case. Following the detailed annalysis of this case study, chapter 1 concludes that the concept of firm has undergone metamorphosis and has been redefined beyond the traditional and contemporary definitions of the firm. To adress this, we hence propose the concept of film / market equivalency. This concept is thoroughly explained ans discussed in the three chapters that follow. What the economists call a market failure, the entrepreneurs call a market opportunity. Firms today are the intricate interlacing of interactons, which arise in response to market failures. In chapter 2 we describe how the market opportunities that emerge as a result are adressed by the firms through market support strategy, i.e through creation of platforms. Not only do the firms facilitate marketa ctivity by providing participants with basic ressources, firm also take up a leading role in the regulation of all of their creation's activities. The purpose of chapter 2 is to explore the phenomenon of concurrent double function of firm, market creation and market support, through the concept of film / market equivalency. We explain the role of firms that that choose to position themselves as intermediaries and take charge over platform construction, operation and support. In the literature, ssuch firms are referred to as central partners who form what the management calls business ecosystems. Chapter 3 discusses a different take on the platform creation strategy. Whereas in chapter 2 we focused on the types of firms that create and support the platforms,in the third chapter we take a closer look at the constituents of platforms : the small players. In text we adress these players as "firms-satellites" due to their tendency to gravitate toward creators and operators of platforms. We study the role of these firms-staellites in the platform-based ecosystems and identify that some of firms-satellites may potentially bear threats to the platform owners. We then discuss the issues of clustering and multi-homing as welle as how these issues affect central firms, their business ecosystems and whether or not these behaviors are a source of competitive pressure. Chapter 4 discusses the dynamics of firm / market equivalency. Ideally, firm / market equivalency has two dimensions : innovation and business development. In this model, the platfform is a central sociotechnical artefact that supports openness strategies in both dimensions. It facilitates sharing and exchanges among participants. Such systems are not static. They co-evolve with their constituents : the participants and the platform owner. This chapter explores the dynamics involved in firm / market equivalency models. For each stage of development (birth, expansion, leadership, renewal), we study the architecture of the platform, the behaviour of participants and the strategic responseof the platform owner. We conclude the thesis with discussion ofa ntitrust issues that do or may arise as the result of employment of amrket creation and support strategies.

Both developing and developed countries have witnessed the very heart position of small business in the contribution of economic growth and job creation. Nevertheless, the appetite for funds of new enterprises is still not satisfied nowadays, which limits the further blossom of entrepreneurship. Concerning about this problem, our research tries to investigate and describe financing sources of companies in seed/early stage and understand the implications of entrepreneurial leadership in the process of fundraising. Besides, this study involves three business ecosystems: America, France and China in the international context.Following the grounded theory as the researching path, this thesis is considered as a combination of realistic research about financing sources and interpretative research about entrepreneurial leadership. The study is based upon secondary data, which are widely gathered from USA, France and China. In order to achieve in-depth perspectives, empirical explorations are conducted mainly through example studies and face-to-face dialogues with experts including an entrepreneur, a consultant in relation with investors, a bank manager and a project manager.A comprehensive understanding is realized as a result of this research:• American business ecosystem proves its leading position in fundraising support for bootstrap-step companies. As to French ecosystem, it is evolving and represents various particularities regarding regulations, structural mentalities and policies. The Chinese one is fairly different due to the affection of the Communism regime but also the particularly important role of network in doing business.• Entrepreneurial leadership is helpful in fundraising process. And enactment of leadership is quite different due to diverse culture and financing sources. Through the thesis, we interpret how entrepreneurial leadership could be helpful for fundraising in each business ecosystem.• Beyond academic sphere, this research reveals significant benefits and potentials for bridging fund flow among three business ecosystems. It shows a big entrepreneurial opportunity for people who have knowledge and network to break cultural boundaries and construct this “bridge”.In no wise this study aims at explaining or prescribing. By studying each ecosystem for entrepreneurial leaders, we hope to establish an understanding of this topic that could be further examined.

Firms operate in an increasingly complex, unpredictable and fast-moving environment. Understand the business ecosystem in which an innovative company operates is a major leadership stake. Indeed, know how the various possibilities to interact with the actors present in the business ecosystem of an organization are part of the leadership role. In order to survive facing competitive organizations, and to get a sustainable competitive advantage, an innovative organization must be able to combine with various partners on its business ecosystem in order to share knowledge and competencies, and therefor implement open innovation processes may be a key success factor that should not be sidelined. To do so, an oganization must understand innovation to adopt open innovation processes, must also take into account various elements of its business ecosystem to settle competitive dynamics with stakeholders and be able to interact with these different actors, and to finish an innovative organization must be able to set open innovation processes to find a key success factor and perform a sustainable competetive advanage.

These days, it is hard to discuss innovation and the creative economy without mentioning platforms, which have become core strategy for dominating the market. An accurate understanding of platform business is a key factor in being a successful platform provider, so discussions of platform strategies need to be invigorated, value chains need to be analysed, and theoretical factors need to be seriously considered. Corporations are yearning for new innovations and worry about the absence of an efficient and sustainable growth model. First, this thesis analyses how the value chain and value stream are changed in the platform business model in order to explore value chains and value streams in the two-sided market, which has a distinct group of users on both sides. It proposes three types of platform business strategy which will serve as a frame of reference for analysing the impact of the different value chains on platform businesses. Second, this thesis indicates how a step-by-step business strategy based on the perspective of dynamic approach could be constructed. This research identifies four major stages of platform business (entry stage, growth stage, expansion stage, and maturity stage), and different core elements and strategies exist for each stage. These serve as the conceptual frameworks with which to build a platform business model. The key contributions of this research are as follows. Firstly, the main differences and features of the literature reviewed were suggested with collective action and strategic choice perspectives from different academic approaches. Secondly, this study extends the understanding of the value chain that was the critical strategic element of a corporation in the platform business. Thirdly, this research presents the core elements and strategies for each of the four major growth stages of platform business with the dynamic approach, depending on the distinctive features of the contents and platforms.

Information Technology (IT) is inevitably influencing the way enterprises operate, compete, and grow. The contemporary disruption has not excluded small companies. Small enterprises play a significant role in the growth of every economy but are hindered by limited skills, time, and money. The attributes of small enterprises influence the strategic and day-to-day operations. Small enterprise owners are often the managers who make the strategic decisions in order to solve specific problems. The decision style of small enterprise owner-managers limits the leveraging of IT. To ensure the sustainability of small enterprises in a contemporary business ecosystem, it is pertinent to strategise IT investment decisions. Enterprise architecture is a well-known approach to business and IT alignment. This study aimsto discover and develop how the complex enterprise architecture principles can strategise the IT decisionmaking process in small enterprises with limited resources and informal structures. The pragmatic philosophic stance was the premise for understanding the decision challenges and the development of a roadmap to intervene the problems the researcher identified. The Vaishnavi and Kuechler design science research methodology guided this study. The qualitative research approach was employed to collect verbal data with eleven small enterprise ownermanagers to understand the processes and the challenges of making IT decision in small enterprises. A thematic analysis of the findings revealed that lack of formalisation, limited information, and lack of IT skill created a critical bottleneck of IT investment decisions in small enterprises. An enterprise architecture-driven framework was developed to overcome the bounded rationality approach to IT choices in small enterprises. The framework holistically assesses organisational business-IT capabilities, constraints, and criteria to guide the decisionmaker's choice. The characteristics of small enterprises limit the successful implementation of the enterprise architecture-driven framework as a theoretical guideline for making optimal IT decisions in small enterprises. This study further developed an online IT decision-assistive tool informed by the framework. The instantiation artefact was demonstrated with six small enterprise owners from Nigeria and South Africa. The findings affirmed the prospect, potential, and relevance of an enterprise architecture-driven artefact as a tool to optimise strategic IT decisions in small manufacturing, service, and retail enterprises. The artefact developed in this study provided a practical intervention to the challenges of IT investment decisions in small enterprises.

Aim - The aim of this thesis is to understand the challenges of the Ugandan coffee industry by having a business ecosystem perspective. By using a broader perspective like the BE, one can see relations and connections that may not have been visible before. Furthermore, when using a BE perspective more actors are included in the systemic work, and important platforms and tools are included in the work of moving the BE forward as one entity. Methodology - A qualitative study was conducted to examine and understand the Ugandan coffee industry from a business ecosystem perspective. 18 semi-structured interviews were performed with coffee farmers and coffee organizations in Uganda. The data was divided into five different themes; Knowledge Sharing in the Business Ecosystem, Platforms and Interactions in the Business Ecosystem, Roles in the Business Ecosystem, Challenges in the Business Ecosystem and Youth in the Business Ecosystem. Conclusions - The findings of the thesis are that some parts of the business ecosystem are missing or lacking. Effective platforms for knowledge sharing are an issue, due to lack of access to a technological platform, monetary resources and low level of education. It was difficult to place some of the actors in different roles that exist in the business ecosystem, because sometimes an actor could fit the description of multiple roles. The interactions and the knowledge sharing also need improvement. Research limitations - Due to the sheer size of any business ecosystem, it is a daunting task to map one out. To make it more manageable, a particular part of the business ecosystem was examined. This might have resulted in the exclusion of important actors. Many of the interviews required an interpreter which meant that some interpretations may have been lost in translation. Furthermore, all the interviews with coffee farmers were arranged by a third party. Which could affect the results. Research contribution – In this thesis a business ecosystem perspective was applied on the Ugandan coffee industry, which has never been done before. Furthermore, it discusses what an unhealthy or lacking business ecosystem is or looks like, since there is little or no previous literature discussing this.

The idea behind this thesis was born from the success of the so-called unicorn companies originating from Stockholm. Unicorn companies are highly successful tech-startups which reached an evaluation of 1 billion USD while remaining private companies. This has created international attention to Stockholm, and the number of tech startups in the city has increased dramatically. The purpose of this thesis is to achieve a deeper understanding of how tech-startups in Stockholm design their internationalization strategy. To do this, comprehensive information regarding the background of this situation was given, which was then used to form the research questions. To answer them, research regarding internationalization, entrepreneurial strategies and business networks and relations were collected. The theories were then formulated into a conceptual synthesis. To answer our research questions, qualitative data was gathered through four semi-structured interviews with tech-startups operating in Stockholm. The abductive research approach was found to be the most useful approach for our research design. The analysis chapter was built upon the structure of our theories and analyzed through the lens of our conceptual synthesis. Formulating a discussion on the similarities between the theories and the empirical findings as well as unforeseen differences.   Concluding our analysis of the gathered empirical data, we found an implication that there was a connection between the environment, the company and the strategy that they choose in order to internationalize, and that all factors impact each other. Following the analysis, the theoretical synthesis was adjusted based on the gathered data and restructured into a conceptual framework. This thesis stresses the importance of networks in entrepreneurial businesses and showcases why this is. It is of interest to entrepreneurs wishing to establish their own companies in Stockholm, but can also be of interest to entrepreneurs at large concerning their presence in tech-hubs.

Abstract The purpose of this study is to explore the emergence of ecosystemic business models. Ecosystemic thinking has surfaced as a concept to explain the complexity and interconnected nature of modern business. It reflects a fundamental change in the way we view innovations in particular. Innovations are no longer considered to rise within organizational boundaries alone. Modern business is characterized by a diversity of innovation stakeholders from private and public backgrounds, from large organizations to users and citizens. To further the understanding on the research phenomenon of ecosystemic business models, this study relies on two streams of research: Open innovation and business model research. These fields of academic literature mirror well the paradigmatic shift on how the dynamism and change of modern, interconnected business context impacts innovations, value creation and capture and subsequent competitive advantage. The empirical part of this study has been conducted as qualitative case studies. Also conceptual frameworks have been based on empirical data. Drawing from ecosystem analogy, this study investigates different types of ecosystemic contexts, namely that of business ecosystems and innovation ecosystems, in order to determine not only how and why business models emerge, but also how they develop and transform in such a context. An ecosystemic view on business models emphasizes that value co-creation and co-capture need to be steered by a common motive based on mutually connected opportunities and collective value proposition. This research finds that in a complex, multileveled configuration of ecosystems, striving for synergy within the ecosystem is a prerequisite for successful building of ecosystemic value and competitive advantage as a whole. The results of the study indicate that business models are valid not only at organizational level but at the ecosystemic level as well, as ecosystem synergy and successful orchestration can be achieved through utilizing the ecosystemic business model. / Tiivistelmä Tässä tutkimuksessa esitellään ekosysteemisten liiketoimintamallien käsite ja tarkastellaan ekosysteemisten liiketoimintamallien syntyä. Liiketoimintakontekstin monimutkaisuutta ja monitahoisuutta selitetään yhä useammin ekosysteemisen ajattelun avulla. Innovaatioiden ei nähdä syntyvän enää vain yritysten rajojen sisällä, vaan moderniin liiketoimintakontekstiin kuuluu monia eri sidosryhmiä yksityisistä julkisiin toimijoihin, suuryrityksistä yksittäisiin kuluttajiin ja kansalaisiin. Lisätäkseen ymmärrystä ekosysteemisistä liiketoimintamalleista, tämä tutkimus nojaa kahteen tutkimusalueeseen; avoimeen innovaatioon ja liiketoimintamalleihin. Näiden tutkimusnäkökulmien katsotaan peilaavan hyvin modernin liiketoimintakontekstin dynamiikkaa, muutosta ja näiden vaikutusta innovaatioihin, arvon luomiseen ja hyödyntämiseen, sekä kilpailuetuun. Tutkimuksen empiirinen osuus on toteutettu laadullisena tapaustutkimuksena. Myös käsitteelliset julkaisut pohjautuvat empiiriseen dataan. Määrittääkseen miten ja miksi ekosysteemiset liiketoimintamallit syntyvät, sekä selvittääkseen kuinka ne kehittyvät ja muuttuvat, tämä väitöskirjatutimus kohdistuu erilaisiin ekosysteemisiin konteksteihin, erityisesti liiketoimintaekosysteemeihin ja innovaatioekosysteemeihin. Ekosysteeminen liiketoimintamalli korostaa, että arvon yhteinen luominen ja hyödyntäminen tulee perustua yhdessä määriteltyyn mahdollisuuteen ja kollektiiviseen arvolupaukseen. Tämä tutkimus osoittaa, että mutkikkaissa, monitahoisissa ekosysteemeissä, synergia on edellytys ekosysteemisen arvon ja kokonaiskilpailuedun rakentamiselle. Tutkimuksen tulokset indikoivat, että liiketoimintamalliajattelu pätee ei vain organisaation, mutta myös ekosysteemin tasolla, sillä ekosysteemin synergiaa ja onnistunutta orkestrointia voidaan edistää liiketoimintamallia hyödyntämällä.

Abstract As services are increasingly becoming the main focus in the traditional information communication technology industry, companies are seeking leverage from new types of collaborations, such as business ecosystems that cross industry boundaries. The health and wellness business is one service domain in which advances in technology have created the need for services that integrate technology in novel ways. To advance new service businesses, national research programmes offer funding for organisations to collaborate for developing innovative services. Forming new networks and collaboration between organisations is essential in the new business environment. Emerging business ecosystems formed in the research programme context are expanding the concept of business ecosystems. When organisations work together for the first time, challenges arise from bringing together different expectations and working styles. Additional challenges arise through issues regarding suitable integrations or in the creation of completely new services. The need to understand the practical phenomenon of emerging business ecosystems and the service innovation in these ecosystems formed the starting point of this research. The research was conducted in two separate Finnish research programmes in which the researcher actively participated. This led to the adoption of an action research strategy, comprising several activities focusing on the actor dynamics and roles as well as resolving issues arising from the ecosystem formation. In addition, the service innovation-focused research activities were based on the capabilities and domain expertise of the ecosystem companies. This research produced an understanding of the formation of wellness business ecosystems, identified the main phases of the formation and some challenges. This research found out that successful emerging business ecosystems require strong leadership early in the formation to maintain the stability and vision of the ecosystem, and each organisation should find its role within the ecosystem. The creation of viable services also requires openness between organisations. This research provides practical knowledge of the organisational actions, managerial insights and solutions to issues that are identified when organisations come together to form new ecosystems in a research programme context. / Tiivistelmä Eri ICT-alojen yritykset ovat tänä päivänä siirtyneet yhä enemmän määrittelemään toimintansa teknologian sijaan palveluratkaisujen tuottamisen sekä uudenlaisten yhteistyöratkaisujen kautta. Uusien teknologiaratkaisujen hyödyntäminen on tuonut digitalisaation myös hyvinvointialojen palveluihin. Sen myötä alalle on tullut uusia, teknologiaperustaisia ratkaisuja tuottavia pieniä toimijoita. Viime vuosina myös kansallinen tutkimushankerahoitus on tukenut uutta liiketoimintaa teknologiaperustaisten hyvinvointipalveluratkaisujen ympärille, ja edistänyt uusien yritysverkostojen, kuten liiketoimintaekosysteemien muodostumista. Kun organisaatiot ryhtyvät tekemään tiivistä yhteistyötä ensimmäistä kertaa yhdessä hankkeiden puitteissa, tuovat erilaiset odotukset ja työskentelytapojen yhteensovittaminen myös omat haasteensa yhteistyöhön. Uusien ekosysteemien muodostumista ja siihen liittyviä käytänteitä on tarvetta ymmärtää aiempaa syvällisemmin. Tämä tunnistettu tarve toimi tämän väitöstutkimuksen lähtökohtana. Tämä tutkimus toteutettiin kahdessa suomalaisessa tutkimusohjelmassa, joihin väitöstyön tekijä osallistui aktiivisena tutkijana. Tutkimus toteutettiin toimintatutkimuksena, ja siihen sisällytettiin useita tutkimustehtäviä. Tehtävien tavoitteena oli keskittyä toimijoiden keskinäiseen toimintaan ja rooleihin, ja pyrkiä ratkaisemaan ekosysteemiyhteistyöstä syntyviä haasteita. Lisäksi tutkimuksessa keskityttiin ekosysteemiyhteistyön pyrkimykseen synnyttää innovatiivista liiketoimintaa organisaatioiden yhteistyöllä. Väitöstyön tuloksena saatiin uutta ymmärrystä hyvinvointialan ekosysteemien muodostamisesta tutkimushankkeen yhteydessä ja tunnistettiin muodostumisen vaiheita sekä niihin liittyviä ongelmia. Tässä tutkimuksessa todettiin, että onnistunut yhteistyö uudessa liiketoimintaekosysteemissä vaatii vahvan johtavan yrityksen, joka tuo ekosysteemiin päämäärätietoisuutta ja vakautta. Tämän lisäksi muiden yritysten on löydettävä niille sopiva rooli ekosysteemissä. Uusien palveluiden kehittäminen ekosysteemissä vaatii avoimuutta yritysten yhteisessä toiminnassa. Väitöskirjatyö tuotti käytäntöön sovellettavaa tietoa organisaatioiden toiminnasta, ja johtamiseen kohdistuvista tarpeista. Lisäksi se tuotti ratkaisuja tunnistettuihin ongelmiin, joita organisaatioiden yhteistyö ekosysteemin muodostamisen alkuvaiheessa aiheutti tässä työssä tarkastelluissa tutkimushankkeissa.