Frenemies Can Help Energy Firms Curb Risks

Frenemies Can Help Energy Firms Curb Risks
Ecosystem business model gets strong support from energy execs in Accenture Strategy survey.

Ashraf: We’re seeing companies across industries forming ecosystems to make major innovation plays – delivering new products and services that grow the customer base and drive expansion into new markets.

Retail is a good example – we’ve seen retailers working not only with tech giants, such as Walmart and Microsoft – to drive innovation and outpace the competition, but also with other players in their own industry. For instance, Ikea announced a creative partnership with Adidas to understand what people want and need when it comes to exercising, sleeping and eating at home – such insights can be funneled into research and development and inform new product and service lines.

To learn more about the Accenture Strategy survey, visit the consultancy’s website.


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