Haydn Shaughnessy: understanding the shift to the new economy

Purpose – In this interview, author and management consultant Haydn Shaughnessy examines how the concept of ecosystems are transforming segments of the economy. Design/methodology/approach – Shaughnessy is interview by radical management guru Stephen Denning. Findings – Ecosystems of companies linked together for mutual gain are enabling interactions and promoting innovation in all the new economy segments. It is increasingly the innovations and expertise of the ecosystem, not the just the talents and resources of the firm, that are critical to future wealth generation.” Practical implications – The Creative Economy … takes the form of delegation of responsibility to individuals and firms in ecosystems that find ways to cooperate and innovate while taking risks with their time and income.” Originality/value – As an exemplar, explains how Autodesk, a leader in CAD/CAM software and building system modeling, has created a platform where companies in construction and civil engineering can draw on a growing number of apps created by an independent community, a dynamic ecosystem. By having continuous connection and securing continuous feedback, companies like Autodesk are able to provide continuous delivery or continuous updates of their products. You don’t need many people to do ecosystem platform business.