Nurturing business ecosystems to deal with industry uncertainties

Purpose – The purpose of this paper is to explore the ways in which firms nurture the business ecosystem for the development of emerging industries.Design/methodology/approach – The research uses a qualitative research methodology with multiple case studies, namely two groups of companies in the PC and mobile business ecosystems.Findings – This paper argues that industry renewal or emergence relies on the convergence and evolutionary process of the relevant business ecosystems. It analyzes the challenges faced by emerging industries, especially uncertainty issues concerning technology, application, and market. To deal with these uncertainty issues, firms within business ecosystems have developed two kinds of strategies: the core‐firm platform strategy and the niche‐firm supplementary strategy with an integrated supply chain. By using such strategies, firms together follow a three‐step process, including adjustment, adoption, and convergence, to help nurture the emerging industry.Research limitations/impli...