HOW TO LEVERAGE CUES FROM SYMBIOSIS IN NATURE TO NAVIGATE MODERN ECOSYSTEMS
Symbiosis: It's not always a zero-sum game, after all!
Charles Darwin’s 1859 theory of evolution through natural selection is often explained simply as survival of the fittest. Darwin’s premise was that within each population, traits vary. Creatures with qualities that enable them to adapt to their environments survive and produce offspring with those traits. Those with less adaptive traits do not survive to pass on their genetic code. Over time, characteristics that allow a species to thrive and reproduce become more common, and the population evolves accordingly.
Natural selection is not necessarily about competition but often includes cooperation and coexistence. Perhaps the past 18 months are testimony to the theory that humans thrive on support and collaboration. COVID-19 brought people, organizations, and governments together.
Symbiosis (Greek for living together) is an ecosystem process based on relationships between organisms in nature. And, mutualism ? a symbiotic sub-type ? enables participating entities to exist harmoniously and efficiently help each other.
In business, a mutualistic connection can be a partnership in which each participant contributes and receives value from the other. A fundamental evolutionary concept, the strategy cooperatively creates value that would be impossible to produce unilaterally. Moreover, this perfect symbiosis occurs at no expense to either partner. For example, consider the bird that enjoys a hearty meal atop an elephant’s back, dining on the pachyderm’s irritating parasites. Similarly, businesses can achieve objectives by collaborating and participating in win-win networks.
Symbiotic relationships can help businesses boost profits and establish market dominance[1]
Integrated value – Created value does not directly benefit the parties involved. Instead, it improves the overall ecosystem.
Crowd-sourcing ? In this arrangement, work is fueled by a single entity, while both parties reap benefits.
Platform synergies ? A single platform drives benefits for two or more parties while also gaining an advantage.
Mutualism – As with the elephant and the bird, this relationship involves two or more alliances that generate equal advantage by working on a common goal or activities of mutual interest.
Organizations can use the following steps to leverage symbiotic relationships both internally and externally to thrive in the post-pandemic new normal
Constantly review the changing ecosystem: Keep note of the volatile and ever-changing ecosystem to identify partnership opportunities that offer a competitive advantage. For instance, join hands with startups and smaller players working in niche fields to leverage their specialized capabilities while sharing corporate resources can spark a fresh-thinking sandbox atmosphere.
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Build a collaborative mindset within the organizational culture: Developing a symbiotic relationship with the employees is as vital as forming strategic partnerships with other organizations. Enable decision-making among all employee groups and consider their input to encourage a free flow of ideas and an atmosphere that supports a dedicated and loyal workforce. On top of that, the organization generates innovation at all levels.
Set clear goals when initiating an inter-organizational partnership: A clear strategy helps identify best-fit partners with clearly demarcated responsibilities to achieve the synergistic goals.
Select external partners strategically: Thoughtfully choose a collaborative partner. With numerous opportunities available, carefully look for synergies and similar dynamics to create a symbiotic balance that leverages all participants’ expertise.
In conclusion, symbiotic relationships between groups and organizations depend more on ongoing relationships than friendships. A parallel can be drawn to the Prisoner’s Dilemma framework, where a lack of coordination and trust can cause loss. Companies that opt for a dominant partnership strategy that leads to defection can spur sub-optimal results[7] . Instead, organizations that balance cooperation and competition can reap mutual benefits and reach the Nash Equilibrium. And, yes, groups can be selfish and cooperate at the same time. In fact, this balance can make the symbiotic relationship stronger and sustainable. By dropping the lens of paranoia, symbiosis beats a zero-sum game for win-win results.
If you’d like to learn more, this staple from my personal library ? Robert Axelrod’s 1984 book The Evolution of Cooperation ? offers a deep dive into game theory and cooperation.
The author would like to thank Devshree Narware, Juhi Vallabh, and Tamara Berry for their contributions to this article.
PS: If you want to look for articles from the author search for #AmitChoudhary
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[1] ???Futurecmo , “Symbiosis strategy – Creating the ultimate customer value proposition”, Accessed Aug 2021
[2] ???Treesforlife , “Symbiosis,” Accessed Aug 2021.
[3] ??????Harvard Business Review , “The Ecosystem of Shared Value”, Oct 2016.
4??????Unilever , “Open Innovation,” Accessed Aug 2021.
[5] ??????Brittanica , “Lichen – Symbiotic Organism,” Accessed Aug 2021.
[6] ???Brower Group , “Strategic partnerships fuel Uber’s road to success”, Accessed Aug 2021.
[7] ???Investopedia , “The Prisoner’s Dilemma in Business and the Economy”, Accessed Aug 2021.