IBM has many alliances, mainly with small firms that act as suppliers, agents, distributors, makers of complementary products etc. What term is used for this approach?

Question

Quizplus · Accepted Answer

IBM's approach of forming alliances with various small firms to create a network of suppliers, agents, distributors, and makers of complementary products is referred to as an "ecosystem." This term describes a collaborative network that enhances the value of the core company through partnerships and alliances.

IBM Has Many Alliances, Mainly with Small Firms That Act