Leadership Decision-Making and Management Approaches for Generating Value in Business Ecosystems

Abstract

Value Generation in business ecosystems (VG-BE) via Decision-Making (DM) is a growing focus 
for academics and professionals. Previous studies have concentrated on creativity in products 
and services, with little research into the significance of future-generation leaders using data 
management strategies in business environments. Many studies on leadership have focused only 
on top-level executives inside firms. This arose because, until recently, it was considered that 
middle-management and top-level executives had far fewer duties in contributing to the 
organization's performance. Leadership development at all tiers has become essential for 
organizational success owing to modifications in corporate structure and the application of 
empowerment. However, no information exists on studies on management behavior despite the 
considerable importance of management style in BE. This study presents Leadership Decision
Making and Management Approaches for Value Generation in Business Ecosystems (LDM&M
VG-BE). This research examines management routines and approaches across different levels in 
BE. It establishes a comprehensive research paradigm connecting the attributes of future leaders 
(context) to LDM (method) tools and methodologies, facilitating VG in BE (outcomes). The 
research methodology employed in this study aimed to analyze the similarities and differences 
in the management approaches of executives at various hierarchical levels in BE. Numerous 
LDM philosophies address either interpersonal or task-oriented leadership.