A business ecosystem refers to a network of interconnected organizations, individuals, and resources that collaborate to create value and drive innovation. This ecosystem includes various participants such as suppliers, customers, competitors, and regulatory bodies, all of whom interact and influence each other. The relationships within this ecosystem can lead to new opportunities and efficiencies, fostering growth and adaptability. In a business ecosystem, companies often share knowledge, technology, and resources to enhance their competitive advantage. For example, tech companies may partner with startups to develop innovative products, while manufacturers collaborate with suppliers to streamline production processes. This interconnectedness helps businesses respond to market changes and customer needs more effectively.