According to recent McKinsey research, companies with strongly interconnected service ecosystems outperform their peers by 43% in revenue growth. Let's examine why.
The modern service ecosystem isn't just a collection of offerings—it's a self-reinforcing cycle where each element strengthens the others. Take creative direction and event production: When these two services align, engagement metrics jump by an average of 67%.
Data from industry leaders shows that merchandise conversion rates increase by 3.2x when tied to live events, while consulting services backed by real product data command 40% higher fees.
The key? Integration. Siloed services are out. Ecosystem thinking is in.
Quick takeaway: Don't think linear—think circular. Your services should feed into each other like a well-oiled machine.