What is an Extended Enterprise?
The extended enterprise refers to the network of organizations and individuals that are involved in the value chain of a business. It includes not only the traditional partners and suppliers of a business, but also customers, stakeholders, and other external entities that play a role in the creation, distribution, and consumption of a company's products or services.
The concept of the extended enterprise recognizes that businesses do not operate in isolation and that their success depends on the ability to collaborate and coordinate with a wide range of external partners. This can include partners such as suppliers, manufacturers, distributors, and service providers, as well as customers, regulators, and other stakeholders.
The extended enterprise can be thought of as a complex web of relationships that extends beyond the traditional boundaries of a business. It requires effective communication and collaboration among all the parties involved, and it requires the use of technology and systems to support these activities.