Ecosystem as a mechanism for sustainable development of industry

The article is devoted to the analysis of the ecosystem as an innovative business model. The use of modern business models is for many enterprises a driver for increasing competitiveness in a rapidly changing market environment, increasing market share and profits. The lack of an unambiguous, comprehensive definition of the concept of a business ecosystem and its unique principles that make it possible to identify this business model from others predetermined the purpose of this study. The purpose of the study is to identify and systematize the principles of functioning of business ecosystems that ensure the effectiveness of the use of current and projected ecosystems at domestic enterprises, including industrial ones. During the study, such economic definitions as system and ecosystem, business system and business model were analyzed. This made it possible to single out the universal and specific principles of the operation of business ecosystems as a whole, to form a system of principles for the functioning of a business ecosystem in industry to ensure the economic sustainability of industrial enterprises that are part of the ecosystem and increase the competitiveness of the industrial sector of the economy.