International Journal of Transitions and Innovation Systems
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International Journal of Transitions and Innovation Systems (3 papers in press)
Exploring the elements of absorptive capacity: Large-scale interview study of 61 companies in Estonia by Mait Rungi, Valeria Kiisk Abstract: Increasingly dynamic business environment encourages companies to constantly combine externally available information and internal ideas, in a struggle to maximize firm performance. Companys ability to capture external knowledge and to use it for own benefits is shaped by organizational absorptive capacity. By using a multiple-case study approach and utilizing interview data obtained from interviews with 61 companies, the current paper explores the recently proposed new model of the phenomenon, suggesting that it is a set of success factors rather than a process. The work provides an in-depth study on the suggested elements and patterns building up the phenomenon. The paper demonstrates that companies value external information, sourcing it and making their strategic choices based on the competitive situation. While providing support for the suggested model of absorptive capacity, the results also unravel common elements of its subsets: process-driven innovation, reliance on competitors and clients, importance of employees. Keywords: Absorptive capacity; knowledge management; organizational learning; dynamic capabilities.
Evaluation of Smart Activity Tracking Wristbands Adoption Criteria for University Students by Amir Shaygan, Dilek Ozdemir Gungor, Hakan Kutgun, Anthony Williams, Ali Daneshi, Tugrul Daim Abstract: Information and communication technologies (ICTs) are changing our surrounding life as we know it. There is a constant endeavour by companies to innovate in various industries. Customer targets for some of these technologies such as chronic patients are well-defined but limited, whereas for some technologies, the intent is to become mainstream products for the larger populations although they were initially meant for a narrower customer target. Activity tracking wristbands can be categorized in the latter group. These smart devices are mainly designed to monitor physical activities, sleep trends, and health information on a continuous manner. However, the functions of these devices are limited to neither fitness nor health tracking. Firstly, the information gathered by these devices and the feedback provided by them technology related- play an important role in the adoption decision. Furthermore, since consumers need to keep wearing these wearables, their design can have significant impact on their adoption. Due to the multi-criteria nature of adoption, it is imperative to assimilate how people view and assess each criterion which has been lacking in the existing literature. This paper evaluates the importance levels of these criteria and their sub-criteria for university students using Hierarchical Decision Model (HDM). Moreover, with the goal of better delineating the practicality of the study, eight real and one fictitious fitness tracking wristband products are evaluated based on the perspectives and criteria weights obtained from the HDM model and desirability curves and scores. Keywords: Hierarchical Decision Model (HDM); Activity Tracking Wristbands; Technology Adoption; Wearable Technology.
SOCIO-EMOTIONAL WEALTH AND SUCCESSFUL GENERATIONAL TRANSITION IN FAMILY BUSINESS: THE ROLE OF CONTEXTUAL FACTORS by Valentina Lazzarotti, Eliana Minelli, Chiara Morelli Abstract: This study aims to provide an innovative interpretation of the evolution of socio-emotional values and their impact on the generational transition. Based on the literature dealing with the Socio-Emotional Wealth (SEW) Theory and the evolution of SEW through the generations leading family firms, the study investigates the contextual conditions, respectively related to family and organisational factors, that interact with SEW and foster the shift to the new generation. The study
investigates a sample of 15 family firms in which the generational transition has already taken place. In conclusion, the research supports the hypothesis of a link between the evolution of the young entrepreneurs values and the successful generational transition and shows that it is not the level of the single socio-emotional component that matters, but rather the complex balance that is produced within each family business, thanks to the interaction between the role of the young entrepreneur on the one hand, and the family and organisational contexts on the other.
Keywords: Socio-Emotional Wealth; Generational transition; Family Firm; Family context; Organizational context; Emotional Attachment; Family Firm Performance.