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International Journal of Technology Management
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International Journal of Technology Management (54 papers in press)
Abstract: This research examines the trigger for top management team (TMT) unlearning and forgetting in organisational crises and the mechanism of their effects on organisational performance. The analysis uses a total of 2020 panel data from 202 listed firms across ten periods in the Japanese electrical equipment industry from 2008 to 2017, and multiple linear regression analysis using the random-effects model. The results demonstrate that TMT unlearning indirectly promotes organisational performance through the promotion of research and development (R&D) department unlearning. Furthermore, the occurrence of an organisational crisis promotes TMT unlearning and organisational forgetting. This study finds that although R&D department forgetting negatively affects organisational performance, R&D department unlearning has a positive effect, revealing the differences in the effects of forgetting and unlearning on organisational performance. Our study has theoretical contributions to research on organisational learning and organisational change and presents the importance of unlearning to firms and their stakeholders.
Keywords: unlearning; organisational forgetting; department unlearning; department forgetting; relearning; organisational learning; organisational change; top management team; electrical equipment; research and development.
Proactive environmental strategy, environmental innovation and firm performance
by Xiaohong Liu, Zhaokun Guo, Yu Gong
Abstract: This paper investigates to what extent proactive environmental strategy (PES) can enable environmental innovation, and hence firm performance. Applying the theoretical lens of organizational ambidexterity, this study develops a research framework utilizing two PESs, i.e. environmental corporate social responsibility (ECSR) and environmental disclosure; three forms of environmental innovation, i.e. exploitative environmental innovation (EiEI), exploratory environmental innovation (ErEI); and a combination of EiEI and ErEI (CmEI). To examine the proposed hypotheses, a second-hand dataset including 658 Chinese industrial firms collated between 2010 and 2019 was employed for empirical analysis. The results reveal that, EiEI and CmEI can be enabled by both ECSR and environmental disclosure, whereas ErEI is facilitated by these two PESs with some years delay. Consequently, only CmEI has a positive effect on a firms performance. The derived implications for researchers and managers are also addressed.
Keywords: proactive environmental strategy; environmental innovation; organizational ambidexterity; environmental corporate social responsibility; environmental disclosure; firm performance.
How much do green and digital service innovations matter for firm performance? Understanding the mediating role of product creativity
by Mengmeng Wang
Abstract: The sudden outbreak of the COVID-19 pandemic has not only disrupted the worlds economy but has also profoundly changed the internal and external circumstances of its development. Amid this crisis, green and digital service innovations have increasingly become two key factors in sustainable development. Firms have become increasingly committed to meeting consumers growing demand for low-carbon sustainable development. For instance, they have enhanced their engagement in green and digital service innovations. Thus, this research theorizes and empirically examines the relationships among green and digital service innovations, product creativity, and firm performance. More specifically, I attempt to examine whether and how the two strategies affect product creativity in enhancing firm performance. I further consider product creativity to have two specific dimensions, namely, product effectiveness and novelty. Then, I explore how these dimensions contribute to the improvement of firm performance. More importantly, I provide an in-depth understanding of the roles of product effectiveness and novelty in mediating the potential effects of green and digital innovations on firm performance. The study provides insights to management scholars and offers practical guidelines on managerial actions that practicing managers can implement to understand and undertake service innovations in their new product development better.
Keywords: green service innovation; digital service innovation; creativity; firm performance; China.
How does an employees green creativity influence environmental performance? Evidence from China
by Junbin Wang, Yangyan Shi, Mengmeng Wang, Byung Il Park, Michael Yao-Ping Peng, Nianqi Deng
Abstract: In recent decades, the literature has documented the importance of intellectual capital in corporate innovation and competitive edge. However, its influence on employee environmental performance in the Asia-Pacific region remains unclear. In this study, we used three multidimensional intellectual capital dimensions (i.e., green creativity, structural empowerment, and person-organization fit) to test the effects of employees green creativity on their environmental performance in organizational settings via the mediator of structural empowerment and examine whether person-organization fit moderated these effects. Using a sample of 235 Chinese employees working in different industries, we found that green creativity positively influences employees environmental performance. In addition, the effect is mediated by structural empowerment and moderated by person-organization fit. These findings may help firms in the Asia-Pacific region guide their employees daily activities to integrate potential environmental value into green innovation practice to enhance their competitiveness ultimately.
Keywords: intellectual capital; green creativity; structural empowerment; person-organization fit; green innovation.
The technological traits of invention and the exit of high-tech startups
by Congshan Li
Abstract: Exit, either through initial public offering (IPO) or acquisition, represents success but is a low probability event for high-tech startups with technologically novel inventions. We theorize that IPO is a more probable exit route than acquisition for startups with technologically novel inventions, and that this relationship is positively moderated by the scientific knowledge origin and conventionality of inventions. We employ an improved measurement of technological novelty to empirically examine these hypotheses for a sample of healthcare startups. The empirical results support most of our hypotheses and indicate that when the invention of startups is characterized by either high novelty and high scientific knowledge origin or high technological novelty and low conventionality, acquisition might be more probable than IPO as an exit route.rn
Keywords: technological novelty; high-tech startups; exit; IPO; acquisition.
Influence of Social Capital of Innovation Network on Innovation -- the Moderating Effect of Knowledge Sharing and Knowledge Diffusion
by Xin Jin, Min Zhang, Guanghua Sun, Tor Eriksson
Abstract: Using patent data from high-tech firms in China from the years 2007 to 2018 as a sample, this study constructs 3 networks of firm innovation, knowledge-sharing, and knowledge-diffusion to investigate the impact of social capital on exploratory innovation and exploitative innovation. The results indicate that, first, there exists an inverted U-shaped correlation between social capital, exploratory innovation, and exploitative innovation. Second, the knowledge-sharing network has a moderating effect only on the correlation between cognitive capital and exploratory innovation. Third, the knowledge-diffusion network moderates the correlation between social capital of innovation network and different kinds of innovation. This study expands current knowledge on the connotation of social capital theory in innovation networks, and the findings have important practical implications for how firms in various fields use social capital to achieve efficient innovation.
Keywords: Social capital; Innovation network; Exploratory innovation; Exploitative innovation.
Influence of Digital Product Convergence on the Disruptive Susceptibility of Value Networks and the Disruptive Potential: a Replication Case Study of the German Digital Camera Market
by Eva Fritsch, Govinda Ahuja, Stefan Hüsig
Abstract: Convergence and disruption are often observed in digitalized markets however, the relationship between them is not well understood. This paper aims to analyse whether new-market disruptive innovation (DI) caused by a digital product based on convergence has any influence on the concepts of disruptive susceptibility (DS) and disruptive potential (DP). To achieve this, the frameworks created by Klenner et al. (2013) and Keller and H
Keywords: convergence; digital disruption; disruptive innovation; disruptive susceptibility; mobile phone camera; replication; technology forecasting.
Networks and innovation: enhancing the knowledge through a bibliometric network analysis
by Julián Cárdenas, José Luis Ortega, Manuel Fernández-Esquinas
Abstract: The relationship between networks and innovation has become a prominent research area due to the high popularity of network theories and methods to determine the drivers of innovation. However, little consensus on the understanding of networks and sources of innovation has been achieved. To evaluate the current state of the research, we perform a bibliometric analysis of the scientific production of networks and innovation published in journals listed in Scopus. First, we show the characteristics of scientific production: the main disciplines working in the field, the evolution over time, the contributing countries, the international collaborations, and the most cited and referenced publications. Second, through keyword co-occurrence, co-citation, and bibliographic coupling analyses, we pinpoint whether this apparently heterogeneous research area is based on a common or different schools of thought. This is the first comprehensive study offering a general overview of the leading trends in the scientific production of networks and innovation.
Keywords: network analysis; social capital; networking; innovation; bibliometrics.
Compete or Not? Evidence from Global Biopharmaceutical Innovation and Market
by Lili Zhang, Ying Guo, Yi Zhang, Jun Su
Abstract: Its necessary to analyse the technological innovation and market from the global level. We pay attention to the biopharmaceutical industry to study the relationship between them. We find all the technological innovation, market size, and market competition are developing in increasing tendencies generally. But the tendencies change strongly when encountering major events. Market size is more effective than market competition when either one affects technological innovation. Market competition can only bring about slight innovations, but the market size can affect all kinds of innovations. Therefore, the best choice to develop technology is to expand its market, rather than to increase or decrease competition. However, the topic novelty and death still can only be resulted by global major events. At that time, the chance should be seized and cooperation should be emphasized on, since the urgent practical needs will accelerate the development of technology.
Keywords: technological innovation; market competition; market size; biopharmaceutical.
The Co-evolution Mechanism of Policy Mixes and Innovation Ecosystems: a Case Study of the New Energy Vehicle Industry in China
by JIANLONG WU, MENGMENG BAO, ZHONGJI YANG, J.I.N. CHEN
Abstract: Policy mixes have a pivotal effect on the context of innovation ecosystem (IE). However, few studies investigate the relationship between policy mixes and IEs. This study explores the co-evolution process and driving forces of policy mixes and IEs using the case of Chinas new energy vehicle (NEV) industry. The results show that this process can be divided into four phases: layout, consolidation, optimization, and redirection. The driving forces of the co-evolution come from both policy mixes and the IE, including the pull of value adoption, the push of co-innovation, the guidance of policy strategy, the boost of policy instruments and the promotion of policy processes, and different forces play leading roles in different phases. The enlightenment is that policymakers should consider the evolution phases and the main driving forces of each phase.
Keywords: policy mixes; innovation ecosystem; co-evolution; driving force; NEV industry; China; value adoption; policy strategy; policy instrument.
Globalization or Regionalization of Technological Knowledge Learning in Multinational Corporations
by Feng Zhang
Abstract: This study exams the relationship between a global or regional distribution of technological knowledge learning activities of large multinational corporations (MNCs) and firm performance. This study focuses on explorative and exploitative learning activities of the worlds largest MNCs in the electronics and pharmaceutical industries between 1980 and 2018. Herfindahl Index is adapted to measure globalization vs. regionalization as one continuous variable. We find that the regionalization of exploration and exploitation are positively associated with firm innovative and financial performance. For innovative performance, the regionalization of exploration and exploitation is particularly important for pharmaceutical firms. In contrast, the regionalization of exploitation for electronics firms and the regionalization of exploration for pharmaceutical firms contribute to firm financial performance. This study contributes to both the MNC and organizational learning literature and offers managerial implications on organizing technological competence creating activities in large MNCs.
Keywords: Regionalization; globalization; geographical distribution; technological knowledge learning; multinational corporations.
FUNCTIONAL, HEDONIC, AND SOCIAL MOTIVATED CONSUMER INNOVATIVENESS AS A DRIVER OF WORD-OF-MOUTH IN SMART OBJECT EARLY ADOPTIONS: AN EMPIRICAL EXAMINATION IN TWO PRODUCT CATEGORIES
by Zhenzhen Zhao, Marie Haikel-Elsabeh, Patricia Baudier, Damien Renard, Alexander Brem
Abstract: This research aims to consider, in the context of smart objects, the interplay of motivated consumer innovativeness (MCI), satisfaction, and word-of-mouth (WOM). Following earlier behavioral research through three phases of attitudes (cognition, affection, and conation), the study proposes that functional, hedonic, and social MCI (cognition) are positively related to satisfaction (affection), thus positively influencing WOM engagement (conation). In addition, it is shown that functional and hedonic MCI moderate the relationship between social MCI and satisfaction. Two quantitative studies across two smart object categories (1129 users of wearables and 511 users of smart home objects) highlight that both functional and hedonic MCI positively relate to satisfaction and WOM. Though the effect of social MCI on satisfaction is non-significant for smart home objects and very low for wearables, our findings confirmed that social MCI has an indirect impact on satisfaction through functional and hedonic MCI in both product categories.
Keywords: consumer innovativeness; internet-of-things; product adoption; satisfaction; smart home; smart objects; wearable; word-of-mouth.
Creative Transdisciplinary Architectural Design as Means for Realising the Sustainable Development Goals in the Built Environment
by Rana Geith, Sherif Goubran
Abstract: Attaining the sustainable development goals (SDGs) requires solutions synthesising multidisciplinary knowledge. We argue that architecture embraces the creative transdisciplinary required to address sustainable development challenges in the built environment. The paper proposes a framework that builds on how architecture, as a practice, encompasses a series of design-thinking domains with open possibilities, potential, and power for innovation. This framework comprises nine design domains: building technology, building materials, building construction, building management systems, indoor climate, recycling advancements, spatial planning, urban planning, and strategic planning. The framework is used to analyse case studies and to highlight how creative transdisciplinarity, integrated through architectural design, advances the realisation of global goals. The findings emphasise the often synergistic and innovative nature of the architecture solutions that link to multiple design domains with the SDGs. The paper concludes with a matrix that shows the interlinkages between the design domains and the SDGs, revealing a complex array of connections and overlaps.
Keywords: transdisciplinarity; sustainable development goals; SDGs; sustainability; built environment; architecture; design domains.
Cyberpunk as a frame for institutional change through blockchain applications? A narrative analysis of three blockchain projects examining their goals regarding established institutions
by Jan-Peter Schmitten, Julien Bucher
Abstract: Introduced in 2009, the founding narrative of blockchain technologies is one of the failures of the banking system and the disappointed hopes of freedom and democracy of the early internet. Blockchain technologies could rectify the lost trust and fulfil lost hopes by changing institutional arrangements and by removing intermediaries that resemble the corporate behemoths imagined in cyberpunk fiction. Using Greimas actantial-model, this study analyses how cyberpunk references are used by blockchain projects to frame their aims in terms of institutional change for more desirable futures. This study highlights the role of fictional stories in framing innovation and how they can reveal the institutional goals of organisations. A contrasting case without cyberpunk underscores the interpretive flexibility of blockchain technologies in terms of their potential to complement, change, or replace current institutions, leaving the
Keywords: blockchain; institutional change; cyberpunk; framing; narrative; actantial-model.
University incubators and entrepreneurial universities: a case study of the process of setting up a university incubator in a developing country
by Ulvick Houssou, Klaus Peter SCHULZ, Mahamadou Biga-Diambeidou, Serge Abihona
Abstract: Universities can play a role in promoting frugal innovation by encouraging the valorisation and transfer of research to the socio-economic world as well as the development of skills related to the employability of students. Specifically, through the practices it promotes, an entrepreneurial university can encourage innovations that will benefit vulnerable communities and act in response to their challenges. In a context of weak financial support from public authorities, the University of Abomey-Calavi set up a project to promote entrepreneurship that advances frugal innovation. The present study bases its approach on identifying the actors and factors that favoured the development of its incubation program, five years after its implementation. The same applies to the identification of the frugal innovation practices that it puts in place. The results show, among other things, that the university created a specific organisational framework, with a relatively long incubation period, and mobilising resources from local stakeholders.
Keywords: entrepreneurial university; University of Abomey-Calavi; university incubator; frugal innovation; developing countries.
The impact of CSR disclosure and the roles of actors in the innovation ecosystem on firms' green innovation performance
by Si Zhang, Yixin Xie, Peipei Yang
Abstract: This study explores how the disclosure of corporate social responsibility (CSR) influences firms green innovation performance and specifically scrutinises the roles of actors in the innovation ecosystem, including suppliers, users, and governments. We investigate the green innovation performance of 79 listed firms with 337 firm-year observations in China, covering the period from 2006 to 2020. The results show that not only firms' CSR disclosure but also firms' suppliers and users who are experienced in green practices can improve firms' green innovation performance. Moreover, suppliers with much green practice experience are also found to positively moderate the relationship between CSR disclosure and firms' green innovation performance. This study provides a new lens through which to understand the mechanisms of firms' green innovation and provides policy-makers and managers with a different mentality when formulating regulations and innovation strategies.
Keywords: CSR disclosure; innovation ecosystem; green practices; green innovation performance.
Spatial Evolution and Driving Force of Green Technological Innovation in China: The Perspective of Innovation Ecosystem
by Yuxuan Tang, Qiangming Yan, Tingting Xie, Yubin Chen
Abstract: The green innovation ecosystem is a holistic structure, generating synergistic effects of the innovation subjects and innovation milieus, which lead to a distinctive increase in green innovation outputs. However, discussions on the temporospatial characteristics of the evolution pattern and the influential factors behind spatial evolution remain rather limited. This paper analyses the spatial evolution of green technology development with a sample of green patent applications at the provincial level in China from 20092019. It systematises the indicators of innovation actors and external factors for green innovation output, using principle-component methods and establishing geographically weighted regression. The results show that green innovation output appears to diffuse rapidly in China. The evolution of the spatial pattern follows high value concentration diffusing to low value areas. Morans I indicates that the spillover effect of technology demonstrates a strong spatial correlation, driving a balanced development of green technology. The external factors shaping the innovation ecosystem for green innovation mainly stem from the policy and infrastructure environment for green development, while financial resource investment in Chinas green innovation ecosystem is insufficient.
Keywords: green innovation output; innovation ecosystem; Morans index; spatial evolution; technological development.
Technology transfers to whom and why? TERGM analysis across regional green technology transfer network in China
by Yufen Chen, Keping Wang
Abstract: Building and improving the national green technology transfer system is significant for maintaining regional sustainable development. Based on the interprovincial green patent transfer data from 2006 to 2020, this paper constructs China's regional green technology transfer networks (CGTTNs) and studies the evolution of structural properties and the mechanisms of endogenous evolution. Results from social network analysis (SNA) and temporal exponential random graph model (TERGM) show the following. Firstly, the relationships within CGTTN are becoming increasingly close. However, the ability and efficiency of CGTTN organisations to use and integrate supplementary resources still need to be improved. Secondly, CGTTNs experience structural dependence effects, and the Matthew effect is obvious. The technology flow of CGTTNs has hierarchical characteristics, but has not yet formed network clustering. Thirdly, CGTTNs have intertemporal dependence effects, and path dependence and path creation coexist. These findings help provide knowledge to accelerate the diffusion of regional green technology innovation.
Keywords: green technology transfer; social network analysis; SNA; temporal exponential random graph model; TERGM; endogenous evolution mechanism.
Promoting green innovations for SMEs in emerging economies: Exploring the role of value supporters in innovation ecosystems
by Shengxi Yang, Jiaming Yang, Yanting Guo
Abstract: Innovation ecosystems represent one of the effective solutions to drive green innovation in emerging economies. Despite joining the ecosystem, numerous small and medium-sized enterprises (SMEs) still face barriers in the implementation of green innovation. A specific type of complementors within the innovation ecosystem, namely value supporters, plays a pivotal role in facilitating the innovative activities of SMEs, yet the existing research has largely labelled it as a broad term of complementors without differentiating the heterogeneous traits and characteristic behaviours that determine their engagement in value creation activities. Following an inductive approach, we conduct an explorative case study on Bering 3D, a leading 3D printing company in China. Our findings show that the value supporter assists SMEs in achieving green innovation by supplementing, translating, and expanding mechanisms. These mechanisms are efficacious in reducing SMEs innovation resource constraints and boosting their initiative. We contribute to the innovation ecosystem and green innovation literature.
Keywords: value support; innovation ecosystem; green innovation; emerging economy; small and medium-sized enterprises; SMEs.
Use Cross-border M&As to Build Innovation Ecosystems: ESG practices, Governmental Control, and EMNEs' Green Technological Innovation
by Xiaoting Hu, Wenjing Lyu, Rongjia Zhang
Abstract: Multinational enterprises in emerging economies (EMNEs) increasingly leverage cross-border mergers and acquisitions (M&As) to acquire strategic complementary assets to construct their innovation ecosystems. However, how will the EMNEs utilise the interactions between essential actors in their innovation ecosystems (i.e., EMNEs themselves, government, and national innovation systems) to conduct post-acquisition green innovation stays unclear. Based on the data of cross-border M&As completed by Chinese listed manufacturing firms during 20092015, this study finds that EMNEs environmental, social, and governance (ESG) practices positively affect their post-acquisition green innovation. However, the knowledge distance between China and the host countries weakens the relationship. Meanwhile, Chinese governmental control over the economy promotes EMNEs green innovation, and environmental subsidies strengthen the impacts. This study contributes to the innovation ecosystem and international business literature by shedding light on the construction of the innovation ecosystem of technology laggards and synergistically considering the influence of different actors involved and their interactions on EMNEs post-acquisition green innovation.
Keywords: cross-border M&As; innovation ecosystems; green innovation; ESG practices; governmental control over the economy; EMNEs.
Effect of the Digital Transformation of Firms in a Developing Country on their Reverse Innovation: The Complementary Roles of Multi-Contexts
by Xu Chu, Yuntao Bai
Abstract: Reverse innovation (RI) research on multinational companies (MNCs) in developed countries has flourished, while the driving mechanism of RI in firms in developing countries remains understudied. From a resource dependence theory perspective, this study proposes that digital transformation (DT) can serve as a strategic arrangement with convergence, connectivity, and image-shaping functions to help overcome the liability of foreignness of firms in developing countries, thereby facilitating their RI. Our evidence of 17,397 observations from Chinese listed manufacturing companies supports the relationship between DT and RI. Additionally, we find that several contextual factors (e.g., executives' overseas backgrounds (OSB), firms' internationalisation degree (INT), and regional market intermediaries' development (RMI)) facilitate a positive DT-RI relationship by reducing firms' liability of foreignness. Our research contributes to RI's driving mechanism from firms in developing countries through the DT perspective and the awareness of the complementary roles of multi-contexts.
Keywords: digital transformation; DT; reverse innovation; RI; multi-contexts; complementary roles.
Government Support, Director Characteristics and Innovation Performance: Evidence from China's Digital Creative Industry
by Xiaohong Zhou, Zhen Wang, Jieshi Wang
Abstract: The purpose of this paper is to investigate the impact of government support on the innovation performance of digital creative industries and to analyse the moderating role of director characteristics in the innovation process. A two-way fixed effects model and group regression are used to analyse data from 206 Chinas digital creative firms. The findings indicate that government subsidies and tax incentives significantly promote radical and incremental innovation in digital creative firms. Independent technical directors and female directors enhance this promotion effect to different degrees, however, internal technical directors have a suppressive effect on innovation. Our findings can provide suggestions for firms as well as governments to formulate relevant development strategies and regulatory policies.
Keywords: digital creative industry; government subsidies; tax incentives; director characteristics; radical innovation; incremental innovation; China.
How Complementors Deal with Complement Challenges: A Comparative Study of Ports in the Wind Energy Ecosystem
by Alexandra Elena Carst, Ping Lv
Abstract: Complementors enhance the value of the ecosystem's core proposition; however, their complement challenges may evolve into bottlenecks, disrupting the entire ecosystem and threatening its health and development. Considering their ecosystem-level effects, complement challenges have been researched mainly from the focal firm's perspective. However, this study considers the complementors vantage points to explore their approaches to dealing with complement challenges. We rely on the insights of two ports in Denmark and China, which act as complementors in the offshore wind energy ecosystem. Depending on the complexity of complement challenges and their willingness to comply, complementors rely on several approaches, i.e., compliant collaboration, sub-ecosystem building, alignment pursuance, developing an ecosystem perspective, and position leveraging. Although being collaborative and even building a sub-ecosystem seem natural for port-complementors, other approaches fall outside the normal pattern of complementors value-adding role. This study contributes to expanding complementors' views of the management of complement challenges in ecosystems.
Keywords: complementors; complement challenges; innovation ecosystems; bottlenecks; ecosystem alignment; position leveraging; comparative study; wind energy.
Green Technology Innovation Ecosystem Design under the Carbon Neutrality Target: Evidence from a Multiple Case Study in China
by Yimei Hu, Jingqiu Liao, Zhi Su, Ziyang Wang, Tian Wu
Abstract: The adoption of green technologies has become a major challenge for manufacturing enterprises seeking to achieve green transformation. While previous research has mainly focused on developing new green technologies and products, there is a lack of attention on the adoption of mature technologies. This study aims to explore an innovation ecosystem design which may facilitate the adoption of green technologies via specific channels. Using a multiple case study design, this study investigates four representative enterprises in promoting the adoption of green technologies and propose a general framework, identifying four key ecosystem design paradigms and two channels for overcoming barriers to adoption. This study enriches the literature on ecosystem design and contributes to the theory of green transformation by incorporating the ecosystem perspective. The findings also also shed light on promoting the overall green transformation and upgrading the manufacturing industry in emerging economies.
Keywords: green transformation; green innovation; innovation ecosystem; green technology adoption; China.
USING GREEN TEAM CREATIVITY IN DEVELOPING ECO-INNOVATION PROTOTYPES
by Ziska Fields
Abstract: Human actions are pushing life on earth to a sixth extinction. People will need to change the way they live and work together to solve complex green problems. The aim of this study was to show how important it is for the teaching and learning activities in higher education institutions (HEIs) to focus on green teamwork, green creativity and eco-innovation. This is important to prepare and encourage students and graduates to: 1) work in green teams; 2) to use green creativity, eco-innovation and prototyping to find green solutions. The study took the form of a small-group project carried out by 46 masters students at a German HEI. The instruction was that each team had to focus specifically on green issues in the project. They had to select their own green problem using green creativity and solve it using eco-innovation and prototyping. A survey was administered to gather the students views about green teamwork and their overall view of the project, instructions and suggested templates. The findings indicated that HEIs play an important role in green creativity, green prototyping and eco-innovation.
Keywords: collaboration; green problems; higher education institutions; HEIs; novel approaches; project.
(How) does digital transformation promote boundary-spanning strategies? Evidence from Chinese firms unrelated diversification
by Di Zhu, W. G. Will Zhao, Qin Wu, Xiao Zhang
Abstract: The emergence of new generations of digital technologies has presented firms with important strategic opportunities at the corporate level. This study investigates the digital transformation - unrelated diversification link and theorises the role of industry shakeout and the performance expectation gap in said relationship. Our analysis based on the data of Chinas A-share listed manufacturing firms from 2015 to 2020 shows that: 1) the degree of firms digital transformation is positively correlated to the degree of their unrelated diversification; 2) industry shakeout positively moderates the above relationship, i.e., in industries with a higher degree of shakeout, the positive digital transformation-unrelated diversification link is more pronounced; 3) the performance expectation gap negatively moderates the digital transformation-unrelated diversification link, i.e., the greater the performance expectation gap, the weaker the positive correlation between firms digital transformation and their unrelated diversification.
Keywords: digital innovation; unrelated diversification; industry shakeouts; performance expectation gap; corporate strategy; digital transformation.
Does the techno-nationalism approach work for the nations catch-up? - The evaluation of MLP (2006-2020) in China
by Peipei Yang, Xielin Liu, Richard P. Suttmeier, Si Zhang
Abstract: In 2006, China launched the National Middle and Long-Term Plan for Science and Technology Development, 20062020 (MLP), which proposed the indigenous innovation. It is among the most essential S&T policies during the past several decades in China, aiming to catch up with the leading countries. This plan marks a transition of China from the techno-globalism development paradigm to the techno-nationalism paradigm, along with changes in the views toward globalisation, the roles of the state, and the underlying logics. The paper examines this policy's implementation, outcomes as well as the role of techno-nationalism in Chinas catch-up by incorporating the institutional logics perspective. Our analysis demonstrates that, although significant progress has been made in Chinas science and technology, and catch-up has been realised to some degree, improvements are still needed urgently for Chinas further development.
Keywords: techno-nationalism; MLP; indigenous innovation; catch-up; China.
Double-edged sword?The influence of digital technology adoption diversity on knowledge sharing
by Pinglu Zhou, Donghong Li, Pengcheng Ma, Qiwei Zhou
Abstract: Digital transformation is crucial for firms to gain competitive advantages. While many studies focus on digital technologies, they take all digital technologies as the same and fail to explore the heterogeneity of digital technology. Motivated by this gap, this study explores the relationship between digital technology adoption diversity and knowledge sharing. Empirical findings from survey data of 123 large companies indicated that the association between digital technology adoption diversity and external knowledge sharing is inverted-U shaped; the association between digital technology adoption diversity and internal knowledge sharing is linear and positive. Moreover, environmental turbulence, including technological and policy turbulence, plays a moderating role on this relationship. This study expands the knowledge on digital transformation and knowledge management.
Keywords: digital transformation; digital technology; knowledge sharing; environmental turbulence.
Impact entrepreneurship to fight global warming: from utopia to practice
by Carine Sonntag, Gabriela Torres Ramos
Abstract: Team for the Planet
Keywords: real utopia; impact entrepreneurship; sustainable entrepreneurship; sustainable innovation; communities; global warming; grand challenges; netnography; Team for the Planet; TFTP.
Development and application of patent management maturity model: a capability-based perspective
by Yurong Zhang, Wei Yang
Abstract: This paper aims to develop a comprehensive patent management maturity model (PMMM) in order to support organisations to progressively analyse, understand and improve their patent management maturity (PMM). Through a thorough analysis of existing literature and an extensive survey, we have identified core components of patent management capabilities (PMCs) and categorised them into seven dimensions, each comprising two to four key elements. The meticulous description of maturity levels of the elements provides organisations with a clear roadmap for continuous improvement of their PMM. Furthermore, two Chinese manufacturing firms were chosen as examples to demonstrate how the model may be employed and its efficiency. The model is beneficial for assessing the distribution of strengths and weaknesses in various parts of organisations PMCs and for upgrading their PMCs through integrating, building, and reconfiguring patent-related processes, thereby increasing the organisation's capability to make intelligent decisions.
Keywords: patent management capabilities; PMCs; dynamic capability; patent management maturity; PMM; maturity model; maturity levels; China; case study.
Overseas R & D Investment and Enterprise Digital Transformation
by Min Xia, Qianqiang Li, Yang Yang, Yiang Yang
Abstract: Extant research focuses on the antecedents and outcomes of digital transformation in enterprises. This study intends to investigate the driving factors of digital transformation from an international perspective, explicating the relationship between enterprises' overseas R&D investments and digital transformation. Drawing on insights from the perspectives of social networks and resource-based views, we argue that overseas R&D investment can facilitate the digital transformation of enterprises. And this positive effect is strengthened as the enterprise is non-state-owned and conglomerate-affiliated and as its motivation is exploratory learning when it implements its overseas R&D investment. We employ the PSM-DID model and heterogeneity tests to investigate the impact and boundary conditions of overseas R&D investment on digital transformation, using data from Chinese listed enterprises across six manufacturing industries between 2010 and 2018. Our analysis finds supportive evidence. We discuss implications for the burgeoning literature on digital transformation and international business.
Keywords: overseas R&D investment; digital transformation; innovation; PSM-DID; investment motives.
Special Issue on: Intangible Assets and Innovation Management
Abstract: Science-based university spin-offs face considerable technology and market uncertainty over extended periods of time, increasing the challenges of commercialization. Scientist-entrepreneurs can play formative roles in commercializing lab-based scientific inventions through the formation of well-endowed university spin-offs. Through case study analysis of three science-based university spin-offs within a biotechnology innovation ecosystem, we unpack the impact of pre-formation intangible assets of academic scientists (research excellence, patenting, and international networks) and their entrepreneurial capabilities on spin-off performance. We find evidence that the pre-formation intangible assets of scientists endow science-based university spin-offs through the development of their entrepreneurial capabilities. A theory-driven model is developed depicting the role of pre-formation intangible assets and entrepreneurial capabilities in endowing science-based university spin-offs. Recommendations are provided for scholars, practitioners, and policymakers to more effectively commercialize high potential inventions in the university lab through the development and deployment of pre-formation intangible assets and entrepreneurial capabilities.
Keywords: Intangible assets; entrepreneurial capabilities; university spin-offs; scientist-entrepreneurs; academic scientists; dynamic capabilities; pre-formation; firm performance; biotechnology; science-based ventures; international networks.
Abstract: This article explores dual affiliated graduate students, which conduct research involving both universities and firms, which we conceptualize as a form of academic engagement, e.g. knowledge networks. We explore what they do during their studies as well as their perceptions about their contributions to the firms capacities for technology and innovation. So far, university-industry interactions in engineering are less researched than other fields, and this qualitative study focuses upon one department of Electrical Engineering in Sweden. First, we define and describe how the partner firms and universities organize this research collaboration as a form of academic engagement. Secondly, we propose a conceptual framework specifying how graduate students act as boundary-spanners between universities and firms. This framework is used for the empirical analysis, when exploring their perceptions of impact. Our results reveal the details of how they primarily engage in problem-solving activities in technology, which augment particularly the early stages of absorptive capacities in firms. Hence, academic engagement through dual affiliated graduate students relies on very specific activities and purposes of indirect pathways on innovation, which has practical implications.
Keywords: Intangible assets; Dual affiliated PhD students; academic engagement; engineering; university-industry interactions; collaborative research; boundary spanner; absorptive capacity; engineering.
The Relationship Between Creative Slack as an Intangible Asset and the Innovative Capabilities of the Firm
by Patrick Cohendet, Olivier Dupouet, Raouf Naggar, Romain Rampa, Laurent Simon
Abstract: The notion of creative slack purposefully refers to the notion of organizational slack proposed by Penrose (1959), who suggested that managers in organizations always have some stock of unused resources that inevitably accumulate when developing projects and are the primary factors determining the growth and innovation of the firm.\r\nIn this contribution, we aim at adding a new dimension to the notion of organizational slack: Our view is that in many innovative organizations the slack of unused ideas is essentially a creative one, which is accumulated in diverse communities through multiple projects. This creative slack is as a key intangible asset and a source of knowledge creation and innovation. \r\nTo explain how organizations may benefit in terms of innovation of the creative slack accumulated by communities , we rely on the analysis of two case studies, that of the Hydro-Quebec research institute (IREQ), and of Ubisoft Montreal.\r\n
Keywords: organizational slack; creative slack; communities; innovation capabilities; intangible asset; growth of the firm.
Knowing thy Neighbor: Creating and Capturing Value from a Firms Alliance Experiences
by Desmond Ng, Leonardo Sánchez-Aragón, Chrystol Thomas-Winston
Abstract: Intellectual Assets, especially its relational forms, have become increasingly important to explain a firm's innovation. To examine relational forms of intellectual assets (IA), this study theoretically and empirically advances a concept of alliance management capability (AMC) to explain the value creation and capture aspects of a firms innovation process. The concepts of Value-Creating Alliance Experiences (VCAE) and Value Capturing Alliance Experiences (VCPAE) were introduced in which a firms ability to learn from these alliance experiences increases the firms ability to discover and govern partnerships that bring the firms innovations to market. Hypotheses were developed and empirically examined in the biotechnology industry. A contribution of this study is that a firms VCAE and VCPAE introduce a greater openness to a firms innovation process. This openness enables a firm to better adapt and respond to the opportunities of the market and thus impact a firms competitive advantage to innovate.
Keywords: Relational Intellectual Assets; Alliance management Capability; Innovation.
INTANGIBLE ASSETS AND THE PRODUCTIVITY SLOWDOWN
by Cristiano Antonelli, Guido Pialli
Abstract: Over recent decades, advanced economies have been characterized by reduced rates of productivity. In this article, we advance the hypothesis that one of the potential causes of this trend might be the new knowledge capitalization practices. Capitalization of intangible assets is justified by the limited exhaustibility of knowledge, which implies its slow obsolescence and, hence, having the potential of being capitalized to reflect its prolonged period of contribution to productivity. However, the capitalization of an increasing proportion of the assets that initially were accounted for as labour or intermediate inputs is having a direct effect on increasing capital and theoretical output and reducing Total Factor Productivity (TFP). Our empirical analysis based on US-listed firms shows that the capitalization of knowledge strongly reduces both the levels of TFP and, because of its fast increase in the last two decades, its rates of growth.
Keywords: Total Factor Productivity; Intangible capital; Productivity slowdown; Technology production function; Output elasticity of knowledge.
Special Issue on: The Role of Technological Innovation for Pandemic Fighting The Case of COVID-19
by Gabriel Souto Fischer, Vinicius Facco Rodrigues, Rodrigo Da Rosa Righi, Cristiano André Da Costa, Lucas Micol Policarpo, Rafael Gustavo Gaspar Silva
Abstract: Health institutions and hospitals are essential in ensuring the appropriate treatment of human health. One of the major concerns is the increasingly overcrowded patients care queues, who end up waiting for longer times without adequate treatment for their health situations. The global COVID-19 pandemic heightened this problem. In an increasingly connected environment, such as smart cities, people's health can be monitored, so scenarios requiring medical support can be identified beforehand. Looking at the literature, we did not find comprehensive surveys that address smart cities' approaches to handling the pandemic landscape. Based on this background, we propose a systematic literature review discussing the following issues: involved players and their interactions, processing techniques to generate value for the population, smart city architectures to cover pandemic situations, and data standards and technologies applied in this context. We have studied 58 articles, answering research questions regarding the abovementioned topics. As contributions, we add to the literature a state-of-the-art vision regarding challenges, open issues, and trends in the combination of smart cities and their support for pandemic situations.
Keywords: Smart cities; Health; Sensors; Taxonomy; Pandemic; Healthcare environments; Survey.
The Impact of New Media Technologies on Persuasive Communication in the Time of Global Crisis
by Talayeh Ghofrani
Abstract: Corona Virus global pandemic and the growing need of governments and health organizations to direct respected societies to conduct new behaviour and health protocols have stressed the critical role of persuasive communications. This paper intends to show how new digital technologies and social platforms have provided the effective tools and techniques required for such purposes. The paper focuses on different aspects of technology changes in persuasive communications, elaborates the critical factors for a persuasive strategy to be more effective, and shows how these factors can be used. The study classifies the main factors in provision and likelihood of acceptance of persuasive content and the role that technology plays in each factor. It also provides a new method for governments and health organizations to actuate the public into appropriate responses to the outbreak.
Keywords: Persuasive Communication; Persuasive Technologies; Persuasive Contents; New Media Technologies; COVID-19.
Does Technological Proximity Accelerate Innovation Speed in R&D Collaboration? The Evidence of Rapid Vaccine R&D for Fighting COVID-19 Pandemic
by Xintong Wu, Weinan Wang
Abstract: With the urgency of COVID-19, international appeals encourage worldwide collaborations in rapid vaccine R&D. Rapid R&D projects raise the priority of innovation speed and call for the reconsideration of R&D collaboration mechanisms. This research focuses on R&D collaboration teams and examines the impact of technological proximity on innovation speed and its contingencies absorptive capacity and government involvement. Specifically, adopting the data of COVID-19 vaccine R&D projects from the WHO database, the results indicate that in R&D collaboration, technological proximity among partners makes an inverted U-shaped effect on innovation speed, which is positively moderated by the teams absorptive capacity. However, the moderating effect of government involvement is insignificant. This result provides implications for government officials and developers to balance technological similarity and heterogeneity, choose cooperation partners based on technological proximity, and achieve innovations rapidly.
Keywords: Vaccine R&D; Rapid R&D programs; R&D Collaboration; Innovation Speed; COVID-19.
The preventive value effect of firm innovation: The impact of COVID-19
by Hongjun Xiao, Zhen Yang, Hongcheng Ling, Zhe Zhang
Abstract: The COVID-19 pandemic has exerted great pressure on firms to secure their survival and transformation in the face of external shocks. Firm innovation is an important way to effectively respond to external shocks and improve the contingency and dynamic capabilities of enterprises. This study uses Chinas Shanghai and Shenzhen A-share listed companies as the research sample to examine the preventive value of firm innovation given the impact of COVID-19 and verifies the moderating effect of enterprise internal control and corporate social responsibility. The findings show a significant positive correlation between firm innovation and cumulative excess return during the event window. The moderating effect test shows that internal control and corporate social responsibility have a positive moderating effect on the relationship between firm innovation and the event window, indicating that the two can enhance the preventive value of firm innovation in light of COVID-19.
Keywords: COVID-19;Firm innovation; Preventive value; Corporate social responsibility; Internal control; Stakeholders.
How Influencing Factors of Intention to Use Smart Watches Changed in Pandemic Times in Germany A Comparison
by Kristina Hall, Severin Oesterle, Laura Watkowski, Christoph Buck
Abstract: The use of smart wearables, especially smartwatches, has increased significantly in recent years. Driven by the COVID-19 pandemic, personal self-tracking has never been more relevant. However, it is not yet clear which factors, functional or non-functional, influence the pre-adoption of smartwatches and to what extent the COVID-19 pandemic has changed their weighting. To address this research gap, we reviewed the relevant literature and subsequently developed a conceptual model based on existing acceptance models and analysed our online gathered empirical data using structural equation modelling. Our findings reveal significant differences over time, mainly driven by non-functional characteristics (i.e., perceived aesthetics, perceived price, perceived enjoyment). In addition, fashion consciousness seems to influence the relationship between perceived haptics and intention to use only during pandemic times. Our findings shed light on the importance of contextual behavioural changes on technology use and provide practical and theoretical implications for manufacturers, users, and society.
Keywords: COVID-19; mHealth; intention to use; functional and non-functional factors; PLS-SEM; online survey; TAM; wearables; smart watches.
Firm and non-firm actor collaborations as a determinant of countries readiness, progress and success for developing COVID-19 vaccines
by Jahan Ara Peerally, Claudia De Fuentes, Fernando Santiago, Julia Paranhos
Abstract: Using the national technological capability (NTC) approach, we examine the influence of different configurations of firm and non-firm actors collaborations on countries level of readiness, progress and success for developing a COVID-19 vaccine. We create a country index which captures the spectrum from readiness, progress to success. The effects of NTC macro-level determinants and the micro-level collaborations on the index are informative. Higher levels of progress and success by countries are determined by (i) NTCs which focus on sound supporting healthcare institutions; (ii) advanced NTCs and advanced biopharmaceutical sector capabilities which also lead to better global collaborations by firm and non-firm actors; and (iii) non-firm sector collaborations. For lower readiness and progress countries, (i) the bulk of knowledge for developing a vaccine reside in interfirm collaborations; and (ii) non-firm collaborations negatively impact their readiness, progress, and success. We discuss the implications of these results for policy, practice, and future research.
Keywords: COVID-19; vaccine; national technological capabilities; firms; non-firms; collaborations.
Special Issue on: Technology Management in Carbon Neutrality Challenges, Methods and Applications in Industry 4.0 Era
by Xiaoshan Yang, Yan Jiang, Xiaowei Chen, Fu Jia
Abstract: The emergence of e-commerce has rejuvenated Chinas backwards and poor remote rural areas. However, knowledge about how information and communication technology (ICT) develops e-commerce business in rural areas is still limited. From the perspective of adaptive structuration theory (AST), we conducted an in-depth case study of four typical e-commerce companies in Chinas rural areas. The findings suggest that, facilitated by ICT, the development of rural e-commerce consists of the formation of platform strategy (including quality management and revenue structure) and the enactment of related services (including supply chain management and marketing services). This process is influenced by firm-specific characteristics and ultimately leads to the intended/unintended outcomes for e-commerce companies and rural development. This study contributes to the information systems (IS) literature by explaining how e-commerce companies utilize ICT to develop their e-commerce business in rural areas from a novel AST perspective.
Keywords: ICT; e-commerce business; case studies; adaptive structuration theory; China.
Impact of Green Subsidies on Green Innovation of Environmental Service firms in China
by Xiaofeng Xu, Xiangyu Chen, Yiqi Li, Guangrui Jiang
Abstract: This research investigates the influence of green subsidies on the green innovation of environmental service firms using multiple linear regression. It covers the years 2014 through 2020 for environmental service firms listed on the Shanghai and Shenzhen stock exchanges. The results demonstrate that (1) green subsidies can encourage the green innovation of environmental service firms, and research and development (R&D) investment mediates this effect; (2) the intensity of environmental regulation moderates the relationship between R&D investment and green innovation in a negative manner; and (3) in less developed regions, green subsidies are more effective for promoting green innovation. These findings may assist the Government in establishing green subsidy programs and developing sensible environmental policies to promote the green development of environmental service firms.
Keywords: green subsidies; green innovation; environmental regulation; environmental service.
A Study on the Influence of Government Subsidies on Enterprises Innovative Performance in Chinese Patent-Intensive Industries
by Yifan Zhang, Yunfei Liu, Jingjing Wang, Nuozhou Huang
Abstract: The purpose of this article is to analyze the impact of government subsidies on investments in research and development (R&D) and the innovative performance of Chinese patent-intensive industries. Patent-intensive industries listed on the Shenzhen and Shanghai Stock Exchanges from 2013 to 2019 were chosen as the research samples, and the study methods included univariate linear regression and exponential regression analyses. The principal results were as follows: (1) Government subsidies had a direct positive effect on firms' innovative performance, and R&D investment played a mediating role. (2) This facilitation effect was greater in state-owned enterprises. (3) The facilitation was also higher in the Greater Bay Area. Accordingly, the government should increase innovation R&D subsidies for patent-intensive enterprises, while enterprises should improve their R&D capabilities, thereby boosting their efficiency of innovation transformation.
Keywords: Government subsidies; R&D investment; innovative performance.
How does Product Innovation Affect the Performance of University-industry Collaboration? A Dynamic Knowledge Transfer Perspective
by Huiyong Yi, Qian Zhang
Abstract: Product innovation is gradually being noticed in university-industry collaboration (UIC), yet research on its impact on performance is scarce. A dynamic knowledge transfer perspective is presented in our paper, which is an integration of the dynamic nature of knowledge transfer and dynamic strategies, exploring R&D effort strategies in UIC. Further, we apply a Stackelberg differential game to portray the knowledge transfer process and investigate how product innovation affects UIC performance. The results indicate that in the scenario where the leadership positions of the two participants can be interchanged, stronger performance occurs in the case of university leadership. Equilibrium strategies that maximize the revenues always exist no matter who is the game leader, and revenues are U-shaped correlated with product innovativeness. Intriguingly, our research shows that enterprises' revenue-sharing ratios don't always lead to higher profits. Our study provides several insights for both universities and firms.
Keywords: university-industry collaboration; performance; knowledge transfer; Stackelberg differential game.
Do carbon emissions trading pilots effectively reduce CO2 emissions? County-level evidence from eastern China
by Jian Yang, Chunli Liu, Xin Liu
Abstract: Over the past few years, China has been committed to effectively controlling greenhouse gas emissions and achieving peak the carbonemissions in 2030 and carbon neutrality in 2060. For these purposes, China has taken a series of measures to strengthen intervention in industrial carbon emissions, among which the most important is a pilot project on carbon emissions trading since 2013. Few previous studies conducted on the emission-reduction effect of pilot projects have been from a county-level perspective. In this study, we employ a differences-in-differences method to empirically estimate the policy effect of such a pilot project, based on county-level data covering 413 units in eastern China. Our major findings show that carbon emissions trading polits have an effective emission-reduction effect on carbon dioxide (CO2) emissions, while reporting a positive correlation with CO2 emission intensity. Another major finding is that the Environmental Kuznets Curve holds for the relationship between carbon emissions and economic growth. Our findings on the trading pilot suggest that governments at all levels should continue promoting a trading market framework that considers the regional heterogeneity. Additional measures should also be taken to create positive policy effects on carbon efficiency.
Keywords: carbon emissions trading pilot; CO2 emissions; CO2 emission intensity; emission-reduction effect.
Special Issue on: Practising Continuous Innovation in Digital Ecosystems – Part II
by Siri Jagstedt, Niklas Mellegård, Kenneth Lind
Abstract: In the automotive domain, as an example of cyber-physical systems, continuous software deployment is actively explored to deliver increasingly capable features to existing fleets of vehicles. The distributed nature of software coupled with tight hardware integration and potentially tremendous variability between vehicles make ensuring compatibility of updated software a significant challenge - both technically and managerially. While the automotive industry commonly forms larger multi-brand organisations to utilise economies of scale, processes for continuous deployment contradictory assumes a single organisation with full control. This paper sets out to shed light on challenges of adopting continuous deployment in the context of such a multi-brand cyber-physical systems organisation. Following a case study, the paper describes a tension between the managerial perspective concerned with platform strategies, and the engineering perspective responsible for developing products from those platforms. The paper highlights software dependencies as a barrier to continuous innovation of cyber-physical systems in multi-brand organisations.
Keywords: dependencies; product architecture; cyber-physical system; continuous deployment; continuous innovation; automotive; multi-brand organisations; product platform; agile software development; continuous integration.
Fostering innovations for a better society: the role of markets for ideas
by Anna Paola Codini, Tindara Abbate, Najeeb Arghistani
Abstract: Markets for ideas can be defined as a virtual marketplace creating connections and relationships between individuals and organisations selling their ideas and inventions (knowledge solvers) to companies searching for innovative solutions (knowledge seekers). The potential social contribution of markets for ideas is particularly important today, as the collaborative approach of both private and public organisations is considered timely in facing pressing societal challenges. In light of the peculiarities emerging when it comes to developing open social innovations, this paper seeks to investigate how markets for ideas may contribute to foster socially impactful ideas. The objective is to examine if and how specific activities of markets for ideas play a significant role in highlighting the ideas proposed, and in transforming them into successful social innovations. This study outlines options for markets for Ideas as for the actors supported by these markets in developing innovative solutions for a better society.
Keywords: markets for ideas; MFIs; open social innovation; knowledge owners; knowledge seekers; Enterprise Europe Network; EEN.
Investigating manufacturing companies value co-creation approaches during servitisation
by René Chester Goduscheit, Troels Christian Andersen, Andrew Hof, Troels Behrenthz Andersen, Henrik Blach
Abstract: Despite the enhanced interest in digital technologies as a means for SMEs to create new service offerings, little is known about how value co-creation is approached across business boundaries. Using the service-dominant (S-D) logic lens, we analyse how SMEs co-create value with their customers and other network partners. Drawing on qualitative data on 43 case companies, the findings of this study reveal five value co-creation approaches: awareness creation, experimentation, platform-orientation, process-orientation and acceleration. Theoretically, we contribute to the S-D logic literature by conceptualising different value co-creation approaches as adaptive strategies and their underlying mechanisms that companies practise during digital servitisation processes.
Keywords: service-dominant logic; digital servitisation process; value co-creation approaches; value mechanisms; dynamic environment.
The untold story of the inherent tensions in the assessment of servitisation success - a conceptual approach
by Michael Engkær Engsig Madsen, René Chester Goduscheit
Abstract: This study discusses the paradoxes that arise from differing perceptions of servitisation success and spotlights potential external and internal tensions. We seek to establish a more profound understanding of the servitisation concept, and by conducting a typology-based conceptualisation on the basis of a systematic literature review, we include prior studies on servitisation success in relation to the definitional differences within servitisation. Employing the theory of organisational identity, this study presents a range of paradoxes that lead to internal and external tensions potentially hindering the servitisation transformation. It presents a series of theoretical contributions; including a revised methodological view of servitisation success that can be employed in future studies.
Keywords: servitisation; servitisation success; operationalisation; internal tensions; external tensions; paradox; typology-based conceptualisation; systematic literature review.
Exploring the opportunities of blockchain-enabled coopetition: learnings from the wind turbine industry
by Kristoffer Holm, René Chester Goduscheit
Abstract: The paradoxical nature of competitors collaborating, known as coopetition, is a phenomenon of increasing importance in a world that is becoming progressively integrated through digitalisation. This paper is among the first to explore the potential opportunities and limitations of blockchain as an enabler of coopetition. The distributed nature and cryptographic capabilities of the blockchain challenges the dichotomous view of coopetition - collaborate or do not collaborate - through its technological flexibility regarding information-accessibility. This paper focuses on the empirical setting of the wind turbine industry, in which a multilateral instance of coopetition is taking place with five turbine manufacturers and 11 first tier suppliers being involved in developing new standards for the industry. Limiting factors for coopetition and blockchain are found to be based in social contexts such as competence- and integrity-based trust, and in legal context with competition laws hindering the extent to which coopetition can occur.
Keywords: blockchain; coopetition; interorganisational collaboration; competition; cooperation; technology management; case study; information-sharing.
Categorisation of mergers and acquisitions in Japan using corporate databases: a fundamental research for recommendation
by Bohua Shao, Kimitaka Asatani, Ichiro Sakata
Abstract: Mergers and acquisitions (M&A) are recognised as an important strategy for corporate growth. In practice, M&A business requires significant time and energy investment and often fails. Hence, scientific M&A recommendation research is needed under such conditions. This study focuses on M&A categorisation, which is fundamental for M&A recommendation. In this study, we used M&A data, financial data, and corporate data for M&A analysis. We found that the comparison of some financial indicators between the pairs of companies is informative for their relationships. We designed 14 features and used K-means clustering to categorise M&A cases. The 14 features are the features of acquirers, target features, and their relationship features. The M&A cases are categorised into clusters of distinctive characteristics such as additional consideration, high leverage, abundant experience, and more. Finally, we anticipated the M&A motivations of each cluster from these characteristics as well.
Keywords: artificial intelligence; AI; clustering; mergers and acquisitions; M&A; prediction; recommendation; Japan.
Technical evolution and prediction of blockchain based on different evolution patterns by text mining and bibliometric methods
by Huiying Zhang, Runbo Zhao, Zuguo Yang
Abstract: Given the disruptive changes that blockchain has brought to various industries, the profound evolutionary paths of blockchain technology (BCT) can help to comprehend it better. Thus, this paper investigates BCT from a technology management perspective that includes three parts: 1) topic identification; 2) topic evolution analysis; 3) topic prediction. In the first part, the major application fields and annual topics of BCT are identified based on cluster analysis and the hierarchical Dirichlet process (HDP), respectively. The second part calculates the topic importance and similarities amongst annual topics. Five evolutionary patterns were obtained based on the similarity relations. In the last part, both emerging and lasting topics are predicted by considering their importance and evolutionary patterns. The findings are substantial and interesting, including five main BCT-application fields, several emerging and lasting technical topics and the two longest evolutionary paths.
Keywords: blockchain technology; BCT; topic relationship; evolutionary pattern; topic prediction; text mining; topic importance; hierarchical Dirichlet process; HDP; technical evolution; emerging technology.