Neo Open Innovation in the Digital Economy : Harnessing Soft Innovation Resources
Tou, Y., Watanabe, C., Moriya, K., & Neittaanmäki, P. (2018). Neo Open Innovation in the Digital Economy : Harnessing Soft Innovation Resources. International Journal of Managing Information Technology, 10(4), 53-75. https://doi.org/10.5121/ijmit.2018.10404
© the Authors & AIRCC, 2018.
Successive increases in R&D that creates new functionality are essential for global competitiveness. However, unexpectedly, as a consequence of the two-faced nature of information and communication technology (ICT), excessive R&D results in a marginal productivity decline leading to a decrease in digital value creation. In order to overcome such a dilemma, global ICT firms have been endeavoring to transform themselves into disruptive business model. Neo open innovation that harnesses soft innovation resources may be a solution to this critical question. On the basis of an empirical analysis focusing on forefront endeavors to this dilemma by global ICT firms, this paper attempted to demonstrate the above hypothetical view. Noteworthy findings suggestive to transforming the traditional business model into disruptive innovation that satisfies people’s demand corresponding to their shift in preferences in the digital economy is thus provided. In addition, a new concept for R&D resources in the digital economy is postulated. ...
PublisherAIRCC Publishing Corporation
Publication in research information system
MetadataShow full item record
Related funder(s)Academy of Finland
Funding program(s)Strategic research programmes, AoF
Additional information about fundingThe research leading to these results is the part of a project: Platform Value Now: Value capturing in the fast emerging platform ecosystems, supported by the Strategic Research Council at the Academy of Finland [grant number 293446]
Showing items with similar title or keywords.
Baber, William W.; Ojala, Arto; Martinez, Ricardo (University of Hawai'i at Manoa, 2019)How do business models evolve when technology-based firms move from physical distribution channels to digital distribution platforms? This is an important question, since digitalization of distribution platforms provides ...
A solution to the dilemma between R&D expansion and the productivity decline : lessons from the R&D models in Amazon and Finland Tou, Yuji; Watanabe, Chihiro; Moriya, Kuniko; Neittaanmäki, Pekka (AIRCC Publishing Corporation, 2019)As a consequence of the two-faced nature of information and communication technology (ICT), a majority of ICT leaders have been confronting the critical problem of a dilemma between R&D expansion and productivity decline ...
Naveed, Kashif (University of Jyväskylä, 2017)The Internet has dramatically changed business dynamics and our daily lives by providing extraordinary services and welfare never anticipated before. However, productivity in industrialized countries has confronted an ...
Watanabe, Chihiro; Tou, Yuji (Elsevier, 2019)Amazon jumped up to the world's top Research and Development (R&D) firm in 2017. Such a rapid and notable increase in R&D investment has raised the question of a new R&D definition in the digital economy, which Amazon ...
Tou, Yuji; Moriya, Kuniko; Watanabe, Chihiro; Ilmola, Leena; Neittaanmäki, Pekka (AIRCC Publishing Corporation, 2018)While Finland and Singapore have been maintaining world digital leaders position, they demonstrate interlaced contrast: high welfare with low GDP growth in Finland and higher GDP growth with lower welfare in Singapore. ...