Harnessing soft innovation resources leads to neo open innovation
Tou, Y., Watanabe, C., Moriya, K., & Neittaanmäki, P. (2019). Harnessing soft innovation resources leads to neo open innovation. Technology in Society, 58, Article 101114. https://doi.org/10.1016/j.techsoc.2019.01.007
Published inTechnology in Society
© 2019 Published by Elsevier Ltd.
Advancement of the digital economy has transformed the concept of the growth crossover in nations and firms, both concerning input and output. Advanced economies have been confronting a dilemma between input increases and output decreases. Contrary to traditional expectations, excessive increase in input has resulted in a productivity decline in output. A solution to this dilemma can only be expected by harnessing the vigor of soft innovation resources that lead to neo open innovation in the digital economy. This paper attempts to demonstrate this hypothetical view. Based on an empirical analysis of the development trajectories of 140 countries and 500 global ICT firms, dynamism, resulting in bipolarization between a virtuous cycle and a vicious cycle between input increases and productivity enhancement, was discovered. Furthermore, an empirical analysis focusing on the development trajectories of two world ICT leaders, Finland and Singapore, identified a mechanism of neo open innovation that assimilates soft innovation resources into a national production system. This mechanism can substitute for research and development (R&D) and removes structural impediments to growth while providing relief from the increasing burden of R&D investment. The above findings provide insightful suggestions for drafting a roadmap towards neo open innovation in the digital economy. ...
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Related funder(s)Research Council 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].
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