Early stage value co-creation network – business relationships connecting high-tech B2B actors and resources: Taiwan semiconductor business network case

2018 ◽  
Vol 33 (4) ◽  
pp. 478-494 ◽  
Author(s):  
Changhyun Park ◽  
Heesang Lee
Keyword(s):  
Value Chain ◽  
Technology Development ◽  
Early Stage ◽  
Theoretical Research ◽  
High Tech ◽  
Business Relationships ◽  
Multiple Sources ◽  
Content Type ◽  
Business Application ◽  
Relationship Benefits

Purpose The purpose of this study is to identify the types and features of business relationship when the value co-creation phenomenon is extended to an early stage of the value chain, in which technological innovation is essential, in a high-tech business-to-business (B2B) market. Design/methodology/approach The methodology of building a theory from a case study is adopted in this study to propose an early-stage value co-creation network. Qualitative data are coded on the basis of grounded theory coding after collecting the triangulation data from multiple sources. Findings In a high-tech B2B market, three types of business relationships (supplier–customer mutual, supplier-centric and network-based business relationships) co-create values at an early stage of the value chain. Intellectual resource, efficiency resource and supplier-centric business relationships are uniquely found in this stage. Research limitations/implications This study provides new insight suggesting that the notion of value co-creation can be extended to early stages of the value chain in a high-tech B2B market. In addition, this research identifies vital business relationships and how these relationships develop successfully at an early-stage value co-creation network in a high-tech B2B market. Practical implications Technology development managers at an early stage of the value chain can co-create relationship benefits by building proposed business relationships integrating resources in a high-tech B2B market. In addition, marketing managers should consider the early stage as another source of value co-creation. Originality/value The notion of value co-creation is extended from the later stage to an early stage of the value chain in a high-tech B2B market. Consolidated framework of a value co-creation network integrating actors, resources and relationships, suggested in this study, will be valuable for further theoretical research and business application.

The cooperation-competition interplay in the ICT industry

2018 ◽  
Vol 33 (4) ◽  
pp. 495-505 ◽  
Author(s):  
Emilene Leite ◽  
Cecilia Pahlberg ◽  
Susanne Åberg
Keyword(s):  
Single Case ◽  
High Tech ◽  
Project Leader ◽  
Business Relationships ◽  
Business Network ◽  
Content Type ◽  
Industrial Marketing ◽  
Technology Industry ◽  
Information And Communication ◽  
Ict Industry

Purpose Building on a business network perspective, the paper addresses the following question: Why do firms move between cooperation and competition in the context of high-tech industry? Hence, the purpose of this study is to contribute to the understanding of the complex cooperation–competition interplay between actors in a business network. Design/methodology/approach A single case study within the information and communication technology industry is undertaken and illustrates the cooperation–competition interplay in projects of technology. Findings The authors discuss the implications of interdependence on relationship dynamics. The main argument is that business relationships survive despite periods of competition if interdependence is high. Thus, firms move between a state of cooperation and a state of competition within business relationships, rather than ending the relationships when starting to compete. Practical implications This study suggests that managers need to pay attention to how different degrees of interdependence lead firms to be embedded in cooperative or competitive forms of relationships. Originality/value The paper contributes to the ongoing debate about cooperation, competition and coopetition within international business and industrial marketing literature. An interesting aspect in the paper is the cooperation–competition interplay, which is associated with positioning. A centrally positioned actor will choose who to bring into the partnership, with positioning concomitantly changing from project to project. The willingness of being a central actor, i.e. a project leader, places traditional buyer–supplier partners in competition. Thus, cooperation and/or competition becomes contextual.

Does usage of enterprise social media affect employee turnover? Empirical evidence from Chinese companies

2019 ◽  
Vol 29 (4) ◽  
pp. 970-992 ◽  
Author(s):  
Lu Yingjie ◽  
Shasha Deng ◽  
Taotao Pan
Keyword(s):  
Social Media ◽  
Theoretical Model ◽  
Empirical Evidence ◽  
Employee Turnover ◽  
Theoretical Research ◽  
High Tech ◽  
Content Type ◽  
Enterprise Social Media ◽  
Job Levels ◽  
Social Use

Purpose The purpose of this paper is to examine how the usage of enterprise social media (ESM) affects eventual employee turnover. Design/methodology/approach This study developed a theoretical model based on the proposition that different ESM usage behaviors (utilitarian use, hedonic use and social use) have different effects on employee turnover, and job type and job level can moderate the effect of ESM usage on turnover. The model was examined empirically using 1,791 employee samples from a large high-tech manufacturing enterprise deploying ESM. Findings The results indicate that the utilitarian and social use of ESM has negative effects on turnover, but the hedonic use of ESM has positive effects on turnover. Furthermore, for employees working in different job types and job levels, there are significant differences concerning the effect of ESM usage on their turnover. Practical implications ESM managers should encourage employees to use ESM for utilitarian needs and social support but restrict excessive use of ESM for leisure. In addition, different ESM use policies depending upon job types and job levels could be adopted to retain valuable employees. Originality/value Few studies have focused on how usage of ESM affects eventual employee turnover. Given the lack of theoretical research and empirical evidence, the authors developed a theoretical model and conducted an empirical study to fill the research gap.

Coopetition among nascent craft breweries: a value chain analysis

2018 ◽  
Vol 25 (1) ◽  
pp. 2-16 ◽  
Author(s):  
David J. Flanagan ◽  
Douglas A. Lepisto ◽  
Laurel F. Ofstein
Keyword(s):  
Value Chain ◽  
Small Firms ◽  
Technology Development ◽  
Study Data ◽  
Relationship Building ◽  
Future Research ◽  
Chain Model ◽  
Value Chain Analysis ◽  
Process Technology ◽  
Content Type

Purpose The purpose of this paper is to employ an inductive approach to explore how small, nascent, firms in the craft brewing industry use cooperative behaviours with direct competitors to achieve their goals. Design/methodology/approach Data were gathered from interviews with the founders of seven small, newly established, craft brewers in a Midwestern city in the USA for this exploratory study. Data analysis followed the general tenants of inductive coding. Porter’s value chain model was used as a framework to organise and conceptualise the coopetitive behaviour uncovered. Findings The firms engage in cooperative behaviours with their direct competitors in areas such as process technology development, procurement, inbound logistics and marketing. A particularly interesting and common collaborative activity was breweries recommending/promoting competing breweries to their own customers. Practical implications This study provides clear examples of how relationship building with competitors could be advantageous and help small, nascent firms overcome the liabilities of newness and smallness. Originality/value Research on coopetition has called for a greater understanding of the nature of cooperative behaviours in small firms, start-ups and firms outside of high-technology industries. Moreover, research has called for finer-grained approaches to conceptualising coopetition. This paper fills these gaps and shows how Porter’s value chain is a useful tool for organising the types of collaborative behaviours that can be part of coopetition. The findings enhance understanding and facilitate future research by illustrating a broad array of cooperative activities that occur between direct competitors.

Is foreign technology acquisition to complement or substitute for internal technology development? A case of manufacturing enterprises in Vietnam

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Ngoc Minh Nguyen ◽  
Huong Thu Dang ◽  
Minh Khac Nguyen ◽  
Mai Lan Mai PHung
Keyword(s):  
Technology Development ◽  
Budget Allocation ◽  
High Tech ◽  
Foreign Technology ◽  
Content Type ◽  
Technology Acquisition ◽  
Manufacturing Enterprises ◽  
Complementary Effect ◽  
Innovation Rate ◽  
Technology Surveys

Purpose This paper aims to examine whether foreign technology acquisition is complementary to internal technology development in the context of a developing country. Design/methodology/approach The selection model developed by Heckman (1979) was applied with the balanced panel data of manufacturing enterprises from the Annual Enterprise and Technology Surveys from 2012 to 2016 conducted by the Vietnamese General Statistics Organization. Findings The results indicate that foreign technology acquisition and internal technology development are complementary innovation options. Particularly, the number of patents granted for manufacturing enterprises positively affects the probability that enterprises acquire foreign technologies. This effect is stronger in cases of high-tech industries than in cases of low-tech industries. Research limitations/implications Regarding the relationship between internal technology development and foreign technology acquisition, the findings suggest that adoption of foreign technology acquisition and priority in budget allocation for foreign technology acquisition are different in nature and that budget allocation is a more complex issue and may depend on other factors. Practical implications For developing countries, governments should adopt policies supporting domestic enterprises in acquiring technologies from advanced countries that could complement the locally developed technologies. These supports should focus on the high-tech or high-innovation rate industries. Originality/value In the context of a developing economy, the complementary effect of internal technology development and foreign technology acquisition is stronger in cases of the high-tech industries than in cases of the low-tech industries.

Sukukrisks – a structured review of theoretical research

2019 ◽  
Vol 10 (1) ◽  
pp. 35-49 ◽  
Author(s):  
Rashedul Hasan ◽  
Abu Umar Faruq Ahmad ◽  
Tamiza Parveen
Keyword(s):  
Capital Markets ◽  
Design Methodology ◽  
Early Stage ◽  
Theoretical Research ◽  
Content Type ◽  
Specific Category ◽  
Potential Problems ◽  
Compliance Requirements ◽  
Practical Implications

PurposeThe key purpose of this study is to make awareness for faithful Muslims who are interested to invest in Islamic capital markets so as to enable them making right decision while considering investment inSukukover conventional interest-bearing bonds.Design/methodology/approachThis study reviews past literature to analyse contemporarySukukrisks and discusses several mechanisms to mitigate those risks.FindingsThe study shows thatSukukcan be good alternatives to conventional bonds.Sukukstructures need to be further developed to fulfil theSharīʿahcompliance requirements.Research limitations/implicationsThis study is exploratory in nature, and as such, it seeks to identify the risks related toSukukissuance. Given this limitation, it did not provide empirical evidences relating to any specific category ofSukukrisks.Practical implicationsAn in-depth knowledge ofSukukrisks would help both academicians and investors understand the potential problems related toSukukstructures and take precautions in the early stage to prevent causes of being defaulted or bankrupt.Originality/valueThe risks related toSukukhave been explored in all potential roots. This study has offered some significant techniques to prevent the relevant risks for investors’ benefits. Information being provided throughout this study is expected to serve potential investors inSukukas a guide to make right decisions and enable them to minimise the risk to secure healthy returns on their investments.

When startups exit: comparing strategies in Europe and the USA

2018 ◽  
Vol 39 (3) ◽  
pp. 26-33 ◽  
Author(s):  
Alessia Pisoni ◽  
Alberto Onetti
Keyword(s):  
Early Stage ◽  
High Growth ◽  
High Tech ◽  
Venture Capitalists ◽  
Content Type ◽  
Early Exit ◽  
Start Up ◽  
The Usa ◽  
Local Companies ◽  
Start Ups

Purpose The purpose of this paper is to present an overview of trends toward start-up exits. Exits represent the “end phase” of the start-up process, at least for the founders and the early investors. For high-growth venture-capital-backed companies, exits are often considered the ultimate goal of building a profitable venture. These ventures are intended from the beginning to harvest the financial value created by the business at some point in the future, and return capital to early investors. Design/methodology/approach The authors tracked 5,744 merger and acquisition transactions that have occurred between European and US tech start-ups since 2012. Data are drawn from CrunchBase, the most comprehensive database of high-tech companies and investors with information on the companies and investors around the world. The authors then compared the trends of acquisitions between European and US companies. Findings Results show that US companies are far more inclined to make acquisitions than European ones. Acquirers of start-ups, both from Europe and the US, prefer to buy local companies. However, recently, US companies have started to show more interest in European start-ups. Thus, signaling that the European start-up ecosystem is growing and becoming more attractive for US buyers. Furthermore, results show that start-up exits typically happen within a few years after a company’s establishment. Research limitations/implications The research does not take into consideration the price of the transaction, or the amount of capital invested by venture capitalists in the high-tech start-ups that have been acquired. Further research should address this specific problem by helping European start-ups understand how to plan the exit phase within few years from establishment. Practical implications The results have important implications both for entrepreneurs/managers and policymakers. Early exit appears to be a global trend among start-ups. This suggests that the exit phase should be properly planned to happen in the very early stage of the start-up process. On the other hand, the research also shows that there is still a gap to be filled in the European start-up ecosystems’ ability to produce exits and create new large innovative companies (the so-called “unicorns”). Originality/value To date, there has been a little research about exits for young high-tech ventures. This paper will attempt to shed new light on this so far under-explored issue by specifically analyzing exits as financial strategy for investors and entrepreneurs.

Innovation in footwear companies – does it pay off?

2014 ◽  
Vol 12 (1) ◽  
pp. 128-154
Author(s):  
Andreia Filipa Soares Passos Cardoso ◽  
Marko Torkkeli
Keyword(s):  
Value Chain ◽  
Cutting Edge ◽  
High Tech ◽  
Content Type ◽  
Face To Face ◽  
Study Approach ◽  
Causative Relationship ◽  
Innovative Environments ◽  
Definition Of

Purpose – Low- and medium-technology sectors' (LMTs) role in modern economies has been overshadowed by the argument relating knowledge creation to R&D and thus to high-tech industries. Nevertheless, whereas a broader definition of innovation has enabled LMTs to emerge as innovative environments, a blind reliance on non-R&D-based indicators may be harmful too by neglecting LMTs' contribution to the development of cutting-edge, R&D-based knowledge. This paper aims to provide answers to the following questions: do LMTs innovate? Do they induce high-tech innovations across other sectors? Do networks have an impact on LMTs' innovation commitment? Can LMTs' innovation commitment be related to a better performance? Design/methodology/approach – The research method used in this work was based on a case study approach using in-depth face-to-face interviews with representatives from two footwear companies and one technology supplier. Findings – Collaboration with relevant stakeholders along the footwear value chain proved fundamental to the creation of innovation opportunities for all parties involved. Both footwear companies have embraced innovation strategies, allowing them to take over new functions along the value chain and build successful international paths. These strategies involved active participation in cutting-edge, high-tech knowledge prompting innovation at higher-tech companies too. Research limitations/implications – The paper fails to establish a clear causative relationship between companies' performance and their R&DI commitment. In addition, due to the number of companies involved in the study, the findings cannot be simply extrapolated to the whole Portuguese footwear sector. Originality/value – The paper highlights the commitment to innovation in a traditional sector and explores an underresearched topic – that of LMTs' involvement in R&D activities.

Exploring “high tech” and “high touch” interaction capabilities: aligning the IT portfolio with customer and supplier relationships

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Peter Ekman ◽  
Peter Dahlin ◽  
Cecilia Erixon ◽  
Steven Thompson
Keyword(s):  
A Priori ◽  
High Tech ◽  
Business Relationships ◽  
Organizational Relationships ◽  
Supplier Relationships ◽  
Content Type ◽  
Industrial Marketing ◽  
Study Approach ◽  
Focal Firm ◽  
Touch Interaction

PurposeTo explore the emergent characteristics of IT portfolios in business-to-business (B2B) firms. The goal is to develop a model that clarifies what interaction capabilities B2B firms develop and to what form of IT this corresponds to.Design/methodology/approachWe apply an a priori conceptual framework that is based on the Industrial Marketing and Purchasing (IMP) Group's theoretical focus on business relationships. The framework depicts the business relationship as dealing with uncertainty and equivocality as well as building and upholding reliance and trust. We utilize a case study approach involving a focal firm and ten of its customers and suppliers. Building on 60 interviews, field observations and archival data, we analyze interviewee responses and the complementary data to evaluate the role of IT in supporting or automated various aspects of organizational relationships.FindingsResults show how “high tech” and “high touch” relate to different interaction capabilities, which firms develop based on the characteristics of their business relationships. Although IT is associated with “high tech” and “high touch” interaction capabilities, some forms of IT are deployed to support the former, while other forms support the later. Both forms of technology-enabled interaction capabilities require investment, and firms must balance investment costs against the value created by improved interaction capabilities.Originality/valueOur findings emphasize the interorganizational perspective (dyadic or network) rather than a solely organizational perspective for understanding IT portfolio development. This perspective is presented through an emergent tech–touch interaction capability model that shows how B2B firms can align their IT portfolio based on the specific characteristics of their business relationships.

scholarly journals Organisational ambidexterity in UK high-tech SMEs

2018 ◽  
Vol 25 (6) ◽  
pp. 1025-1050 ◽  
Author(s):  
Chaminda Senaratne ◽  
Catherine L. Wang
Keyword(s):  
Resource Constraints ◽  
High Tech ◽  
Multiple Sources ◽  
Content Type ◽  
Fine Grained ◽  
Conventional View ◽  
Depth Interview ◽  
The Uk ◽  
Longitudinal Qualitative Research ◽  
Practical Implications

PurposeThe purpose of this paper is to explore the nature of organisational ambidexterity, and identify drivers of and barriers to ambidexterity in the high-tech small- and medium-sized enterprises (SMEs) in the UK, using fine-grained qualitative evidence. This is much needed to generate insights on how organisational ambidexterity actually takes place in SMEs.Design/methodology/approachThis study is exploratory in nature, based on qualitative in-depth interview data collected from 20 UK high-tech SMEs in five industries.FindingsThe results reveal that SMEs leverage resources through intra-firm and inter-firm collaborations to pursue ambidexterity sequentially or simultaneously, using a range of drivers and overcoming a range of barriers.Research limitations/implicationsThe data were gathered from a single informant from each firm. Therefore, more in-depth, longitudinal, qualitative research using multiple sources of data may be required to develop deeper insights into ambidexterity.Practical implicationsManagers of high-tech SMEs need to focus on specific barriers to ambidexterity and devise effective mechanisms to promote the drivers of ambidexterity. The mechanisms to achieve ambidexterity as identified in this study will benefit high-tech SMEs in particular, and firms in general.Originality/valueThe study contributes to the understanding of organisational ambidexterity in high-tech SMEs by exploring the mechanisms through which SMEs implement organisational ambidexterity despite their resource constraints. This counteracts the conventional view that it is difficult for SMEs to pursue ambidexterity.

scholarly journals Impact of Artificial Intelligence on Economic Development

2021 ◽  
Vol 4 (5) ◽  
pp. 71-77
Author(s):  
Ling Hu ◽  
Zhaoyong Chen ◽  
Zhao Chen
Keyword(s):  
Artificial Intelligence ◽  
Economic Development ◽  
High Speed ◽  
Technology Development ◽  
Spillover Effect ◽  
Theoretical Research ◽  
High Tech ◽  
High Quality ◽  
Privacy And Security ◽  
Development Environment

The economic growth pattern in China is changing from high-speed development to high-quality development. In order to promote high-quality economic development, it is necessary to promote the transformation and upgrading of all aspects of social reproduction. Artificial intelligence has promoted high-quality economic development in China from the aspects of innovation effect, technology spillover effect, factor improvement effect, and technology optimization effect. However, there are still several problems in China’s AI development, such as the lack of core technologies, privacy and security, as well as the lack of high-tech talents. To this end, China should advance basic theoretical research and key generic technology development to improve the self-reliance of science and technology, as well as optimize the development environment of the industry and improve the relevant laws and regulations as well as the ethical norms system. A system to train high-quality personnel and a mechanism that allows personnel flow should be established to promote high-quality economic development.

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