scholarly journals Evaluation of M-Payment Technology and Sectoral System Innovation—A Comparative Study of UK and Indian Models

Electronics ◽  
2019 ◽  
Vol 8 (11) ◽  
pp. 1282 ◽  
Author(s):  
Heather Webb ◽  
Shubo Liu ◽  
Min-Ren Yan
Keyword(s):  
Social Networks ◽  
Comparative Study ◽  
Open Innovation ◽  
Business Models ◽  
Innovation Systems ◽  
Service Systems ◽  
System Innovation ◽  
Mobile Payments ◽  
Innovation Model ◽  
The Uk

The paper constructs a sectoral system of innovation model specifically for the mobile payments (m-payments) sector. Both the UK and Indian sectoral system of innovation were studied in regards of the actors involved in providing the m-payment service with an emphasis on emergent business models. We integrated open innovation and Ogle’s ideas into our model and demonstrated the importance of active agency in shaping innovation systems, for example in leveraging existing social networks. The research draws upon original interviews with companies and regulators in both India and the UK. Our overall conclusion is that the m-payments sectoral system of innovation in India is more customer-oriented and far-reaching as compared to the practices in UK. It concludes that no matter the context, the importance of integrating firms’ activity into integrated service systems in demand-driven innovation is key for success.

A New Approach to Assess the Changing Growth Model of Open National Innovation Systems

2015 ◽  
Vol 7 (3) ◽  
pp. 183-198 ◽  
Author(s):  
Shu-Hao Chang ◽  
Carey Ming-Li Chen
Keyword(s):  
Open Innovation ◽  
Innovation Systems ◽  
Latent Growth ◽  
National Innovation Systems ◽  
New Approach ◽  
International Linkages ◽  
Innovation Model ◽  
Effective Policy ◽  
Relationship Of ◽  
The Relationship

The open innovation paradigm is an important topic of management thought in national innovation systems. Previous studies of open national innovation systems have almost always focused on concepts or theoretical exploration. There is a great lack of integrated frameworks for the process and mechanism of open national innovation systems. Therefore, the research adopts a structural approach and provides an open national innovation model to verify the influence of different mechanisms on open innovation outputs. As well, we argue that open national innovation systems will change over time, as the mechanisms are dynamic, linking, and coexistent. The study adopts a latent growth curve model to verify the growth tendency and progressive change. The policymaker’s perspective of exploring open national innovation systems is important. Building open national innovation capabilities is based on cumulativeness conditions, diffusion capabilities, and international linkages. The results show that cumulativeness conditions and international linkages will positively affect the growth rate of open innovation outputs. Consequently, this study adopts a dynamic experimental map to validate the relationship of the dimensions to provide government with some practical suggestions for making effective policy.

scholarly journals Open innovation in terms of legal protection of intellectual property

2021 ◽  
pp. 105-120
Author(s):  
Anastasiia Yarmoliuk
Keyword(s):  
Intellectual Property ◽  
Property Rights ◽  
Intellectual Property Rights ◽  
Open Innovation ◽  
Business Models ◽  
Legal Protection ◽  
Creative Economy ◽  
New Production ◽  
Innovative Technologies ◽  
Innovation Model

Yarmoliuk A. Open innovation in terms of legal protection of intellectual property. The author notes that according to the latest global trends in the development of intellectual property rights, business entities operate in the context of radical changes taking place in most sectors of the economy. As new breakthrough technologies and subjects of innovative activity appear. The article emphasizes that this perspective envisages the transition of Ukraine to a new production system, which requires institutional changes. According to the author, today there is also a tendency to reduce the life cycle of innovations, increase the speed of implementation of new developments and strengthen the trends of digital transformation. Therefore, the digitalization of the economy requires the involvement of new forms of cooperation with open innovations including new business models for the use of intellectual property. The article notes that intellectual property, in turn, plays a key role in the development of innovation. At the same time, the importance of intellectual property within the model of open innovation changes with the transformation of economic processes into a creative economy. Today, there is an extremely low level of implementation of creative innovative developments, which indicates the ineffectiveness of the strategy for commercialization of research results. As the author emphasizes, the open innovation model is aimed at solving this problem. Exactly the exchange of knowledge and new results between innovative enterprises and their partners is a major lever for further creative innovation. Therefore, the author determines that effective legal protection of intellectual property plays a key role in promoting innovation within the concept of open innovation. Innovative technologies have been successfully commercialized with the strategic use of intellectual property rights. As indicated in the article, intellectual property also significantly enhances the competitiveness of innovative enterprises, preserves their innovative advantages, and facilitates the process of bringing innovative technologies created under the open innovation model to the market.Keywords: open innovation, intellectual property rights, intellectual property, innovative enterprise, «smart city»

Crowdcasting

Crowdsourcing ◽  
2019 ◽  
pp. 1490-1508
Author(s):  
Damjan Obal
Keyword(s):  
Social Networks ◽  
Open Innovation ◽  
Business Models ◽  
Global Community ◽  
Online Platform ◽  
Corporate World ◽  
Innovation Strategies ◽  
Open Business Models

The following chapter investigates an emerging shift in the corporate world that is now more often than ever engaging with the global community of users. Collaborative, open business models promoting user-driven, open innovation strategies are adopted, one of them being framed as crowdcasting - specific crowdsourcing model where corporations broadcast their challenges to a targeted community. A crowdcasting model in the shape of an online ideas competition is demonstrated as a mean of fostering open innovation. In the case study we present Challenge: Future, a student competition that is build upon an online platform adopting crowdcasting principles. Looking at the development, main features of the competition platform, and means of interaction with its user base we present benefits for all sides involved. Further on, the chapter tries to elaborate the ways how crowdcasting models could benefit by tapping even deeper into the new social networks and exploring their potential.

Crowdcasting

2012 ◽  
pp. 786-804 ◽  
Author(s):  
Damjan Obal
Keyword(s):  
Social Networks ◽  
Open Innovation ◽  
Business Models ◽  
Global Community ◽  
Online Platform ◽  
Corporate World ◽  
Innovation Strategies ◽  
Open Business Models

The following chapter investigates an emerging shift in the corporate world that is now more often than ever engaging with the global community of users. Collaborative, open business models promoting user-driven, open innovation strategies are adopted, one of them being framed as crowdcasting - specific crowdsourcing model where corporations broadcast their challenges to a targeted community. A crowdcasting model in the shape of an online ideas competition is demonstrated as a mean of fostering open innovation. In the case study we present Challenge: Future, a student competition that is build upon an online platform adopting crowdcasting principles. Looking at the development, main features of the competition platform, and means of interaction with its user base we present benefits for all sides involved. Further on, the chapter tries to elaborate the ways how crowdcasting models could benefit by tapping even deeper into the new social networks and exploring their potential.

Influence of social networks on business processes’ development

2020 ◽  
Vol 19 (12) ◽  
pp. 2225-2252
Author(s):  
E.V. Popov ◽  
V.L. Simonova ◽  
O.V. Komarova ◽  
S.S. Kaigorodova
Keyword(s):  
Social Networks ◽  
Social Media ◽  
Business Models ◽  
Business Processes ◽  
Digital Economy ◽  
Theoretical Understanding ◽  
Sales Channels ◽  
A Value ◽  
The Impact

Subject. The emergence of new ways of interaction between sellers and buyers, the formation of new sales channels and product promotion based on the use of digital economy tools is at the heart of improving the business processes. Social networks became a tool for development; their rapid growth necessitates theoretical understanding and identification of potential application in enterprise's business process digitalization. Objectives. We explore the role of social media in the digitalization of business processes, systematize the impact of social networks on business processes of enterprises in the digital economy. Methods. The theoretical and methodological analysis of social networks as a tool for digitalization of company's business processes rests on the content analysis of domestic and foreign scientific studies, comparison, generalization and systematization. Results. We highlight the key effects of the impact of social networks on the business processes of the company; show that the digitalization of business processes should be considered in the context of a value-based approach, aimed at creating a value through the algorithmization of company operations. We determine that social networks are one of the most important tools for digitalization of company's business processes, as they have a high organizational and management potential. We also systematize the effects of social media on company's business processes. Conclusions. We present theoretical provisions of the impact of social networks on business processes of enterprises, which will enable to model and organize ideas about the development of digital ecosystems and the formation of business models.

Creating and Capturing Value through Crowdsourcing

2018 ◽  
Keyword(s):  
Information Systems ◽  
Systems Biology ◽  
Computer Science ◽  
Open Innovation ◽  
Product Innovation ◽  
Collective Intelligence ◽  
Innovation Management ◽  
Private And Public ◽  
Definition Of ◽  
The Uk

Examples of the value that can be created and captured through crowdsourcing go back to at least 1714, when the UK used crowdsourcing to solve the Longitude Problem, obtaining a solution that would enable the UK to become the dominant maritime force of its time. Today, Wikipedia uses crowds to provide entries for the world’s largest and free encyclopedia. Partly fueled by the value that can be created and captured through crowdsourcing, interest in researching the phenomenon has been remarkable. For example, the Best Paper Awards in 2012 for a record-setting three journals—the Academy of Management Review, Journal of Product Innovation Management, and Academy of Management Perspectives—were about crowdsourcing. In spite of the interest in crowdsourcing—or perhaps because of it—research on the phenomenon has been conducted in different research silos within the fields of management (from strategy to finance to operations to information systems), biology, communications, computer science, economics, political science, among others. In these silos, crowdsourcing takes names such as broadcast search, innovation tournaments, crowdfunding, community innovation, distributed innovation, collective intelligence, open source, crowdpower, and even open innovation. The book aims to assemble papers from as many of these silos as possible since the ultimate potential of crowdsourcing research is likely to be attained only by bridging them. The papers provide a systematic overview of the research on crowdsourcing from different fields based on a more encompassing definition of the concept, its difference for innovation, and its value for both the private and public sectors.

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