scholarly journals Operating Successfully on a New Technological Path: The Effect of External Search

2022 ◽  
Vol 14 (2) ◽  
pp. 957
Author(s):  
Tobias Stucki ◽  
Martin Woerter

Switching to a new technological path is often a serious economic challenge for companies. Incumbents, in particular, are often led by their organizational routines, traditional technological orientation, and experience, and run the risk of losing contact with new technologies, which can decrease their competitiveness. We analyze whether opening up the innovation process to external knowledge partners can help to overcome such path dependence and enable firms to operate successfully on a new technological path. We develop a theoretical concept that shows the potential of external knowledge sources for operating successfully on a new technological path and test it empirically using the example of green technologies. Green technologies are not only relevant for addressing the current environmental problems, but they are also an example of a new technological path that is proving difficult for companies to switch to. Overall, we find strong direct effects of external (green) knowledge on green innovation success. The results even indicate that the direct effect of external knowledge tends to be larger for green than for non-green innovation.

Author(s):  
Christian Horn ◽  
Marcel Bogers ◽  
Alexander Brem*

Crowdsourcing is an increasingly important phenomenon that is fundamentally changing how companies create and capture value. There are still important questions with respect to how crowdsourcing works and can be applied in practice, especially in business practice. In this chapter, we focus on prediction markets as a mechanism and tool to tap into a crowd in the early stages of an innovation process. The act of opening up to external knowledge sources is also in line with the growing interest in open innovation. One example of a prediction market, a virtual stock market, is applied to open innovation through an online platform. We show that use of mechanisms of internal crowdsourcing with prediction markets can outperform use of external crowds.


Pharmaceutics ◽  
2021 ◽  
Vol 13 (7) ◽  
pp. 1051
Author(s):  
Jonattan Gallegos-Catalán ◽  
Zachary Warnken ◽  
Tania F. Bahamondez-Canas ◽  
Daniel Moraga-Espinoza

Orally inhaled drug products (OIDPs) are an important group of medicines traditionally used to treat pulmonary diseases. Over the past decade, this trend has broadened, increasing their use in other conditions such as diabetes, expanding the interest in this administration route. Thus, the bioequivalence of OIDPs is more important than ever, aiming to increase access to affordable, safe and effective medicines, which translates into better public health policies. However, regulatory agencies leading the bioequivalence process are still deciding the best approach for ensuring a proposed inhalable product is bioequivalent. This lack of agreement translates into less cost-effective strategies to determine bioequivalence, discouraging innovation in this field. The Next-Generation Impactor (NGI) is an example of the slow pace at which the inhalation field evolves. The NGI was officially implemented in 2003, being the last equipment innovation for OIDP characterization. Even though it was a breakthrough in the field, it did not solve other deficiencies of the BE process such as dissolution rate analysis on physiologically relevant conditions, being the last attempt of transferring technology into the field. This review aims to reveal the steps required for innovation in the regulations defining the bioequivalence of OIDPs, elucidating the pitfalls of implementing new technologies in the current standards. To do so, we collected the opinion of experts from the literature to explain these trends, showing, for the first time, the stakeholders of the OIDP market. This review analyzes the stakeholders involved in the development, improvement and implementation of methodologies that can help assess bioequivalence between OIDPs. Additionally, it presents a list of methods potentially useful to overcome some of the current limitations of the bioequivalence standard methodologies. Finally, we review one of the most revolutionary approaches, the inhaled Biopharmaceutical Classification System (IBCs), which can help establish priorities and order in both the innovation process and in regulations for OIDPs.


2018 ◽  
Vol 25 (8) ◽  
pp. 761-772 ◽  
Author(s):  
Nigel G. Fielding

The pace of change occasioned by the affordances of new technologies is accelerating. The last 5 years have seen developments following in the train of Web 2.0 applications that are remarkable even set against the pace of change since the advent of the Internet. Yet it is important to be realistic about the depth of change. While there is a widespread view that the prevailing trope of our contemporary times in the Western democracies is that of neoliberalism, that view also testifies to the enduring grip of long-established realities of political economy. This article assesses what has really changed, and what has not, in four domains: Collaborative and Online Working, Citizen Research & Opening Up Research, Analyzing Online Materials, and Merged Methods.


2015 ◽  
Vol 15 (2) ◽  
pp. 165-179 ◽  
Author(s):  
V.E. Scholten ◽  
P.A. van der Duin

Responsible innovation (RI) among technology-based start-ups has received little attention, while these firms are known to operate on the edges of what is socially desirable or ethically acceptable. In this paper we develop a conceptual model that captures the RI practices among 61 academic spin-offs and investigate how it affects the capacity of the firm to absorb external knowledge to better the exploitation of the innovation. The findings indicate that potential absorptive capacity is increased by both stakeholder engagement and social responsiveness, while realized absorptive capacity is moderately increased through social responsiveness. Remarkable is the finding that the extent that sustainability practices resonate in the start-ups operations does have a negative effect on the potential absorptive capacity. These results provide insight in the way in which start-ups adopt a RI philosophy to their innovation process and help to better understand how they learn and acquire external knowledge to increase the acceptance of their innovations. The findings provide clear recommendations for entrepreneurs and policymakers in the field of entrepreneurship and innovation.


Digital-Innovation Technology calls for reinvention of innovations that offers new opportunities and challenges to design new products and services in the era of hi-tech competition. Digitalization and innovations are pressing issues for business in almost each and every industry. The scope to create new digital value chains increases at a very high speed due to interconnection of people and systems . It is to be believed that wonderful new ideas can open up new ways of looking at various Social Problems because of Digi-Inno connection between people and software. However creating digitalized product and services often creates new problems and challenges to the firm that are trying to innovate. The concept of reinvention in innovation process is redesigning the innovations coupled with advances in science and technology. Technological innovations are only one of many kinds of innovation that develops variety of terms like social innovation, sustainable innovation, responsible and green innovation. In this paper, we tried to give special emphasis on issues of digital innovation management which helps to seek a better base for reinventing innovation management research in digital innovative world.


Author(s):  
W. Gao

The economic and innovational development depend on the quality of human capital, which is determined by the quality of education. The quality of training of pupils and students depends not only on traditional factors (amounts of funding, composition of groups), but also on the qualification of teachers, the level of introduction of new technologies in the educational process. A significant role in increasing the competitiveness of national education systems is played by the English language, which is an imperative condition for innovative breakthroughs, scientific achievements, mastery of new technologies. There is a redistribution of spheres of influence in the field of secondary and higher education at the global level, where the countries of the East Asian region are at the forefront. Attention to postdoctoral training as a prerequisite for improving the efficiency of the innovation process is significantly increasing. The necessity of finding a balance in the teaching of humanities and natural sciences and engineering disciplines in order to reveal the innovative potential of societies in the conditions of rapid technological changes is substantiated.


2021 ◽  
pp. 648-674
Author(s):  
Ping Huang ◽  
Rasmus Lema

China’s rapid economic growth combined with its large population has created substantial environmental pressures, not least the need for efficient and sustainable energy provision. This chapter addresses the problem of transition to sustainable energy sources. It shows how the Chinese response to the sustainability challenge has depended on both “hard” (technological) and “soft” (institutional) innovations. The chapter also shows how the sustainability challenge has presented a window of opportunity for industrial development and competitiveness in the green economy. Finally, it discusses the wider global implication of China’s mounting innovation capacities in green technologies.


Author(s):  
William Beinart ◽  
Lotte Hughes

Imperial scientists have appeared in a number of our chapters: Cleghorn, protagonist of forest conservation in India; Willcocks, the self-critical dambuilder extraordinary in Egypt and India; Simpson, the plague doctor, and Bruce, who researched trypanosomiasis in southern Africa. The early centuries of empire preceded professionalization, but scientific interests were even then at its heart. Species transfers were, as we have suggested, a long-term preoccupation and closely related to scientific enterprise. The maritime empires that characterized the last half-millennium depended upon nautical technology and navigation science, and this distinguished them from preceding, more geographically restricted, land empires. Naval power and the expansion of shipping permitted a different social geography of empire, linking Europe to the Americas, the tropics, and the southern temperate zones, and partly bypassing the torrid task of conquest in Europe and the Muslim world. Shipping carried the freight of trading empires, literally and metaphorically. Especially from the mid-nineteenth century, scientists were central actors in imperial development. They helped to pioneer new technologies that facilitated discovery, and vastly more effective exploitation, of hidden natural resources, such as gold, oil, and rubber. A growing arms gap underpinned the European power bloc and conquest was so rapid and so widespread in the later decades of the nineteenth century not least because it was relatively easy and inexpensive. Constraints imposed by environment and disease were gradually driven back, by dams, boreholes, and the partial prophylaxis against malaria. Communications, based around steam and iron, telegraphs, railways, and roads were the ‘tentacles of progress’ in the new empire, opening up new routes for exploitation. They bound together increasingly modern, planned cities, zones of hydraulic imperialism, mining, and similar enterprises. Scientists and science in empire have received intense critical attention over the last couple of decades. This is especially so in African history and social sciences which, from their inception as self-conscious areas of academic enquiry, in the dying days of colonialism, tried to write from the vantage point of Africans and to decolonize European minds. From the late 1970s, when it was clear that African nationalist narratives and ambitions had been corrupted, Africanists tended to evince an unease with modernization and development, so closely linked to both the late colonial and nationalist projects.


Author(s):  
Stuart Bell ◽  
Donald McGillivray ◽  
Ole W. Pedersen ◽  
Emma Lees ◽  
Elen Stokes

This chapter introduces some of the issues surrounding law, environmental protection, and new technologies. Using a series of examples—such as geoengineering, nanotechnology, synthetic biology, and hydraulic fracturing (‘fracking’)—it examines the relationship between environmental law and technological innovation. First, the chapter asks how well the law governs potential environmental risks posed by new technological development. Secondly, it looks at whether and how environmental law, in its regulation of new technologies, takes account of different forms of knowledge and expertise. Thirdly, it gives insights into the ways in which law can be used to incentivize the design and application of ‘green’ technologies. Finally, building on Ch. 11, it considers the potential environmental liabilities arising from new and emerging technological risks.


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