Advantages in Making Use of Information and Communication Technology in Designing Open Innovation Business Models

Information and communication technology is a resource used in the processes and activities of business and government. Recent trends indicate that it is becoming an important resource in the daily activities of human beings. But the similarity between information and communication technology ends here. While other technologies tend to be applicable only in the specific industries and defined areas of operations, the potential of information and communication technology in business, government, and human activities is more universal. Information and communication technology provides several concepts that enable business, government, and human beings to reach new realities in their sector. Some of the concepts have created opportunities for designing and manufacturing electronic devices. This chapter talks about making use of the electronic devices in an open innovative thinking and approach.

2022 ◽  
pp. 268-287
Author(s):  
N. Raghavendra Rao

Many concepts are emerging in the disciplines of management and information and communication technology. One needs to identify the concepts that are useful in designing and developing the business models for addressing the business issues of an enterprise. This chapter gives an overview of the various concepts in the disciplines of management and information technology. In the present business scenario, interdisciplinary concepts are needed to develop business models under open innovation environment. An enterprise has to choose the relevant concepts from the two disciplines as per their requirements in designing business models for their open innovation initiatives.


Author(s):  
Bhavik Pathak

Massive Open Online Courses (MOOCs) have proved their cost effectiveness in extending the reach of the traditional classroom education to thousands of learners across the globe. However, many questions have been raised regarding the educational effectiveness of these MOOC models. In particular, the lack of personalization, social interactions, and credibility have been cited as some of the most important factors that create uncertainties regarding the viability of the MOOC based educational models. In the last couple of decades, Web-based businesses including online retailers, electronic marketplaces and online portals have successfully integrated information and communication technology (ICT) led initiatives and evolved to become viable business models. The focus of this chapter is to analyze the challenges of the current MOOC based educational models and suggest how they can adopt ICT tools to transform into MOOC 2.0 - the next generation of MOOCs.


2013 ◽  
Vol 4 (4) ◽  
pp. 36-60
Author(s):  
Nastaran Hajiheydari ◽  
Payam Hanafizadeh

The present study intends to design a methodology for examining the influence of modern information and communication technology on business models (BMs). Theoretical framework is mainly selected based on literature as well as consultation with expert focus groups. This methodology is validated by expert judgment and simulated as a real case applying system dynamics. The outcome of the survey includes a change methodology formulated in 5 phases and 37 activities. Not only has this study covered the specification of the theory structure; it was carried out in an organization in order to test its feasibility, as well. The proposed methodology in this research could help business analysts and managers with changing business model while adopting new technologies.


2020 ◽  
pp. 000765032094982
Author(s):  
Marta Rey-Garcia ◽  
Vanessa Mato-Santiso ◽  
Ana Felgueiras

Collaborative cross-sector business models for sustainability innovation (CCSBMSI) in response to grand challenges are rich foci for tensions. This is the case of CCSBMSI targeting independent living through Information and Communication Technology–enabled care. This research aims at identifying the relevant tensions, understanding their interactions, and assessing how they can be effectively managed so that CCSBMSI become more valuable for partners and transformative for society. A conceptual framework that understands the management of interrelated institutional and interorganizational tensions as a dynamic capability is substantiated through in-depth, qualitative analysis of the long-term dynamics of a four-sector CCSBMSI in telecare—including government, businesses, nonprofits, and informal actors. Its effects on the transition of business models in terms of value creation, delivery, and capture; on relevant stakeholders—particularly nonprofits and beneficiaries; and on the development of the sustainability innovation are discussed. The conceptualization, tension categories, and management capabilities of CCSBMSI are amplified.


Author(s):  
Nasla V.S ◽  
Nayana Mohan ◽  
Sannet Thomas

Cyber bullying has become a critical social issue, which severely threatens children and adolescents’ physical and psychological health. Cyber bullying has evolved from the increasing use of technology, specifically electronic communication and social networking. These findings enhance our understanding of the rates of occurrence of bullying, cyber bullying and victimization. Cyber bullying is defined as a means of bullying in which peers use electronic devices "to taunt, insult, threaten, harass, and/or intimidate a peer" (Raskauskas & Stoltz, 2007, p. 565). With the growth of information and communication technology (ICT), bullying has expanded into the technological realm. Labelled as cyber bullying, individuals are utilizing technology, such as cellphones and the internet, to bully and cause harassment to others with the intention of causing harm. Ten studies which met the inclusion criteria were selected for this study.Findings of the study shows that it has an impact on both psychological and socio demographic problem.


2019 ◽  
Vol 4 (1) ◽  
Author(s):  
Akiti Glory Alamu

It is heart-warming to assert that 21st century has witnessed unprecedented breakthroughs in information and communication technology. Thus, this astronomical breakthrough has brought unhindered privileges and accessibilities to virtually all the countries where information technology is entrenched. Evidently, technology has linked societies with global information and it makes it possible for capital to shift instantly across borders. Thus, this technological engagement has reduced the world to one „global village‟. Equally, religion is not indifferent to this global advancement. Within the province of religion, information and communication technology has graciously and tremendously helped to reduce religious messages to a sizeable level whereby human beings do not need to travel many kilometres and distances to deliver religious messages. In the same vein, this information and communication technology has also created a gamut of religious problems like human indignity, un-chastity, terrorism and immorality. Again, it has also brought many miseries at its wake. The result is the emergence of a hedonistic culture, sensuality and promiscuity. This paper adopted historical and analytical approach. However, the paper concludes by advocating that efforts should be made to equally promote morality, spirituality and human development.


2021 ◽  
Vol 6 (3) ◽  
pp. 194-212
Author(s):  
Lau Sie Hoe ◽  
Mohd Ariff Zabidi Manja ◽  
Vloreen Nity Mathew ◽  
Adeline Engkamat ◽  
Zalina Ibrahim ◽  
...  

The ability of rural entrepreneurs to cope with the COVID-19 pandemic greatly depends on their knowledge of Information and Communication Technology (ICT) to support online business. In this study, online surveys were conducted to assess the readiness and acceptance of rural entrepreneurs in adopting to the pandemic using the available technologies. Data collected were analyzed by descriptive and inferential statistics using ANOVA. Online training modules were designed based on their specific needs. Although participants indicated that their frequency and skills of using the electronic devices or applications had generally increased or improved after the training, the increment was not statistically significant (). This indicated that while the participants, to some extent, benefited from the online training provided, there has not been a significant impact on them


Author(s):  
N. Raghavendra Rao

Rapid changes are taking place in global economy. It has become a necessity for enterprises to respond to these changes. Innovation in the business is the solution to face these changes. Identifying the right type of technology, knowledge and process are the main elements in designing an innovative method. Two business models are discussed for creating innovation models. Some of the concepts in information and communication technology and management are applied in these business models. Further, this chapter talks about the contribution of global virtual teams in designing and developing ideas for innovation.


2021 ◽  
Vol 16 (5) ◽  
pp. 1415-1433
Author(s):  
Cătălin Mihail Barbu ◽  
Dorian Laurenţiu Florea ◽  
Dan-Cristian Dabija ◽  
Mihai Constantin Răzvan Barbu

The purpose of this paper is to analyse customer experience (CX) in the fintech sector. Fintech is a dynamic and innovative field that fully benefits from advances in information and communication technology. The concept of customer experience is multidimensional, analysed from various perspectives, and with distinct valences in different industries. Based on the stimulus-organism-response (S-O-R) approach, we proposed a model in which customer experience in fintech is the result of customer’s evaluation of the stimuli proposed by fintech companies. Using partial least squares equation modelling (PLS-SEM), we tested a series of hypotheses and validated the proposed model. The results showed that perceived value, customer support, assurance, speed and perceived firm innovativeness are positively related to customer experience in fintech. In turn, customer experience is positively associated with loyalty intentions of the customer. Our paper contributes in identifying the dimensions, the determinants and the outcomes of customer experience in fintech, while from a managerial perspective, we demonstrate how fintech companies must integrate customer experience in their business models.


Artificial Intelligence (AI) is designing machines which can act like human beings. The machines are designed in such a way that can perform all functions which a human being can perform. The machines are characterized by all cognitive and affective functions possessed by human beings. AI finds extensive application in diverse fields and education is not an exception. With the rapid advancement of Information and Communication Technology (ICT), AI based tools can be adopted in education system. The present paper explores and explicates the application of AI based tools in education particularly focusing on teaching, learning, pedagogy and learning assessment.


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