Biotechnology lessons for robotics: Adapting new business models to accelerate innovation

2014 ◽  
Vol 20 (4) ◽  
Author(s):  
Arthur Boni ◽  
Christopher Moehle
Keyword(s):  
High Risk ◽  
Business Models ◽  
Product Market ◽  
Innovative Products ◽  
New Business ◽  
New Business Models

Abstract – The robotics industry is achieving a level of commercial maturity as evidenced by innovative products brought to market, and by the increasing pace of emerging robotics companies being acquired by larger players in a diversity of industries. However, there are challenges with accelerating the rate and scale of innovation in this industry. Our hypothesis is that while there are remaining technological challenges, the largest challenge is for the industry to adapt by exploitation of business models that focus more intently on validating product/market fit, building teams to span seamlessly from laboratory to market, and on developing creative structure and vehicles to provide the needed resources to commercialize.  To this end, we suggest that the robotics field could adapt approaches from the emerging “business model playbook” that are now being used in the field of biotechnology.  These industries do compare somewhat in that they are each technologically driven, have long, high- risk development cycles, and have the need for high levels of capital, compared to the software industry.  In this paper we review what has been accomplished in biotechnology, and also suggest how these lessons could be implemented in the field of robotics. 

scholarly journals SHAPING OF ORGANIZATIONAL RESILIENCE IN AN UNSTABLE WORLD: POSSIBILITY OR NECESSITY?

2016 ◽  
Vol 11 (2) ◽  
pp. 68-70 ◽  
Author(s):  
Iwona Gorzeń-Mitka
Keyword(s):  
Supply Chain ◽  
Business Models ◽  
Modern World ◽  
Organizational Resilience ◽  
Organizational Efficiency ◽  
Trade Offs ◽  
Innovative Products ◽  
New Business ◽  
Key Participants ◽  
New Business Models

Increased complexity of economic, social and technological systems cause that crises, uncertainty and risk have become an integral part of modern world. Undoubtedly, today’s organizations face the necessity of dealing with a growing number of various risk factors-generators: disasters, sudden bankruptcies of key participants of supply chain, loss of reputation, highly innovative products/technologies entering the market or risk resulting from introducing new legal regulations (Gorzeń-Mitka, 2015). Thus, U.Beck’s statement that the 21st century can be described as the century of risk seems right (Beck, 2009).Operation of companies in the current environment requires effective trade-offs among economic, environmental and social outcomes while maintaining the longevity of organizational efficiency (Eltantawy, 2016). For example, Maslaric et al. (2013) indicate that, modern trends in new business models, which assume a strive for continuous improvement in efficiency by cutting costs and reducing waste in every supply chain processes, create a new risk perspective. In this situation, striving to achieve balance between organizational efficiency and organizational resilience is more than a necessity. This has caused seeking for new approaches to protect value and results of our activities. One of them is creation of resilience. According Oxford Advanced Learner's Dictionary word "resilience" has two meanings: the ability of people or things to feel better quickly after something unpleasant and the ability of a substance to return to its original shape after it has been bent, stretched or (Oxford Advanced Learner's Dictionary, 2016).

scholarly journals Regulating Financial Services in an Era of Technological Disruption

2020 ◽  
Vol 36 (2) ◽  
pp. 1-24
Author(s):  
Louis De Koker ◽  
Nicholas Morris ◽  
Sue Jaffer
Keyword(s):  
Financial Services ◽  
Business Models ◽  
Controlled Environment ◽  
Innovative Products ◽  
New Business ◽  
Vehicles Emissions ◽  
Financial Regulatory ◽  
New Business Models ◽  
Financial Technology ◽  
Regulatory Challenges

Financial regulators are challenged to respond to the innovation opportunities presented by financial technology (fintech). Current rules are not necessarily sufficient or effective to adequately regulate new business models and new products relating to innovations such as crypto assets or digital financial services. Regulators that fail to respond in a timely manner may drive innovation offshore and deprive their markets and consumers of appropriate, new services. To respond to new financial innovation, regulators have been establishing innovation hubs and regulatory sandboxes. Innovation hubs enable them to engage innovators more effectively. Sandboxes allow the products to be tested in a controlled environment and enable to regulator to consider whether existing laws are appropriate to regulate such products and, of not, what measures may be required. Sandboxes are however resource intensive and they hold a number of risks. Financial regulators are, of course, not alone in having to address the regulatory challenges of innovation. This article therefore also considers other non-financial regulatory experiences of innovative products and services, namely automated vehicles; emissions trading in China; and Uber and its clones, to consider whether those experiences hold lessons for financial regulators.

Methods of Published Articles on Digital Economy

2020 ◽  
pp. 213-233
Author(s):  
Luciana Aparecida Barbieri da Rosa ◽  
Maria Carolina Martins-Rodrigues ◽  
Tais Pentiado Godoy ◽  
Waleska Yone Yamakawa Zavatti Campos ◽  
Larissa Cristina Barbieri
Keyword(s):  
International Research ◽  
Business Models ◽  
Web Of Science ◽  
Science Research ◽  
Digital Economy ◽  
The World ◽  
Innovative Products ◽  
New Business ◽  
Global Companies ◽  
New Business Models

The digital economy is changing the way business is done and is showing tremendous potential for organisational progress and global influence.As innovative products and service offerings make the world more competitive,if created properly, digital connectivity will be able to provide new business models and faster entries into global markets (Anderson, Wladawsky-Berger,2016).This gives rise to important issues pertaining to consolidation of practices, implementation of relevant issues across global companies, and many more. Appropriate answers can be searched for these questions in the international research databases on the digital economy like Scopus and Web of Science. Research contributions of authors demonstrating scientific completeness are of great important here. Also important are databases that have been adequately cited.

DIGITAL ECONOMY AND GLOBALIZATION: THE IMPORTANCE OF DIGITAL ENTREPRENEURSHIP DEVELOPMENT

2020 ◽  
Vol 6 (3) ◽  
pp. 17-20
Author(s):  
Farxod Tursunov ◽  
Keyword(s):  
Business Models ◽  
Digital Economy ◽  
Management Systems ◽  
Entrepreneurship Development ◽  
New Business ◽  
Definition Of ◽  
Digital Enterprise ◽  
New Business Models ◽  
Digital Entrepreneurship

The article discusses the role of the digital economy in the development of the country, how it becomes the basis of the economy, new business models and management systems. The opinion of scientistsis analyzed, a definition of a digital enterprise is given

Country Radio

2017 ◽  
Author(s):  
Eric Weisbard
Keyword(s):  
World War Ii ◽  
Business Models ◽  
Internet Access ◽  
Country Music ◽  
Programming Approach ◽  
World War ◽  
Musical Genre ◽  
New Business ◽  
The Media ◽  
New Business Models

This chapter considers the role played by radio in popularizing and defining country music. Radio as a format pursued a commercially driven mediation of identity that worked against applying an artistically driven musical genre definition. In particular, these debates revolved around gendered presentation and women as listeners and performers. From the 1920s through World War II, radio’s prominence in country turned on live radio shows as the media introduction of southern whites. A second era, from the end of the war to mid-1970s, saw a shift to disc jockeys and records: personality radio. Format radio country, a tighter programming approach, solidified from the mid-1970s to the mega mergers of the late 1990s. Most recently, in an era of Internet access and new business models for music, country has confronted the less sympathetic position of networked radio.

scholarly journals Pursuing Frugal Innovation for Sustainability at the Grassroots Level

2021 ◽  
pp. 1-8
Author(s):  
Mokter Hossain ◽  
Jarkko Levänen ◽  
Marleen Wierenga
Keyword(s):  
Developing Countries ◽  
Environmental Sustainability ◽  
Business Models ◽  
Business Strategies ◽  
Future Research ◽  
Frugal Innovation ◽  
New Business ◽  
Grassroots Level ◽  
Societal Problems ◽  
New Business Models

ABSTRACT Firms are often criticized for their reluctance to embrace sustainability in their business strategies. Frugal innovation is a recent concept that represents a new way for firms to serve underserved customers in developing countries while also promoting sustainability. Based on three cases of frugal innovation at the grassroots level in India, this article demonstrates how frugal innovation presents a promising way to tackle some of today's pressing societal problems with new business models. We use a range of parameters for economic, social, and environmental sustainability to strengthen the case for frugal innovation. This article attempts to inspire scholars to consider frugal innovation further in their future research endeavors and encourage firms to integrate it into their existing business models.

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