Publications

Abstract

For better or worse, digital technologies are reshaping everything, from customer behaviors and expectations to organizational and manufacturing systems, business models, markets, and ultimately society. To understand this overarching transformation, this paper extends the previous literature which has focused mostly on the organizational level by developing a multi-level research agenda for digital transformation (DT). In this regard, we propose an extended definition of DT as ?a socioeconomic change across individuals, organizations, ecosystems, and societies that are shaped by the adoption and utilization of digital technologies.? We suggest four lenses to interpret the DT phenomenon: individuals (utilizing and adopting digital technologies), organizations (strategizing and coordinating both internal and external transformation), ecosystems (harnessing digital technologies in governance and co-producing value propositions), and geopolitical frameworks (regulating the environments in which individuals and organizations are embedded). Based on these lenses, we build a multi-level research agenda at the intersection between the bright and dark sides of DT and introduce the PIAI framework, which captures a process of perception, interpretation, and action that ultimately leads to possible impact. The PIAI framework identifies a critical research agenda consisting of a non-exhaustive list of topics that can assist researchers to deepen their understanding of the DT phenomenon and provide guidance to managers and policymakers when making strategic decisions that seek to shape and guide the DT.

Abstract

Digitalization is transforming the industrial landscape. Smarter products, data-based services, and new business models promise to reshape the whole manufacturing industry. However, below the visible excitement, unexpected tensions and challenges make the digital transformation an excruciating journey for industrial companies. In this article, we decipher the digital transformation strategy choices of leading industrial firms in a highly innovative country. Using their insights, we identify four dominant tensions that managers need to sort out. We provide guiding principles to select a digital transformation strategy that has the adequate configuration to overcome each of the identified tensions.

Abstract

The synonymic use of sustainable innovation types obstructs the impact of increasingly disperse research on sustainable innovation, environmental innovation, eco-innovation, and green innovation. To identify the meaning and contributions of each innovation type over time, we apply co-word analysis as a bibliometric technique to 1,985 papers, analysing the evolution of motor, emergent and basic themes for each type. For environmental innovation, the focus has shifted from environmental regulations and policies to patents and inventions with an environmental impact, while in sustainable innovations the societal impact of technology adoption has become a driver. Green innovation increasingly concerns environmental technology and its management, whereas eco-innovation studies aspects related to efficiency and decision making. Clear distinctions among sustainable innovation types will increase the impact of this expanding body of research and make it more available to managers and policymakers.

Abstract

Chinese innovation is again flowing westwards, which is fomented by China’s Belt and Road Initiative. In this context, we study the international impact of innovations from specific countries. Based on panel data of patents from 27 countries over 17 years, we find that levels of open innovation, technological complexity, and dominant design influence the international impact of innovations from a country. Contrary to earlier research, however, this influence is negative when open innovation activities are involved. This is particularly relevant in the context of Chinese innovation, in which the same innovation networks that promote efficient production may hinder the development of innovations. Due to the innate uncertainty and newness of innovation, partners beyond the common local and long‐term networks must be included. Hence, to effectively create a New Silk Road of Innovation, innovation ecosystems may need to expand across national borders. This opens up fruitful avenues for future research, and individuals with multiple cultural identities can bridge the gaps between contexts.

Abstract

To provide further knowledge and technology transfer to society, universities are exploring new collaborative models. These new models are regarded as promising alternatives to the patent-centric linear model. However, their implementation requires revising the roles of the actors in the technology transfer process and their relationships. While collaborative models could indeed be an attractive option for universities, there is limited evidence on how these collaboration processes could be effectively introduced. We use a longitudinal embedded multiple case study to explore the contribution of knowledge interactions between scientists and students in the preliminary steps of the technology transfer process. We investigate the learning dynamics between the focal actor, i.e., the scientist, and the students in a university setting to decipher how the introduction of such collaborative processes can contribute to knowledge and technology transfer. Our results suggest that students enrolled in an educational program can contribute to the scientist’s interest and engagement in technology transfer. However, we find out that the extent of the students’ contribution depends on the shared consensus over the technology function and the openness of the scientist to reconsider the technology’s meaning. We contribute to the ongoing exploration of alternative models for technology transfer and the identification of additional roles that students can take in entrepreneurial university ecosystems.

Abstract

Publishing in international journals is important but also a tricky task. Before this background, this editorial gives a consolidated overview of key aspects to guide authors along developing and submitting a scientific article in IEEE Transactions on Engineering Management. For this, we provide insights into formal requirements, with a major on specific article requirements that must be considered. With two checklists, we summarize key questions which every author should consider before submitting an article to IEEE TEM. Beyond that, the readers might also find these suggestions helpful for any other academic outlet, especially in the field of technological innovation and engineering management.

Abstract

Working with an open corporate accelerator program allows Mercedes to more quickly incorporate new technologies from startups.

Abstract

Innovation ecosystems evolve and adapt to crises, but what are the factors that stimulate ecosystem growth in spite of dire circumstances? We study the arduous path forward of the electric vehicle (EV) ecosystem and analyse in depth those factors that influence ecosystem growth in general and during the pandemic in particular. For the EV ecosystem, growth implies outcompeting the less sustainable internal combustion engine (ICE) vehicles, thus achieving a transition towards sustainable transportation. New mobility patterns provide a strategic opportunity for such a shift to green mobility and for EV ecosystem growth. For innovation ecosystems in general, we suggest that a crisis can serve as an opportunity for new innovations to break through by disrupting prior behavioural patterns. For the EV ecosystem in particular, it remains to be seen if the ecosystem will be able to capitalize on the opportunity provided by the unfortunate disruption generated by the pandemic.

Abstract

Das Management von Forschung und Entwicklung ist eine der wichtigsten unternehmerischen Funktionen, insbesondere in technologierorientierten Branchen. Vor diesem Hintergrund bietet dieses Buch einen umfassenden Überblick aller strategischen, operativen und taktischen Maßnahmen, die für ein erfolgreiches F&E Management notwendig sind. Darüber hinaus werden bewährte Tools und Best Practices vorgestellt, welche im F&E Management eingesetzt werden.

Abstract

People can now monitor and quantify their daily life activities through quantified-self products, such as self-tracking devices. These types of products are invading the market, and the reasons for their adoption must be understood. Word of mouth (WOM) plays a crucial role in the adoption of disruptive innovations. In line with the literature, this article demonstrates that quantified-self products are disruptive innovations that have distinct antecedents explaining why individuals use WOM. Hence, this article examines the need for uniqueness (NFU) and perceived values as drivers of satisfaction that in turn impact WOM. Data from a sample of 496 actual users of self-tracking devices were collected through an online survey. The results emphasize the positive impact of the NFU on satisfaction through utilitarian and hedonic values. We propose theoretical and managerial insights and suggest that companies must adopt a new perspective on disruptive innovations, particularly related to satisfaction and WOM, by considering the variables proposed in the research model.

Abstract

This book discusses several product development strategies and tools employed by organizations around the world to implement frugal innovations. Over the past decade, frugal innovations have caught the attention of countless management scholars. This book comes at the right time for academics and practitioners alike, as it explores how the concept of frugal innovation has evolved over the past several years and is shifting its focus from merely featuring ‘cost’ driven innovations to being more ‘resourceful’ and ‘sustainable’ at its core. Furthermore, in light of the ongoing digital revolution and emergence of new business models such as sharing economy and circular economy, the book highlights recent and upcoming trends and their impacts on frugal innovation strategies.

Abstract

While thinking in constraints is a key element of frugal innovation, it remains underexplored in the context of developing frugal innovations. Based on insights from the literature and two cases from the medical device industry, this article introduces the concept of constraint-based thinking to drive the frugal product development process based on constraints. This approach is operationalized through a systematic and iterative process to investigate the visible and underlying symptoms of different types of constraints, which are then mapped to specific product features and requirements. It consists of a problem space and a solution space, which are based on the idea that constraints are opportunities to develop innovative solutions. The main components of the constraint-based thinking approach are as follows: first, the identification of constraints or existing limitations, hindrances behind the current status quo that need to be changed; second, a root-cause analysis to understand the underlying causes for each of the identified constraints; third, a mapping of each of those causes to specific product characteristics or requirements; and, fourth, development of a minimal viable product or a prototype. This approach can be used both by companies to develop frugal innovations and by researchers to further develop the link between constraints and new products and services.

Abstract

Firms increasingly use ideas from online innovation communities to solve problems or to better address customer needs. However, in many cases the number of submitted ideas has exploded, it leads to an information overload that firms hardly can handle considering their limited cognitive resources. Therefore, we use the Elaboration Likelihood Model to distinguish between the quick and lean idea preselection process as a peripheral route of information processing and the subsequent idea review process as a central route of information processing. In our empirical study with a sample of more than 163,000 ideas collected from the Xiaomi MIUI community, we analyse influencing factors that increase the likelihood of ideas being preselected or reviewed. Results show that user status, user initiative contribution, and community recognition have a significantly positive influence on idea preselction, whereas user response contribution has no influence. Idea presentation characteristics have an inverted U-curve relationship with idea adoption. Community absorptive capacity has a moderate effect on the curvilinear relationship between idea description length and idea adoption.

Abstract

Artificial Intelligence (AI) is an emerging technological field with immense transformative potential. Within this context, we discuss the diverse ways AI is transforming innovation. We introduce a conceptual framework in which we argue AI plays the following two roles: originator and facilitator of innovation. Additionally, we discuss different applications and implications for innovation theory and practice using a reflection on the traditional innovation process and the front end of innovation perspective. For this, we use the perspectives of AI as technology push, AI as market pull, AI to advance steps in the innovation funnel as well as AI as a contributor to new product development. Finally, we discuss future directions for research in these fields.

Abstract

The emergence of digital innovation in academia and practice has been established, and it is time to consider when and how it affects innovation performance. Before this background, we examine how innovation practices such as open innovation and dominant design impact innovation performance, particularly in the case of digital innovation. We develop a theoretical framework that is tested on a long panel of patent data for 788 technologies over 32 years. Open innovation has no impact on the innovative performance of technologies in general, but for digital innovation, we find a positive effect. In addition, dominant design has a stronger impact on the innovative performance for digital innovations than for other innovations. We conclude that the management of digital innovation is different from that of other innovations since both open innovation and dominant design are more important for innovative performance. Indeed, some of the benefits of openness may only apply to digital innovation.

Abstract

The innovation of products, services, and business models is key to firm survival, performance, and growth in today's turbulent business environments. However, accelerating environmental dynamics also require speeding up the innovation process. A suitable solution may be the use of agility, especially at the front end of innovation. In this study, we aim to identify agility enablers in this first stage of the innovation process. We follow a two-step procedure. First, we review existing agility frameworks and find that several agility enablers are already discussed, but no holistic framework exists yet. Second, we conduct qualitative expert interviews to obtain a better understanding of additional enablers and enabler attributes. By comparing the theoretical and managerial sources, we find gaps in each side's attention. As a result, we introduce a novel, agile front end of innovation framework that helps firms pay attention to agility enablers that can speed up the innovation process.

Abstract

Digitalization plays a major role in contributing towards the United Nations Sustainable Development Goals. Without transformation of existing businesses, both economic and environmental challenges of the future cannot be solved sustainably. However, there is much confusion on interrelationships and terms dealing with digitization or digitalization: Digital business model, digital transformation, digital entrepreneurship. How do these terms interrelate with and to digitalization, and how do they support firms to grow sustainably? To answer this question, we identified seven core digital-related terms based on a structured literature search within the management and economics domain, namely: Digital, Business Model, Digital Business Model, Digital Technology, Digital Innovation, Digital Transformation, and Digital Entrepreneurship. Thereafter, we analyzed prior literature for deriving a common understanding and definition as a basis for interrelations within a conceptual framework. Definitions were presented in a case study setup with twelve innovation and research and development (R&D) managers from various business units of a German high-tech company. Based on these insights, we propose a conceptual framework on how Digital Readiness, Digital Technology, and Digital Business Models might sustainably relate to Innovation, moderated by a Digital Transformation Process. With this approach, we aim to equip practitioners and researchers alike in handling and addressing change through digitalization sustainably.

Abstract

Das Ideenmanagement und dessen Vorläufer, das Betriebliche Vorschlagswesen, gelten mit Fug und Recht als eine Keimzelle der Betriebswirtschaftslehre, denn bereits im 19. Jahrhundert haben sich Bürger, Politiker und Unternehmer Gedanken gemacht, wie die Ideen der Mitarbeitenden in der sich beginnenden Industrialisierung bestmöglich genutzt werden können. Vor diesem Hintergrund haben wir uns als zwei Generationen von Forschern zu einem wissenschaftlichen Gespräch verabredet, um Ein- und Ausblicke auf das Ideenmanagement zu geben: Norbert Thom (NT), geboren 1946, und Alexander Brem (AB), geboren 197

Abstract

Prior literature analysed why incubators exist and how to differentiate the various incubator types. However, measures that lead incubators to run as independent, self-sufficient incubation ecosystems (i.e. without the dependence on subsidies) remain largely absent. Based on a survey with 71 incubators, our results implied differences between the two groups in regard to their business models, with indications of significant differences in the customer value proposition, the profit formula, as well as the key resources and processes provided. The findings support previous claims regarding the need for a profit driven nature, regardless of business profit orientation, as well as generating diverse income streams to cover operational costs. Moreover, new insights on key elements of incubators’ business models within start-up incubation ecosystems are presented. With this chapter, practitioners as well as researchers will gain a further understanding of the success factors of self-sufficient incubators that contribute to functioning incubation ecosystem

Abstract

Research on R&D performance measures applied in firms is still scarce. Based on the established “R&D laboratory as a system” thinking, systematically derive and identify R&D department level key performance measures. Through a mixed‐method approach, grounded in (1) literature and (2) text analysis, 154 R&D performance measures were developed. Amongst those, an (3) online expert survey, as well as (4) three independent focus group workshops with >40 industry experts from more than ten industries identified and validated ten key R&D performance measures. All industry experts involved are members of an innovation network, additionally accounting for innovation network effects. In contrast to earlier research, some of the measures like degree of anticipation of internal customer needs were perceived both by the survey respondents and the focus groups as key measures, indicating that behavioral measures should not be excluded per se. However, the importance of external validity of R&D performance or indicators to measure performance in relation to activities outside the R&D department were not confirmed. Hence, we partly confirm the relevance of the original “R&D Lab” measures, contributing a more granular level, thereby drawing implications for future research and practice.

Abstract

The purpose of this study is to evaluate the impact of the 2008 financial crisis on innovation, as measured by the emergence of dominant designs. A negative impact is substantiated theoretically and empirically, based on longitudinal patent data from the OECD. This study also finds evidence for the moderating impact of globalization on the relationship between innovative performance and the emergence of dominant design. Thus, globalization is more important with regard to the establishment of dominant designs than it was before the financial crisis of 2008. Further, it is found that following the crisis, science-based industries tend to have more dominant designs than other industries.

Abstract

The present study investigates acoustic features of charismatic speech using a case study. There is an ongoing myth regarding the first ever televised presidential debate on September 26, 1960, between John F. Kennedy (who emerged as the winner of the debate) and Richard M. Nixon. The myth states that while Kennedy clearly won amongst the TV audience, Nixon was actually the winner among radio listeners. The question that appears is if the debate had only been broadcast over the radio (as in previous years), would Nixon’s tone of voice have helped him to victory over Kennedy? In a nutshell, based on current research on speaker charisma, this myth turns out to be plausible with certain reservations: Our results indicate that Nixon’s tone of voice corresponds more closely to what is nowadays known about charismatic voices as opposed to Kennedy’s tone of voice.

Abstract

What drives entrepreneurial action to create a lasting impact? The creation of new ventures that aim at having an impact beyond their financial performance face additional challenges: achieving economic sustainability and at the same time addressing social or environmental issues. Little is known on how these new hybrid organizations, aiming for multiple impact dimensions, organize and prioritize for their social, environmental, and financial goals. A dataset of 4,125 early-stage ventures is used to gain insights into how blended values are converted into financial, social and environmental impacts, giving shape to different types of hybrid organizations. Our findings suggest new hybrid organizations might opt to sacrifice financial impact to achieve social impact, yet this is not the case when they aim to generate environmental or sustainable impact. Therefore, the tensions and sacrifices related to holding blended values are not homogeneous across all types of new hybrid organizations.

Abstract

The major concern of employees during times of war and conflict is apparently physical survival. But how are top managers of small‐sized companies enhancing the generation of novel and useful ideas by their employees in such physically dangerous business environments? In Afghanistan, as a war‐torn country, this research examined for the first time how getting closer to employees—which is conceptualized as internal marketing orientation culture in our study—directly affects the generation of novel and useful ideas by employees in the workplace. Our analysis is based on survey data from 81 newly established small‐sized companies in Afghanistan. Results indicate a mediating role of employees' perceived psychological safety on the relationship between internal market orientation culture and employees' creative work involvement. Moreover, we discuss the impact of employees' creative work involvement on small‐sized firm competitiveness improvement in general. Finally, we extend our implications in the context of the componential theory model of creativity, which might also serve as a framework for future research.

Abstract

This paper uses horizon scanning as a foresight methodology to investigate the opportunities, challenges and futures of ICT for health and ageing, particularly focusing on identifying the ethical and social issues associated with this sector. It uses empirical evidence gained from the analysis of interviews, literature reviews, and policy documents to identify the primary signals within the areas of future technologies, future environments, future companies, and future older people. In addition, we build on contemporary internet-based discussions amongst the general public and the ICT start-up sector to identify weak signals regarding ethical and social issues, based on and around these areas. Our findings show that the key ethical and social issues identified are concerned with the issue of the elderly being seen as collections of diseases, the human face of ICT, privacy and informed consent, autonomy, stereotyping of older people, and general anxieties around ICTs. We conclude our paper with recommendations for addressing these ethical and social concerns, specifically through the adoption of responsible research and innovation practices.

Abstract

Even though the number of working women has steadily increased over the last few years, women are still significantly under-represented in STEM activities (i.e. mathematics, informatics, science and technology).  In order to eliminate this under-representation, numerous education policies and corporate initiatives, particularly in the recent past, have been aimed at increasing women's enthusiasm for STEM activities and professions. According to the latest surveys, however, it is clear that these efforts have not yet led to the desired success. Compared to their male counterparts, women continue to do fewer STEM activities.  One possible reason for this is that relatively little is yet known about the concrete impact of the above education policies on working with innovation and technology: What are the gender differences between women and men? Is it enough to recognize these differences, or should these differences ideally not only be recognized, but also treated appropriately or even encouraged?  This anthology deals with current topics in technology and innovation management against the background of these and other gender-relevant aspects. Empirical analyses and experiments in collaboration with companies from various sectors provide a sound scientific basis on which new results and findings are presented: How do women and men deal with creativity and competition? How are technologies applied and how can differences in access to technology be deduced?  Answers to these and other questions help decision-makers in politics and business to proactively use the differences between women and men to motivate women to work in the STEM field and to strengthen them by acknowledging existing difference

Abstract

Frugal innovation is emerging as a growing trend in both the developing and developed parts of the world. In developing countries, such cost-effective and accessible frugal innovations are necessary to overcome extreme conditions and existing resource constraints. In developed countries, however, companies are engaging in frugal innovations due to the growing awareness of eco-friendly and sustainable consumption (Kroll, Gabriel, Braun, & Engasser, 2017). Hence, companies are increasingly adopting new technologies to get on the wave of frugal innovation and are successfully developing more accessible and resourceful solutions (Weill & Woerner, 2013). Leading technologies such as mobile services, cloud technologies, 3D printing, and machine learning, are consistently being used to develop frugal innovations on a global scale. Recent literature has emphasised the role of new technologies as enablers of frugal innovation. However, insight on such innovations is limited (Ahuja & Chan, 2014; Agarwal & Brem 2017b). Prior research has rather focused on exploring the unique conditions of emerging markets as well as understanding the needs of bottom-of-the-pyramid customer segments (Radjou & Prabhu, 2016). Thus, the question of how new technologies can be utilised to address specific requirements of resource-constrained customers is still unanswered. Therefore, this chapter investigates multiple cases of technology-enabled frugal innovation across the globe. The aim is to understand how the new technologies are being used to develop frugal innovations that meet the needs of resource-constrained customers. For this purpose, six cases of technology-enabled frugal innovations from different industries are investigated.

Abstract

The purpose of this study is to evaluate the impact of the 2008 financial crisis on innovation, as measured by the emergence of dominant designs. A negative impact is substantiated theoretically and empirically, based on longitudinal patent data from the OECD. This study also finds evidence for the moderating impact of globalization on the relationship between innovative performance and the emergence of dominant design. Thus, globalization is more important with regard to the establishment of dominant designs than it was before the financial crisis of 2008. Further, it is found that following the crisis, science-based industries tend to have more dominant designs than other industries.

Abstract

In contrast to developed nations, where the crowdfunding system is well established, in developing regions of Asia and especially Africa, this system is still in its infancy. As a step to address this discrepancy, two crowdfunding systems from the North African region are analyzed through the specific translation phases of the actor-network theory. This study identifies nine key actors in the crowdfunding system within a North African context and also dichotomizes them into primary and secondary actors based on their role in the development of the network. The study also highlights different technical and regulatory challenges, such as the establishment of legal regulatory framework, restrictions on capital access, and business investment associated with North African crowdfunding systems.

Abstract

We report the experience of the FucoSan InterReg project that had the ambition to generate commercialization opportunities for biotechnology research in a marine environment. Fucoidan, a promising biomarine polysaccharide extracted from seaweed, offers a broad array of potential applications; however, the supporting innovation value chain is still under development. We explore how the use of business modelling tools can contribute to building a shared understanding of commercialization opportunities across a diverse range of research and development actors. We analyze data (interviews, workshops, and surveys) from a German-Danish network of actors involved in the FucoSan InterReg project to identify how the tools contribute to setting up a base to support future activities across a potential innovation value chain. The results point towards the direct and indirect positive effects of engaging in the co-creation of a shared understanding of the functionality and possibilities of promising biomarine products. The findings support the idea that interdisciplinary and multilateral interactions help actors to identify the necessary connections and interdependencies to build a sustainability-driven innovation value chain.

Abstract

Technologies like computer vision, advanced sensors, internet of things, 3D printing, big data, or artificial intelligence are penetrating all facets of the industrial value chains. Hence, industry is engaged in an accelerated automation race where industrial automation converts value chains into intelligent, data-driven systems. This generates new business models and spurs firm competitiveness in general. Companies thus pay attention to the development, acquisition, and incorporation of related technologies to profit from these developments in specific. For this, they must incorporate external flows of knowledge to succeed in innovation. Yet, there is a dearth of research that links open innovation to the incorporation of industrial automation, and to firm performance. Hence, this paper takes a knowledge-based view of the firm and sheds light on the moderating role of the processes of open innovation on the economic results of firms’ subject to automation. In order to do so, we estimate the impact of the interaction of open innovation and automation on firm turnover using panel data for 5287 Spanish firms from a variety of manufacture and service industries. We separate the effects for different open-innovation partners and find that turnover is increased for those automating firms that engage in open innovation with suppliers. These results indicate that suppliers possess the knowledge required for successful automation, and firms that innovate together with suppliers fare better at leveraging investments in automation. In addition, automating firms should exercise caution when choosing collaboration partners from the same country.

Abstract

In recent years, frugal innovation and its antecedents have gained significant attention in both theory and practice. However, the vast majority of research focuses mainly on China and India and their bottom of the pyramid (BoP) customers. Against this background, our research investigates frugal innovation and its reception in Brazil. We analyse six Brazilian company cases (three multinational corporations and three small- and medium-sized enterprises) in terms of frugal product development, product characteristics, and commercialisation approaches, as well as compare these organisations with findings from Asian lead markets. Our results confirm that the principal dimensions of frugal innovation are cost-effectiveness and ease of use. However, the findings also contradict the paradigm that frugal innovation must be essentially low-cost. Based on these results, we propose a twofold approach to the cost criterion that differentiates between the companys and the customers perspective and focuses on value-based pricing. Further, distinctive product features, branding, and specific marketing activities are crucial for successful frugal innovation in Brazil. This research extends the classification of frugal innovation in prior literature and suggests understanding frugal dimensions as a set of building blocks that can be flexibly applied to frugal product development depending on the context and regional requirement

Abstract

This study focuses on the dilemmas that social entrepreneurs encounter, and the practices used to manage dilemmas over time. Using a multi-method approach involving event structure analysis and an inductive multiple case study, we find four key organizational practices—asset multiplication, leveraging human capital, social embeddedness and affordable quality —that embody jugaad elements of frugality and inclusivity. Adding to social entrepreneurship literature, this study demonstrates that the jugaad approach is conceptually distinct from bricolage and relevant to study resource mobilization processes of social enterprises.

Abstract

Today, firms pursuing a pioneering strategy are often engaged in supply chain relationships to benefit from external resources and to improve their innovation. However, this effort can be impeded by power asymmetries in such relationships and especially by the execution of coercive power by their partner firm. Contracts could potentially reduce this risk of opportunistic behavior. Our survey study on 778 small to medium-sized enterprises in the European packaging and medical equipment industries examines how coercive power of the partner and the contractual arrangement between firms moderate the pioneering strategy's innovation outcomes in the short and long run. Our results confirm the negative effect of coercive power on innovation performance in both the short and long term. However, the compensating effect of rather complete contracts differs temporally. Whereas, contract completeness protects against higher dependence at the beginning of the collaboration, their effect diminishes over time. In contrast, rather incomplete contracts enhance the innovation performance in the long term, possibly complemented with trust.

Abstract

User Experience (UX) describes the holistic experience of a user before, during, and after interaction with a platform, product, or service. UX adds value and attraction to their sole functionality and is therefore highly relevant for firms. The increased interest in UX has produced a vast amount of scholarly research since 1983. The research field is, therefore, complex and scattered. Conducting a bibliometric analysis, we aim at structuring the field quantitatively and rather abstractly. We employed citation analyses, co-citation analyses, and content analyses to evaluate productivity and impact of extant research. We suggest that future research should focus more on business and management related topics.

Abstract

The value of existent firm's resources in uncertain and dynamic contexts is unclear. It is difficult to determine whether starting a new firm with a strong resource position will give an advantage in technology-intense contexts. We propose a revision of the role of resources in new tech-based ventures. We adopt a mixed-method approach. We use the cases of 21 new technology firms to build propositions on what factors (resources) play a role in new venture emergence. We then test to what extent those resources make an effect on the new venture emergence using a longitudinal dataset of 400 new technology-based firms. The results show that not all resources matter equally in the early-stages of a new technology-based firm. We identify that specific combinations of entrepreneurial experience and industry knowledge has a positive impact, while other resources such as technology assets, surprisingly, do not generate a clear impact.

Abstract

The Lean Startup approach and its related Minimum Viable Product thinking is one of the key trends not only in entrepreneurship, but also in more and more established companies. Before this background, this paper experimentally investigates whether and how the Lean Startup approach improves innovation processes in established companies. For this, the overall experiment had 23 participants, the outcome was then matched against a control group and evaluated through a survey with 146 representatives of the target group of the product. The results show that the Lean Startup approach outperforms the traditional approach and that this method improves the success rate of innovation ideas and thus supports the learning philosophy within established companies. Moreover, the experiment revealed a superior performance, especially relating to financial output. Based on these results, implications for research and companies are discussed, as well as limitations and further research suggestions.

Abstract

Phonetic research on the prosodic sources of perceived charisma has taken a big step towards making a speaker’s tone-of-voice a tangible, quantifiable, and trainable matter. However, the tone-of-voice includes a complex bundle of acoustic features, and a lot of parameters have not even been looked at so far. Moreover, all previous studies focused on political or religious leaders and left aside the large field of managers and CEOs in the world of business. These are the two research gaps addressed in the present study. An acoustic analysis of about 1,350 prosodic phrases from keynotes given by a more charismatic CEO (Steve Jobs) and a less charismatic CEO (Mark Zuckerberg) suggests that the same tone-of-voice settings that make political or religious leaders sound more charismatic also work for business speakers. In addition, results point to further charisma-relevant acoustic parameters related to rhythm, emphasis, pausing, and voice quality - as well as to audience type as a significant context factor. The findings are discussed with respect to implications for future perception oriented studies and perspectives for a computer-based measurement, assessment, and training of a charismatic tone of voice.

Abstract

Prospective surveys are a common research mode used to establish a profound decision base for R&D investments, technological innovation, and policy making. The challenge faced by participants of such surveys, particularly if conducted via impersonal survey modes (e.g., mail or online surveys), is the limited ability to clarify contextual issues. Related research in socio‐psychology refers to language vagueness as abstractness, cautioning that abstract language and the way people interpret information are related. We apply Construal Level Theory and the Linguistic Category Model from linguistic sciences to the context of prospective surveys and examine the effects of abstract language and its related amount of information on panelists' response behavior. Based upon 32,000 observations, our research reveals that higher abstractness and greater amount of information reduce the clarity of the respondents' assessments of survey questions. In particular, abstract language and lengthy questions lead to less extreme assessments and a reduced response variance of panelists.

Abstract

The rising use of crowdfunding makes it important for project initiators to know how they can increase the likelihood of success of their crowdfunding campaign. The effects of using social media, although relatively easy to do via most crowdfunding platforms, have not yet been analysed in greater detail in scientific research. We address this research gap by investigating the effects of social media reach and utilisation on measures of reward-based crowdfunding success, based on an analysis of 230 projects from the crowdfunding platform wemakeit. Our results show that social media reach via the number of social media accounts that belong to the project and the number of accounts that belong to the project initiator increases the number of investors and the percentage of the funding goal that is obtained. Furthermore, social media reach via the size of the projects’ and the individuals’ social networks has not been found to be important for crowdfunding success. Social media utilisation in regard to the amount of content shared is found to be positively associated with crowdfunding success.

Abstract

Cognitive and behavioral factors are becoming increasingly relevant in research on the emergence of entrepreneurial action. To date, little research has examined whether an entrepreneurial mindset can be affected by targeted entrepreneurial priming interventions, even though the activation of specific mental concepts possesses the power to stimulate entrepreneurial self-concepts. Such a mechanism is also inherent in certain academic teaching methods like use-case application and storytelling. We developed and applied an entrepreneurial priming intervention, aimed at increasing the level of entrepreneurial self-efficacy and the attitude towards starting a new business of the priming receivers. Therefore, an experimental study with entrepreneurship students, randomly assigned to either the trial group (n = 47) or the active control group (n = 51), was conducted. Both our hypotheses are supported, as our findings show a higher level of entrepreneurial self-efficacy and a more positive attitude toward launching a business venture for receivers of a semantical, entrepreneurial prime than for members of the non-primed active control group. These results provide insights into the triggering of students’ entrepreneurial cognition, and help to develop a more profound understanding of the effectiveness of common teaching methods like use-case application and storytelling, both within and beyond an entrepreneurial educational setting.

Abstract

The interaction of creativity, innovation and sustainability is gaining momentum, but a lot more research is necessary. Some potential (not binding) areas of investigation for creativity and innovation are novel and useful conceptual definitions and theoretical framings of sustainability, as well as ideas for how to solve environmental and social problems with implications for sustainability. In addition, there is a high need for different methodological approaches to conduct research on sustainability, which might come from different fields like sociology or engineering. Before this background, this article introduces a conceptual framing of creativity, innovation and sustainability.

Abstract

Das Management von Forschung und Entwicklung ist eine der wichtigsten unternehmerischen Funktionen, insbesondere in technologierorientierten Branchen. Vor diesem Hintergrund bietet dieses Buch einen umfassenden Überblick aller strategischen, operativen und taktischen Maßnahmen, die für ein erfolgreiches F&E Management notwendig sind. Darüber hinaus werden bewährte Tools und Best Practices vorgestellt, welche im F&E Management eingesetzt werden.

Abstract

Purpose Successful innovation requires a significant financial commitment. We therefore investigate the relation between internal and external financing and the degree of innovation in European firms. Methodology We carry out an empirical investigation using a longitudinal data set including 146 large, quoted, European firms over ten years, resulting in 1460 firm years. Findings We find that only firms in the energy sector will be more innovative when they are profitable. For the sectors of basic materials, manufacture, and construction, services, financial and property services, and technology and telecommunications, profitability is negatively related to innovation. External financing in the form of debt reduces the focus on innovation in profitable firms. Research Implication We analyze the findings through the lens of evolutionary economics. The model is not valid for firms in the consumer goods sector, which indicates a need for adapting the model to each sector. We conclude that the impact of profitability on innovation varies across sectors, with debt financing as a moderating factor. Originality To best of our knowledge, this is the first study analyzing internal and external financing and the degree of innovation in European firms on a longitudinal basis.

Abstract

Innovation contributes to corporate competitiveness, economic performance, and environmental sustainability. In the Internet era, innovation intelligence is transferred across borders and languages at an unprecedented rate, yet the ability to benefit from it seems to become more divergent among different corporations and countries. How much an organization can benefit from innovation largely depends on how well innovation is managed in it. Thus, there is a discernible increase in interest in the study of innovation management. This handbook provides a comprehensive guide to this subject.  The handbook introduces the basic framework of innovation and innovation management. It also presents innovation management from the perspectives of strategy, organization, resource, as well as institution and culture. The book's comprehensive coverage on all areas of innovation management makes this a very useful reference for anyone interested in the subjec

Abstract

Crowdfunding has become a key research trend in recent years providing a new form of acquiring funding for innovation projects from users prior to the realization of the product in a ‘market before the market’. In this paper, we link the concept of crowdfunding with the user innovation phenomenon and show how user innovators harness crowdfunding to complement their innovative behavior and obtain funding to build firms and produce products in a more professional way. Conducting three case studies ranging from low- to high-tech crowdfunding campaigns, we investigate how crowdfunding impacts constituent dimensions of user innovation theory such as user motivation, user role, user community, collaboration between users and user investments. In particular, we argue that crowdfunding platforms (CFPs) may give rise to a more widespread occurrence of user entrepreneurs, who found a firm to commercialize their product or service in a marketplace they have created for their own need. Hence, we show the development from traditional user innovation to crowdfunding-enabled user innovation, which democratizes not only the creation but also the more large-scale commercialization of new products and service

Abstract

There is a limited understanding of the antecedents and consequences of employee vitality during war zone exposure. The current study is one of the first ones to investigate the direct effects of perceived danger on employee vitality by collecting data from Afghanistan, one of the most dangerous countries in the world. Furthermore, it was investigated how employee vitality affects sustainable behavior at the workplace. The hypotheses of the study have been tested by using data from two surveys collected from 192 employees working in small-sized private businesses in Afghanistan. The results indicate that high levels of perceived danger negatively impact employee vitality at work. In addition, we found that employees with vitality engage in more pro-environmental behavior in the workplace. The engagement of vital employees in pro-environmental behavior is higher among those employees who have a high level of environmental awareness. This paper concludes by presenting the limitations and implications of this study, as well as highlighting potential avenues for future research.

Abstract

Internationalization is a hot topic in innovation management, whereby the phenomenon of "Born Globals" is still limited to research in the domains of Entrepreneurship and International Management. As business model design plays a key role for Born Globals, we link these two concepts. For this, we propose hypotheses about the influence of efficiencycentered and novelty-centered business model design on international firm performance. To test these hypotheses, we performed a quantitative survey with 252 founders of international companies in Germany, Switzerland and Liechtenstein. Additionally, we gained further insights through a case study analysis of 11 Born Globals. The results show that business model design matters to international firm performance and the business model design of Born Globals tends to be more efficiency-centered. Based on a multiple case study, we analyzed business models in a more sophisticated way and derived propositions that yielded in an archetype of a Born Global's business model.

Abstract

We examined the relationships between perceived environmental uncertainty and firm strategies (innovation vs. imitation) with a sample of 143 Iranian entrepreneurs. By using longitudinal data, we hypothesized that perceived environmental state uncertainty increases the possibility of pursuing innovative strategies and that the perceived effect and response of uncertainty increases the possibility of pursuing imitative strategies by Iranian entrepreneurs during the post-sanction period. Our results extend previous research by not only highlighting the importance of perceived environmental uncertainty in shaping firms’ strategic behavior, but also indicating how each dimension of perceived environmental uncertainty either enhances or inhibits the innovation/imitation strategy. Since perceived environmental uncertainty is a multidimensional and broad concept that usually stems from different sources, ignoring the exact types of uncertainty faced by entrepreneurs during strategy formulation could lead to unproductive investments and higher costs that may hurt firm performance in the long term. Our findings are in general consistent with the predictions of upper echelons theory and confirm that the strategy of a firm varies according to the types of uncertainty perceived by entrepreneurs.

Abstract

Understanding how a new digital technology can translate into a valuable innovation is a challenge for established players and new entrants. For industrial players in an ecosystem it can be both a threat or an opportunity. Furthermore, the new technologies open collaboration opportunities between corporates and startups. But, it is remains unclear what are the consequences of opening up, and whether it has an impact on the innovation dynamics in the industrial ecosystem. We use the case of the Wind Industry in Denmark, as a maturing industrial ecosystem, to study when and how the new entrants (technology entrepreneurs) have had an impact on the innovation dynamics. We first combine archival data with interviews to build an historical account of the evolution of the industrial ecosystem, then we incorporate data from the new entrants in the industry to specify the types of innovations that the most recent digital technology entrepreneurs have triggered. The results suggest differences in the innovation dynamics depending on the value chain position. While some activities have remained rather closed (for instance the technological development of the core elements in the wind turbines), the operations and maintenance activities have profited from digital technologies introduced by new entrants. Using these insights, we present and discuss suggestions to institutional actors interested in protecting the innovation leadership of their regional industrial ecosystems.

Abstract

Managers need to actively drive the growth of innovation ecosystems. This paper describes the obstacles companies face when commercializing innovations and identifies strategies for overcoming these barriers through activating innovation ecosystems. We explore three ecosystems at different stages of maturity, namely San Francisco, Barcelona, and Nairobi, and derive a taxonomy of strategies for activating innovation ecosystems with regard to the maturity of the ecosystem. The paper thus contributes to the wealth of knowledge concerning the commercialization of innovations in general and within innovation ecosystems in particular. We fill a gap in the understanding of the stages of maturity of innovation ecosystems, and the corresponding actions required by managers and policy makers. Policy makers and other actors can incentivize ecosystem development through adapting initiatives to the maturity of the ecosystem in question.

Abstract

The engagement with industry actors is a key element in the transition towards an entrepreneurial university model. The purpose of this paper is to explore the university-industry collaboration (UIC) drivers from the industry side. It analyses how, and to what extent, policy interventions could increase the engagement of industry actors in UICs. An experimental research design involving a feasibility and pilot study (January to June 2018) with 36 firms. In a non-urban region context, with a satellite university campus. The pilot explores a randomized control trial (RCT) design, with a training intervention to a randomized group of participants in the pilot. Firms involved in universities' students (academic forms of UICs) might not necessarily consider the university as a research partner, even in a geographic proximity setting. In addition, there is a potential “dark-side” to proximity, when industry participants build their perceptions using second-hand experiences or indirect information. A training intervention facilitates to overcome pre-existing biases but does not trigger a substantial change in the UIC's behaviour of the firms in the short-term. The pilot study provides valuable insights for researchers interested in a larger randomized control trial. It also provides insights for university managers that want to understand the motivations of industry participants in UICs. The experimental approach of the research generates evidence on the feasibility to intervene in the activation of UICs from an industry perspective, a central aspect in transition towards an entrepreneurial university model.

Abstract

Managing Innovation is a three-part series covering contemporary technology and innovation management research areas. Each volume comprises key articles from both the International Journal of Innovation Management and the International Journal of Innovation and Technology Management and provides an international, disciplinary approach across its broad coverage of topics. Relevant for both academics and practitioners, this volume looks at the international aspects of innovation with case studies from China, Germany, India and Russi

Abstract

Technologies like computer vision, advanced sensors, internet of things, 3D printing, big data, or artificial intelligence are penetrating all facets of the industrial value chains. Hence, industry is engaged in an accelerated automation race where industrial automation converts value chains into intelligent, data-driven systems. This generates new business models and spurs firm competitiveness in general. Companies thus pay attention to the development, acquisition, and incorporation of related technologies to profit from these developments in specific. For this, they must incorporate external flows of knowledge to succeed in innovation. Yet, there is a dearth of research that links open innovation to the incorporation of industrial automation, and to firm performance. Hence, this paper takes a knowledge-based view of the firm and sheds light on the moderating role of the processes of open innovation on the economic results of firms’ subject to automation. In order to do so, we estimate the impact of the interaction of open innovation and automation on firm turnover using panel data for 5287 Spanish firms from a variety of manufacture and service industries. We separate the effects for different open-innovation partners and find that turnover is increased for those automating firms that engage in open innovation with suppliers. These results indicate that suppliers possess the knowledge required for successful automation, and firms that innovate together with suppliers fare better at leveraging investments in automation. In addition, automating firms should exercise caution when choosing collaboration partners from the same country.

Abstract

Die Betriebswirtschaft erfindet sich immer wieder neu. Sie entwickelt regelmäßig Theorien und Methoden und verfängt sich nicht in den methodischen Fehlschluss, die Wirtschaftswissenschaften müssten nach naturwissenschaftlichen-mathematischen Gesetzmäßigkeiten in der Wirtschaft suchen. Vor diesem Hintergrund ist die neue Betriebswirtschaft ein Ansatz, die klassische Betriebswirtschaft mit aktuellen Fragestellungen zu verbinden. Dieses Buch stellt deshalb klassische Themen wie Buchhaltung, Kosten-, Erfolgs- und Umsatzrechnung, Finanzierung dar, aber auch explizit Statistik zur Datengewinnung und Datenauswertung. All diese Themen werden stets im Lichte der aktuellen Entwicklungen von Digitalisierung, Internationalisierung und innovativen Geschäftsmodellen behandelt. Die Autoren wenden sich klassischen Funktionen des Betriebes zu, aber auch Themen wie Security, Compliance, Nachhaltigkeit, Online-Marketing, Innovationsmarketing, Strategisches Controlling, Cross-Mergers and Acquisitions, u.a. in Verbindung mit der Unternehmensbewertung, sowie Risk-Management. Das Buch richtet sich an Studierende der Wirtschaftswissenschaften sowie an Unternehmer und Manager, die sich mit betriebswirtschaftlichen Themen in Theorie und Praxis auseinandersetzen.

Abstract

With growing interaction among firms in the innovation process, the need for efficient protection of intellectual property rights (IPR) also increases. The high costs and lengthy processes associated with patenting call for firms to use other methods of protecting their intellectual property (IP). The low costs and high revenues associated with the use of trademarks entice the adoption of this measure. For SMEs however, recent evidence questions the long-term benefits of trademarks, and suggests that industrial designs may be a more efficient form of IP protection. There is little evidence for or against using copyright, possibly due to difficulties in measuring this IPR. As product cycles are shortening, firms increasingly protect IP through speed-to-market and secrecy. However, more research is needed as to how secrecy relates to more formal methods of IP protection.

Abstract

Creativity workshops are a common way of involving employees and other stakeholders in innovative endeavors. However, not much is known about how to successfully plan and execute such innovation workshops, especially for people with no specific expertise in this field. This paper introduces a creativity workshop setup, which can serve as a blueprint for different kinds of workshops where the creation of novel ideas is the goal. In order to achieve this, a basic distinction of creativity techniques is provided, as well as a structured overview of a creativity workshop implementation structure and time plan. The paper closes by identifying typical mental barriers for decision makers that should be taken into consideration when planning such workshops.

Abstract

More and more, established companies try to cooperate with start-ups, build their own, or try to imitate their mindsets. But, do they make decisions like expert entrepreneurs? Effectuation theory describes entrepreneurial decision-making, it has been popular in entrepreneurship research for the last two decades, but still underexplored in contexts such as established company’s decision-making. Therefore, this study answers the question of which factors affect the use of effectuation in established companies. Furthermore, the current use of the start-up decision-making principle is investigated. The research results show a higher use of effectuation over causation (alternative mechanism) in established companies. However, decision-making principles like “Mean orientation” and “Contingency orientation” are still dominated by causation. Identified factors for implementing effectuation in established companies are divided into six categories. In particular, effectuation requires a high flexibility and willingness to change goals. Using the already available means and resources of a company to pursue new goals, is another argument for using effectuation. Additionally, a more open and transparent culture, encouraging the identification and admittance of mistakes, also supports the use of effectuation. Based on this research, established companies should be able to understand better on which factors the implementation of effectuation depends and where it makes sense to use it.

Abstract

Qualitative Forschung in der Betriebswirtschaftslehre – ein nach wie vor oft vernachlässigtes Thema. Denn schwerpunktmäßig werden qualitative Verfahren vorwiegend in soziologischen Bereichen angewandt, obwohl in vielen Lehrbüchern zur empirischen Forschung die Zusammengehörigkeit von quantitativen und qualitativen Verfahren – auch in der Betriebswirtschaftslehre – beschworen wird. Vor diesem Hintergrund stellt vorliegender Beitrag die historische Entwicklung der Wissenschaftsziele in der Betriebswirtschaft dar, um über die Mischform der angewandten Forschung auf die Rahmenbedingungen für anwendungsorientierte, qualitativ-empirische Forschung in der Betriebswirtschaftslehre zu sprechen zu kommen. Nach der Definition elementarer Begrifflichkeiten wie Bezugsrahmen, Modell und Theorie und der Abgrenzung quantitativer zu qualitativer Forschung schließt der Beitrag mit dem Vorschlag einer theoriegenerierenden Forschungsstrategie für qualitative Untersuchungen im betriebswirtschaftlichen Kontext.

Abstract

This research is an approach to connect creativity and multicultural experiences (MCEs): we give insights into how and what type of MCE influences people’s perceptive abilities such as creativity. We offer one of the first empirical examinations that links the perception of creativity concept to strategy of acculturation. This study addresses an often-mentioned research gap by examining laypersons’ ability to perceive different levels of creativity. For this, a sample of 195 participants from 26 countries with and without MCE was researched. Findings indicate that attitudes as well as personal and professional goals apparently influence people’s creativity perception. The acculturation strategy integration seems to be a determining factor in this respect. As MCE has become a firm part of many people’s CV, the present paper adds to an omnipresent phenomenon in today’s society, which is worth studying.

Abstract

Corporate innovation management geared to long-term success calls for a strategy to grow innovations into a substantial competitive advantage. This, however, coincides with an enormous failure-rate at the market, especially in the field of breakthrough innovations. Hence, in recent times, companies are trying to alleviate the risk of lacking user-acceptance through opening their innovation processes to external actors, particularly customers. The method of integrating lead users is determined by the effective and systematic identification of leading-edge customers, which is considered to be a critical phase within this approach. With the arrival of Web 2.0 applications, there is a huge potential to improve these selection processes. Our research into online communities and weblogs scrutinised the search criteria in an online environment and revealed the following characteristics as crucial factors for the online identification of lead users: being ahead of a market trend, high expected benefits, user expertise and motivation, extreme user needs as well as opinion leadership and an online commitment.

Abstract

The innovation of products, services, and business models is key to firm survival, performance, and growth in today’s turbulent business environments. However, accelerating environmental dynamics also require speeding up the innovation process. A suitable solution may be the use of agility, especially at the front end of innovation. In this study, we aim to identify agility enablers in this first stage of the innovation process. We follow a two-step procedure. First, we review existing agility frameworks and find that several agility enablers are already discussed, but no holistic framework exists yet. Second, we conduct qualitative expert interviews to obtain a better understanding of additional enablers and enabler attributes. By comparing the theoretical and managerial sources, we find gaps in each side’s attention. As a result, we introduce a novel, agile front end of innovation framework that helps firms pay attention to agility enablers that can speed up the innovation process.

Abstract

Contemporary organizations develop porous structures and permeable boundaries to employ external knowledge and resources. On the one hand, permeability in organizations engenders fluidity which increases organizational capabilities through adaptability, diversity, and speed. On the other hand, organizations continuously redefine and reinvent their boundaries to remain stable and to exhibit self-identity. These two competing demands of organizations to simultaneously become fluid as well as stable are evident in modern shared workplaces where organizations share offices with other organizations and professionals. The purpose of this research is to analyze how permeability in shared office spaces influence the internal work structures and processes of members’ organizations who have relatively fixed memberships, stable structures, and steep hierarchies. We collected qualitative data based on an inductive research methodology from the providers and users of a coworking-space. Our study concludes that participational autonomy, spatial and virtual connectivity and interrelational heterogeneity determine the level of permeability in a coworking-space. The space level permeability influences the work structures and task processes of members’ organizations. Changeability in organizational processes engenders structural differentiation, decentralization, and ad-hoc work processes, which provide autonomy to the organizational employees or independent users to define their work structures, task processes, and work routines. Organizations though maintain their rudimentary structures and permeable boundaries through self-regulatory resources. In this way, permeability enables organizations to leverage the differentiated capabilities of members within and outside of the space and facilitates knowledge exchange across boundaries and hierarchical levels that lead to innovative outcomes.

Abstract

This book captures recent research on managing mobile technologies. It provides a handbook-style reference to professionals in different industries to help them manage the very latest technologies that have become a part of every business today. The book reviews multiple perspectives of the challenges brought by the introduction of mobile technologies into our lives. The technical perspective covers major constructs at play; the organizational perspective reviews international cases; and the personal perspective investigates the adoption of emerging applications and their impact. By reviewing multiple perspectives, readers will be able to adopt a tool to manage the complexities and challenges brought by the mobile technologie

Abstract

A rich body of literature has emerged from research on Western new product development (NPD). However, the impact of country- and culture-specific influences on these processes has not been examined in detail yet. Hence, this study identifies the differences in NPD practices between the Indian and German research and development (R & D) subsidiaries of multinational companies (MNCs). Data have been generated by interviews with R & D executives in both countries across multiple cases. The study samples strategic, organisational, and operational aspects and indicates differences in process coordination, reward systems, NPD creativity techniques, market orientation, and the average age of NPD teams. Other aspects, such as top management support, the use of structured NPD processes, and the use of heterogeneous NPD teams, show no substantial differences between the countries. Our findings suggest that, while some aspects are universally applicable across cultural frontiers, Western companies must understand Indias different expectations regarding NPD and adjust their practices accordingly.

Abstract

Most of the firms currently in the S&P 500 probably will not be there in 15 years. In times of great uncertainty, managers are called upon to make the right strategic choices, preserve core businesses, and prepare their organizations for the future. How can managers make these choices when the industry is under transformation? In this article, we explore how the popular VUCA framework can help to make sense of turbulent contexts and drive the decision making of managers. We study the case of the energy industry, in which traditional business models eroded quickly and dominant players lost their positions. Based on personal interviews with the CEOs of RWE (Germany) and NRG Energy (U.S.), we analyze how these executives led transformation of their organizations. We get immersed in their decision-making processes and depict how the VUCA framework helps them to identify, map, and prepare their organizations to respond to the volatility, uncertainty, complexity, and ambiguity in their industry. We propose a guide for executive managers to navigate through VUCA contexts, taking into account the necessity to introduce short- and long-term responses that prepare organizations and stakeholders for an uncertain future. (C) 2018 Kelley School of Business, Indiana University. Published by Elsevier Inc. All rights reserved.

Abstract

Managing Innovation is a three-part series covering contemporary technology and innovation management research areas. Each volume comprises key articles from both the International Journal of Innovation Management and the International Journal of Innovation and Technology Management and provides an international, disciplinary approach across its broad coverage of topics. Relevant for both academics and practitioners, this volume answers how organisations can develop innovative approaches from a perspective that encompasses technological advances, changes in the market and individual entrepreneur

Abstract

An increase in the number of companies that publish corporate social responsibility (CSR) statements, and a rise in their ‘sustainability’ research, reflects a growing acceptance that broad ethical considerations are key for any type of company. However, little is known about how companies consider moral objectives for their research and development (R&D) activities, or the basis upon which these activities are chosen. This research involves qualitative investigation into Responsible Research and Innovation (RRI) in the Information and Communication Technology (ICT) industry, comprising 30 in-depth, pan-European interviews with key personnel in the industry, and focus groups with employees at 14 different companies. Through investigation of the ‘responsible’ activities these companies currently undertake, we shed light on the types of moral goals they set and their underlying ethical standpoints. By reviewing both the responsible innovation and sustainability discourses, and presenting phenomenological evidence, we demonstrate that companies have adopted some aspects of RRI, even though it might not be recognised as such. Our findings indicate that these innovators recognise some of the ethical and societal concerns associated with their activities but their approach is often piecemeal; primary focus is upon the most immediate issues and on legal compliance, to the detriment of broader societal issues and wider challenges. We recommend explicit mechanisms that draw upon established ethical thought and practical academic work to improve companies’ abilities to carry out their sustainability activities, and incorporate them into a responsible business strategy. We conclude with recommendations for innovators, corporate research and development, and policy

Abstract

This book addresses the issue of managing modern medical innovations through an inductive approach of looking into cases before putting forward solutions in terms of strategies and tools. It provides a model for the designing and implementation of effective healthcare technology management (HTM) systems in hospitals and healthcare provider settings, as well as promotes a new method of analysis of hospital organization for decision-making regarding technology to deliver better medical technological innovations. Given that medical innovations are mostly driven by technology (bottom-up) rather than top-down desires from the medical profession, the authors propose a strategy to manage medical technological innovations by finding a balance between bottom-up innovations (taking into consideration constraints, or standard for conformity, such as HL7) and what medical professionals want and need. In this book, the authors evaluate the issues of innovation strategies and present survey tools available to implement good designs. Case studies are used to demonstrate some of the applications areas of concepts and ideas outlined in the book. Managing Medical Technological Innovations is organized in three parts. Part 1 covers innovation strategies, laying the groundwork and concepts in design thinking. Part 2 follows by presenting the tools available for implementation. And finally, Part 3 uses the case studies of pharmaceutical firms in China and Holland's hospital medical record management system to illustrate how these ideas and methodologies have been applie

Abstract

Digital technologies have become a new economic and social force, reshaping traditional business models, strategies, structures, and processes. Digital entrepreneurship, which focuses on creating new ventures and transforming existing businesses by developing novel digital technologies or their novel usage, is seen as a critical pillar for economic growth, job creation, and innovation by many countries. Further, digital technologies have also enabled the growth of the sharing economy, linking owners and users and disrupting the previous dualism of businesses and customers.This volume discusses the management of new technology-based firms and technology projects initiated in academic or industrial contexts. The contributions feature new theoretical concepts, ethical considerations, empirical data analysis (qualitative and quantitative), archival and historical methods, design science approaches, action and field research, as well as management science methods, informatics and cybernetics.

Abstract

These days, crowdfunding has become an established tool for entrepreneurial financing. Beyond that, it also established a new way of innovation marketing, especially for high-tech products: using crowdfunding to find out if there is a market for the product. Without the goal of collecting money for the start-up, this approach makes a new strategic approach necessary how to setup entrepreneurial commercialization strategies. This chapter offers insights into such crowdfunding behavior, and how technology entrepreneurs can make use of it. For this, a market theory perspective is taken on crowdfunding platforms, with implications for theory and practice.

Abstract

Syndication or co-investment is a potent way of pooling resources among peer Venture Capital (VC) firms. This is even more vital for Foreign VC firms (FVCFs) when investing in destinations that are geographically distant from their countries of origin. Although FVCFs are relatively abundantly endowed in terms of financial capital, they are distinctly disadvantaged in terms of their social capital when investing in geographies that are distinctly different in terms of their institutions, norms, and culture from their own. One of the ways in which FVCFs overcome this impediment is by investing in human resources that serve as a bridge between their financial and social capital. Accordingly, the primary aim of this study is to investigate the relationship between the resources of FVCFs and their syndication intensity. Using the technique of logistic regression, we arrive at several interesting findings. FVCFs with a greater proportion of investment executives with prior founding experience in India and those with lower proportions of professionals of Indian origin demonstrate lower syndication intensity. Similarly, the syndication intensity diminishes with the increase in size of the investing team. FVCFs with greater fund size demonstrate a lower need for syndication. Greater endowment of social capital as proxied by the age of the VC firm is seen to enhance the syndication intensity.

Abstract

In recent years, there has been a shift in the epicenter of innovation from developed to emerging markets. Western multinationals are increasingly harnessing the potential of emerging markets by setting up local subsidiaries and developing frugal and reverse innovations. This study is an attempt to explore this shift and investigate the process of development of these innovations using a case study analysis approach. The study analyzes the case of a technology-based Danish multinational (MNC) and explores how frugal innovations in India and China are developed. Based on nine interviews with leading R&D experts, the results provide evidence for the ongoing innovation shift and offer insights into the development of frugal products in local R&D projects. Growing traction towards reverse innovation, where MNCs are developing frugal products for global markets is also an important finding. <

Abstract

We use a longitudinal dataset on new ventures to assess the effects of human capital factors (education, work experience, and entrepreneurial experience) on new ventures' performance. Our results show how the influence of human capital factors are dependent on the context (high vs. non-high technology industries) and illustrate the different effects of general and specific human capital factors. The findings help to clarify the existing debate on the influence of human capital where we introduce a longitudinal perspective that contributes to uncover the influence of factors such as prior experience, in particular if in the same industry, as a positive influence on new ventures' future performance.

Abstract

When implementing social media strategies on Facebook brand pages, companies focus on factors that prompt electronic Word-of-Mouth (eWoM) about brand contents. This study examines individual and collective factors that lead to brand content sharing behaviors. The research conducts a field study of a real brand on its Facebook fan page to gather actual behavioral data. Both declarative and behavioral data are used to explain brand eWoM, based on 250 participants. Empirical results show that the Facebook activity has a positive influence on brand content sharing for active users (posters) but not for nonactive users (lurkers), while brand engagement positively affects brand content sharing for both active and nonactive users. Furthermore, brand community involvement does not have an influence on brand content sharing. Findings offer companies useful recommendations for using the determinants included in our research design to understand and analyze the sharing behaviors of users.

Abstract

Customer capital has attracted a great deal of attention among marketing scholars in recent years. This study explores at first the links between customer capital with firm innovativeness (i.e., the ability to generate new ideas and actions within firms) and customer response speed (i.e., the ability to respond to the customers’ needs immediately). Furthermore, it is analysed how firms’ marketing capability mediates these relationships. For this, a unique environment in post-sanctions Iran is chosen. By using the original survey data from 107 small and medium-sized enterprises (SMEs), our results confirm that durable relationships that a company builds with its customers over the time enhance the market information within firms. This, in turn, enables firms to respond faster to market changes with innovative products and services. Furthermore, the lifetime relationship with the customers enhances the awareness of firms about customers’ needs and demands in a timely manner. Accordingly, it accelerates the process of responding the customers’ requirements before competitors can catch up.

Abstract

The rising use of crowdfunding makes it important for project initiators to know how they can increase the likelihood of success of their crowdfunding campaign. The effects of using social media, although relatively easy to do via most crowdfunding platforms, have not yet been analyzed in greater detail in scientific research. We address this research gap by investigating the effects of social media reach and utilization on measures of reward-based crowdfunding success, based on an analysis of 230 projects from the crowdfunding platform wemakeit. Our results show that social media reach via the number of social media accounts that belong to the project and the number of accounts that belong to the project initiator increases the number of investors and the percentage of the funding goal that is obtained. Furthermore, social media reach via the size of the projects’ and the individuals’ social networks has not been found to be important for crowdfunding success. Social media utilization in regard to the amount of content shared is found to be positively associated with crowdfunding success.

Abstract

Crowdfunding is a remarkable phenomenon in the field of financing, as it is evolving in theory and practice. However, most research is focused on non-equity based campaigns. Hence, we shed light on a yet under researched aspect: B2B and B2C-companies reaching for equity-based crowdfunding. We chose an empirical approach and conducted a quantitative study among almost 300 participants to reveal the difference between the funding decisions for startups located in either B2B or B2C-markets. Our results show that differences in investments between B2B and B2C firms do exist, revealing that other success factors are necessary in those cases. Moreover, we find that the involvement of the investor as lead user has relevance for the decision to invest in both cases. We conclude with implications for theory and practice, and give suggestions for future researc

Abstract

Ideen auf Knopfdruck: Kreativworkshops und Kreativitätstechniken   •             Was bei der Planung und Durchführung von Kreativitäts-Workshops zu beachten ist •             50 Kreativtechniken: intuitiv-kreative und systematisch-analytische Techniken •             Toolbox für Unternehmen und Start-ups   Innovative Ideen, die Kunden und Menschen überzeugen, sind in Unternehmen immer wieder aufs Neue gefragt. Aber Ideen auf Knopfdruck zu produzieren, ist nicht einfach. Was tun, wenn der zündende Gedanke fehlt? Verschiedene Methoden können helfen, in den Kreativmodus zu gelangen. Die Toolbox fasst das grundlegende Know-how zusammen, das zur Planung und Durchführung von Kreativworkshops notwendig ist, und stellt 50 klassische und neue Kreativitätstechniken vor, die kreatives Denken erfolgreich fördern

Abstract

Managing Innovation is a three-part series covering contemporary technology and innovation management research areas. Each volume comprises key articles from both the International Journal of Innovation Management and the International Journal of Innovation and Technology Management and provides an international, disciplinary approach across its broad coverage of topics. Relevant for both academics and practitioners, this volume focuses on key aspects of crowd innovation including motivations, challenges and benefits of this approac

Abstract

Companies have long used various approaches for organizing employees’ time related to creative and routine tasks as a means to improve their innovative performance. In this paper, we examine how work schedule autonomy affects individuals’ creative and routine performance. We then evaluate noncommissioned time models. Results of laboratory experiments with in total 233 participants reveal that while average routine performance is not affected by schedule autonomy, the effect of schedule autonomy on creative performance depends on the subject’s impulsiveness. There is evidence for an inverse relationship between schedule autonomy and creative performance among subjects of low impulsiveness. Hence, our results indicate that the optimal management policy depends on the manager’s focus on creative or routine performance and the types of employees the manager supervises. For routine performance, the creativity time model has no significant impact. But for creative tasks, creative performance goes down – only highly impulsive people do not have this effect. We found that the performance of lowly impulsive subjects in the spontaneous time model (compared to the predetermined time model) suffers more than performance of highly impulsive subjects. For all levels of impulsiveness, routine performance does not differ across treatments.

Abstract

We propose a model for the learning process in technology entrepreneurship based on the findings from an in-depth case study of an engineering degree that emphasizes technology entrepreneurship. Taking learning paradigms from entrepreneurship education into account, we specify the links between pedagogical approaches, activities, and learning contexts and specific technology entrepreneurship learning outcomes. For example, we examine how the use of existential learning with self-directed activities in real-world contexts contributes to achieving high-level entrepreneurial competencies such as the ability to critically self-reflect on the choices made by the technology-based venture. As such, we contribute to the definition of teaching models for technology entrepreneurship education.

Abstract

Technological innovations open opportunities for new entrants (techno-entrepreneurs) to transform and recreate industries, as they come as so called “innovation shocks”. These shocks can change technology trajectories and make irrelevant existing regulatory frameworks. It is unclear, however, what is the interplay between technology evolution, entrepreneurship, and regulation. We explore the case of the drone industry emergence to extract insights on how different profiles of new entrants respond to distinct regulatory frameworks, aiming to decipher the effect that those have on the exploration and development of new tech-based innovation opportunities. Our findings suggest that more attention should be given to the impact that regulatory responses can have on the short and long term development of emerging technological fields. We propose a process framework to make sense of the possible outcomes of distinct regulatory responses, elaborating on the consequences it has on entrepreneurial activity and overall market growth.

Abstract

Innovation processes increasingly rely on the collaboration between different stakeholders across various boundaries, including functional, hierarchical and organizational boundaries. Such boundary-crossing interactions can rely on different types of mechanisms, activities and boundary objects. Humor might act as an appropriate managerial tool to shape such interactions as it affects the social positions of and relationships between individuals. In this article, we present a case study of how humor is employed at the micro-level of collaborative innovation processes. Based on data from workshops in which participants work together to construct new business models for a particular company, we employ the method of conversation analysis to find that humor (laughter in particular) can be an important condition for the acceptance of proposals at the interactional micro-level of innovation processes. A key finding is that company-internal representatives’ use of humor differs from company-external participants in terms of their orientation to having different rights and responsibilities in the innovation process. 

Abstract

Purpose The approach of Western companies to internationalise their R&D by establishing R&D sites in emerging markets (EMs) has led to a discussion about the role of R&D in home markets and host markets. The purpose of this paper is to shed light on the evolution of foreign R&D sites of Western companies in EMs and their role using China as the empirical context. Design/methodology/approach The study uses the State Intellectual Property Office database, and investigates about 2,000 patent families of the top 14 Western patent applicants in China. Findings The results indicate a gradual shift from an exploitative to an exploratory role of R&D sites in China. The study also shows evident learning effects on Western R&D from local counterparts. Research limitations/implications The paper motivates further research of R&D internationalisation approaches within EMs, and explores the changing role of local subsidiaries. While the study is only focussed on China, the applicability of the results is limited in context of other countries, due to cultural, economic and legislative differences. Practical implications This study shows the increasing importance of EMs such as China and how these markets, known for imitations and cheap resources, are gradually moving towards innovations and creating new technologies locally. Originality/value Based on the patent analysis, this study shows the growing importance of the local R&D subsidiaries of Western multinationals in Chin

Abstract

Qualitative Forschung in der Betriebswirtschaftslehre – ein nach wie vor oft vernachlässigtes Thema. Denn schwerpunktmäßig werden qualitative Verfahren vorwiegend in soziologischen Bereichen angewandt, obwohl in vielen Lehrbüchern zur empirischen Forschung die Zusammengehörigkeit von quantitativen und qualitativen Verfahren – auch in der Betriebswirtschaftslehre – beschworen wird. Vor diesem Hintergrund stellt vorliegender Beitrag die historische Entwicklung der Wissenschaftsziele in der Betriebswirtschaft dar, um über die Mischform der angewandten Forschung auf die Rahmenbedingungen für anwendungsorientierte, qualitativ-empirische Forschung in der Betriebswirtschaftslehre zu sprechen zu kommen. Nach der Definition elementarer Begrifflichkeiten wie Bezugsrahmen, Modell und Theorie und der Abgrenzung quantitativer zu qualitativer Forschung schließt der Beitrag mit dem Vorschlag einer theoriegenerierenden Forschungsstrategie für qualitative Untersuchungen im betriebswirtschaftlichen Kontext. <

Abstract

Die Betriebswirtschaft erfindet sich immer wieder neu. Sie entwickelt regelmäßig Theorien und Methoden und verfängt sich nicht in den methodischen Fehlschluss, die Wirtschaftswissenschaften müssten nach naturwissenschaftlichen-mathematischen Gesetzmäßigkeiten in der Wirtschaft suchen. Vor diesem Hintergrund ist die neue Betriebswirtschaft ein Ansatz, die klassische Betriebswirtschaft mit aktuellen Fragestellungen zu verbinden. Dieses Buch stellt deshalb klassische Themen wie Buchhaltung, Kosten-, Erfolgs- und Umsatzrechnung, Finanzierung dar, aber auch explizit Statistik zur Datengewinnung und Datenauswertung. All diese Themen werden stets im Lichte der aktuellen Entwicklungen von Digitalisierung, Internationalisierung und innovativen Geschäftsmodellen behandelt. Die Autoren wenden sich klassischen Funktionen des Betriebes zu, aber auch Themen wie Security, Compliance, Nachhaltigkeit, Online-Marketing, Innovationsmarketing, Strategisches Controlling, Cross-Mergers and Acquisitions, u.a. in Verbindung mit der Unternehmensbewertung, sowie Risk-Management. Das Buch richtet sich an Studierende der Wirtschaftswissenschaften sowie an Unternehmer und Manager, die sich mit betriebswirtschaftlichen Themen in Theorie und Praxis auseinandersetzen.

Abstract

Crowdfunding plays an important role as an alternative funding source for technology ventures. No earlier studies particularly investigated the importance of social interactions during such crowdfunding campaigns. Hence, we particularly take the interaction between the project owner and the community as well as among community members into account. We empirically investigated potential success factors for crowdfunding projects of entrepreneurs on the base of 430 projects from the German crowdfunding platform Visionbakery. Our results show that social interaction during a crowdfunding campaign indeed increases the likelihood of its success. As comments from crowd members on particular projects might be positive or negative and can also provide additional argumentation or raise questions, comments can cause a dialog among crowd members. This shows that herding might not only be related to the number of contributors but also to their shared attributes and perceptions. Our discussion of theoretical and managerial implications closes with recommendations for future research on this evolving topic.

Abstract

Universities all over Europe invest in entrepreneurship education through offering structured programmes. Moreover, incubators and accelerators arise to support and complement fast growing global economy through entrepreneurial activities. Since entrepreneurship education seems to be important for economic development, the development of entrepreneurship education and effective teaching methods are discussed. For this, one university in Germany and one university in Denmark were chosen and researched with ten interviews. The structured comparison of teaching activities and methods indicates several interesting insights. Differences in organisation, structure and teaching methods between both universities could be identified, as well as similar developments concerning entrepreneurship education in general. Both universities do research in the field of entrepreneurship, offer related programmes for bachelor and master students and focus the study programmes on practical experiences, experimental teaching and the involvement of guest lecturers. In addition to that, they offer cross-faculty electives and extra-curricular activities to connect students from different faculties and provide the opportunity to network with investors, support organisations and participate in a business plan competition. 

Abstract

Purpose In order to learn more about the antecedents of strategy at the top management team’s (TMT) level, the purpose of this paper is to investigate the effects of TMT cultural intelligence on corporate entrepreneurship strategy. Then, the authors examine how TMT’s ambiguity tolerance mediates this relationship.   Design/methodology/approach The authors tested the hypothesis by collecting survey data from 41 TMTs of small- and medium-sized enterprises in the south-east of Iran.   Findings The survey results confirm that a high level of cultural intelligence in TMTs is conducive to corporate entrepreneurship. Furthermore, the result shows that higher levels of cultural intelligence in TMTs relate to a higher level of ambiguity tolerance, which, in turn, enhances the possibility of pursuing corporate entrepreneurship strategy by SMEs.   Research limitations/implications The data for this study were obtained from 41 TMTs in the south-east of Iran, which increases the probability that the results may not be directly transferable to certain companies in Western countries. Future research might attempt to test the ideas developed in this paper across different settings and samples.   Originality/value Several theoretical and empirical studies have explored possible antecedents of corporate entrepreneurship. But a few papers investigated the role of TMT dispositions on corporate entrepreneurship strategy. By addressing the prominent role of TMT psychological dispositions on corporate entrepreneurship strategy, this paper attempts to fill this gap.

Abstract

The responsibility of industry towards society and the environment is a much discussed topic, both in academia and in business. Responsible Research and Innovation (RRI) has recently emerged as a new concept with the potential to advance this discourse in light of two major challenges industry is facing today. The first relates to the accelerating race to innovate in order to stay competitive in a rapidly changing world. The second concerns the need to maintain public trust in industry through innovations that generate social value in addition to economic returns. This Special Issue provides empirical and conceptual contributions that explore corporate motivations to adopt RRI, the state of implementation of concrete RRI practices, the role of stakeholders in responsible innovation processes, as well as drivers and barriers to the further diffusion of RRI in industry. Overall, these contributions highlight the relevance of RRI for firms of different sizes and sectors. They also provide insights and suggestions for managers, policymakers and researchers wishing to engage with responsibility in innovation. This editorial summarizes the most pertinent conclusions across the individual articles published in this Special Issue and concludes by outlining some fruitful avenues for future research in this spac

Abstract

Business incubators have been developed as a key component of entrepreneurial activities in countries all over Europe. These incubators have a non-profit or a for-profit profile, with one-third located in Germany. The increased engagement of private business in what was a public-dominated incubation landscape may influence established theoretical frameworks. Within this context, this paper analyses 11 German business incubators to look at the most common types of for-profit business incubators in Germany and their main characteristics. Moreover, it introduces classification criteria for these incubators. Another aspect of the analysis is the effect of the triple helix dimensions of the different incubation types. The results show that two additional types of incubators can be identified in addition to the traditional public business incubator model, namely ‘company builders’ and ‘accelerators’. Implications for research and practice, as well as directions for future research, are also discussed.   

Abstract

Emerging markets are considered to have huge economic potential, both for entrepreneurs and established firms. To foster innovation in these markets, it is important that customers and companies use the same terminology, with the same understanding of key terms. But is this really the case? Based on eight product requirements, this research empirically analyzes the perception of emerging market innovation terminologies. For this, we use the case of the Indian healthcare sector. On the one hand Voice of Customer method was used to gather the product requirements from the customers. On the other hand, Analytic Hierarchy Process technique was employed to identify the preferences for both product managers and customers. Our results confirm the high level of importance of ‘affordable value innovations’ and ‘ease of use functionality’ for new products introduced in emerging markets. Interestingly, the category ‘products with low or no maintenance or consumables’ comes high on the preference map for the customers but seems to be a blind spot from the manufacturers' perspective. This result opens opportunities for entrepreneurs focusing on new customer bases in emerging markets and also for various corporate entrepreneurship activities.

Abstract

To date, scholarly understanding of external dimensions of market driving for the purposes of ‘societal change’ is largely unexplored in both developed and emerging market contexts. This paper uses a multiple case study approach to understand how market driving social enterprises (across the hybrid spectrum) create societal change in emerging markets. By drawing on Scott's (1995) three-part conceptualization of institutional legitimacy, this study explores how regulative, normative and cognitive legitimacies are invoked by market driving social enterprises at the Bottom of the Pyramid (BoP). Key contributions of the study show that all three dimensions of legitimacy are relevant but they need to be invoked in a specific order based on necessary and optional conditions. An implication of the study is that market driving through societal change can lead to the construction of new and more inclusive healthcare market

Abstract

The management of natural environments has become a fundamental issue for companies in recent years. A firm’s environmental commitment affects all levels of its operation. In this study, we investigated whether having an effective and constant relationship with customers over time (customer capital) makes a difference to firms with a high environmental commitment compared with less environmentally committed firms. We found support for our idea by using original survey data from 149 small and medium-sized enterprises (SMEs) in Iran (2016–2017). Furthermore, we found that customer capital enhances environmental collaboration with customers which, in turn, has a positive impact on the firm’s environmental commitments. These findings provide empirical evidence for the important role of “getting closer to customers” as a way of enhancing corporate environmental responsibility in developing countries with weak institutional environments.

Abstract

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. In line with the growing interest in open innovation, we also investigate the difference between using internal or external sources in the context of prediction markets. We apply one example of a prediction market, a virtual stock market, to open innovation through an online platform, and show that using mechanisms of internal crowdsourcing with prediction markets can outperform the use of external crowds under certain conditions.

Abstract

Although technology entrepreneurship has recently received increased attention, the link between entrepreneurship education and the transfer and commercialization of technology has not been explored sufficiently so far. In this chapter the authors apply an explorative approach to investigate two cases of science and technology entrepreneurship education (STEE) by analysing documents and interviews regarding similarities and differences of the two educational programmes. Their findings suggest that open and problem-based pedagogical approaches are more applied in STEE-related courses compared to regular engineering courses. Additionally, STEE benefits greatly from taking place in a practical context with access to support structures that assist in developing technical and business aspects of start-ups. The findings hold implications for research, educational programmes, policy makers and entrepreneurs.

Abstract

Styles of thinking set different paths for an entrepreneur’s perception and strategic action. In order to understand the environmental consequences of a thinking style, we investigated the relations between entrepreneurs’ linear and nonlinear styles of thinking with their perception of environmental uncertainty in their businesses. Furthermore, we tested the effect of the entrepreneurs’ linear and nonlinear style of thinking on their newly established firms’ orientation towards preserving the surrounding internal and external environment. Entrepreneurs with linear or rational thinking styles prefer more tangible data, information, facts, and analytical tools, and entrepreneurs with nonlinear or non-rational thinking styles rely more on internal feelings, impressions, imagination, creativity, and sensations when making important organizational decisions. By using cross-sectional survey data from 144 entrepreneurs in post-sanction Iran (2016–2017), we found that entrepreneurs with a linear style of thinking, in comparison to entrepreneurs with a nonlinear style of thinking, perceive a higher level of environmental state, effect, and response uncertainty in their business context. Furthermore, our survey results reveal that newly established firms by entrepreneurs with nonlinear styles of thinking have a more external environmental orientation, while newly established firms by entrepreneurs with a linear style of thinking have a more internal environmental orientation. Recognizing this contingency advances our understanding of how entrepreneurs perceive and enact their environment

Abstract

Make-or-buy decisions on technology-intensive components represent a key task in the management of technologies. Against this background, this paper presents an analysis of a technology company which gave key insights into their make-or-buy decisions on the strategic and operative level. The results show two kinds of make-or-buy decisions, called type 1 and type 2. In contrast to type 1 make-or-buy decisions whose scope is mostly limited to the production and quality function, type 2 decisions are strongly linked to engineering and R&D activities. Moreover, two new decision matrices are introduced: a ‘product/subsystem aggregation’ scheme and a ‘make-or-buy controlling’ matrix. In an environment in which companies move towards greater use of outsourcing, the framework ensures that company strategy and core competencies are followed in the long run despite short-range deviations of make-or-buy analysis results. These findings might be helpful and suitable to other manufacturing companies that deal with technology-intensive components on a strategic and operative level.

Abstract

Earlier research on the lead user method is focused on individual case studies and how the method was applied in a specific context. In this paper, we take a broader approach, analyzing  sample of 24 lead user projects, which included working with 188 lead users. These projects were analyzed regarding their specific processes, resources, challenges, and success factors, using the data of an open innovation intermediary. The key fnding is that a refinement and elaboration phase and the integration of designers are crucial success factors which, to date, have not been included in the literature. Moreover, crowdsourcing contests and netnography proved to be of significant value for the need, trend, and lead user identication phases. This paper concludes by discussing theoretical and practical implications, the limitations of this study, and recommendations for future studies.

Abstract

We study the process of international diffusion, global contestation, and local deinstitutionalization of a controversial practice, identifying the mechanisms used by proponents and opponents of the practice across multiple institutional environments and constituents. We draw on international diffusion, deinstitutionalization, and power theory to study the emergence and diffusion of the third-party ownership practice in the soccer industry. We use an inductive case study combining archival and interview data to study the determinants of the international diffusion of the practice, the changes in the power structure in the market as the practice was adopted at a global scale, and finally the contestation and deinstitutionalization process that resulted from the ban of the practice. We find that the opacity of the practice can be a diffusion driver, locally and at the international level, nevertheless as the practice transforms the market structure and allows new actors to gain power, a global contestation is triggered through problematization and emotional resonance by insiders with institutional power positions in the market. This article advances in our understanding of the multilevel governance mechanisms and power dynamics that might support international diffusion but also contestation and eventual deinstitutionalization of a practice.

Abstract

In recent decades, the developments of new media have revolutionized individuals’ behaviors tremendously. Mobile devices, in particular, have developed an ‘always and everywhere online’ mentality. But what comes next? Recent developments emphasize the rise of a new technology that is termed ‘Wearable Augmented Reality Devices’, where Augmented Reality Smart Glasses (such as Microsoft HoloLens or Google Glass) represent prominent examples. These technologies offer huge innovation potential for companies and societies, which are discussed in this article. By doing so, this paper provides managers and researchers an applied description of the technology and a discussion of how it differs from existing mobile and augmented reality technologies. Finally, insights are given into how these technologies may increase firm value and further change the behaviors of consumers and adopter

Abstract

We examine the relationships between entrepreneurs’ values, beliefs and orientations with their firms’ engagement in sustainability-oriented entrepreneurial actions, using a sample of 352 newly established businesses from two Asian countries (Bangladesh and Iran). Our results reveal a dual role of entrepreneurs’ values, beliefs and orientations when taking sustainability-oriented actions. We confirm that individual differences in the set of values, beliefs and orientations can foster or hinder the sustainability-oriented actions across organizations. Our paper contributes to the growing literature of sustainable entrepreneurship, by providing answers for recent calls for better understanding which entrepreneurial ventures engage more in sustainability-oriented action

Abstract

This paper explores telecare as one of the practical applications in the field of e-health. Using 11 expert interviews the study evaluates development of cross-national analogies between the different institutional contexts of health systems in Germany, Austria, and Denmark. Telecare is treated as a set of ideas regarding future processes in health and home care services, involving technological solutions, starting to change stakeholders' behaviour, work practices, and social roles. A system-centric framework is proposed to evaluate the interdependencies between telecare, the changing relationships, and the institutional context. Complexity and documentation requirements were identified as major hindrances to the improvement of efficiency and quality of health outcomes in Austria and Germany. On the contrary, in Denmark, governmental guidance supporting patient-centered approaches was found to be driving socially innovative solutions. Implications for research and practice, as well as future research directions, are elaborate

Abstract

The key question of this paper is which components have to be considered when transforming an organisation into a learning organisation that attracts and retains the new generation of employees. To answer this question, a conceptual framework is developed, based on an extensive literature review. Additionally, the authors introduce how Adidas, as one of the world's top sports brands, is managing such a transformation. Data were gained from direct observations of the project on-site and expert meetings, as well as from analysis of internal company documents. This results in an extension of the conceptual framework by adding case specific characteristics. Hence, the purpose of this paper is to deliver a model that can be used as an orientation in today's corporate environment to follow all steps of the learning transformation in proper sequence and to consider all relevant elements. One finding is that companies have to be aware of the demands of new learners, which needs to be a leading principle for companies that implement a learning transformation. In subsequent processes, the organisation has to create clear objectives, implement a suitable corporate culture and establish learning spaces, followed by launching and promoting all the various ways of learnin

Abstract

Entrepreneurs often struggle to find sufficient funding for their start-ups. A relatively new way for companies to attract capital is via an internet platform, locating investors who in return receive something in return for their ventures. Equity crowdfunding is one of several types of crowdfunding, and is also known as crowdinvesting in the German-speaking realm. This article predominantly advances the scientific knowledge regarding the success factors of equity crowdfunding for German start-ups. The study conducted nine qualitative interviews with start-ups and crowdinvesting platforms. Its first result is that German start-ups select crowdinvesting because (1) it is a funding opportunity and (2) it has an expected marketing effect. To organize the results of relevant success factors, the Crowdinvesting Success Model was designed by the researchers. This supports German entrepreneurs by presenting 20 important success elements that help to increase the capital collected during a campaign. The key finding is that an attractive business model, an appropriate preparation in the pre-campaign period, ongoing activities during the campaign, and corresponding advertising activities have a positive impact on a German start-up's crowdinvesting campaign's chances of success. The article closes with implications for theory and practice, as well as further research suggestion

Abstract

Research on exploitation and exploration in firms has attracted a lot of attention in recent years; however, it seems to have an uneven spread because when it comes to the entrepreneur on an individual level, less research has been undertaken so far. This paper is based on an extensive literature review with a bibliographic analysis approach, in combination with a systematic content analysis. The results give an overview of research streams from an organisational and an individual level of analysis. Based on that, a conceptual framework is presented which links entrepreneurial orientation with entrepreneurial behaviour through a strategic learning process, facilitated through 'opening' and 'closing' behaviours in different organisational setups. This framework offers several avenues for further research, which seems so far to be quite segmented and macro-level oriented.

Abstract

Why another book on innovation, and why use the big word “revolution”? The simple answer to this question is the fact that we believe the time is right to explore what could be the next phase of innovation management not only in corporate practice, but also in the academic fiel

Abstract

This edited collection explores how digitalization is changing the management of innovation, and the subsequent implications for the next phases in its development. The authors identify and examine relevant phenomena which are related to the ongoing digital breakthrough in the context of innovation management such as user innovation, crowd sourcing and crowd funding, as well as social media. In line with the constant globalization of innovation, the first volume of Revolution of Innovation Management offers a variety of international perspectives on these topics with illustrations and analysis coming from Asia, America, and Europe.

Abstract

There is a consensus among scholars that real options reasoning is crucial for improving project performance but there has been little empirical support thus far; hence, we explore how real options reasoning may influence project timeliness, efficiency, and effectiveness. Our longitudinal analysis of 110 electronic commerce projects, drawn from new technology ventures, indicated the differential effects of real options reasoning on project performance. We find that higher uncertainty does not always lead to a greater use of real options reasoning. Although perceived environmental state uncertainty is positively linked to real options, perceived environmental effect and response uncertainty are no

Abstract

Constraint-based innovations are innovations that are conceived under conditions of scarcity for resource-constrained markets, often referred to as Bottom of pyramid (BoP) marketplace. One such type of constraint-based innovation, frugal innovation (also the focus of this study) has played an impor- tant role in providing affordable and accessible products and services to the customers at BoP.This study examines one of the successful frugal innovations from the Indian financial sector called Vortex solar based transaction systems (commonly known as rural ATMs) and offers a comprehensive analysis on the incorporated bottom-up product development process and innovation drivers. Study highlights the nine specific innovative design features of these machines that were mainly designed based on core customer requirements and unique challenges. Analysis reveals the importance of cost effective, easy to operate and sustainable solutions for customers at BoP and also showcase how frugal innovations are also facilitating solutions to address larger societal problems. 

Abstract

Responsible research and innovation (RRI) is an approach to research and innovation governance aiming to ensure that research purpose, process and outcomes are acceptable, sustainable and even desirable. In order to achieve this ambitious aim, RRI must be relevant to research and innovation in industry. In this paper, we discuss a way of understanding and representing RRI that resonates with private companies and lends itself to practical implementation and action. We propose the development of an RRI maturity model in the tradition of other well-established maturity models, linked with a corporate research and development (R&D) process. The foundations of this model lie in the discourse surrounding RRI and selected maturity models from other domains as well as the results of extensive empirical investigation. The model was tested in three industry environments and insights from these case studies show the model to be viable and useful in corporate innovation processes. With this approach, we aim to inspire further research and evaluation of the proposed maturity model as a tool for facilitating the integration of RRI in corporate managemen

Abstract

There is undoubtedly hype around drones and their applications for private and professional users. Based on a brief overview of the development of the drone industry in recent years, this article examines the co-evolution of drone technology and the entrepreneurial activity linked to it. Our results highlight the industry emergence described as concept validation, including product as well as market growth with different phases of technological meaning change. We argue that further steps are needed to develop drones from nice toys to professional tools—from photography and filming applications to inspection services and large cargo logistics. For innovation managers and entrepreneurs, we describe what triggers the emergence of a technology and attracts the needed actors to unleash its transformative potential. Our research is based on industry reports, news, and market studies as well as interviews with four industry actors.

Abstract

Prototyping can be seen as the heart of the innovation process. Typically, engineers and designers both work on prototyping activities, but their diverse backgrounds make for different perspectives on prototyping. Based on earlier literature, this study investigates commonalities and differences in the prototyping behavior of engineers and designers. For this study, semi-structured interviews and workshops with different experiments were conducted. Using low-fidelity prototypes, our results indicated that there are differences in the early phase of prototyping. Engineers focused on the features and functions of a prototype and needed to meet specific goals in order to push the process forward. Designers, on the other hand, used prototypes to investigate the design space for new possibilities, and were more open to a variety of prototyping materials and tools, especially for low-fidelity prototypes. In the later prototyping phases, the prototyping behaviors of engineers and designers became similar. Our study contributes to the understanding of prototyping purposes, activities, and processes across disciplines, and supports the management of prototyping in new product development processe

Abstract

The means with which entrepreneurs create and capture value can be difficult to get a comprehensive picture of. Looking at the tools they use can offer insights, and in this context, the book “The Lean Startup” by Eric Ries has received a tremendous amount of attention. Supposedly, many entrepreneurs have read the book and may have followed his advice. Hence, we investigate the merits and characteristics of the methods detailed by Ries through a comparison with leading theories and empirical evidence found in the scientific literature. The results indicate that overall the methods find considerable backing and can in parts be recognized under already established constructs. Heavy use of effectuation-logic is evident throughout the book, with a clear and explicit emphasis on experimentation over long-term planning. The paper closes with a discussion of the possible broader implications of the methods and effectuation, including the potential impact on corporate strategy.

Abstract

For many companies, differentiating their offerings from competitors' value propositions is becoming increasingly challenging. In order to formulate convincing value propositions, a holistic approach is required that takes human perception and sensation into consideration. This article assesses the role of haptics in multisensory product design. It systematically reviews previous research, illustrates factors affecting haptic perception and sheds light on the processing of haptic input. This article serves to illustrate how haptic input activates processes that affect human perception of products and ultimately alters behavior and thus substantiates its role in multisensory innovation and product desig

Abstract

Most academics and practitioner agree that design and business are interdependent and complementing. But in its application, differences appear. Hence, this article describes the frictions between design and business philosophy in practice by describing and discussing different approaches to creativity workshops, which usually are design's and business' starting and meeting point for intentional innovation. For this, seven distinctive areas for the planning and execution of creativity workshops are compared and discussed. Finally, our conclusion sums the potential of both views up for further research.

Abstract

Literature on the champion theory proposes the informal character of the champion’s role and also notes difficulties in institutionalizing it. Nevertheless, formally institutionalized roles that seem to fit the description of a champion can be recognized in organizations, especially as enablers of open innovation activities. However, research cannot answer how this institutionalization occurs and which factors influence it. To answer these questions, we investigate a unique single case in which a champion role was institutionalized in the purchasing department of a multinational company. The new role’s task is to identify, select, and integrate supplier innovations. Our results indicate that the informal role of the champion can be successfully institutionalized when certain success factors are considered, which are management commitment, use of success stories, and matching of champions with research and development teams. We contribute to innovation management literature by using the well-established champion theory to explain how and why large multinational companies formally establish the role of the innovation champion. Our research offers pathways for further research about both, the antecedents and the consequences of role formalization. Practitioners can build on the success factors derived in this study when formally implementing innovation champions as enablers of open innovation activities.

Abstract

New entrants in technology-intense industries are in a race to build legitimacy in order to compete with established players. Legitimacy has been identified as a driver of venture survival and growth; it helps mitigate third-party uncertainty and so facilitates access to resources, engagement with customers and other stakeholders. Nevertheless, we know little about how legitimacy is built and how new entrants build legitimacy in complex technology-intensive industries. In this research we explore how Norwegian cleantech firms use signaling and strategic actions to build legitimacy. We analyze five cases while investigating their actions in different phases of the venture's evolution. The results suggest that, contrary to signaling theory expectations, young clean-tech firms do not always build legitimacy by conveying information on their strengths. Instead, we observe that they use signaling strategies to address the specific concerns of different stakeholders. This is very much contingent upon the evolutionary stage of the venture and the firm's current weaknesses.

Abstract

Technology entrepreneurship is an established concept in academia. However, recent developments in the context of digital entrepreneurship call for revision and advance- ment. The multiple possible combinations of technology and entrepreneurship have resulted in a diversity of phenomena with significantly different characteristics and socio-economic impact. This article is focused on the identification and description of technology entrepreneurship in times of digitization. Based on current examples, we identify and describe characterizations of technology entrepreneurship, digital techno- logy entrepreneurship, and digital entrepreneurship. With this new delineation of terms, we would like to foster discussion between researchers, entrepreneurs, and policy makers on the impact of digitization on entrepreneurship, and set a future research agenda.

Abstract

An important and frequently researched concept in the field of open innovation is the integration of lead users into the process for developing innovative product concepts. Social media has offered promising new possibilities for companies in terms of supporting lead user integration. This paper provides an overview of relevant aspects of lead user research, as well as the identification of lead users. Furthermore, we connect lead user theory with social media and discuss possible ways to identify lead users. Based on the conclusion that existing research does not yet sufficiently provide a detailed understanding on identifying lead users in social media, we conducted an empirical study to gain deeper insights in the social media habits of lead users; this involved a case study comprising 20 interviews. This study’s findings present a rather ambivalent picture, concluding that identifying lead users via social media may work with some limitations. Social media can contribute complementary with established approaches like pyramiding to the identification of lead users, but it is not a standalone solution. It strongly depends on the content of the project and on the group of individuals where lead users should be originated. Based on these findings, we derive theoretical and managerial implications and show how companies can utilize social media in addition to established methods for identifying lead users. Finally, the paper concludes with a discussion of study limitations and recommendations for areas of further researc

Abstract

Purpose Networking and being a part of an established business network supports the process of translating new ideas into marketable solutions and acquiring customers. The purpose of this paper is to investigate how aspiring entrepreneurs in a Danish rural area setting manage to get embedded into relevant business networks. Before the literature background on social capital and regional development, the authors use the embeddedness approach in explaining whether weak or strong ties are most beneficial to get the business started and how lacking strong ties can be compensated. Design/methodology/approach This paper takes an economic sociology perspective on social capital and is empirically based on a case study. The sample consists of a group of young aspiring entrepreneurs, living in the rural area of Southern Jutland, who are all committed to an organization which supports regional start-ups. Findings The authors found that aspiring entrepreneurs have different needs depending on their development status and type of innovation. Founders, who are developing or have developed new product innovations, seem to have an increased need for “strong ties” with consultants and those with knowledge about building up a professional network. Founders, who are developing or have developed a significantly improved service, have strong ties with former fellow students and researchers at the university. Originality/value This study illustrates that aspiring entrepreneurs connected to a regional entrepreneurship center gained access to a wider relevant network. Depending on their level of embeddedness, they could build new strong relationships and exploit information stemming from new “weak ties” and as such harness more benefits. The study shows that less privileged start-ups can substitute strong ties, especially through the support of professional managers of startup-supporting organizations. Finally, a model explaining the impact of social capital on the entrepreneurial sphere of regional business networks and on its innovativeness is deduced.  

Abstract

Entrepreneurial behavior research has used intention models to explain how an individual's beliefs shape the attitudes and motivations that influence entrepreneurial intention. Nevertheless, as entrepreneurship promotion initiatives become global, it becomes relevant to explore the consequences of being engaged in entrepreneurial behavior on entrepreneurial intention. We aim to shed light on whether the direct experience reinforces an individual's entrepreneurial intention or reduces it. Building on an extended version of the planned behavior theory, we use the behavioral reasoning theory to propose a research design to study the influence of being currently engaged in entrepreneurial behavior on entrepreneurial intention. We introduce individual's age as an additional moderator of the effects of directly experiencing entrepreneurial behavior. We use PLS-MGA to complete a multi-group SEM analysis for different groups of individuals (from a sample of 430), comparing groups based on their entrepreneurial activity and age group. Results of this research work evidence that current engagement in entrepreneurship activities produces significant differences in the intention to start a new venture between older and younger participants. The results suggest that engagement in entrepreneurial activity modifies entrepreneurial intention and that these effects are contingent to the individual's age. This research work contributes to the extant call to explore reverse causality between actual behavior and an individual's intention by introducing behavioral reasoning theory. These results provide support to initiatives to adapt entrepreneurship promotion efforts to the specific characteristics of the participants.

Abstract

Purpose -- The purpose of this paper is to study the relationship between open innovation and the use of intellectual property rights (IPRs) in small- and medium-sized enterprises (SMEs). The authors consider patents, industrial designs (i.e. design patents in the USA), trademarks, and copyrights. Design/methodology/approach -- The relationships between open innovation, IPRs, and profitability are tested with random-effects panel regressions on data from the Spanish Community Innovation Survey for 2,873 firms spanning the years 2008-2013. Findings -- A key result is that SMEs do not benefit from open innovation or from patenting in the same way as larger firms. Furthermore, the results show that SMEs profit in different ways from IPR, depending on their size and the corresponding IPR. Research limitations/implications -- The different impact of IPRs on the efficiency of open innovation in firms of varying sizes highlights the importance of further investigation into IP strategies and into open innovation in SMEs. Practical implications -- Industrial designs are currently the most efficient IPR for SMEs to protect their intellectual property in open innovation collaborations. Depending on the company size, the use of different IPRs is recommended. Moreover, firms should seek to increase the efficiency of open innovation and the use of IPRs. Social implications -- The high impact of SMEs on employment highlights the importance of fomenting efficient innovation processes in such firms. Originality/value -- This paper opens the black box of IPR in relation to open innovation in SMEs, and draws distinctive conclusions with regards to patents, industrial designs, trademarks, and copyrights.

Abstract

Um systematisch an neue und originelle Ideen zu kommen, sind Kreativitätstechniken ein wichtiger Bestandteil im Innovationsmanagement. Doch welche Techniken werden von Unternehmen in der Praxis eingesetzt, und für welche Arten von Fragestellungen? In der vorliegenden Studie wurde mittels einer quantitativen Erhebung untersucht, welche Techniken Unternehmen im deutschsprachigen Raum zu welchem Zweck nutzen und wie diese in den Arbeitsalltag eingebunden sind. Insgesamt nahmen 90 Mitarbeiter und Führungskräfte aus Deutschland, Österreich und der Schweiz an der Umfrage teil. Diese zielte insbesondere auf die Unterschiede zwischen kleinen, mittleren und großen Unternehmen ab. Die Ergebnisse zeigen, dass Kreativitätstechniken in vielen Unternehmen einen festen Platz im Alltag haben, jedoch nur die Hälfte der Befragten schreibt dabei seinem Unternehmen viele Ideen und kreative Mitarbeiter zu. Die große Auswahl an Kreativitätstechniken führt offenbar zu Auswahlproblemen, weshalb klassische Techniken wie das Brainstorming oder das Brainwriting bei den Befragten am meisten und am regelmäßigsten genutzt werden. Dabei ist es bemerkenswert, dass die vorgestellten Kreativitätstechniken von allen befragten Abteilungen gleichermaßen eingesetzt werden. Der Artikel schließt mit Implikationen für Forschung und Praxis, sowie mit einem Ausblick auf zukünftige Forschung.   

Abstract

Internationalization is a hot topic in innovation management, whereby the phenomenon of “Born Globals” is still limited to research in the domains of Entrepreneurship and International Management. As business model design plays a key role for Born Globals, we link these two concepts. For this, we propose hypotheses about the influence of efficiency-centered and novelty-centered business model design on international firm performance. To test these hypotheses, we performed a quantitative survey with 252 founders of international companies in Germany, Switzerland and Liechtenstein. Additionally, we gained further insights through a case study analysis of 11 Born Globals. The results show that business model design matters to international firm performance and the business model design of Born Globals tends to be more efficiency-centered. Based on a multiple case study, we analyzed business models in a more sophisticated way and derived propositions that yielded in an archetype of a Born Global’s business model. Internationalization is a hot topic in innovation management, whereby the phenomenon of “Born Globals” is still limited to research in the domains of Entrepreneurship and International Management. As business model design plays a key role for Born Globals, we link these two concepts. For this, we propose hypotheses about the influence of efficiency-centered and novelty-centered business model design on international firm performance. To test these hypotheses, we performed a quantitative survey with 252 founders of international companies in Germany, Switzerland and Liechtenstein. Additionally, we gained further insights through a case study analysis of 11 Born Globals. The results show that business model design matters to international firm performance and the business model design of Born Globals tends to be more efficiency-centered. Based on a multiple case study, we analyzed business models in a more sophisticated way and derived propositions that yielded in an archetype of a Born Global’s business model.vInternationalization is a hot topic in innovation management, whereby the phenomenon of “Born Globals” is still limited to research in the domains of Entrepreneurship and International Management. As business model design plays a key role for Born Globals, we link these two concepts. For this, we propose hypotheses about the influence of efficiency-centered and novelty-centered business model design on international firm performance. To test these hypotheses, we performed a quantitative survey with 252 founders of international companies in Germany, Switzerland and Liechtenstein. Additionally, we gained further insights through a case study analysis of 11 Born Globals. The results show that business model design matters to international firm performance and the business model design of Born Globals tends to be more efficiency-centered. Based on a multiple case study, we analyzed business models in a more sophisticated way and derived propositions that yielded in an archetype of a Born Global’s business model. Read More: http://www.worldscientific.com/doi/abs/10.1142/S1363919617500050 Internationalization is a hot topic in innovation management, whereby the phenomenon of “Born Globals” is still limited to research in the domains of Entrepreneurship and International Management. As business model design plays a key role for Born Globals, we link these two concepts. For this, we propose hypotheses about the influence of efficiency-centered and novelty-centered business model design on international firm performance. To test these hypotheses, we performed a quantitative survey with 252 founders of international companies in Germany, Switzerland and Liechtenstein. Additionally, we gained further insights through a case study analysis of 11 Born Globals. The results show that business model design matters to international firm performance and the business model design of Born Globals tends to be more efficiency-centered. Based on a multiple case study, we analyzed business models in a more sophisticated way and derived propositions that yielded in an archetype of a Born Global’s business model. Read More: http://www.worldscientific.com/doi/abs/10.1142/S1363919617500050 Internationalization is a hot topic in innovation management, whereby the phenomenon of “Born Globals” is still limited to research in the domains of Entrepreneurship and International Management. As business model design plays a key role for Born Globals, we link these two concepts. For this, we propose hypotheses about the influence of efficiency-centered and novelty-centered business model design on international firm performance. To test these hypotheses, we performed a quantitative survey with 252 founders of international companies in Germany, Switzerland and Liechtenstein. Additionally, we gained further insights through a case study analysis of 11 Born Globals. The results show that business model design matters to international firm performance and the business model design of Born Globals tends to be more efficiency-centered. Based on a multiple case study, we analyzed business models in a more sophisticated way and derived propositions that yielded in an archetype of a Born Global’s business model. Read More: http://www.worldscientific.com/doi/abs/10.1142/S1363919617500050 Internationalization is a hot topic in innovation management, whereby the phenomenon of “Born Globals” is still limited to research in the domains of Entrepreneurship and International Management. As business model design plays a key role for Born Globals, we link these two concepts. For this, we propose hypotheses about the influence of efficiency-centered and novelty-centered business model design on international firm performance. To test these hypotheses, we performed a quantitative survey with 252 founders of international companies in Germany, Switzerland and Liechtenstein. Additionally, we gained further insights through a case study analysis of 11 Born Globals. The results show that business model design matters to international firm performance and the business model design of Born Globals tends to be more efficiency-centered. Based on a multiple case study, we analyzed business models in a more sophisticated way and derived propositions that yielded in an archetype of a Born Global’s business model. Read More: http://www.worldscientific.com/doi/abs/10.1142/S1363919617500050 Internationalization is a hot topic in innovation management, whereby the phenomenon of “Born Globals” is still limited to research in the domains of Entrepreneurship and International Management. As business model design plays a key role for Born Globals, we link these two concepts. For this, we propose hypotheses about the influence of efficiency-centered and novelty-centered business model design on international firm performance. To test these hypotheses, we performed a quantitative survey with 252 founders of international companies in Germany, Switzerland and Liechtenstein. Additionally, we gained further insights through a case study analysis of 11 Born Globals. The results show that business model design matters to international firm performance and the business model design of Born Globals tends to be more efficiency-centered. Based on a multiple case study, we analyzed business models in a more sophisticated way and derived propositions that yielded in an archetype of a Born Global’s business model. Read More: http://www.worldscientific.com/doi/abs/10.1142/S1363919617500050

Abstract

Purpose – The purpose of this paper is to study the relationship between open innovation and the use of intellectual property rights (IPRs) in small- and medium-sized enterprises (SMEs). The authors consider patents, industrial designs (i.e. design patents in the USA), trademarks, and copyrights. Design/methodology/approach – The relationships between open innovation, IPRs, and profitability are tested with random-effects panel regressions on data from the Spanish Community Innovation Survey for 2,873 firms spanning the years 2008-2013. Findings – A key result is that SMEs do not benefit from open innovation or from patenting in the same way as larger firms. Furthermore, the results show that SMEs profit in different ways from IPR, depending on their size and the corresponding IPR. Research limitations/implications – The different impact of IPRs on the efficiency of open innovation in firms of varying sizes highlights the importance of further investigation into IP strategies and into open innovation in SMEs. Practical implications – Industrial designs are currently the most efficient IPR for SMEs to protect their intellectual property in open innovation collaborations. Depending on the company size, the use of different IPRs is recommended. Moreover, firms should seek to increase the efficiency of open innovation and the use of IPRs. Social implications – The high impact of SMEs on employment highlights the importance of fomenting efficient innovation processes in such firms. Originality/value – This paper opens the black box of IPR in relation to open innovation in SMEs, and draws distinctive conclusions with regards to patents, industrial designs, trademarks, and copyrights.

Abstract

Innovation hubs are gaining high attention in recent years, especially from European companies. Silicon Valley has been deemed as one of the most attractive and successful environments for establishing innovation hubs. This article highlights examples of companies from Europe that made the step to California—namely, Volkswagen, Swisscom, BMW, Axel Springer, Munich Re, and Innogy SE (RWE Group). Based on these companies’ experiences, recommendations are given on how companies might approach a setup in Silicon Valley for long-term succes

Abstract

Entrepreneurs aim at introducing innovations into the market, e.g., in the form of new products or services. However, innovations always mean changes, and people tend react reluctantly to changes. Moreover, introducing the innovations into the market is often linked with a higher investment risk. Thus, before ideas can become tangible reality, they first of all need to be "sold", for example, to supervisors, potential investors, and, finally, customers. For these reasons, it is particularly critical for entrepreneurs to have a charismatic way of speaking with which they can persuade others of their ideas. Against this background, we motivate and outline in this concept paper a new interdisciplinary line of research that focuses on the speaker's tone of voice. The new line of research builds upon traditional rhetorical descriptions of a speaker's charismatic tone of voice and is meant to extend and eventually replace this descriptive terminology by an objective acoustically based and perceptually informed tone-of-voice analysis, evaluation, and learning. We outline initial promising findings we have made within this new line of research, also in comparison to the established Charismatic Leadership Tactics (CLTs) whose focus is on the verbal aspects of charismatic speec

Abstract

Collaboration between universities and their local stakeholders is becoming a key success factor for the growth of regional entrepreneurial ecosystems. Efficient energy solutions are often facing challenges in innovation diffusion, which is in contrast to the growing demand for providing answers to key ecological problems. In order to present how an efficient Triple Helix collaboration could foster and support niche innovations, an applied research project is introduced. This unique university-industry-government cooperation brings a students' idea to a proof-of-concept project thus covers the entire innovation process. The selected case offers insights of how and why such initiative could emerge, as well as discusses its implications for future technological innovations and in particular those that are about to emerge in regional entrepreneurial ecosystems. Networking, win-win-situations as well as a strong problem orientation were identified as key success factors which may accelerate efficient future Triple Helix collaboration and cooperation for ensuring a higher innovation diffusion succes

Abstract

From research on Western new product development (NPD) practices a rich body of literature has emerged. However, the impact of country specific and cultural influences has not been examined in this context yet. This study is a first attempt to identify differences in NPD practices between Research and Development (R&D) subsidiaries in Germany, China and India within multinational companies. Data has been generated by qualitative interviews with R&D executives in those countries across multiple cases. The study samples strategic, organizational and operational aspects indicates definite differences in process coordination, rewarding systems, market orientation and the average age of NPD teams. Other aspects like strategic targets, the management involvement, etc. show rather slight differences across the countries. Hence, findings suggest that while some aspects are universally applicable across cultural frontiers, Western companies have to understand different expectations regarding NPD in India and China by adjusting practices accordingl

Abstract

The past two decades have seen a tremendous growth in innovation processes conceived under scarcity conditions with special focus on emerging markets and bottom of the pyramid (BOP) customers. However, evolving literature in this field has unfortunately resulted in a multitude of innovation approaches leading to terminology confusion and fragmented literature. Hence, this study is an attempt to systematically organize and synthesize the research on innovation approaches originated in, for or from emerging markets. An extensive systematic review of the existing literature is carried out to investigate the progress of prior research, and to use the insights to define future research pathways. This review is primarily based on the most frequently used innovation approaches, especially frugal innovation, jugaad, disruptive innovation, Gandhian innovation, catalytic innovation, indigenous innovation, bricolage, blowback innovation, trickle-up innovation, resource-constrained innovation, and BOP innovation. Our analysis finds growing standardization in terminology usage and increasing emphasis on “bottom-up” and structured innovation approaches. De-emphasizing the role of technology transfers and spillovers from the West, the findings exhibit increasing applications of these innovations beyond emerging markets to wider markets. Our research results also shed light on the evolution of the topic and instigate further research explorations in the direction of analyzing the user adoption of these constraint-based innovations and understanding the influence of new technological advancements, such as the Internet, mobile telecommunications, and Web 2.0 on the innovation process, with a special focus on the service industr

Abstract

Purpose: The purpose of this paper is to explore how relationships between different actors are being shaped to allow industry to come to acceptable and desirable uses of research and innovation (R&I) that address societal challenges. Design/methodology/approach: Building on existing notions of responsibility proposed in the literature, the paper develops a theoretical account of “networks of responsibility” which capture the interlinked nature of responsibility relationships. The usefulness of the approach is evaluated by exploring two cases of R&I in industry deploying a qualitative research approach that involves interviewing and document analysis. For this, a multinational company from Germany was involved, as well as a small- and medium-sized company from Denmark. Findings: The study surfaced 68 responsibility relationships involving a range of different objects, subjects, authorities and norms. By describing overlaps in objects, subjects and other aspects across relationships, the theoretical model proved adequate in untangling and displaying interrelatedness of responsibilities. Furthermore, the analysis surfaced characteristics of responsible research and innovation (RRI) that are already in place in the R&I processes of two innovative companies, such as anticipation, foresight and stakeholder engagement. Not all aspects of responsibility outlined in the theoretical model could be extracted from the interview data for every responsibility relationship, pointing to the need for further research. Practical implications: The paper is practically relevant because it supports policy development on an organisational, as well as societal level. Moreover, the networks of responsibility model offer a fine-grained assessment of responsibilities in R&I practice by mapping existing responsibilities which supports translating RRI principles into everyday organisational practices. Social implications: RRI sets an ambitious agenda to ensure a more social and ethical R&I. Much work is still needed to bridge the gap between these theoretical and political aspirations and daily R&I practice, especially in non-academic contexts such as industry. By offering a way to understand and untangle the complexity of responsibility relationships, the networks of responsibility model seem to offer a promising approach that can support this endeavour. Originality/value: The paper offers a novel theoretical approach to understanding and analysing responsibility allocations in R&I in industry. It demonstrates the reliability of this theoretical position empirically. It is practically important because it supports policy development on an organisational as well as societal leve

Abstract

What's mine is yours. An increasing number of people are participating in sharing and exchanging information, knowledge, data and goods. As research addressing the so-called ‘sharing economy’ is still in its infancy, this article aims to shed light on it. To do this, a qualitative research approach comprising guided interviews with 14 companies from Germany, Austria and Switzerland provides detailed insights into different aspects of the sharing economy phenomenon. Our results make a direct contribution to sharing economy research, especially regarding the new business models of start-ups. Here, we find a clear difference between the relevance of economic and social orientation. The latter appears to be in higher demand among customers than entrepreneurs. The increasingly digitalized environment has led to a changed living situation characterized by urbanity, openness to new solutions, changed working situations and new mindsets. All of these aspects drive the sharing economy. The results of this paper are summarized in a framework highlighting the requirements, drivers and goals of the sharing economy. Considering the limited research in this field, the developed framework is a strong basis for discussion, critique and/or support of future research.

Abstract

We examine the relationships between entrepreneurs’ values, beliefs and orientations with their firms’ engagement in sustainability-oriented entrepreneurial actions, using a sample of 352 newly established businesses from two Asian countries (Bangladesh and Iran). Our results reveal a dual role of entrepreneurs’ values, beliefs and orientations when taking sustainability-oriented actions. We confirm that individual differences in the set of values, beliefs and orientations can foster or hinder the sustainability-oriented actions across organizations. Our paper contributes to the growing literature of sustainable entrepreneurship, by providing answers for recent calls for better understanding which entrepreneurial ventures engage more in sustainability-oriented actions.

Abstract

What a change in the last three years in the realm of innovation Management! Three years ago, we concluded our book about “Evolution of Innovation Management” (Brem and Viardot 2013) by underlining some essential trends in the management of innovation. Most specifically, we stressed the importance of ambidexterity, which we defined as the ability of companies to realize exploration and exploitation simultaneously in their innovation management process. Some contributions in the book also emphasized the necessity to adopt a more collaborative process with external stakeholders and to move to more “open innovation” (Brau et al. 2013). Other authors underscored the burgeoning importance of platforms (Gawer 2014) and the nurturing of an innovation ecosystem (Thomas and Wind 2013) that federates and coordinates constitutive agents who can innovate and compete. The book had also singled out some key capabilities that innovative companies had to develop in order to be more successful, including the role of communication, culture, leadership, structure, and key performance indicator

Abstract

Through a multiple case study based on interviews with radio editorial staff, this article provides insights in the selection process for the use of new songs in German radio broadcasting. Radio editors learn about new songs through different channels, the intensity of the information search depends on the station's size and resources. Several criteria for new song adoption have been identified, including: congruence with format, usage by competitive stations, evaluations by radio consultanc

Abstract

Crowdfunding represents an alternative way of funding entrepreneurial ventures – and is attracting a high amount of interest in research as well as practice. Against this background, this paper analyzes reward-based crowdfunding campaign strategies and their communication tools. To do this, 446 crowdfunding projects were gathered and empirically analyzed. Three different paths of successful crowdfunding projects could be identified and are described in detail. Practical implications of crowdfunding strategies are derived, and are dependent on the required sales effort and the project added value. The terms communicator, networker and self-runner are created for this crowdfunding strategy and filled with practical examples. This paper contributes to the literature in different ways: first, it sheds more light on the developing concept of crowdfunding, with an overview of current academic discussions on crowdfunding. Furthermore, the analysis of success factors for crowdfunding initiatives adds to an emerging area of research and allows entrepreneurs to extract best practice examples for increasing the probability of successful crowdfunding projects under consideration of the key influencing factors of communicatio

Abstract

University Technology Transfer Offices (TTOs) have become a well-established tool for universities to manage the commercialization of scientific knowledge. An important task for many TTOs is to facilitate the creation and development of academic spin-off firms. Nevertheless, while university support mechanisms in general are positively related to the creation of new ventures (Fini et al. 2009), TTOs' contributions to commercialization and spin-off foundation seem to be marginal and indirect (Muscio 2010, Clarysse et al. 2011). This paper adds to the debate on TTOs' raison d'être by looking at the long term performance of spin-offs reported by Norwegian TTOs and considering the ‘additionality effect' and specific contribution of the TTO to each spin-off. Prior studies addressing this phenomenon have attempted to examine TTOs' influence with quantitative measures of technology-transfer success. For example, in the U.S. researchers have observed that TTOs could be positively associated with the number of disclosures, patents, licenses, royalties, and start-ups (Siegel et al. 2002, Carlsson and Fridh 2002, Friedman and Silberman 2003). Similarly, in Italy it has been observed that TTO's staff can have a positive effect on the valorization of research results (Piccaluga et al. 2007, Algieri et al. 2011). At the same time, another research stream, suggests that TTOs are just another administrative barrier (Hülsbeck et al. 2011), and negatively effect on technology commercialization efforts (Kenney and Patton 2009). Having limited capabilities to support entrepreneurship and business development activities (Link et al. 2014, Lockett and Wright 2005, Markman et al. 2004). This paper explores the expected additionality effect of Norwegian TTOs in technology commercialization, in terms of the quality of the spin-off firms they nurture. We propose that since Norwegian TTOs are still relatively young and inexperienced, they might not have a limited direct additionality on academic entrepreneurship. However, we expect that additionality effects would come from other specific competencies, such as entrepreneurial experience and active industry partners. Another contribution of our paper is to depict how the TTO has been contributing on key activities(e.g. business development, incubation, networking, funding, IP protection, etc.) related to the birth and development of firms. We suggest that both the degree and type of contribution differ depending on spin-offs characteristics. We answer the research questions by combining cross-sectional and panel data on a sample of 155 spin-off firms that have been established with support from TTOs connected to universities and research institutes in Norway. We analyze spin-off founders' perceptions about the degree and type of contribution of the TTO to firm creation in relation to the growth and market performance of the venture. Associations between TTOs' productivity (number of spinouts) and the performance of the firms they nurture are also tested. Our paper contributes to the stream of literature related to the role of TTOs in technology commercialization and economic development, with important implications to innovation and entrepreneurship policies as well.

Abstract

Understanding the influence of resources on the new firm's growth remains a difficult challenge for scholars. Prior research has suggested that the impact of human capital or technological resources is limited and does not provide an explanation on why some new firms grow faster than others. In this research we propose to explore the complementary and substitution effects between these resources using Kauffman Firm Survey (KFS) Dataset. We also introduce market resources to further understand the influence dynamics of resources in early stage growth. We follow the evolution of a sample of firms in a high tech industry to test our hypotheses. The results show that besides the direct effects of human, technological and market resources, it is the complementary and substitution effects across them that provides additional valuable information to understand their impact on new firm's growth

Abstract

The uptake of solutions that increase energy efficiency is significantly lower for small- and medium-sized enterprises (SMEs). This is due to several barriers, among which legislation, motivation, finance and other resources play a large role. In this paper, we describe a framework of market readiness and use it to assess the asymmetry between existing solutions and opportunities in the market. The aim is to identify which steps can be taken in order to introduce more energy optimizations into SMEs, and who should be taking those steps. More specifically, we explore how four Danish SMEs, in different parts of the value chain in the food processing industry, view energy efficiency improvements, focusing on the potential reuse of waste heat, along with what they consider important for taking on such projects. The findings show that while the companies operate very differently, they share common motivations and barriers when it comes to energy efficiency. Based on these findings, this paper argues that the biggest advancements are not to be made within the SMEs, but partly through the legislation that affects the financial benefits of energy improvement solutions, and through the marketing approach that solution suppliers take towards their potential customers when addressing the inherently individual needs of SME

Abstract

Purpose – The purpose of this paper is to describe how Nespresso achieved competitive advantage through innovation by changing the rules of the game in its industry. Design/methodology/approach – Nespresso was analyzed based on public available secondary data, in combination with related academic concepts on innovation and competitive advantage. Findings – The company succeeded by the thorough application of a strategy that, through perfect alignment, allowed the company to reach a unique market position. However, as described in the case, it took a relatively long time and the company came close to failure several times. Before the current situation of the company, it remains challenging in the future as well. Hence, the Nespresso story provides interesting space for discussion and learning about what innovation is, how innovation emerges, and under which circumstances innovation can serve as a source for competitive advantage. Research limitations/implications – Especially given the current market situation, the case offers different starting points for discussion about innovation and long-term company success. Practical implications – Especially before the current market situation, the case offers different starting points for discussion about innovation and the success of a company on the long term. The case is designed to give practitioners a better understanding on what an innovation as, and how competitive advantages can be linked to innovation. Originality/value – This case of Nespresso is a unique combination of the concepts of innovation and competitive advantage. It serves as an example of an innovation, which was not successful from the scratch, but evolved over time and is still developing. As many innovations went through such a non-linear process, this case offers interesting lessons learned for academics as well as for practitioners.

Abstract

Corporate social responsibility (CSR) and innovation are common keywords in management research and practice. Both of them are understood in different ways. To discover the boundaries of CSR and innovation, this paper sheds light on the traditional view of CSR, with a focus on its (CSR) integration into the corporate strategy and its linkages to innovation. On the basis of a systematic literature review, a conceptual framework is developed. This framework categorises socio-political stakeholders and identifies other relevant stakeholders on the basis of a theoretical typology. Finally, dialogue strategies are examined regarding their fit within the corporate innovation process. In this regard, stakeholder collaboration is suggested as the appropriate strategy of engaging strategically significant stakeholders. The paper concludes with implications, limitations and further research suggestion

Abstract

Despite the remnant promises that sustained technological progress offers to entrepreneurs eager to introduce disruptive technological innovations, we observe that only few of them live up to the expectations. In fact, economic and social policy actors' interest in promoting technology entrepreneurship, contrasts with the limited evidences of successful policies for high-growth companies, and a limited understanding on the factors underlying the transformation of promising technologies into viable organizations, and how they influence the decisions to turn on, tune in with the market, and drop-out or continue with their organizing efforts. Prior entrepreneurship research has kept a focus on using the resource-based view to explore the influence of resources on new venture performance, in particular in situations where a demand already exists, and the entrepreneur takes the role of exploiting an opportunity to capture value as a new entrant. Nevertheless, when studying entrepreneurial activity built upon technology-based opportunities, we find difficulties to explain the venture performance only relying on initial resource combinations. In this sense, we propose to complement the understanding of the phenomenon from the resource-based view with additional perspectives that could help to identify factors that provide further understanding on the emergence of new technology-based firms. Building on the theoretical conceptualization of entrepreneurship as a process, we adopt a mixed-method approach to combine an exploratory qualitative field work with a quantitative research approach. First, we gather insights on the factors and actions that are seen to be influencing the technology entrepreneurship process, from the initial opportunity to the creation of a stable business, focusing in particular on the influence of resources and actions taken by the entrepreneur. Then, we extend our initial theoretical framework on the technology entrepreneurship process to support the qualitative findings and build propositions, these are tested as hypotheses on a larger sample of technology-based firms. Finally, we combine the findings from the qualitative field work with the findings from the hypotheses test. This research results suggest that technological resources have a complex influence on the emergence of technology-based ventures. Using the signaling theory we explain how some resources value goes beyond its direct impact on firm's performance, suggesting that they are also used for their symbolic value and the development of the initial market. In both, qualitative and quantitative results, we observe that technological assets need to be transformed in order to generate value for the potential customers of the new venture. In this type of situations, marketing and human capital theory insights provide an explanation on how experienced entrepreneurs and their effort intensity to build a market presence are observed to positively influence the venture emergence of the new technology-based firm. We contribute to the current understanding of new technology-based firms with the contributions from human capital, marketing and technology commercialization theory. Describing how the orientation of entrepreneur's actions and the early development of market capacities influence on the venture emergence of this type of firms. The results also have implications for entrepreneurs, investors in technology startups, and stakeholders in technology entrepreneurship; as they suggest that further attention should be given to the market actions of the entrepreneurs, regardless of their initial combinations of resources.

Abstract

Do perceptions of creative categories proposed by the 4 C model differ across cultures? To answer this research question, 2 studies were conducted to examine the generalizability of the 4 C model among participants from Mexico and Germany. Participants completed a battery of questionnaires measuring perceptions of the 4 Cs, self-deceptive enhancement, impression management, and need for cognition. Structural equation modeling was used to test for the proposed factor structure and for configural invariance. Results showed that the 4-factor structure was supported across both countries. There was also support for configural invariance. However, the hierarchical structure of the 4 C model was not completely supported in either country. Results of the study are discussed, as well as implications for future research.

Abstract

Recent developments in the global economy indicate that new product development (NPD) activities are not limited to any single country; rather, they have spread across nations and cultures. This study aims to increase the understanding of NPD through an intercultural analysis by comparing innovation processes in Germany and China. Our study relates NPD and Hofstede's cultural dimensions by identifying culture-based patterns of similarities and differences between German and Chinese practices related to strategic, organisational, and operational factors. The research subjects are five international companies with research and development sites of the same business section in Germany and China. The findings reveal both culture-dependent and culture-independent factors. Most of the strategic and organisational factors in the two countries are relatively similar because of site-spanning corporate cultures, but there are differences between the countries with regard to idea generation and managemen

Abstract

Although entrepreneurial behavior is proposed as part of the solution to fragile labor markets, in particular in periods of economic and social change, policy makers are struggling to find the right levers to promote it. Despite the extant prior research on entrepreneurial behavior, little is known on the entrepreneurial behavior drivers for the individuals of working age with experience. Prior research explores the influence of entrepreneurial knowledge to study the drivers of experienced individuals evaluating whether or not to engage in an entrepreneurial behavior. This research introduces entrepreneurial knowledge to study the impact of prior experience on entrepreneurial intention. Based on the theory of planned behavior (TPB), this research work analyzes the relationship between entrepreneurial knowledge and entrepreneurial intention, and the mediating effects of the TPB perceptual variables: personal attitude (PA), social norm (SN), and perceived behavioral-control (PBC). A structural equation model (SEM) has been used to analyze the responses of a sample of 431 experienced individuals of working-age that completed a questionnaire based on Liñan & Chen's (2009) Entrepreneurial Intention Questionnaire (EIQ). The results showed that entrepreneurial knowledge positively influences entrepreneurial intention and that this influence is mediated by the perceptual variables of the TPB model (PA, SN, PBC). These findings contribute to the understanding of the entrepreneurial intention for experienced individuals and consolidate the use of the TPB model to study individual entrepreneurial intention. The findings suggest that policy makers should pay more attention to individual entrepreneurial knowledge, and strengthen the attractiveness of an entrepreneurial career, if they are interested in fostering entrepreneurial behavior among individuals of working age with experience.

Abstract

Creativity is a vibrant field of scientific research with important applied implications for the management of innovation. In this article, we argue that the proliferation of creativity research has led to positive and less positive outcomes and discuss five relevant research themes. We first introduce our readers to the different proposed dimensions of a creative object. Next, we explain recent developments on the level of the creativity magnitude issue. Based on that, we review how researchers currently operationalize creativity. After discussing how creativity is conceptualized and operationalized, we outline how it might be enhanced. Finally, we present an overview of the wide variety of methodological approaches currently used in creativity research. We close by calling for more interdisciplinary research and offering other suggestions for future directions.

Abstract

The former Apple CEO Steve Jobs was one of the most charismatic speakers of the past decades. However, there is, as yet, no detailed quantitative profile of his way of speaking. We used state-of-the-art computer techniques to acoustically analyze his speech behavior and relate it to reference samples. Our paper provides the first-ever acoustic profile of Steve Jobs, based on about 4000 syllables and 12,000 individual speech sounds from his two most outstanding and well-known product presentations: the introductions of the iPhone 4 and the iPad 2. Our results show that Steve Jobs stands out against our reference samples in almost all key features of charisma, including melody, loudness, tempo and fluency, and he produced significant quantitative differences when addressing customers and investors in his speeches. Against this background, we provide specific advice on how to improve a speaker’s charismatic impact. We conclude with describing how further technological advances will move computers and behavioral characteristics like human speech even closer together.

Abstract

Technology push and market pull innovation strategies are playing an important role for the effective management of ideas, technologies, and trends. The coexistence of these two approaches led to many debates and the focus switched several times from putting more effort into technology push aspects to fostering market pull approaches in the last decades. Still, there is no in-depth exploration of the interface of technology push and market pull and only few conceptual models are dealing with the connection between technology push and market pull in particular. Therefore, this study puts an exploratory focus on the innovation management processes of a global outdoor manufacturer with a special emphasis on the interface between technology push and market pull. From the case findings and our literature we conceptualise a non-linear innovation model that systematically integrates market pull and technology push activities. The model was tested for its practical applicability by reflecting it against the case company's organisational capabilities. Further research implications are discussed as well as implications for the management of the innovation process in practice, which highlights especially the importance of an innovation competence tea

Abstract

The importance of clean-tech ventures lies in their mission to protect the environment by facilitating the increased use of clean energy and environmentally friendly solutions. At the same time, the entrepreneurial nature of many of these firms enables introduction of radical innovations necessary for making breakthroughs in the industries of renewable energy and environmental technologies. This study's purpose is threefold. First, we review the existing research on clean-tech ventures published in major business, management and entrepreneurship journals. Second, we revise the literature on the performance determinants of new technology-based firms (NTBFs) and reflect on its applicability to the context of clean technology. Third, we identify future research directions to further develop this emerging research stream. Thus, our work contributes to multidisciplinary and highly relevant topic by collating different bodies of literature that could shed light on the important determinants of clean-tech venture performance and providing future research agenda.

Abstract

This paper builds upon the widely-used resource- based approach to explaining survival of new technology-based firms (NTBFs). However, instead of looking at the NTBF's initial resource configuration, a process-oriented perspective is taken by focusing on the entrepreneur's ability to transform resources in response to triggers resulting from market interactions. Transaction relations reflect these interactions and are thus operationalized with a suggested method for measuring the status of venture emergence (VE) applicable to early-stage NTBFs. NTBFs' value network maturity is reflected in the number and strength of their transaction relations in the four market dimensions customer, investor, partner, and human resource. Business plans of NTBFs represent the artifact that contains this data in the form of transaction relation descriptions. Using content analysis, a multi-step combined human and computer coding process has been developed to annotate and classify transaction relations from business plans in order to empirically determine NTBFs' status of VE. Results of the business plan analysis suggest that the level of transaction relations allows to draw conclusions on the VE status. Moreover, applying the developed process, first analysis of a business plan coding test shows that the transaction relation based VE status significantly relates to NTBF survival capability

Abstract

Over the past decade, research on innovation in family firms has received growing attention by scholars and practitioners around the globe with a wide range of aspects explored within the current body of literature. Despite the constantly growing number of scientific publications, research lacks a comprehensive and critical review of past and present research achievements. First, conducting a bibliometric analysis with a focus on innovation in family firms, we identify five topical clusters that help to understand the foundations of recent findings: namely ownership and governance, structural settings, organizational culture and behaviour, resources, and innovation and strategy. Second, based on a thorough literature review the major research avenues are reflected. The comparison of the results of both analyses showed the following areas for future research on family firm innovation: members‘ individual human capital and their leadership behaviour, openness to externals, cross-country comparisons, and finally the family‘s functional integrity on innovation performance.

Abstract

Setting technology standards is the route to market growth and to potentially influencing the performance of a whole industry. When a market accepts a particular technology as one that defines the specifications for products in the entire industry, a dominant design is set. In this article, we investigate how the existence of a dominant design affects subsequent innovation in an industry. In particular, we study the influence on innovative performance, radical innovation, and process innovation. Analyzing longitudinal, cross-sectional patent data for more than 2.6 million patents filed from 1978 to 2013, we find support for our hypotheses that an industry's innovative performance and degree of radical innovation are negatively influenced by dominant design in that industry, and that process innovation is fostered by the occurrence of a dominant design. We discuss the findings in the light of the increasing speed of technological development and standardization. Additionally, results from a sensitivity analysis for different threshold values of dominant design call for adjusting a binary definition of dominant design with different threshold values depending on the effects under stud

Abstract

Academic Spin-Offs (ASOs) are given the mission to bring to society science and technology innovations. Nevertheless, the relative weak market performance of ASOs has recently been a focus of discussion, questioning the economic and social pay-off of the overall innovation policies and institutional support mechanisms to promote ASOs activities. For example, while studies from the U.S. show that these firms can create new jobs, generate tax income, develop radical and breakthrough technologies and contribute to regional development (e.g. Shane, 2003). Other studies from Europe indicate that most ASOs do not grow or grow slowly (Mustar, Wright and Clarysse, 2008). Most prior research suggests that the ability of ASOs to successfully deliver their mission could be related to individual (e.g. human capital), organizational (e.g. team characteristics, board composition, network of partners) and institutional factors (e.g. university, Technology Transfer Office and support mechanisms). These factors would influence the organizational processes and strategies differently to successfully commercialize the technology products or services of the ASO. However, this stream of research is mostly concerned about the entrepreneurial process while not paying attention to the technology development process. At the same time, research on technology development, that is present in the innovation literature, suggests that a high degree of technological novelty would actually increase development uncertainty, and influence on the commercialization strategy. In this sense, radical technological breakthroughs that challenge existing technologies in an industry would require a different commercialization strategy than incremental innovations that help to improve an already existing product or process. Taken together, there is a need to integrate factors within entrepreneurship literature with characteristics of the technology to develop our knowledge on the different development paths of ASOs. We posit that better understanding of what drives the commercialization strategy of ASOs could provide further insights on the observed heterogeneous performance of ASOs. We propose to study whether ASO's technology novelty influences their commercialization strategy, taking into account how the origin of the technology and its IP protectability mediate this relationship. We ask the following research question: how does the novelty of the technology influence the performance of ASOs? We use a sample of 155 ASOs from Norway to study this relationship and establish profiles of ASOs taking into account the different technology novelty dimensions and different commercialization strategies. We control for individual, organizational and institutional factors. We combine a survey study with longitudinal archival data from of the ASOs to test the hypotheses and illustrate our results.

Abstract

Creativity is a vibrant field of scientific research with important applied implications for the management of innovation. In this article, we argue that the proliferation of creativity research has led to positive and less positive outcomes and discuss five relevant research themes. We first introduce our readers to the different proposed dimensions of a creative object. Next, we explain recent developments on the level of the creativity magnitude issue. Based on that, we review how researchers currently operationalize creativity. After discussing how creativity is conceptualized and operationalized, we outline how it might be enhanced. Finally, we present an overview of the wide variety of methodological approaches currently used in creativity research. We close by calling for more interdisciplinary research and offering other suggestions for future directions.

Abstract

Kreativität spielt im Ideen- und Innovationsmanagement eine wichtige Rolle. Insbesondere der Aspekt, wie kreative Ideen dauerhaft generiert werden können, steht im Fokus von Entscheidern im Unternehmen. Vor diesem Hintergrund legt der Beitrag einführend die entscheidenden Dimensionen von Kreativität dar, welche auf individueller, gruppen- sowie organisationspezifischer Ebene zu berücksichtigen sind. Auf dieser Basis werden Implikationen für das Ideen- und Innovationsmanagement aufgezeigt, welche geeignet erscheinen, die Motivation zu kreativen Leistungen aufrecht zu erhalten.

Abstract

Three studies examined the influence of type of scale on self-relevant judgments and the moderating role of age, prevention, focus, and need for cognition. Participants were randomly assigned to a bipolar or a unipolar scale condition in all three studies. Results from study 1 with a representative sample of the adult population of Mexico showed that participants evaluated themselves more positively on a bipolar than a unipolar scale. Age did not moderate this relationship. Results from studies 2 and 3 also showed a significant influence of type of scale on self-relevant judgments. Prevention, focus and need for cognition did not moderate the relationship between type of scale and self-relevant judgments. The theoretical and applied implications of our results were discusse

Abstract

We use international diffusion, deinstitutionalization, and power theory to explain the diffusion and ban of the third-party ownership (TPO) practice in the soccer industry. We use an inductive case study combining archival and interview data to identify the mechanisms that lead to the diffusion, but also to the contestation and deinstitutionalization of TPO. The results suggest that the practice evolution can be explained as a process of layered escalation. Regardless of the economic benefits for the stakeholders that supported the diffusion of the practice, their nested position restricts their access and influence to the dominant stakeholders on the later stages, explaining the deinstitutionalization of an internationally diffused practice.

Abstract

Based on the prosodic features of charisma that have been identified in previous prosodic studies, we provide the first-ever acoustic profiles of Steve Jobs' and Mark Zuckerberg's business speeches, . We analyzed a sample of about 45 minutes from iPhone/iPad or "F8" presentations. Our results show that Jobs and Zuckerberg both stand out against a reference sample of ordinary speakers from the prosodic literature. However, Jobs stands out even more and thus significantly differs from Zuckerberg in almost all prosodic parameters that are known from previous studies to be associated with charisma. In addition, both CEOs produced significant differences differed between the customer-oriented and investor-oriented sections of their speeches, albeit mostly in opposite directions. In summary, we show that the prosodic features of charisma in political speeches also apply to business speeches. Consistent with the public opinion, our findings are indicative of Steve Jobs being a more charismatic speaker than Mark Zuckerberg. Beyond previous studies, our data suggest that rhythm and emphatic accentuation are also involved in conveying charisma. Furthermore, the differences between Jobs and Zuckerberg and the investor- and customer-related sections of their speeches support the modern understanding of charisma as a gradual, multiparametric, and context-sensitive concept.

Abstract

Purpose -- The purpose of this paper is to describe how Nespresso achieved competitive advantage through innovation by changing the rules of the game in its industry. Design/methodology/approach -- Nespresso was analyzed based on public available secondary data, in combination with related academic concepts on innovation and competitive advantage. Findings -- The company succeeded by the thorough application of a strategy that, through perfect alignment, allowed the company to reach a unique market position. However, as described in the case, it took a relatively long time and the company came close to failure several times. Before the current situation of the company, it remains challenging in the future as well. Hence, the Nespresso story provides interesting space for discussion and learning about what innovation is, how innovation emerges, and under which circumstances innovation can serve as a source for competitive advantage. Research limitations/implications -- Especially given the current market situation, the case offers different starting points for discussion about innovation and long-term company success. Practical implications -- Especially before the current market situation, the case offers different starting points for discussion about innovation and the success of a company on the long term. The case is designed to give practitioners a better understanding on what an innovation as, and how competitive advantages can be linked to innovation. Originality/value -- This case of Nespresso is a unique combination of the concepts of innovation and competitive advantage. It serves as an example of an innovation, which was not successful from the scratch, but evolved over time and is still developing. As many innovations went through such a non-linear process, this case offers interesting lessons learned for academics as well as for practitioners.

Abstract

Firms around the world are eager to replicate the successes of enterprises that have established innovation labs in California's Silicon Valley. An analysis of four leading US companies that have set up idea incubators in the Valley—Xerox, Apple, Google, and Cisco—point to eight factors for success in establishing an innovative environment: carefully considering the decision to set up such a center, hiring the right people, designing a framework for effective output, creating a buffer from bureaucratic distractions, securing a leader to champion the effort, focusing on business outcomes, fostering disruptive over incremental innovation, and being patient. Regardless of where an innovation hub is established, the key to success lies in hiring creative, intrinsically motivated staff and then giving them the freedom to do what they do bes

Abstract

Crisis situations are special situations during the development process. They are characterized by time and handling pressure. Therefore, it is necessary to identify and apply a methodical problem solving approach to overcome these situations. Due to their prescriptive character, problem solving approaches reduce the problem identification time and increase the efficiency of crisis management. The goal of this research is to identify methods which are able to support the crisis management process successfully. Therefore, a literature-based analysis of developing methods, especially TRIZ is conducted. Regarding the main steps of problem solving, evaluation criteria are identified and considered. This bases on standardized method descriptions and is evaluated by criteria regarding training effort, usability, time, quality of solutions, required resources, and effort for application by 12 TRIZ users and experts. Result of this research is a situation specific approach for crises. The evaluated methods are clustered considering the main steps of problem solving. Results indicate that TRIZ methods support especially the idea generation process with structured and detailed approache

Abstract

Understanding the criteria used by investors to evaluate new ventures' proposals remains an active area of research in entrepreneurship (Nunes et al. 2014). Prior research identifies that there are differences in the types and importance of criteria used to evaluate venture proposals (Streletzki & Schulte 2013), and suggests that in some cases just a few element define the criteria used to make investment decisions (Maxwell et al. 2011). Despite scholars' interest in understanding the evaluation criteria it is still remains unclear the criteria and order of importance (Franke et al. 2008; Nunes et al. 2014). We propose a method based on Fuzzy Order Preference by Similarity to an Ideal Solution (Fuzzy TOPSIS) to help entrepreneurs to analyze the evaluation, in terms of fuzzy opinions, of new ventures proposals. To this end a set of fuzzy linguistic terms based on triangular fuzzy numbers are considered. A group of investment experts has been considered to assess different factors and variables by means of linguistic terms with different levels of precision. Results provide not only a ranked list of variables obtained from the group of experts' opinion buy also a measure of the consensus reaches. A real example is presented to show the real applicability and efficiency

Abstract

Multi-cultural teams are seen as a wellspring of creativity and innovativeness. Yet, we still miss an in-depth study of their potential and challenges during the innovation process in firms. This is a serious omission as many international firms are in need of improving their global innovation position by the inclusion of insights from team members of different nationalities with knowledge about markets and culture. To derive first insights, we conducted a longitudinal qualitative study in a large global company with 70 personal interviews in five innovation teams over a period of two years. These data, based on semi-structured interviews, provide us with rich information about effects of cultural diversity in teams in the innovation process. Data were analysed through a thematic network analysis and two coders inductively forming categories. Results indicate that cross-cultural teams have a high potential of creativity, but are confronted with difficulties arising from different working- and communication styles which have to be proactively managed from the beginning. While progressing, teams learn to cope with this diversity related to some more surface-level cultural dimensions and members even align. Yet, diversity of power distance induces conflicts that deeply impact the innovation process. Based on these findings, we develop a set of propositions, which lead into a conceptual model on the effects of multi-cultural team work on creativity and innovation. Finally, we discuss further implications for research and practice.

Abstract

This article studies how technology-based entrepreneurs manage to transform their ideas into viable businesses, regardless of their resource limitations and the complexity and dynamics of technology-intense contexts. To describe how entrepreneurs unlock the value proposition that makes a technology useful, we adopt a set of lenses that allow us to view what happens on both sides of the market. In this context, we need to look beyond the resources to explain the weight that entrepreneur's actions carry on the technology entrepreneurship process. In this article, we use a multiple case study on three new technology-based firms to explore how their actions can be interpreted as valuable market signals. The results suggest that entrepreneurs strategically use market, technology, and social capital signalling to mitigate uncertainty and advance in the technology entrepreneurship process. This research holds implications for academic research on the integration of resource and demand-side views, as well as for entrepreneurs and practitioners interested in understanding the impact of visible actions in the early stages of a new technology-based venture.

Abstract

This article studies whether resource positions have an influence in the early value creation efforts of technology-based ventures. We complement the resource-based view expectation on the positive effects of holding unique resources, with demand-side views such as adopting a pull or push technology-market strategy. We use a sample from a longitudinal dataset (Kauffman Firm Survey) to test our hypotheses. The results show that technological resources alone do not positively influence on value creation, and that marketing resources could potentially have a stronger impact on value creation for new technology-based ventures in dynamic technology markets

Abstract

Despite the extensive literature on the benefits of netnography and crowdsourcing for insight and idea generation, little research has been conducted on their practical relevance and application for identifying lead users. We address this gap through an analysis of 24 lead user projects investigating the viability, underlying processes, and main differences of these new search strategies. We argue that both methods justify the significant investments by additionally providing a user-centric basis for subsequent ideation sessions with lead users. Our findings contribute to user innovation literature by demonstrating new ways of identifying these highly valuable users in the social media age.

Abstract

Recent market studies reveal that augmented reality (AR) devices, such as smart glasses, will substantially influence the media landscape. Yet, little is known about the intended adoption of smart glasses, particularly: Who are the early adopters of such wearables? We contribute to the growing body of research that investigates the role of personality in predicting media usage by analyzing smart glasses, such as Google Glass or Microsoft Hololens. First, we integrate AR devices into the current evolution of media and technologies. Then, we draw on the Big Five Model of human personality and present the results from two studies that investigate the direct and moderating effects of human personality on the awareness and innovation adoption of smart glasses. Our results show that open and emotionally stable consumers tend to be more aware of Google Glass. Consumers who perceive the potential for high functional benefits and social conformity of smart glasses are more likely to adopt such wearables. The strength of these effects is moderated by consumers’ individual personality, particularly by their levels of openness to experience, extraversion and neuroticism. This article concludes with a discussion of theoretical and managerial implications for research on technology adoption, and with suggestions for avenues for future researc

Abstract

Abstract Objectives: This paper uses data generated by users to reflect on the emergent paradigm of lifelogging or quantified self as a lifestyle. It analyses the social and technological aspects of this phenomenon, focusing on data management, and it describes how the principles of big data enable us to understand the opportunities and complexities that quantified self is responsible for. Methodology: The paper revises the bibliography published on lifelogging and quantified self from its beginnings to the present. The bibliographic search was completed using bibliographic databases for the articles and general search engines for information on products and applications and for news articles in the local and international press. Results: The result is a taxonomy of uses, applications and tools for lifelogging and quantified self. The researchers conclude that the ability to generate quality information from user-generated data will be key in the development of this paradigm. It will also be necessary to establish standards and protocols to organize, manage and analyse the data so that the potentially positive impact of quantified self on society can be optimized.

Abstract

A rich body of literature has emerged from research on Western new product development (NPD). However, the impact of country- and culture-specific influences on these processes has not been examined in detail yet. Hence, this study identifies the differences in NPD practices between the Indian and German research and development (R&D) subsidiaries of multinational companies (MNCs). Data have been generated by interviews with R&D executives in both countries across multiple cases. The study samples strategic, organisational, and operational aspects and indicates differences in process coordination, reward systems, NPD creativity techniques, market orientation, and the average age of NPD teams. Other aspects, such as top management support, the use of structured NPD processes, and the use of heterogeneous NPD teams, show no substantial differences between the countries. Our findings suggest that, while some aspects are universally applicable across cultural frontiers, Western companies must understand India's different expectations regarding NPD and adjust their practices accordingly. A rich body of literature has emerged from research on Western new product development (NPD). However, the impact of country- and culture-specific influences on these processes has not been examined in detail yet. Hence, this study identifies the differences in NPD practices between the Indian and German research and development (R&D) subsidiaries of multinational companies (MNCs). Data have been generated by interviews with R&D executives in both countries across multiple cases. The study samples strategic, organisational, and operational aspects and indicates differences in process coordination, reward systems, NPD creativity techniques, market orientation, and the average age of NPD teams. Other aspects, such as top management support, the use of structured NPD processes, and the use of heterogeneous NPD teams, show no substantial differences between the countries. Our findings suggest that, while some aspects are universally applicable across cultural frontiers, Western companies must understand India's different expectations regarding NPD and adjust their practices accordingly. Read More: http://www.worldscientific.com/doi/abs/10.1142/S1363919615500103

Abstract

In the past, the agency theory was used to analyse problems within supply networks. This theory suggested different solutions to bring about a reduction in information asymmetries. However, doing so in the future will prove to be difficult owing to the increasing complexity of supply networks. Moreover, along with the fourth industrial revolution - industry 4.0 - new technologies such as cyber physical systems are fast gaining popularity. Hence, based on the analysis of relevant literature, we further develop the supply chain committee model, developed by Kaluza et al. (2003) to demonstrate how upcoming technologies can be integrated. This may help manage agency problems, despite the growth in complexity in supply network

Abstract

Technology commercialization is described as the most dreadful challenge for technology-based entrepreneurs. The scarcity of resources and limited managerial experience make it a daunting task, putting in danger the whole firm emergence. Prior research has often build upon the resource-based view to propose that the new firms' performance is dependent on their initial resource endowments and configurations. Nevertheless, little is known on how the early-stage decisions of the entrepreneur might influence on the growth of the firm. Scholars have suggested that both technology and market orientation actions could influence the performance and growth of firms in this context; nevertheless, there is limited empirical evidence of the influence of these different orientations in the context of new technology-based firms (NTBFs). In this study we propose to explore the influence of technology and demand creation actions adopting a demand-side view. We use a longitudinal study on a panel dataset (2004-2007) with 249 U.S. new high-technology firms to test our hypothesis. The results point towards a rather limited influence of initial resource configurations, as well as an unexpected influence of market and technology orientation in the growth dimensions of an NTBF. The research holds implications for the management of new technology-based firms and for those interested in supporting the development of technology entrepreneurship.

Abstract

How do technology entrepreneurs use signals to help transform their ideas into viable businesses, regardless of their resource limitations and the complexity of the markets in which they operate? One way is to attend to the use of signals as a market communication strategy. An analysis of the experiences of three new technology firms in Spain looks beyond the traditional resource-based view of the firm to explain how an entrepreneur's actions can be interpreted as valuable market signals to mitigate uncertainty and increase the likelihood for success for the new venture. Highlighting the value of resources and actions as signaling elements, the study reveals that in highly competitive and dynamic markets, understanding how to signal essential information to customers and other stakeholders can be as important as the technological properties of the actual product or service.

Abstract

Different studies have evaluated the factors that lead to the adoption of new online services in general and particularly for Location-Based Services adoption (LBS), as this is seen as a key application for smartphones. Recently, several security threats and the disclosure of extensive personal data have raised the question, if location data are considered as sensitive data by users. Thus, we use two privacy concern models, namely Concern for Information Privacy (CFIP) and Internet Users’ Information Privacy Concerns (IUIPC) to find out. Our sample comprises of 235 individuals between 18 and 34 years (Generation C) from Germany. The results of this study indicate that the second-order factor IUIPC showed better fit for the underlying data than CFIP did. Overall privacy concerns have been found to have an impact on behavioral intentions of users for LBS adoption. Furthermore, other risk dimensions may play a role in determining usage intention, which should be analyzed by further researc

Abstract

Objectives: This paper uses data generated by users to reflect on the emergent paradigm of lifelogging or quantified self as a lifestyle. It analyses the social and technological aspects of this phenomenon, focusing on data management, and it describes how the principles of big data enable us to understand the opportunities and complexities that quantified self is responsible for. Methodology: The paper revises the bibliography published on lifelogging and quantified self from its beginnings to the present. The bibliographic search was completed using bibliographic databases for the articles and general search engines for information on products and applications and for news articles in the local and international press. Results: The result is a taxonomy of uses, applications and tools for lifelogging and quantified self. The researchers conclude that the ability to generate quality information from user-generated data will be key in the development of this paradigm. It will also be necessary to establish standards and protocols to organize, manage and analyse the data so that the potentially positive impact of quantified self on society can be optimized.

Abstract

Prior research on open innovation primarily focused on theoretical perceptions about the transaction of technologies in information technology, pharmaceutical and electronics industry. Research about open innovation in the automotive industry has hardly received attention. However, the automotive industry has long been cooperating with external partners and nowadays acquires about three quarters of the value created from their suppliers. Based on theoretical findings of other industries, we examine the role of technology transactions and external partnerships in fostering firm capabilities. Survey responses from the German automotive industry let us empirically test seven hypotheses with a multiple regression model. Based on a firm's individual resource configuration and capability level, results show that some firms clearly profit more from openness than others. With this study, we extend research about open innovation in an industry where it has not been done before and empirically test the concept to overcome the prescriptive character of recent research on open innovation.

Abstract

Business incubators have become an important pillar in the attraction and the support of innovation and entrepreneurship - in practice, and to a greater extent in theory as well. Based on earlier research, we give an overview of business incubator literature between 2001 and 2013. We review these results in a generic business incubation process model, which is elaborated in a pre-, main- and after-incubation phase. Finally, we introduce an incubator guide, which is summarising the key areas into a questionnaire. Hence, on the one hand, we foster future research on business incubation with our conceptual framework based on an extensive literature review. On the other hand, we support managers and policy makers with a practice-oriented and research-based evaluation tool for a status quo analysis as well as a solid basis for a further incubator developmen

Abstract

The purpose of this paper is to provide the systematic procedures of case study research. A robust case study protocol in the context of societal and ethical issues with a relevant guidelines will set to show how data should collect, present, and analyze. This paper takes in particular the context of Responsible Research and Innovation (RRI) as the phenomenon and investigates on how to apply the methodologies, which could assist us to identify the boundaries between societal and ethical issues and the emerging ICTs. As such, to interpret the collected data and build theory inductively, to have an excellent basis for further qualitative research within RRI context, systematic procedures are needed to conduct. This paper uses a holistic view to the literature for providing guidelines for conducting and reporting case study research for RRI context. It defines the information that needs to be gathered from the cases, the way this data is to be analyzed and the processes of reflections to be undertaken. Checklists for conducting the case study protocol are linked to each step of systematic procedures and applicable for researchers, ICT managers, reviewers, and readers to allow them taking account of societal and ethical aspects, in particular RRI principles in emerging ICTs in a proper wa

Abstract

The possibility of studying entrepreneurial activity from a longitudinal perspective has only recently become a reality. The limited availability of panel data had hindered the study of the causes and consequences of entrepreneurial action. Fortunately, since the emergence of the PSED dataset in the late 90's, there have been several new attempts of panel data monitoring entrepreneurial activity around the world. However, in order to capitalize this substantial efforts on data collection, researchers need to have an understanding of the different datasets characteristics and the opportunities that they offer. This paper presents a review of the recent developments on new venture creation panel datasets (from 2009 onwards) and aims to provide a reference point for scholars and policy makers interested in gaining a further understanding on the underlying dynamics behind entrepreneurial activity. Details on the different panel structures, variables used and novel sample designs are provided.

Abstract

Opportunity discovery and creation are key areas of research in entrepreneurship literature. Based on the ongoing discussion, this paper proposes an integrative view of a dynamic multi–stage new venture emergence. In particular, the findings of our research show how to match these approaches with the life cycle stages of an emerging venture. This paper contributes to existing entrepreneurship research by acknowledging the value of parallel sequential process combinations, by including customer demand as part of a market participant's selection criteria, and by recognising failure as valuable outcome. The implication for entrepreneurs is that, beyond discovering a potential venture idea, substantial development efforts are required to form a sustainable business model. For entrepreneurship research, our model is a first step towards an integrative discussion of new venture emergence aimed at fostering further research and the advancement of new theoretical insights.

Abstract

In times of changing business models and international competition, there is an inherent need for companies to foster and develop mechanisms to absorb new technologies for innovative products and processes effectively. Such considerations lead to the strategic make-or-buy decision which was the subject of our research. This quantitative explanatory study in the German industry shows in particular that companies base their decision for internal or external sourcing on multiple weighted criteria with scoring models and, even more common, with portfolio matrices. These results are in common with recent research, however, other results are surprising, e.g. just a small minority of companies involve people from controlling and legal departments in these decision processes. The paper also reveals differences between companies with different timing and competitive strategies, which are in line with the proposed characteristics of these strategic focuses in literature. Implications for theory and practice are given to foster future research in this area. In times of changing business models and international competition, there is an inherent need for companies to foster and develop mechanisms to absorb new technologies for innovative products and processes effectively. Such considerations lead to the strategic make-or-buy decision which was the subject of our research. This quantitative explanatory study in the German industry shows in particular that companies base their decision for internal or external sourcing on multiple weighted criteria with scoring models and, even more common, with portfolio matrices. These results are in common with recent research, however, other results are surprising, e.g. just a small minority of companies involve people from controlling and legal departments in these decision processes. The paper also reveals differences between companies with different timing and competitive strategies, which are in line with the proposed characteristics of these strategic focuses in literature. Implications for theory and practice are given to foster future research in this area. Read More: http://www.worldscientific.com/doi/abs/10.1142/S0219877014500163

Abstract

Today there is little doubt that the modern economy is driven by firms which capitalize on change, challenge and technology. The technology sector represents an important share of the economy of every industrial nation, for example, in the United States more than one-third of the gross national product and about half of the private-sector spending on capital goods are related to technology. Other examples are Japan and Germany; they occupy the worldís second and third places, respectively, as measured by patents granted in the year 2011: (1) United States: 121,261 patents granted, (2) Japan: 48,256 patents granted, (3) Germany: 12,968 patents granted (Marketline, 2012). The examples and figures suggest a high capacity for innovation, or rather a high accumulation of start-ups and entrepreneurs, especially in the technology sector. Technology and similar high-growth enterprises are both an important part of our worldís economic growth as well as the place where young entrepreneurs realize their dreams. Technology involves devices, artefacts, processes, methods, tools and materials that can be applied to industrial and commercial intentions (Byers et al., 2011). As stated, research and innovation in technology are drivers of economic growth and social change. In order to be fruitful, they need an innovative business environment and good knowledge gained from science. Essential for the transformation of research results into products and services are research institutions and a good know-how and technology transfer.

Abstract

In times of changing business models and international competition, there is an inherent need for companies to foster and develop mechanisms to absorb new technologies for innovative products and processes effectively. Such considerations lead to the strategic make-or-buy decision which was the subject of our research. This quantitative explanatory study in the German industry shows in particular that companies base their decision for internal or external sourcing on multiple weighted criteria with scoring models and, even more common, with portfolio matrices. These results are in common with recent research, however, other results are surprising, e.g. just a small minority of companies involve people from controlling and legal departments in these decision processes. The paper also reveals differences between companies with different timing and competitive strategies, which are in line with the proposed characteristics of these strategic focuses in literature. Implications for theory and practice are given to foster future research in this area. In times of changing business models and international competition, there is an inherent need for companies to foster and develop mechanisms to absorb new technologies for innovative products and processes effectively. Such considerations lead to the strategic make-or-buy decision which was the subject of our research. This quantitative explanatory study in the German industry shows in particular that companies base their decision for internal or external sourcing on multiple weighted criteria with scoring models and, even more common, with portfolio matrices. These results are in common with recent research, however, other results are surprising, e.g. just a small minority of companies involve people from controlling and legal departments in these decision processes. The paper also reveals differences between companies with different timing and competitive strategies, which are in line with the proposed characteristics of these strategic focuses in literature. Implications for theory and practice are given to foster future research in this area. Read More: http://www.worldscientific.com/doi/abs/10.1142/S0219877014500163

Abstract

Considering growing public awareness of social, ethical and ecological responsibility, companies have constantly been increasing their efforts in CSR communications. Social Media as tools of brand communication receive increasing attention and it is expected that the marketing sector will experience changes through this phenomenon in the future. This empirical study investigates the types of content that is communicated for different brands and industries in leading Social Media portals on the German market in 2011. It turns out that this kind of CSR communication differs in terms of portals used, as well as in contents. Also, remarkable differences between industries can be observe

Abstract

Abstract— This study explores the relationship between Social Media engagement and the activation of the consumer's purchase process. Following a consumer behavior perspective we study how the new communication paradigm of the Web 2.0 has change the first stage of the e-commerce purchase process, the problem recognition. We use the case of a smartphone purchase, to explore how differences in Social Media (Facebook) engagement would help describe existent differences between the consumer's triggers for problem recognition. The results suggest that there's a relationship between the level of engagement and the consumer's state that influences the activation of the problem recognition. Implications for e-commerce and social media managers are discussed.

Abstract

New technology-based firms have to deal with the technology development and market search challenges at the same time. The venture emergence in technology entrepreneurship symbolizes that the new venture has been able to find the right fit for its technology and becomes an operating business. The complex nature and dynamism of technology markets suggest the need to look beyond the venture resources in order to explain how new ventures overcomes the market uncertainty towards their technological products, and become operational businesses. We use a multiple case study of three new technology-based firms to explore the use of signals as market creation strategies in the context of venture emergence. The results suggest that entrepreneurs rely on market, technology and social capital signaling to reduce the uncertainty and advance towards venture emergence. This research holds implications for researchers interested in further exploring the integration of marketing, signaling and entrepreneurship theories and for entrepreneurs interested in overcoming the market uncertainty towards their technology, products and venture performance.

Abstract

In recent years, Prediction Markets gained growing interest as a forecasting tool among researchers as well as practitioners, which resulted in an increasing number of publications. In order to track the latest development of research, comprising the extent and focus of research, this article provides a comprehensive review and classification of the literature related to the topic of Prediction Markets. Overall, 304 relevant articles, published in the timeframe from 2007 through 2013, were identified and assigned to a herein presented classification scheme, differentiating between descriptive works, articles of theoretical nature, application-oriented studies and articles dealing with the topic of law and policy. The analysis of the research results reveals that more than half of the literature pool deals with the application and actual function tests of Prediction Markets. The results are further compared to two previous works published by Zhao, Wagner and Chen (2008) and Tziralis and Tatsiopoulos (2007a). The article concludes with an extended bibliography section and may therefore serve as a guidance and basis for further researc

Abstract

Purpose – The purpose of this paper is to investigate the possibility of using the new marketing research tool of prediction markets (PMs), which integrates customers to into the marketing research process. The research questions are: does taking part in PMs influence customers’ brand perception? Is there a danger of damaging a brand through this tool? Design/methodology/approach – The paper uses a series of five short-term (less than one hour) and five long-term (three weeks) experimental online PMs where customers are integrated into marketing research and apply a series of online-surveys before and after taking part as virtual stock market traders. Subjects of research are taken from the sporting goods industry. Findings – The paper shows that PMs can be used by marketing researchers without the danger of damaging the brand of the products that are subject of the PMs, although customers are being integrated to improve the markets’ forecasting accuracy. Research limitations/implications – The study’s subject are medium priced sporting goods only. Possibly in other product fields, results may differ. Thus, the authors see a field for further research in this limitation. Practical implications – Managers for marketing intelligence have more reason to make use of the efficient and rather new tool, PMs. Marketers can potentially improve their forecasting accuracy by integrating customer information into their reports. In addition, the authors see a high potential in the area of innovation management as well. Originality/value – There has been no research on perceptions of PMs and brands at all so fa

Abstract

Crowdfunding hat in den letzten Jahren ein sehr starkes weltweites Wachstum erlebt, sodass sich immer mehr deutsche Unternehmen über Crowdfunding bzw. -investing finanzieren. Crowdinvesting, eine Unterform von Crowdfunding, basiert auf dem gleichen genossenschaftlichen Prinzip: \glqqviele schaffen mehr\grqq. Daher bietet sich es sich an, diese Finanzierungsform als Untersuchungsobjekt im Kontext von Genossenschaften zu analysieren. Der vorliegende Aufsatz befasst sich mit Crowdinvesting in Deutschland und dessen Relevanz für Genossenschaften, die Gründungskapital akquirierenmöchten. Hierfür wurde neben der Untersuchung von 80 durch Crowdinvesting finanzierten Unternehmen, eine vergleichende Analyse von elf Startups, welche als GmbH oder als eG gegründet wurden, vorgenommen. Ferner wurden sechs Genossenschaften interviewt, von denen drei mittels Crowdinvesting finanziert wurden. Die Ergebnisse zeigen, dass Crowdinvesting ein wachsendes Potential für Genossenschaften mit sich bringt, sofern diese sich auch an die neuen Gegebenheiten anpassen. Hierzu gehören eine hohe Affinität zu neuen Medien sowie die Steigerung des Bekanntheitsgrades der Rechtsform bei potentiellen Finanzgebern. Das erste Kapitel grenzt die Begriffe Crowdfunding und Crowdinvesting voneinander ab. Darauf basierend wird im zweiten Kapitel der deutsche Crowdfunding-Markt detailliert beschrieben. Im Anschluss werden Crowdinvesting und deutsche Genossenschaften analysiert, sowie drei Fallbeispiele von Genossenschaften dargestellt, welche durch Crowdfunding finanziert wurden. Abschließend wird ein Fazit über die erbrachten Untersuchungen gezogen.

Abstract

Crowdfunding als eine Alternative, junge Firmen in der Seed- oder Startup-Phase mithilfe von eigens kreierten Internetplattformen zu finanzieren, gewinnt auch in Deutschland zunehmend an Relevanz. Im Mittelpunkt steht hierbei die Frage nach der individuellen Investmententscheidung, die Gegenstand dieser Untersuchung ist: Welche Faktoren nehmen Einfluss auf die Investitionsentscheidung privater Crowd-Investoren? Dieser Frage wird auf Basis zweier fiktiver Crowdfunding-Fallstudien mit einer schriftlichen Befragung von 221 Personen nachgegangen. Basierend auf einem konzeptionellen Modell wurden Einflussfaktoren untersucht und anhand deskriptiver Ergebnisse und Regressions-analysen evaluiert. Die Ergebnisse zeigen, dass das Produkt, in das investiert wird, eine ganz wesentliche Rolle bei der Investmententscheidung spielt. Zudem fallen geschlechtsspezifische Unterschiede bei diesen Entscheidungen auf, sowie auch persönliche Bindungen zu dem Startup, welche die Wahl des Investments wesentlich beeinflussen. Neben der Diskussion der Ergebnisse vor dem Hintergrund der bestehenden Literatur wird ein Ausblick für zukünftige Crowdfunding-Forschung gegeben. Crowdfunding als eine Alternative, junge Firmen in der Seed- oder Startup-Phase mithilfe von eigens kreierten Internetplattformen zu finanzieren, gewinnt auch in Deutschland zunehmend an Relevanz. Im Mittelpunkt steht hierbei die Frage nach der individuellen Investmententscheidung, die Gegenstand dieser Untersuchung ist: Welche Faktoren nehmen Einfluss auf die Investitionsentscheidung privater Crowd-Investoren? Dieser Frage wird auf Basis zweier fiktiver Crowdfunding-Fallstudien mit einer schriftlichen Befragung von 221 Personen nachgegangen. Basierend auf einem konzeptionellen Modell wurden Einflussfaktoren untersucht und anhand deskriptiver Ergebnisse und Regressions-analysen evaluiert. Die Ergebnisse zeigen, dass das Produkt, in das investiert wird, eine ganz wesentliche Rolle bei der Investmententscheidung spielt. Zudem fallen geschlechtsspezifische Unterschiede bei diesen Entscheidungen auf, sowie auch persönliche Bindungen zu dem Startup, welche die Wahl des Investments wesentlich beeinflussen. Neben der Diskussion der Ergebnisse vor dem Hintergrund der bestehenden Literatur wird ein Ausblick für zukünftige Crowdfunding-Forschung gegeben. Read More: http://ejournals.duncker-humblot.de/doi/abs/10.3790/zfke.62.1.31</

Abstract

Based on the influence of personal, cultural and gender differences, this article deals with the perception of creative images in light of their increasing importance for successful advertising campaigns. The authors conduct a literature review of relevant material on advertising creativity with an international perspective. The study will present results of a survey given to international students and young professionals with a cultural background from more than 35 countries. Results indicate that culture has an influence on the perception of advertising creativity, while cultures with a high level of power distance are found to be negatively correlated. A methodological contribution is made by applying multiple regression analysis combining research about creativity, personality and international culture. Limitations as well as further research suggestions are discussed.

Abstract

A rich body of literature has emerged from research on Western new product development (NPD). However, the impact of country- and culture-specific influences on these processes has not been examined in detail yet. Hence, this study identifies the differences in NPD practices between the Indian and German research and development (R&D) subsidiaries of multinational companies (MNCs). Data have been generated by interviews with R&D executives in both countries across multiple cases. The study samples strategic, organisational, and operational aspects and indicates differences in process coordination, reward systems, NPD creativity techniques, market orientation, and the average age of NPD teams. Other aspects, such as top management support, the use of structured NPD processes, and the use of heterogeneous NPD teams, show no substantial differences between the countries. Our findings suggest that, while some aspects are universally applicable across cultural frontiers, Western companies must understand India's different expectations regarding NPD and adjust their practices accordingl

Abstract

In this study we address a central question in the context of innovation and uncertainty. Why some of firms engage in innovative activities, when they are unable to predict the direction, effect, and consequence of main events and trends changes in their operating environment. At the same time, the other firms' focuses on existing products and services and in somehow avoid experimenting the new ideas and actions? More specifically, whether different types of perceived uncertainties have distinct effect on organization's inclinations to engage in innovative behaviour? The present paper develops a theoretical foundation of these questions and emphasizing on the contrasting role of uncertainty in facilitating and preventing the establishment of innovativeness within the firm.

Abstract

Internationalization of R&D is an upcoming research topic. However, as far as group-internal resource exchanges between affiliates are concerned, research is scarce. Therefore, the present study shed light on the discussion in literature by detecting obstacles and accelerators regarding the opening of R&D to affiliated companies in the same business group. The challenges are analysed for affiliates in order to engage themselves in group-internal markets, for instance to avoid bottlenecks in the product development or to improve their technological knowledge. To research this phenomenon, a case study is accomplished by investigating a Multinational company whose affiliates are self-reliant and horizontally diversified. Mixed methods are applied by having structured depth interviews with the responsible R&D managers as well as by sending a survey out to associated project managers. The study indicates that the organizational complexity, infrastructures within the business group and the impact of external market structures play an essential role for the usage and effectiveness of group-internal markets. Hence, the insights offer valuable clues why internal markets have advantages and disadvantages for affiliates under certai circumstances, i.e. in matters of communication, or why collaboration efforts introduced by the business group management do not yield result

Abstract

Crowdfunding hat in den letzten Jahren ein sehr starkes weltweites Wachstum erlebt, sodass sich immer mehr deutsche Unternehmen über Crowdfunding bzw. -investing finanzieren. Crowdinvesting, eine Unterform von Crowdfunding, basiert auf dem gleichen genossenschaftlichen Prinzip: „viele schaffen mehr“. Daher bietet sich es sich an, diese Finanzierungsform als Untersuchungsobjekt im Kontext von Genossenschaften zu analysieren. Der vorliegende Aufsatz befasst sich mit Crowdinvesting in Deutschland und dessen Relevanz für Genossenschaften, die Gründungskapital akquirierenmöchten. Hierfür wurde neben der Untersuchung von 80 durch Crowdinvesting finanzierten Unternehmen, eine vergleichende Analyse von elf Startups, welche als GmbH oder als eG gegründet wurden, vorgenommen. Ferner wurden sechs Genossenschaften interviewt, von denen drei mittels Crowdinvesting finanziert wurden. Die Ergebnisse zeigen, dass Crowdinvesting ein wachsendes Potential für Genossenschaften mit sich bringt, sofern diese sich auch an die neuen Gegebenheiten anpassen. Hierzu gehören eine hohe Affinität zu neuen Medien sowie die Steigerung des Bekanntheitsgrades der Rechtsform bei potentiellen Finanzgebern. Das erste Kapitel grenzt die Begriffe Crowdfunding und Crowdinvesting voneinander ab. Darauf basierend wird im zweiten Kapitel der deutsche Crowdfunding-Markt detailliert beschrieben. Im Anschluss werden Crowdinvesting und deutsche Genossenschaften analysiert, sowie drei Fallbeispiele von Genossenschaften dargestellt, welche durch Crowdfunding finanziert wurden. Abschließend wird ein Fazit über die erbrachten Untersuchungen gezogen.

Abstract

While global intellectual property trends show a stable rate of worldwide patent applications during the last five years, patent applications in emerging economies strongly increased within the same period. Unless the increasing number of applications in emerging economies, the indigenous legal systems in those countries are mostly not able to effectively protect intellectual property rights of multinational companies. Still, we observe the phenomenon of a strongly increasing rate of technology patenting in countries with weak appropriability regimes. This article studies patenting strategy archetypes of the world’s largest patent applicants using the case of China as an empirical context. Using Questel’s professional patent search application Orbit, we build a unique data set of the world’s top patent applicants combining data from the World Intellectual Property Organization and the State Intellectual Property Office of China comprising data of about 620.000 patents. Referring to the study of Keupp et al. (2012), we extend previous qualitative studies on patenting strategy archetypes by adding quantitative evidence from a data set of the world’s largest intellectual property owners. Model based clustering reveals the existence of five patent strategy archetypes of companies patenting in economies with weak appropriability regime

Abstract

Previous research shows a plethora of overlapping and interrelated innovation approaches to understand the bottom of the pyramid customer needs and markets specifications. This research attempts to (1) identify the key factors that make a product relevant to be considered as an innovation for emerging markets (2) and establish relative importance of key factors for product managers while conceptualizing a new product for emerging markets. In the first part, the study assembles the list of characteristics from the selected innovation theories revolving around emerging markets. Subsequently the identified characteristics are clustered into eight key factors using semantic similarities scores and Ward’s clustering method. An analytical hierarchy process method is employed to obtain the priorities of these eight key factors. The study concludes with a Unified Innovation Framework which presents the overarching innovation approach for emerging markets and provides a common definition for a product considered relevant for emerging market. The results show high prioritization given to cost effective, easy to use and problem centric as compared to the sustainability, no-frills, resourceful, breakthrough and fast-to-market factors by product managers. However, the paper acknowledges that the prioritization results are subject to change given different motivation behind the various theories. Finally the paper proposes that, the eight key factors required factors to “play in” emerging markets would not change, but factors to “win in” can change based on other aspects such as sector, motivation, innovation flows and government policies.

Abstract

This paper gives a comprehensive overview of the commonly used terms jugaad, frugal innovation, frugal engineering, constraint-based innovation, Gandhian innovation, catalytic innovation, grassroots innovation, indigenous innovation, and reverse innovation. Based on that, a conceptual framework is introduced consisting of three core dimensions: sophistication, sustainability, and emerging market orientation. On the basis of these dimensions, analogies and distinctions between the terms are identified and general tendencies are explored such as the increasing importance of sustainability in social and ecological context or the growing interest of developed market firms in approaches from emerging markets. Hence, the presented framework supports further research in new paradigms for research and development (R&D) in developed market firms (DMFs), particularly in relation to emerging markets. This framework enables scholars to compare concepts from developed and emerging markets, to address studies specifically by using consistent terms, and to advance research into the concepts according their characterizatio

Abstract

Uses new approaches and solutions to tackle innovations in an international context. Some of the challenges of innovating are remarkably consistent and recent times have shown the emergence of new ways for stimulating and managing the innovation process. The authors explore these new routes and assess their value for markets and companies.

Abstract

Purpose: The purpose of this paper is to identify forthcoming fields of innovation management themes with an outline for the most important areas and directions of academic research and management practice. Design/methodology/approach: Key trends in innovation research are derived from an extensive literature review. In addition, major macroeconomic trends and new technologies were identified to finally develop a conceptual framework. Findings: The paper identifies seven major fields for future research in innovation management theory and practice. These areas are namely customer orientation, network organisation, sustainability, frugality, intellectual property, business model and global innovation. Based on the paper literature review, the paper develops a conceptual framework built on intra-firm and external openness as well as the short- and long-term strategic perspective. Future research areas are finally introduced. Originality/value: The paper shows a new conceptual framework and establishes a holistic view of innovation management themes in the next years. Based on the framework, future research areas may be identified and managers can identify important concept

Abstract

Crowdfunding is growing in popularity as a new form of both investment opportunity and source of venture capital. This article takes a view on whether crowdfunding is a replacement or an addition to traditional seed capital sources in the early stages of a new venture. With access to angel investment decreasing since the financial crisis of 2008, crowdfunding is of great importance to start-ups seeking starting capital. However, little effort has been made to define the investment model of crowdfunding with both crowdfunder and crowdfundee in mind. Drawing on an in-depth review of current literature on crowdfunding, this article creates an investment model of crowdfunding with various reward models available to investor and investee in mind. This article provides an extensive survey of the environment of crowdfunding based on current literature. It offers a jumping off point and a thorough literature review for researchers of crowdfunding, providing a detailed examination of the current landscape of crowdfunding based on available literary source

Abstract

Unternehmen unterliegen einer immer größer werdenden Umweltdynamik und sehen sich daher zusehend gezwungen, ihre Geschäftsmodelle auf neue Situationen anzupassen. Dieser Beitrag untersucht in diesem Zusammenhang, wie der Geschäftsmodellwandel insbesondere in KMU mit 10–30 Mitarbeitern erfolgreich gestaltet werden kann. Das Forschungsfeld des Change Managements ist weit gestreut und es hat sich bislang noch keine Basistheorie herausgebildet. Da der KMU-Bezug bis dato nur schwach ausgeprägt ist, wird auf Basis einer qualitativen Untersuchung von vier Unternehmen ein Modell des Wandels für KMU entwickelt. Dieses beruht maßgeblich auf einem inkrementellen und intuitiven Wandlungsprozess. Das Modell erlangt sowohl theoretische als auch praktische Relevanz, da für eine erfolgreiche Wandlung in dem untersuchten Segment deutlich weniger Erfolgsfaktoren eingesetzt werden mussten, als in der Literatur vorgeschlage

Abstract

The fields of frugal and reverse innovation as well as sustainability and its management have received tremendous interest in recent times. However, there is little literature on how both fields are related to each other. Hence, this paper gives an overview of research in both areas and provides a view of the relationship between frugal and reverse innovation, sustainability management and performance constructs. The link between frugal and reverse innovation on the one hand and sustainability performance on the other hand is established through a differentiated perspective on dimensions representing different fields of sustainability management, i.e. the sustainability of resources used in value creation, the sustainability of the actual value creation processes, and the sustainability of the outcomes of value creation processes. Moreover, we also argue for a positive link between the three dimensions of sustainability management and a company’s market performance.

Abstract

How do technology-based entrepreneurs transform technological ideas into business opportunities? We explore how individual's self-regulatory focus and institutional forces influence in the opportunity construction process. This research addresses the apparent paradox between the exploration efforts of the entrepreneur to find a use for the technological idea, with the institutional pressure advance to opportunity exploitation. We use an inductive multiple- case study with a sample of three technology-based entrepreneurs to shed some light on the phenomena. The results suggest that there is a two-stage process in the transformation of an idea into an opportunity; entrepreneur's ability to moderate their self-regulatory focus is seen to play an important role in this process. These findings hold several implications for entrepreneurs and stakeholders interested in promoting technology-based entrepreneurship

Abstract

The transformation of business ideas into market opportunities is at the core of entrepreneurship. Nevertheless, the complexity of such a transformative process is seen to change depending on the variables influencing the opportunity-entrepreneur nexus. Although technology-entrepreneurship is regarded as a force of change and dynamism in socio-economic growth, it also depends upon an intricate process of opportunity development. The interest in understanding better how technology-based entrepreneurs simultaneously cope with technological uncertainty while trying to gain stakeholder support and access to resources, highlights a relevant research gap. The research described in this article uses the constructivist view to deepen our understanding of the technology-based entrepreneur's conceptualization of the opportunity as a process of social construction. Our results show how initial consensus-building efforts and iteration with knowledgeable peers are an essential part of the emergence of the opportunity, changing both entrepreneur's and stakeholders' perceptions of the early business idea. Consequently, our results provide evidence in support of policy programs and measures that favour social-construction sup- port mechanisms to foster technology-based entrepreneurship.

Abstract

Purpose: The main purpose of this paper is to study the benefits that an Asian company can achieve by using e-commerce. Another objective is to identify and rank the barriers influencing the application of e-commerce by innovative small- and medium-sized enterprises (SMEs) in India, Malaysia, and Iran Design/methodology/approach: The survey design uses a sample of 601 SMEs from three countries. In this study, data were collected by sending out questionnaires electronically and by mail. The Friedman test is used to analyse questionnaire data in conjunction with SPSS 16 software. Findings: The results indicate that an "enhanced company brand and corporate image" is the most important e-commerce advantage from the perspective of East Asian SMEs, whereas "doubts about the security and privacy" is the most important barrier. Research limitations/implications: Differences between the three countries in terms of electronic structure and infrastructure are the most important limitations for the study. Practical implications: As the company brand and the image of the company are very important in this region, companies should strategically invest into these areas. Nowadays, in times of social media, this is not as cost intensive as it was ten years before. So particularly, SMEs have a good chance to succeed in this area. Originality/value: This paper offers researchers a broader and more comprehensive view of the benefits of and barriers to electronic commerce application by SMEs. Researchers, educators, and practitioners will benefit from this paper. The analyses are more complex and varied than the methodologies used in most of the limited previous research. © Emerald Group Publishing Limite

Abstract

From research on Western new product development (NPD) practices a rich body of literature has emerged. However, the impact of country specific and cultural influences has not been examined yet. This study is a first attempt to identify differences in NPD practices between R&D subsidiaries in Germany, China and India within multinational companies. Data has been generated by qualitative interviews with Research and Development (R&D) executives in those countries across multiple cases. The study samples strategic, organizational and operational aspects indicates definite differences in process coordination, rewarding systems, the use of creativity techniques in NPD, market orientation and the average age of NPD teams. Other aspects like strategic targets, the management involvement, etc. show rather slight differences across the countries. Hence, findings suggest that while some aspects are universally applicable across cultural frontiers, Western companies have to understand different expectations regarding NPD in India and China by adjusting practices accordingl

Abstract

From research on Western new product development (NPD) practices a rich body of literature has emerged. However, the impact of country specific and cultural influences has not been examined yet. This study is a first attempt to identify differences in NPD practices between R&D subsidiaries in Germany, China and India within multinational companies. Data has been generated by qualitative interviews with Research and Development (R&D) executives in those countries across multiple cases. The study samples strategic, organizational and operational aspects indicates definite differences in process coordination, rewarding systems, the use of creativity techniques in NPD, market orientation and the average age of NPD teams. Other aspects like strategic targets, the management involvement, etc. show rather slight differences across the countries. Hence, findings suggest that while some aspects are universally applicable across cultural frontiers, Western companies have to understand different expectations regarding NPD in India and China by adjusting practices accordingl

Abstract

As the world is shifting its attention towards emerging giants like India and China, the big Western multinational companies MNCs are trying to get their foothold in this market. Instead of customizing the western world products to local markets, these companies are increasingly developing products from scratch for the local consumers. They are engaging in frugal & reverse innovations, by developing affordable products and solutions with "good enough" functionalities and minimum frills, and later on, introducing them to the developed countries. This paper focuses on how multinational corporations MNCs are establishing themselves in the emerging markets and their innovation strategies. The paper initially differentiates between frugal & reverse innovation and goes on to analyze the practices of a German MNC. The paper concludes that end to end localization, core value identification & a healthy portfolio mix of both kinds of innovations is necessary for success in emerging markets. © 2012 IEEE.

Abstract

The success of firms in emerging economies like India and China can be generally attributed to their low-cost R&D and manufacturing capabilities, scalable resource pool, and rapidly growing domestic demand. However, in recent times, emerging economy firms have been employing new innovation strategies to morph into higher orbits and drive profitable business growth. Increasingly, many emerging economy firms are deploying their earnings to invest in R&D and to acquire advanced technologies from developed country firms to boost their innovative capability and to drive their global business competitiveness. Drawing on recent literature on international technology transfer, this paper presents a case study of an Indian MNC to provide theoretical and practical insights into the dynamics and process of technology transfer. Lacking strategic orientation is identified as a main missing factor in recent literatur