Search query: Value creation in innovation ecosystems

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abstract: The success of an innovating firm often depends on the efforts of other innovators in its environment. How do the challenges faced by external innovators affect the focal firm's outcomes? To address this question we first characterize the external environment according to the structure of interdependence. We follow the flow of inputs and outputs in the ecosystem to distinguish between upstream components that are bundled by the focal firm, and downstream complements that are bundled by the firm's customers. We hypothesize that the effects of external innovation challenges depend not only on their magnitude, but also on their location in the ecosystem relative to the focal firm. We identify a key asymmetry that results from the location of challenges relative to a focal firm greater upstream innovation challenges in components enhance the benefits that accrue to technology leaders, while greater downstream innovation challenges in complements erode these benefits. We further propose that the effectiveness of vertical integration as a strategy to manage ecosystem interdependence increases over the course of the technology life cycle. We explore these arguments in the context of the global semiconductor lithography equipment industry from its emergence in 1962 to 2005 across nine distinct technology generations. We find strong empirical support for our framework. Copyright (c) 2009 John Wiley Sons, Ltd.
author_names: Ron Adner

Rahul Kapoor
title: Value Creation in Innovation Ecosystems: How the Structure of Technological Interdependence Affects Firm Performance in New Technology Generations
year: 2010

abstract: The success of an innovating firm often depends on the efforts of other innovators in its environment. How do the challenges faced by external innovators affect the focal firm's outcomes? To address this question we first characterize the external environment according to the structure of interdependence. We follow the flow of inputs and outputs in the ecosystem to distinguish between upstream components that are bundled by the focal firm, and downstream complements that are bundled by the firm's customers. We argue that the effect of external innovation challenges depends not only on their magnitude, but also on their location in the ecosystem relative to the focal firm whereas greater innovation challenges in components enhances the benefits that accrue to technology leaders, greater innovation challenges in complements erodes these benefits. We further argue that the effectiveness of vertical integration as a strategy to manage ecosystem interdependence increases over the course of the technology life cycle. We explore these arguments in the context of the global semiconductor lithography industry from its emergence in 1962 to 2005 across nine distinct technology generations. We find strong support for our arguments.
author_names: Ron Adner

Rahul Kapoor
title: Value Creation in Innovation Ecosystems: How the Structure of Technological Interdependence Affects Firm Performance in New Technology Generations
year: 2009

abstract: Thisstudyexploreshoworganizationsininnovationecosystemsco createandcapturevalueand whattypesofchallengestheyfaceincreatingandcapturingvalue.Basedonamultiplecasestudy, theauthorsshowthatorganizationsinnano electronicsestablishinnovationecosystemstoaccess notonlyknowledgeandtechnology,butalsoothercomplementaryassets.Theanalysisofvarious valuecreationandcapturingmechanismsenablestheauthorstogenerateaframeworktoillustrate thepotentialchallengesandrequiredmanagementactivitiesindevelopinginnovationecosystems. Finally,theauthorsoffersomereflectionsonthetheoreticalimplicationsofthisstudyandthelessons formanagersandpolicymakers. KEywoRdS Innovation Ecosystem, Management Challenges, Nano Electronics Industry, Qualitative Study, Value Capturing, Value Creation
author_names: Pegah Yaghmaie

Wim Vanhaverbeke

Nadine Roijakkers
title: Value Creation, Value Capturing, and Management Challenges in Innovation Ecosystems
year: 2020

abstract: Abstract Technological innovations are increasing the opportunities to develop technically and economically feasible Smart Products. However, the development of Smart Products requires knowledge and capabilities that single companies usually do not possess, thus creating new opportunities for cooperation through the establishment of innovation ecosystems focused on Smart Products. Hence, this study aims at understanding possible configurations for these ecosystems by considering the required characteristics they should display to allow the development of Smart Products from their early stages. We conducted a case study in an electro electronic and automation industrial cluster of 120 small and medium sized enterprises (SMEs) based on 37 interviews with key participants in the ecosystem: 15 SMEs executives, 8 academics, 2 R&D center representatives, 8 large manufacturing customers, 3 business associations and 1 state government representative. As a result, we developed a conceptual framework that presents the required characteristics of an innovation ecosystem to offer Smart Products, and discloses the relationships among these characteristics.
author_names: Julia Hofmeister Kahle

Eric Marcon

Antonio Ghezzi

Alejandro German Frank
title: Smart Products value creation in SMEs innovation ecosystems
year: 2020

abstract: This study focuses on value creation and capture in innovation ecosystems. It presents and discusses the findings from a qualitative, comparative case study on two European led innovation ecosystems from the ICT and aerospace and defence sectors. The purpose of the research is to explore the tangible and intangible mechanisms related to how leading firms may facilitate value creation and capture in this context. In particular, we focus on mechanisms related to the building phase to help attract and gather relevant stakeholders, and on the management phase to help maintain and realise the business goals of all ecosystem participants. We also discuss the differences between the case industries concerning the effectiveness and usage of such mechanisms. Overall, the research findings provide new evidence on the facilitating initiatives, underlying mechanisms and structures that are related to the leading firms' orchestration of innovation ecosystems.
author_names: Paavo Ritala

Vassilis Agouridas

Dimitris G Assimakopoulos

Otto Gies
title: Value creation and capture mechanisms in innovation ecosystems: a comparative case study
venue: Int. J. Technol. Manag.
year: 2013

abstract: Resumo Frente a uma mudanca de percepcao acerca do papel das organizacoes, tao importante quanto gerar lucro para os acionistas e gerar valor para a sociedade. Para tanto, parte se do pressuposto de que a formacao de um ecossistema de inovacao, por intermedio da interconexao e inter relacao de uma rede de atores para gerar inovacao, pode contribuir neste processo. Assim, propoe se a seguinte questao: como a articulacao de um ecossistema de inovacao pode gerar valor compartilhado a todos os envolvidos? Desse modo, realizou se uma pesquisa acao participante no sul do Brasil, com base na interacao entre uma empresa multinacional alema, uma escola publica, uma universidade, o governo municipal e a comunidade local. O projeto que resultou desta interacao denominou se Arcos e teve como finalidade a resolucao de um problema social por parte de gestores, universitarios e alunos da escola, formando um ecossistema que permitiu a criacao de valor compartilhado a todos os envolvidos. Como resultados tem se um framework com os principais beneficios e proposicoes acerca da tematica.
author_names: Bruno Anicet Bittencourt

Paola Schmitt Figueiro
title: Innovation ecosystems articulation and shared value creation
venue: Cadernos EBAPE.BR
year: 2019

abstract: Abstract This paper explores the creation of value through the interactions of consumer and professional stakeholders in digital innovation ecosystems. We examine this by applying the methodological approach of Social Media Analytics (SMA) which is an interdisciplinary approach that seeks to combine, extend and adapt methods for analysing social media data. By utilising the SMA framework to track user generated contents published on social media platforms, we assess how consumer and professional stakeholders associate value to Storytel, a new entrant in the Swedish publishing industry that is offering digital subscription service for streaming audiobooks. Drawing from a dataset of 2633 user generated contents, our findings illustrate the value creating practices in which stakeholders in Storytel's ecosystems associate value to Storytel's digital innovation. Our findings further highlight that the value creating practices arising from the interactions of consumer and professional stakeholders in social media give rise to the hybridisation of value, where multiple values drawn from existing value categories become merged in the studied case. This study contributes to extant literature on management of innovation and information systems by (i) shedding light on how value is created by examining value creating practices as a result of the interactions between stakeholders and (ii) examining the resulting merging of value categories within digital innovation ecosystems and thus exploring the hybridisation of value.
author_names: Yuliani Suseno

Christofer Laurell

Nathalie Sick
title: Assessing value creation in digital innovation ecosystems: A Social Media Analytics approach
venue: J. Strateg. Inf. Syst.
year: 2018

abstract: This article aims to uncover the processes of developing sustainable business models in innovation ecosystems. Innovation ecosystems with sustainability goals often consist of cross sector partners and need to manage three tensions: the tension of value creation versus value capture, the tension of mutual value versus individual value, and the tension of gaining value versus losing value. The fact that these tensions affect all actors differently makes the process of developing a sustainable business model challenging. Based on a study of four sustainably innovative cross sector collaborations, we propose that innovation ecosystems that develop a sustainable business model engage in a process of valuing value in which they search for a result that satisfies all actors. We find two different patterns of valuing value: collective orchestration and continuous search. We describe these patterns and the conditions that give rise to them. The identification of the two patterns opens up a research agenda that can shed further light on the conditions that need to be in place in order for an innovation ecosystem to develop effective sustainable business models. For practice, our findings show how cross sector actors in innovation ecosystems may collaborate when developing a business model around emerging sustainability oriented innovations.
author_names: Inge Oskam

Bart Bossink

Ard-Pieter de Man
title: Valuing Value in Innovation Ecosystems: How Cross Sector Actors Overcome Tensions in Collaborative Sustainable Business Model Development
year: 2020

abstract: Business ecosystems are an emergent type of organizational form that can be defined as "the alignment structure of the multilateral set of partners that need to interact in order for a focal value proposition to materialize" (Adner in Journal of Management 2017) Gulati, Puranam, and Tushman (Strategic Management Journal 33(6) 571 586, 2012) have identified such ecosystems as a novel type of organizational form, which combines open membership boundaries with a highly stratified and more hierarchical decision making. Such new organizational forms are increasingly important in highly competitive global industries (Ilinitch, D'Aveni, and Lewin in Organization Science 7(3) 211 220, 1996; Volberda in Organization Science 7(4) 359 374, 1996) A key decision for firms managing a business ecosystem is how to design such governance decisions, as they can impact the rate and degree at which innovations arise and value is created. This chapter focuses on how firms manage these interdependencies with other actors that emerge in business ecosystems, and how the strategic management of such interdependencies affects innovation and value creation in business ecosystems.
author_names: Hassan Usama Khan Sherwani

Richard Tee
title: Innovation and Value Creation in Business Ecosystems
year: 2018

author_names: Sanna Ketonen-Oksi

Katri Valkokari
title: Innovation Ecosystems as Structures for Value Co Creation
venue: Technology Innovation Management Review
year: 2019