Harnessing soft innovation resources leads to neo open innovation
Autor: | Yuji Tou, Pekka Neittaanmäki, Chihiro Watanabe, Kuniko Moriya |
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Jazyk: | angličtina |
Rok vydání: | 2019 |
Předmět: |
Sociology and Political Science
020209 energy tuottavuus Human Factors and Ergonomics 02 engineering and technology digital economy Education innovaatiotoiminta dilemma 0502 economics and business 0202 electrical engineering electronic engineering information engineering Economics Digital economy Dynamism Business and International Management soft innovation resources digitalisaatio Productivity neo open innovation Open innovation 05 social sciences uusi talous Investment (macroeconomics) Virtuous circle and vicious circle Dilemma Information and Communications Technology productivity decline Economic system 050203 business & management |
Popis: | Advancement of the digital economy has transformed the concept of the growth crossover in nations and firms, both concerning input and output. Advanced economies have been confronting a dilemma between input increases and output decreases. Contrary to traditional expectations, excessive increase in input has resulted in a productivity decline in output. A solution to this dilemma can only be expected by harnessing the vigor of soft innovation resources that lead to neo open innovation in the digital economy. This paper attempts to demonstrate this hypothetical view. Based on an empirical analysis of the development trajectories of 140 countries and 500 global ICT firms, dynamism, resulting in bipolarization between a virtuous cycle and a vicious cycle between input increases and productivity enhancement, was discovered. Furthermore, an empirical analysis focusing on the development trajectories of two world ICT leaders, Finland and Singapore, identified a mechanism of neo open innovation that assimilates soft innovation resources into a national production system. This mechanism can substitute for research and development (R&D) and removes structural impediments to growth while providing relief from the increasing burden of R&D investment. The above findings provide insightful suggestions for drafting a roadmap towards neo open innovation in the digital economy. peerReviewed |
Databáze: | OpenAIRE |
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