{"title":"The Ecosystem Strategy: Disruptive Business Model Innovation","authors":"D. Fasnacht","doi":"10.5167/UZH-205222","DOIUrl":"https://doi.org/10.5167/UZH-205222","url":null,"abstract":"The fourth industrial revolution has long since begun and is leading to an economic reorganization with significant changes for organizations, leadership, and society. With increasing global competition, established companies would be forced out of the market if they do not collaborate with agile innovators from outside their industries. This article contains instructions on how existing and disruptive business models can be combined with an ecosystem strategy and used as an opportunity. Case examples and practical models guide managers to identify and evaluate ecosystem strategies to generate new added value for the next generation of customers. \u0000 \u0000Note: This paper is an enhanced and translated version of an article originally published under the title \"Die Oekosystemstrategie\" in Zeitschrift Fuhrung und Organisation (zfo), Vol. 89, No. 3, June 2020, pp. 168-173. The publication is a highly respected peer-review journal, focusing on leadership and organization./","PeriodicalId":282170,"journal":{"name":"IRPN: User Innovation (Topic)","volume":"44 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-06-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126144115","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Path for a Hungarian University to Become a Learning Organisation","authors":"Réka Barabás, Z. Pupp","doi":"10.2139/ssrn.3283753","DOIUrl":"https://doi.org/10.2139/ssrn.3283753","url":null,"abstract":"Ever since the Lisbon Summit in 2000, the European Comission has treated universities as engines of economic development. The University of the 21st century has to foster an entrepreneurial culture and encourage students to develop entrepreneurial initiative and seek innovation, and university needs to adapt its academic services to to market realities, managing this process. Due to various resasosn, e.g., universities operate supported by state, and could in the same time function as entrepreneurial organisations. However, universities do not have the pressure for performance improvement, as in the market-driven sector, mainly since enrolment is centralized, indicating that university reforms in Hungary are inevitable. Szechenyi Istvan University has maintained and developed a cooperation with Audi Hungaria for the last 20 years which has permitted the establishment of an extended cooperation network in the region with many actors of the economic sector. From this point of view, we analyse the opportunities and needs of Hungarian universities to change, develop and to search for a way for our university to become a successful learning organisation.","PeriodicalId":282170,"journal":{"name":"IRPN: User Innovation (Topic)","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-09-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132796823","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Entrepreneurship: An Assessment","authors":"C. Mayer, D. Siegel, M. Wright","doi":"10.1093/OXREP/GRY020","DOIUrl":"https://doi.org/10.1093/OXREP/GRY020","url":null,"abstract":"This article reviews evidence of the impact of entrepreneurship on job creation, gender and race discrimination, university spinoffs, growth, economic geography, finance and the public sector. It defines entrepreneurship, corrects some conventional wisdoms about it and discusses policy implications of the evidence on its determinants and effects. The article suggests that the distinctive nature of entrepreneurship raises theoretical, empirical and policy issues that the existing literature has not even begun to address to date.","PeriodicalId":282170,"journal":{"name":"IRPN: User Innovation (Topic)","volume":"59 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-08-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126401808","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Target Date Fund Benchmarks","authors":"Ronald J. Surz","doi":"10.2139/ssrn.3195904","DOIUrl":"https://doi.org/10.2139/ssrn.3195904","url":null,"abstract":"At $2 trillion and growing, target date funds have become the most important investment in 401(k) plans, yet these funds are still in their infancy, having effectively launched with the Pension Protection Act of 2006. Importantly there is not yet a standard benchmark for evaluating TDF performance. Nevertheless, fiduciaries must monitor and evaluate their TDF selection. \u0000This article describes the benchmarks that are currently available and offers some guidance on selecting the appropriate benchmark. Fiduciaries should align the objectives of their TDF with those of the benchmark, and confirm that the benchmark glide path and underlying allocations are in line with the TDF that is being evaluated.","PeriodicalId":282170,"journal":{"name":"IRPN: User Innovation (Topic)","volume":"24 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-06-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125447365","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Economic Performance of Innovations in a Collaborative Setting: The Case of KIBS Firms","authors":"Anna Cabigiosu, Diego Campagnolo","doi":"10.2139/ssrn.2901529","DOIUrl":"https://doi.org/10.2139/ssrn.2901529","url":null,"abstract":"Collaborative innovation literature shows that collaborating with clients enhances the innovation performance of firms particularly as regard the development of highly new products. In this setting, are highly new products the innovation category that drives the most firm’s performance? This is a relevant research question in the innovation literature since it warns about the risks and limits of highly new products but has not considered the firm’s performance implications of different categories of innovations developed by collaborating with clients. In this paper we consider different categories of innovation, product and process innovations new to the industry and new to the firm respectively, and develop original hypotheses about their implications over firm’s performance. We develop and test our hypotheses on a sample of 99 Italian KIBS firms. We focus on KIBS firms since they are used to customize their services and collaborate with clients during the development of new services. Results support the idea that highly innovative product innovations are more strongly associated with a KIBS firm’s growth, while weakly innovative process innovations are more strongly associated with a KIBS firm’s productivity, but only in small firms. Theoretical and managerial implications for collaborative innovations settings are drawn.","PeriodicalId":282170,"journal":{"name":"IRPN: User Innovation (Topic)","volume":"91 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123762311","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Rebalancing Interests and Power Structures on Crowdworking Platforms","authors":"A. Al-Ani, S. Stumpp","doi":"10.14763/2016.2.415","DOIUrl":"https://doi.org/10.14763/2016.2.415","url":null,"abstract":"Crowdwork on virtual platforms is developing into a recognisable employment and business model on the internet. Despite their many differences, the platforms that have emerged over the last few years have one thing in common: a crowd of individual producers and capabilities is mobilised – in the form of labour, accommodation or durable goods – onto the market in cooperation and competition with firms from traditional industries. This study analyses the factors crowdworkers consider relevant in their work and the measures they view as helpful in improving their working relationship with platforms. It is apparent that, in the best tradition of the peer economy, this new type of worker still considers learning and fun important factors for his or her engagement. Despite these effectively intrinsic factors, workers are quite aware of their situation, which does not put them on equal terms with the platform’s algorithms and customer focus. This awareness of power disparities does not lead them, however, to reconsider their effectiveness when it comes to renegotiating terms with the platform: when specifically asked about the role of unions, the majority of crowdworkers did not expect help in self-organisation from these institutions. Considering the difficulties in regulating the market for platforms, (self-) organisation of crowdworkers, however, is an important prerequisite in rebalancing the power structure dominated by platform owners and their customers. Selforganisation is something digital natives are quite familiar with and we have to assume that crowdworkers are perhaps overconfident in their abilities. And due to the novelty of this industry, this confidence has not been shaken yet by labour disputes or even by growing dissatisfaction with platforms.","PeriodicalId":282170,"journal":{"name":"IRPN: User Innovation (Topic)","volume":"71 3-4","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"120895603","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"App Installs on iOS and Android: Cross Platform Spillover","authors":"Ayman Farahat, Tarun Bhatia","doi":"10.2139/ssrn.2759557","DOIUrl":"https://doi.org/10.2139/ssrn.2759557","url":null,"abstract":"There are two main platforms for mobile applications, Apple iOS and Android. Using data from 6 applications with hundreds of millions of users, we first show that the shocks that impact installs on one platform are correlated with the shocks on the other platform with an average correlation coefficient of 0.374. A simultaneous equations model to measure the impact of cross platform installs shows that Android adoption drives iOS adoption with average elasticity coefficient of 0.924. However, we find no evidence that iOS adoption has an impact on Android adoption. Several managerial implications for advertisers and application developers are discussed.","PeriodicalId":282170,"journal":{"name":"IRPN: User Innovation (Topic)","volume":"16 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-04-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127865246","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Supply Chain Positioning and Innovation: Taiwan's Challenge","authors":"Tain-Jy Chen","doi":"10.2139/ssrn.2745505","DOIUrl":"https://doi.org/10.2139/ssrn.2745505","url":null,"abstract":"We argue that supply chain positioning affects the ability and scope of innovation. This is so because positions on the supply chains affect the access to knowledge and the ability to appropriate the value coming out of innovation. Knowledge determines the capability of innovation and appropriation power determines the incentive of innovation. Most Taiwanese firms position themselves as suppliers of intermediate goods. They innovate in collaboration with end users that are typically brand marketers of final goods and services. Their innovations manifest several characteristics that are closely associated with their position on the global value chains.","PeriodicalId":282170,"journal":{"name":"IRPN: User Innovation (Topic)","volume":"53 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-01-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124740618","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
F. Cossío Silva, Manuela Vega-Vázquez, M. A. Revilla Camacho
{"title":"The Customer's Perception of Value Co-Creation. The Appropiateness of Yi and Gong's Scale in the Spanish Context","authors":"F. Cossío Silva, Manuela Vega-Vázquez, M. A. Revilla Camacho","doi":"10.7200/ESICM.153.0471.1","DOIUrl":"https://doi.org/10.7200/ESICM.153.0471.1","url":null,"abstract":"This work is centered on the validating of Yi and Gong’s 2013 scale for measuring value co-creation behavior from the customer’s perspective. The recommendations of Camison and Bou (2000) are followed. To do so, the measurement instrument’s flexibility and validity are valued, using a sample of 374 users of services related to personal care. The results confirm the scale’s multidimensionality for the Spanish context. However, they show that there are five dimensions and fifteen items, compared to the original scale’s twenty-nine items and five dimensions. The main contributions stem from the development of the scale whenever its acceptation requires showing its stability in different environments and situations. Regarding management implications, the study contributes to facilitating the measurement of the degree of customers’ active participation in the service’s delivery and provision. This question is considered to be of great importance to increase the customer’s involvement with, and commitment and loyalty toward, the organization.","PeriodicalId":282170,"journal":{"name":"IRPN: User Innovation (Topic)","volume":"6 1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123803182","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Law and Economics of Hedge Funds: Financial Innovation and Investor Protection","authors":"Houman B. Shadab","doi":"10.15779/Z387S20","DOIUrl":"https://doi.org/10.15779/Z387S20","url":null,"abstract":"A persistent theme underlying contemporary debates about financial regulation is how to protect investors from the growing complexity of financial markets, new risks, and other changes brought about by financial innovation. Increasingly relevant to this debate are the leading innovators of complex investment strategies known as hedge funds. A hedge fund is a private investment company that is not subject to the full range of restrictions on investment activities and disclosure obligations imposed by the federal securities laws, that compensates management in part with a fee based on annual profits, and typically engages in the active trading of financial instruments. Hedge funds engage in financial innovation by pursuing novel investment strategies that lower market risk (beta) and may increase returns attributable to manager skill (alpha). Despite the funds’ unique costs and risk properties, their historical performance suggests that the ultimate result of hedge fund innovation is to help investors reduce economic losses during market downturns. In 2008, as losses from the U.S. subprime mortgage market transformed into an international financial crisis, the value of global equities dropped 42 percent while hedge funds worldwide lost a comparatively smaller 19 percent for their investors. By increasing investors’ ability to maximize risk-adjusted returns, hedge funds advance the same goal that federal investor protection regulation seeks to advance. This Article argues that the beneficial outcomes hedge funds attain for their investors are largely attributable to the legal regime under which they operate. The hedge fund legal regime includes not only federal securities law but also the entity and contract law provisions governing the fund, its manager, and its investors. Federal law applicable to hedge funds enables the funds to pursue innovative investment strategies employing the trifecta of leverage, short sales, and derivatives. The entity and contract law governance of hedge funds provides high-powered incentives for fund managers to engage in and capture the gains from financial innovation.A general lesson from the law and economics of hedge funds is that when a legal regime permits financial intermediaries to be flexible in their investment strategies and aligns the incentives of investors and innovators through performance fees and co-investment by managers, financial innovation is likely to complement investor protection without wide-ranging regulation. The role of hedge funds in advancing the same goal as investor protection regulation suggests that they should legally be available to a broader class of investors.","PeriodicalId":282170,"journal":{"name":"IRPN: User Innovation (Topic)","volume":"15 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2008-03-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128157471","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}