{"title":"Towards a Better Understanding of the Key Elements Driving the Innovativeness of the Mineral Resources Industry: A Literature Review","authors":"M. D. du Plessis, M. Pretorius","doi":"10.23919/PICMET.2017.8125370","DOIUrl":"https://doi.org/10.23919/PICMET.2017.8125370","url":null,"abstract":"It is perceived by a wide sphere of stakeholders, including the public, that the Mineral Resources (MR) industry is slow to adapt to the increasing challenges it faces. Technologies like advanced automation and the \"internet of things\", could already have significantly improved the operating practices and the overall performance of the industry. There is a need for research on how the MR industry can accelerate innovation processes to improve its performance. This paper aims to share insight into the validity of these perceptions, the uniqueness of the challenges the industry faces and to identify the key elements that must be addressed to improve the innovative capacity of the industry. Some industry successes in technology development and innovation are analyzed and lessons from these successes are shared. It is clear from the literature that various informed parties do agree that the MR industry underperform with relation to innovation. Academic studies, reports from managing consulting firms and environmental, social and corporate governance reports confirm this. The literature study also confirms that there are unique features inherent to this industry constraining innovation. Features such as the static nature of ore deposits that results in relatively fixed mine layouts and exploitation plans, large capital requirements, long term supply contracts and extended mine development and technology development cycles of up to ten years. The generic elements for successful innovation and its interdependencies are determined and reflected in the paper. The innovation management practices of the MR industry have been studied and the analysis thereof is discussed. A comparison was drawn between generic innovation management elements and the MR industry practices. The gaps were identified and are discussed as the outcome of this paper. This literature study will form the basis of a follow-up study to develop a comprehensive and integrated innovation management framework for the Minerals Resources industry.","PeriodicalId":438177,"journal":{"name":"2017 Portland International Conference on Management of Engineering and Technology (PICMET)","volume":"66 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133972961","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":"Study on Assessment Model for Emerging Technology Maturity","authors":"Wei Wang, Yun Liu, Shuhan Liu","doi":"10.23919/PICMET.2017.8125278","DOIUrl":"https://doi.org/10.23919/PICMET.2017.8125278","url":null,"abstract":"Technology maturity refers to the general availability of individual technology or technology systems in the research and development process. Emerging technology is a kind of technology which is developing or newly appeared, though the great impact it may have on economic structure or the development in one or several industries, it also shows the uncertainty in marketing, management and other aspects. Thus, the evaluation of technology maturity has become an important part of emerging technology forecasting and technology foresight. By studying the assessment method of technology maturity of weapon equipment which is developed by Department of Defense of United States, this paper will present a useful reference to establish assessment model for technology maturity in emerging technology area.","PeriodicalId":438177,"journal":{"name":"2017 Portland International Conference on Management of Engineering and Technology (PICMET)","volume":"45 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130928459","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":"Technology Management of Capital Assets and Risks in the Service Sharing Economy: Cases of Uberization of Crowdfunding and Transportation in Mexico","authors":"L. Corona-Treviño","doi":"10.23919/PICMET.2017.8125266","DOIUrl":"https://doi.org/10.23919/PICMET.2017.8125266","url":null,"abstract":"Firms such as AirBnB, Uber, Blablacar have platforms for connecting owners of underused assets with clients through, the internet, thus allowing people to rent out their spare rooms, or book relay rides by acting as matchmakers, allocating resources where they are needed and charging a percentage of the cost in return. This phenomenon could be regarded from the point of view of: 1) Internet technology evolution from a network of computers to a network of people devoted to sharing their knowledge and user experience, coming further, as the Internet of Things (IoT), and 2) as part of the increasing involvement of he user (consumer/client) in production and innovation processes. These approaches allow us to analyze service-user Platform firms according to the different kinds of specific assets distribution and risks. The new organization is based on internet platform tools which integrate information, machinery, energy, and science, and costumer collaboration. We conclude that there are large profits for those firms based on platforms, as there are not yet any counterbalances through competition, posing the question about the needed or not of technology management regulation during this phase of service sharing economy. A selection of 17 service platform firms in Mexico involved in transportation and crowd funding are described on the basis of their business model, the market and the distribution of assets and income.","PeriodicalId":438177,"journal":{"name":"2017 Portland International Conference on Management of Engineering and Technology (PICMET)","volume":"16 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134350281","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":"An Analysis of the Service Ecosystem of the Japanese Pay-Television Industry from the Perspective of Service Dominant Logic","authors":"Shuji Sudo, Yasunobu Ito","doi":"10.23919/PICMET.2017.8125346","DOIUrl":"https://doi.org/10.23919/PICMET.2017.8125346","url":null,"abstract":"The purpose of this paper is to analyze the circumstances surrounding pay-TV industry in Japan. According to SDL (Service Dominant Logic) theory, the paper considers the industry as a service ecosystem that is a self-adjusting system of components connected by service exchange. The study analyzes and illustrates the ecosystem using information from audience measurements by TV viewing meter and survey, media marketing research, economic statistics, observation of marketing activities and interviews with businesspersons in the industry. This paper argues that it is meaningful to consider the situations surrounding the pay-tv industry as a service ecosystem that consists of various components such as platforms, cables, satellites, channels, productions, TV sets, set top boxes, and family viewers. This consideration has to lead to a better understanding of the situation where each component is mutually nested. The paper concludes that although competitive video on demand services on the web are expanding gradually, the coverage rate of pay-tv remains stable in the Japanese market. The pay-tv ecosystem embraces strength to survive in the market for the moment due to attributes of audience and its prevention system against churn.","PeriodicalId":438177,"journal":{"name":"2017 Portland International Conference on Management of Engineering and Technology (PICMET)","volume":"145 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114376334","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":"Venture Capital and Patent Activities in China: Multi-Case Study in Bio-Pharmaceutical Industry","authors":"Ying Guo, Lili Zhang, Y. Qian, Chaojun Yang","doi":"10.23919/PICMET.2017.8125336","DOIUrl":"https://doi.org/10.23919/PICMET.2017.8125336","url":null,"abstract":"Patents signal a start-up's technological and innovative capability. Venture Capital (VC) investors can evaluate the true potential and behavior of start-ups through their patents. While, VC would have effect in enterprises' innovation output. The detailed interaction between VC and patent activities in China is different and attractive. This paper tries to explore this relationship in two levels, describing the overall investment of China as descriptive analysis and multi-case study as exploratory analysis. We first got a full-view perspective of VC investments amount and industry distribution in China. Then we looked into 57 companies in bio-pharmaceutical industry and divided them into four groups, already in a good track when getting VCs, holding patents when the companies are founded, getting innovation (patents) by mergers and acquisitions, and don't care patents much. By analyzing the interaction between VC and patent activities of four typical companies, we got four characteristics, which could be referenced by both companies and investors in making decisions.","PeriodicalId":438177,"journal":{"name":"2017 Portland International Conference on Management of Engineering and Technology (PICMET)","volume":"106 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114388864","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 Spatio-Temporal Pattern Evolution of Climate Technology Innovation of China's Potential Strategic Docking Countries","authors":"Zhiyun Ma, Yun Liu, Zhe Yan, Xu Bai, Xiaomei Ding","doi":"10.23919/PICMET.2017.8125268","DOIUrl":"https://doi.org/10.23919/PICMET.2017.8125268","url":null,"abstract":"Technology provides effective means for response to the climate change while technology innovation is a headspring and strong driving force for national development. In this paper we examined the Spatio-Temporal dynamic evolution process, pattern and character of climate technology innovation of China's strategic docking state by evaluation of the invention patents authorization using Theil index method and spatial econometric model. The analysis was conducted explored on the three levels of time, space and the effect of geographically proximate base on national space unit. The result indicated that the difference in climate technology innovation of different countries is expanding and shows a strong stability high and low level convergence club. The lower the gaps in innovation level of different countries, the higher probability of climate technology transfer and vice versa. There is geographical proximity effect of climate technology innovation, particularly among low innovation countries.","PeriodicalId":438177,"journal":{"name":"2017 Portland International Conference on Management of Engineering and Technology (PICMET)","volume":"58 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115084527","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":"Assessing Intangibles in Lean Start-Ups Using Repertory Grids","authors":"E.D. de Leon, P. Guild","doi":"10.23919/PICMET.2017.8125318","DOIUrl":"https://doi.org/10.23919/PICMET.2017.8125318","url":null,"abstract":"The assessment of intangibles in business plans by investors is an important factor of recent interest, particularly in the evaluation of early-stage technology-based ventures. On one hand, investors are challenged to properly assess new opportunities. At the same time, entrepreneurs or innovators face the formidable task of communicating what is, sometimes, nothing more than just an 'extraordinary' idea. In such situations, the decision to continue with the due diligence process, and finally to invest, is based frequently on those aspects that are intangible. In an attempt to reveal some of the intangibles assessed by investors and communicated by entrepreneurs, an investigation was conducted using repertory grid, a technique based on personal construct psychology. Five venture capitalists and five entrepreneurs were interviewed. Evidence was found for the importance of intangibles during the investment-decision process of early stage technology-based ventures. For these ventures, the consideration of only tangible criteria is not a guaranteed predictor of success. The repertory grid technique makes a significant contribution to the identification of intangibles assessed by investors and communicated by entrepreneurs.","PeriodicalId":438177,"journal":{"name":"2017 Portland International Conference on Management of Engineering and Technology (PICMET)","volume":"30 26 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114644426","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}
Arun Bhatia, Juchun Cheng, Sadaf Salek, Vidhi Chokshi, A. Jetter
{"title":"Improving the Effectiveness of Fuzzy Front End Management: Expanding Stage-Gate Methodologies through Agile","authors":"Arun Bhatia, Juchun Cheng, Sadaf Salek, Vidhi Chokshi, A. Jetter","doi":"10.23919/PICMET.2017.8125390","DOIUrl":"https://doi.org/10.23919/PICMET.2017.8125390","url":null,"abstract":"More now than ever before, product development has become more challenging and complex with all the globalization around business today. Understanding the requirements of unfamiliar markets can be very challenging for organizations trying to speed-up their innovations. Also with the advent of globalization there is pressure on everyone to perform better and roll out new products in the market. The fuzzy front end process is very dynamic and unstructured process. By taking advantage of the key characteristics of Agile and Stage-Gate model, an Integrated Agile- Stage- Gate Hybrid model was developed which could help in improving the effectiveness of the fuzzy front end process. The goal of this research is to improve the effectiveness of Fuzzy Front End innovation process by expanding Stage-Gate methodologies through Agile. In order to do this, literature review was done to understand and review various Stage-Gate approaches, focusing on the problems of the Stage-Gate model and solutions provided by the succeeding frameworks. The key contribution of the research is an assessment of different Stage- Gate models which has been developed over the years focusing on their problems and the solutions given by Agile to resolve these problems. Recommendations are made in the end accordingly.","PeriodicalId":438177,"journal":{"name":"2017 Portland International Conference on Management of Engineering and Technology (PICMET)","volume":"8 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114693579","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":"Research on the External Environmental Impact Factors of P2P Lending Industry's Regional Differences in China","authors":"Tingyu Zheng, Tao Wang, Zhiyun Ma","doi":"10.23919/PICMET.2017.8125374","DOIUrl":"https://doi.org/10.23919/PICMET.2017.8125374","url":null,"abstract":"Recently, the Internet Finance is developing at a high speed as the fusion and innovation product of financial industry and Internet industry. However, the financial ecology and policy environment is different in each region of China. As a result, the development of Internet Finance in different areas of China have presented obvious regional differences. As an important form of Internet Finance, the development of P2P (Peer-to-Peer) lending also presents regional differences. Related research has been mainly focused on the risks, legal supervision and development status of P2P lending. There is lack of research on the track of development, regional differences and impacts of P2P lending. In this paper, it is based on each area's comprehensive development index of P2P lending in 2014 from \"www.WDZJ.com\". Through the measurement and calculation of economic environment index, credit environment index, financial environment index, legal environment index and education level and regression analysis of these indexes, it is found that all these five indexes have indirectly caused the regional differences as the external environmental factors in different aspects. Furthermore, economic environment index, credit environment index and financial environment index have been identified as direct external environmental impact factors and its mechanism have been also studied.","PeriodicalId":438177,"journal":{"name":"2017 Portland International Conference on Management of Engineering and Technology (PICMET)","volume":"352 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131800432","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":"Utilizing IEC61850 Standard and the Generic Object Orientated Substation Event Facility in Modern Protection and Control Devices","authors":"Tumelo Motsei, L. Erasmus, J. Pretorius","doi":"10.23919/PICMET.2017.8125466","DOIUrl":"https://doi.org/10.23919/PICMET.2017.8125466","url":null,"abstract":"IEC61850 technology has proved to be the future of communications in the power system protection environment. The numerous benefits of IEC61850 overshadow what the current widely used DNP3 technology has to offer. This paper is concerned with the investigation of the electrical protection communications technology which will be most beneficial to power utilities. In evaluating the two communication design alternatives, IEC61850 and DNP3, the research relied on theory, laboratory experiments, probability models and equipment purchase data. Analytical analysis of the two designs was carried out using a Monte Carlo approach whereby the stochastic weights of the seven evaluation criteria used in this research were presented as inputs to Monte Carlo analysis. The Simple Additive Weighting (SAW) strategy was employed as a deterministic model within Monte Carlo to evaluate the probability of IEC61850 being the most preferred technology over DNP3 or DNP3 over IEC61850 conversely. Three worst case scenarios of preferences were used during Monte Carlo evaluation. It was found through statistical analysis of the analytically obtained overall results that the probability of DNP3 technology being beneficial over IEC61850 was 0.54 in one of the worst case scenarios. In the other two worst case scenarios the probability of IEC61850 being the most desirable technology was found to be 0.52 and 0.59.","PeriodicalId":438177,"journal":{"name":"2017 Portland International Conference on Management of Engineering and Technology (PICMET)","volume":"3 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133864015","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}