{"title":"Exploring the enablers of data-driven business models: A mixed-methods approach","authors":"Reza Dabestani , Sam Solaimani , Gazar Ajroemjan , Kitty Koelemeijer","doi":"10.1016/j.techfore.2025.124036","DOIUrl":"10.1016/j.techfore.2025.124036","url":null,"abstract":"<div><div>One of the critical objectives underlying the digital transformation initiatives of numerous enterprises is the introduction of novel data-driven business models (DDBMs) aimed at facilitating the creation, delivery, and capture of value. While DDBMs has gained immense traction among scholars and practitioners, the implementation and scaling leave much to be desired. One widely argued reason is our poor understanding of the factors that enable DDBM's effective implementation. Using a mixed-methods approach, this study identifies a comprehensive set of enablers, explores the enablers' interdependencies, and discusses how the empirical findings are of value in DDBMs' implementation from theoretical and practical viewpoints.</div></div>","PeriodicalId":48454,"journal":{"name":"Technological Forecasting and Social Change","volume":"213 ","pages":"Article 124036"},"PeriodicalIF":12.9,"publicationDate":"2025-02-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143373098","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Shizhen Bai , Yongbo Tan , Chunjia Han , Mu Yang , Weijia Fan , Brij B. Gupta , Varsha Arya
{"title":"Sailing through uncertainty: The impact of geopolitical risks on technology adoption in U.S. corporations—A corporate culture lens","authors":"Shizhen Bai , Yongbo Tan , Chunjia Han , Mu Yang , Weijia Fan , Brij B. Gupta , Varsha Arya","doi":"10.1016/j.techfore.2025.124025","DOIUrl":"10.1016/j.techfore.2025.124025","url":null,"abstract":"<div><div>Amid escalating geopolitical tensions, this study investigates how these risks reshape corporate technology adoption strategies in the U.S., focusing on the intersection of geopolitics, technology, and organizational dynamics. Drawing on the Resource-Based View (RBV) theory, we analyzed 32,940 earnings call transcripts from September 1, 2020, to June 30, 2023, using advanced text-based big data analytics, including Word2vec and Structured Topic Modeling (STM). The findings reveal that geopolitical risks significantly influence technology adoption decisions, driving advancements in critical domains such as electric mobility, artificial intelligence, digital currencies, intelligent shipping, and carbon abatement technologies. While these risks pose challenges, they also serve as catalysts for innovation and strategic realignment. Corporate culture emerges as a key moderating factor, with firms possessing a strong technology-oriented culture demonstrating greater adaptability in aligning technology adoption with external pressures. By integrating geopolitical risk considerations into the RBV framework, this research highlights the complex interplay between external uncertainties and internal capabilities, emphasizing the strategic value of an adaptive corporate culture in navigating geopolitical challenges and leveraging technological opportunities.</div></div>","PeriodicalId":48454,"journal":{"name":"Technological Forecasting and Social Change","volume":"213 ","pages":"Article 124025"},"PeriodicalIF":12.9,"publicationDate":"2025-02-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143350015","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Whose call to recall: Institutional pressure, technological capability and product-harm crisis response strategy","authors":"Yang Liu , Zuying Peng , Peng Cheng , Jiumei Chen","doi":"10.1016/j.techfore.2025.124032","DOIUrl":"10.1016/j.techfore.2025.124032","url":null,"abstract":"<div><div>The existing studies have reinforced accommodating (i.e., voluntary product recall) and defensive (i.e., involuntary product recall) product-harm crisis responses. Little attention has been devoted to institutional influences on a firm's product-harm crisis response strategy. This research examines how institutional forces affect firms' accommodating (vs. defensive) product-harm crisis responses. Two distinct studies with different methods have been conducted: Study 1 adopts a set of cross-sectional survey data deriving from 178 top managers in Chinese auto firms; Study 2 takes a set of longitudinal archival data on Chinese automakers during the 2010–2018 period, confirming the results of Study 1. The results demonstrate that mimetic and normative pressures enhance the accommodativeness of product-harm crisis responses, whereas coercive pressure has a negative effect. Furthermore, superior technical capabilities and high crisis severity amplify the positive effects of normative pressure on response accommodativeness. This study contributes to the literature by elucidating the factors that drive accommodating reactions to product safety issues.</div></div>","PeriodicalId":48454,"journal":{"name":"Technological Forecasting and Social Change","volume":"213 ","pages":"Article 124032"},"PeriodicalIF":12.9,"publicationDate":"2025-02-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143328676","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Selection of a crowdfunding platform by entrepreneurs using a multi-criteria approach: an application to green energy investment projects","authors":"Rocío Rocha , Rebeca García-Ramos , Ángel Cobo","doi":"10.1016/j.techfore.2025.124034","DOIUrl":"10.1016/j.techfore.2025.124034","url":null,"abstract":"<div><div>In the context of crowdfunding, one of the most important decisions entrepreneurs face is selecting an online crowdfunding platform (CFP) to seek financing for their projects. However, there is limited knowledge on the characteristics of CFPs, which are often characterized by qualitative factors that are difficult to measure. To fill this gap, this study presented an assessment framework for evaluating CFPs based on the Multiple Criteria Decision-Making (MCDM) theory. We proposed an evaluation and selection model for the most suitable CFP for an investment project based on seven criteria that encompass its main characteristics. By applying the Fuzzy Technique for Order Preference by Similarity to Ideal Solution (fuzzy TOPSIS), we presented a practical application for a green energy investment project within the Spanish context. Focusing on equity CFPs, a final sample of six feasible platforms was evaluated. The results of this study could be of interest to entrepreneurs, investors, and academics as they provide information about the criteria for selecting the best CFP to obtain financing.</div></div>","PeriodicalId":48454,"journal":{"name":"Technological Forecasting and Social Change","volume":"213 ","pages":"Article 124034"},"PeriodicalIF":12.9,"publicationDate":"2025-02-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143328675","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Leandro J. Llorente-González , Josep Pinyol Alberich , Andrea Genovese , Benjamin H. Lowe
{"title":"Towards radical circular economy futures: Addressing social relations of production","authors":"Leandro J. Llorente-González , Josep Pinyol Alberich , Andrea Genovese , Benjamin H. Lowe","doi":"10.1016/j.techfore.2025.123972","DOIUrl":"10.1016/j.techfore.2025.123972","url":null,"abstract":"<div><div>The mainstream narrative associated with the transition to a circular economy is one linked to eco-modernism: paradigmatic change is depicted as an apolitical and technical matter that is fully compatible with growth-led and market-based capitalist logic. As a result of the dominance of this viewpoint, the socio-political foundations of the transition to the circular economy have largely gone unquestioned. This is particularly pronounced regarding how variations in the social relations of production could shape the transition to alternative and more radical futures. This paper aims to address this knowledge gap by incorporating social relations of production into the analysis of circular economy futures. In doing so, a set of nine future circular scenarios is developed by drawing on a typology of five conceptual dimensions that include ownership of the means of production and access to the resulting goods. The typology and the circular scenarios are then validated by a three-part Delphi-like approach. It is argued that the proposed set of scenarios allows a more nuanced understanding of circular economy futures than previous contributions as they provide further insights about key actors and forces of change that could drive the transition to a sustainable society beyond neoliberal capitalism.</div></div>","PeriodicalId":48454,"journal":{"name":"Technological Forecasting and Social Change","volume":"213 ","pages":"Article 123972"},"PeriodicalIF":12.9,"publicationDate":"2025-02-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143328673","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Martin Ho , Henry C.W. Price , Tim S. Evans , Eoin O’Sullivan
{"title":"Enhancing foresight models with network science: Measuring innovation feedbacks within the Chain-Linked Model","authors":"Martin Ho , Henry C.W. Price , Tim S. Evans , Eoin O’Sullivan","doi":"10.1016/j.techfore.2025.124010","DOIUrl":"10.1016/j.techfore.2025.124010","url":null,"abstract":"<div><div>A granular understanding of innovation dynamics is crucial for forecasting how and when different actors within the innovation system can make valuable contributions. Existing theoretical foundations of the foresight practice are largely qualitative and often oversimplify the innovation process. While foresight practitioners acknowledge the existence of knowledge feedback loops, these feedback loops are rarely quantified systematically in empirical forecasting studies. Innovators and funders tend to choose their dyadic relationships but rarely have visibility over the wider, dynamic innovation network. This study enriches innovation theories for the foresight practice by leveraging multilayer citation networks to explore innovation translation pathways, achieved by integrating data from market entries, clinical trials, patents, publications, funders, and grants over a 70-year period. Our analysis shows shifts in the order, prevalence, and tipping points of translation activities as technologies mature, with granularity not described in previous studies. We also examine the distinct funding patterns of major public and private entities throughout this maturation process, revealing their unique contributions and enriching sociotechnical explanations of innovation processes. This study improves the explainability of technology forecasting through innovation theories by reconstructing micro-technical innovation dynamics from first principles.</div></div>","PeriodicalId":48454,"journal":{"name":"Technological Forecasting and Social Change","volume":"213 ","pages":"Article 124010"},"PeriodicalIF":12.9,"publicationDate":"2025-02-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143328674","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Aline Simonetti , Enrique Bigne , Luis Fernando Rico Navas
{"title":"Consumer brand choice in the metaverse: Exploring personal and social factors","authors":"Aline Simonetti , Enrique Bigne , Luis Fernando Rico Navas","doi":"10.1016/j.techfore.2025.124033","DOIUrl":"10.1016/j.techfore.2025.124033","url":null,"abstract":"<div><div>Brands increasingly consider the metaverse a promising touchpoint for customer-brand interactions. This study investigates consumers' willingness to pay for brands in the metaverse when a default-free option exists. It examines how social contexts influence these decisions. Additionally, we assess the similarities between virtual and real-life purchase decisions. We apply the theoretical lenses of psychological motives, including self-identity, group identity, and status, alongside the theory of consumption values to identify drivers of branded purchase decisions. In a cross-cultural survey experiment, participants were asked to choose a phone for their avatars, encountering branded and free-of-charge options. We manipulated the social context (friends or strangers) and recorded preferences for real-life consumption. Results show that most consumers allocate their virtual budget to acquire a branded phone rather than take the free option, regardless of social company. The selected brand often mirrors the brand owned in real life and mostly reflects the brand that best represents the consumer. Status-seeking behavior increases branded-product choices, while group identity motivates choosing a brand that represents the consumer. This study advances the understanding of consumer purchase behavior in the metaverse as an omnipresent virtual extension of real life by highlighting psychological and value-driven mechanisms underlying virtual brand decisions.</div></div>","PeriodicalId":48454,"journal":{"name":"Technological Forecasting and Social Change","volume":"213 ","pages":"Article 124033"},"PeriodicalIF":12.9,"publicationDate":"2025-02-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143328672","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Cybersecurity maturity model: Systematic literature review and a proposed model","authors":"Gülçin Büyüközkan, Merve Güler","doi":"10.1016/j.techfore.2025.123996","DOIUrl":"10.1016/j.techfore.2025.123996","url":null,"abstract":"<div><div>The growing importance of cybersecurity stems from its strategic value to various stakeholders, including individuals, businesses, governments, and society as a whole. Ensuring robust cybersecurity programs and assessing maturity levels is critical for organizational resilience. Cybersecurity maturity models have emerged as essential tools for evaluating readiness and guiding improvements. This study aims to systematically review existing research with bibliometric analysis and propose a cybersecurity maturity model that will help organizations assess their readiness. Web of Science and Scopus databases were searched, and bibliometric networks were visualized and explored using the VOSViewer and Biblioshiny software. This study is one of the first attempts to examine cybersecurity maturity areas using the science mapping approach. The proposed cybersecurity maturity model uses bibliometric analysis, literature searches on academic papers, industry reports, and expert opinions. The proposed cybersecurity maturity model comprises five dimensions, fifteen factors, and five levels. The proposed model is applied to three companies to demonstrate the validity using real-world examples. This study significantly contributes to the body of knowledge on cybersecurity maturity. The proposed model serves as the foundation for future researchers interested in determining cybersecurity maturity. Additionally, practitioners can use the proposed maturity factors to lead their cybersecurity systems.</div></div>","PeriodicalId":48454,"journal":{"name":"Technological Forecasting and Social Change","volume":"213 ","pages":"Article 123996"},"PeriodicalIF":12.9,"publicationDate":"2025-02-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143095524","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Africa's international trade paradox, technology transfer, and value chain upgrade","authors":"Abdoulkadre Ado , Ellis L.C. Osabutey , Paresha Sinha , Ogechi Adeola","doi":"10.1016/j.techfore.2025.124014","DOIUrl":"10.1016/j.techfore.2025.124014","url":null,"abstract":"<div><div>This study examines the paradoxes in trade and global value chain (GVC) in Africa.</div><div>Firstly, we analyzed international trade statistics of selected countries to highlight paradoxes in resource endowments, exports, and imports. We found contrasts between Africa's development potential and its current reality in trade and value capture.</div><div>Secondly, we analyzed the content of reports focused on GVC challenges in four countries. We found that the reports predominantly focused on identifying issues in GVC upgrading in Africa rather than proposing solutions. These challenges, faced by developing economies in critical sectors, were categorized across four dimensions identified in the literature: technological capabilities, firms, government intervention, and joint ventures (JVs).</div><div>Thirdly, we analyzed how to address these GVC upgrade challenges by using interviews from successful GVC upgrade cases in two additional countries. We applied four theoretical dimensions to categorize actions that successfully facilitated GVC upgrading. We found that of all the success factors, government intervention—acting as a shareholder, producer, regulator, and negotiator—was the most critical for successful GVC upgrading. Actions by the state, such as a well-organized early upgrade plan, coercive local expectations toward foreign firms, a winning negotiation approach, and concise JV agreements, were instrumental in these successes.</div></div>","PeriodicalId":48454,"journal":{"name":"Technological Forecasting and Social Change","volume":"213 ","pages":"Article 124014"},"PeriodicalIF":12.9,"publicationDate":"2025-02-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143095533","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Conceptualizing digitalization orientation as a strategic posture – How to boost the impact of digital technologies in businesses: A qualitative good practices approach","authors":"Alexander Kessler , Hermann Frank , Elena Fuetsch","doi":"10.1016/j.techfore.2025.123997","DOIUrl":"10.1016/j.techfore.2025.123997","url":null,"abstract":"<div><div>Due to the far-reaching and multifaceted potential of digital technologies, finding a way to enable digital technologies to unleash their full potential and to create competitive advantages is complex. Family businesses are often particularly careful with accepting innovation and represent insightful cases for analyzing digital transformation. We propose that digital transformation works particularly well when it is anchored as a strategic orientation. We refer to this as digitalization orientation (DO), which builds on fundamental premises that frame important digitalization decisions. By means of an in-depth analysis of four good practices, we identify five dimensions of DO: (1) openness towards digitalization, (2) awareness of data as valuable resources, (3) urge to find customized digital solutions, (4) perseverance in the implementation of digitalization plans, and (5) involvement of employees in the digitalization process. These five dimensions are proposed for research as a basis for a DO scale and for businesses in practice to reflect on promising ways of their digital transformation.</div></div>","PeriodicalId":48454,"journal":{"name":"Technological Forecasting and Social Change","volume":"213 ","pages":"Article 123997"},"PeriodicalIF":12.9,"publicationDate":"2025-02-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143156715","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}