Consequences of technology and social innovation on traditional business model

Vrontis, Demetris; Morea, Donato; Basile, Gianpaolo; Bonacci, Isabella; Mazzitelli, Andrea

doi:10.1016/j.techfore.2021.120877

Cited by 39 publications

(35 citation statements)

References 96 publications

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“…Product design is integrated with an innovation theory and regarded as the core of research and development CAI technology [ 4 ]. Vrontis and others emphasized that CAI technology is a key area of computer-aided technology, compiled and analyzed the relevant CAI technology's tools and current state of development, and completed the product optimization design using a combination of market analysis findings and problem-solving techniques, which altered the conventional innovation mode [ 5 ]. Supyan et al utilizing the open innovation approach employed by the corporation in recent years; Cai 2 0 software developed a collectively based intelligent framework, problem-solving process, and collaborative assistance, explored knowledge acquisition, reuse, and capitalization, and tested the method utilizing biomass [ 6 ].…”

Section: Literature Reviewmentioning

confidence: 99%

Research on Computer-Aided Product Design Technology

Song

2022

Computational Intelligence and Neuroscience

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As globalization picks up speed, product innovation—the driving force behind business growth and market competition—becomes increasingly important for advancing product design technology. Computer-aided technology is one of the key components of product design, including issues with scientific analysis, creative thinking, problem-solving, and handling conflicts. Product design technology is gaining more and more attention. Computer-aided technology is now a trendy topic that is being studied by many academics due to the quick growth of computer technology. However, most of them focus on the product information model and solution and do not start from the technical methods and innovation of product design, resulting in many problems in the later solution and information description. Therefore, this paper studies product technology problems based on computer-aided technology and briefly explains the CAI technology-driven technology and the establishment of integrated process model. In this model, the assembly information model diagram is constructed to analyze the conflicts and problems in the assembly model, and then, the CAI-driven integrated innovation technology is called to complete the assembly model design. Conflicts in the assembly design can be minimized by using this paradigm. Finally, the qualitative examination of product design reveals that brainstorming is the process that uses the least amount of energy. The shafting assembly system is reviewed and examined at the same time, and the assembly accuracy accounts for the highest 35 percent of the system, completely indicating the extraordinary impact of computer-aided product design.

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Section: Literature Reviewmentioning

confidence: 99%

Research on Computer-Aided Product Design Technology

Song

2022

Computational Intelligence and Neuroscience

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“…Such findings show that the growing phenomenon of digital platforms is increasingly relevant for the innovation of the tourism industry (Gössling, 2020). In its digital form, a hackathon platform should develop and effectively organize the right technology to develop such a process of innovation generation, while carefully selecting the most relevant and useful stakeholders to achieve the goal of generating new solutions to economic and social issues (Vrontis et al , 2021). In addition, hackathons should be able to create the right stimuli to all the participants involved overcoming barriers typical of online peer relationships.…”

Section: Discussionmentioning

confidence: 99%

“…First, findings highlighted how hackathon platforms emerge as useful citizen engagement tools (Cappa et al , 2020a, b; Sigala and Ukpabi, 2019) by showing the organization and the processes needed to engage several diverse actors in carrying out collaborative innovation generation. In addition, the analysis shows that hackathons can address social problems towards a sustainable value creation (Orefice and Nyarko, 2020; Vrontis et al , 2021) not just in ordinary periods but also in time of crises. Indeed, the possibility of developing a hackathon in an online form shows the speed with which it is possible to address unexpected shocks by involving the most relevant parties involved in a given context, towards the adoption of shared innovative solutions.…”

Section: Discussionmentioning

confidence: 99%

Boosting innovative business ideas through hackathons. The “Hack for Travel” case study

Franco

Presenza

Petruzzelli

2021

EJIM

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PurposeTechnological platforms encourage the exchange of knowledge and creation of new ideas that create new value for participating members who pool and combine their knowledge, facilities, tools and skills, thus contributing to the development of innovative solutions. This paper focuses on hackathon platforms, working as open innovation intermediaries, investigating their role and functions and exploring how they encourage the collaboration and the innovativeness among participants in order to boost their innovative new ideas.Design/methodology/approachThe research method is a qualitative design that includes in-depth interviews of ten stakeholders that play different roles in “Hack for Travel,” the case under analysis. It is a hackathon organized entirely online, as a response to the crisis generated by coronavirus disease 2019 (COVID-19).FindingsFindings revealed six processes developed by the hackathon platform used to effectively organize the event and facilitate participants to cooperate and share knowledge in order to boost the spread of innovative ideas. Results identify how hackathons should be organized and through which processes they work as innovation platforms.Originality/valueThis is one of the first attempts to study the increasing phenomenon of hackathons, providing theoretical contribution and practical implications about their role in developing innovation.

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“…Vrontis et al pay attention to the growing interest in recent years in social innovations on the part of enterprises. The authors write that "the growing presence of new players-beside those belonging to the institutional and third sectors-committed to supporting social and environmental causes through innovative approaches and tools leads to the profile of a for-profit enterprise increasingly committed to the pursuit of social goals" [16]. On the other hand, however, the authors of Oxford Business School emphasize that apart from the practical sphere, there are still surprisingly few scientific publications on social innovations, compared to the huge number of studies on innovations in business and science [17].…”

Section: Literature Review-potential Of Simentioning

confidence: 99%

The Potential and Need to Implement the New Concept of Social Innovation into the Management Practice of Modern Energy Companies

Pabian

Bilińska–Reformat

2021

Energies

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The research results presented in the paper show that it is important that not only state institutions and foundations but also energy companies engage in solving environmental problems by introducing specific social innovations. This need results primarily from the fact that in the environment of energy enterprises, problems of a social nature as well as those related to ecology are observed. The occurrence of social and environmental problems is related to the fact that the solutions developed so far to eliminate them are not fully effective, and the currently functioning political and economic systems as well as financial mechanisms do not sufficiently support the interests of society members and the biological systems of the planet. Hence, people constituting a layer of the social environment of energy companies also expect support from them, in the elimination of specific problems. It appears that the active participation of energy enterprises in counteracting or eliminating social and environmental issues may result in an increase in the economic efficiency of their management systems. Therefore, the benefits may concern not only the environment in which these companies operate, but also the companies themselves.

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Consequences of technology and social innovation on traditional business model

Cited by 39 publications

References 96 publications

Research on Computer-Aided Product Design Technology

Research on Computer-Aided Product Design Technology

Boosting innovative business ideas through hackathons. The “Hack for Travel” case study

The Potential and Need to Implement the New Concept of Social Innovation into the Management Practice of Modern Energy Companies

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