Institutional elasticity as a significant driver of IT functionality development

Watanabe, Chihiro; Kondo, Reiko; Ouchi, Noritomo; Wei, Haihong; Griffy‐Brown, Charla

doi:10.1016/s0040-1625(02)00306-2

Cited by 55 publications

(30 citation statements)

References 12 publications

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“…12). While the former saturates at a certain upper limit (carrying capacity), the later continues to increase, as it is supported by a self-propagating function and led by a dynamically changing upper limit that is induced by the incorporation of new innovations during the development process (Watanabe et al, 2004). Upon examining Table 3, we noted that LGDCC demonstrated a statistically better fit to the development trajectory, with a significant self-propagating function represented by the ratios of a k /a and b k /b which had substantial values of 0.42 and 0.06, respectively.…”

Section: Fig 20 Trends In Technology Knowledge Stock and Market Valmentioning

confidence: 99%

Digitalized bioeconomy: Planned obsolescence-driven circular economy enabled by Co-Evolutionary coupling

Watanabe

Naveed

Neittaanmäki

2019

Technology in Society

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Driven by digital solutions, the bioeconomy is taking major steps forward in recent years toward achievement of the long-lasting goal of transition from a traditional fossil economy to a bioeconomy-based circular economy.The coupling of digitalization and bioeconomy is leading towards a digitalized bioeconomy that can satisfy the shift in consumers' preferences for eco-consciousness, which in turn induces coupling of up-down stream operation in the value chain.Thus, the co-evolution of the coupling of digitalization and bioeconomy and of upstream and downstream operations is transforming the forest-based bioeconomy into a digital platform industry.Aiming at addressing this transformation, a model was developed that explains above mentioned dynamism and demonstrated its reliability through an empirical analysis focusing on the development trajectory of UPM (forest-based ecosystem leader in Europe and a world pioneer in the circular economy) over the last quarter century, highlighting its efforts towards planned obsolescence-driven circular economy.It was comprehended that with the advancement of digital innovations, UPM has incorporated a self-propagating function that accelerates digital solution. Furthermore, this self-propagating function was triggered by coupling with a downstream leader, Amazon, in the United States.The dynamism in transforming a forest-based bioeconomy into a digital platform industry is thus clarified, and new insights common to all industries in the digital economy are provided.

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Section: Fig 20 Trends In Technology Knowledge Stock and Market Valmentioning

confidence: 99%

Digitalized bioeconomy: Planned obsolescence-driven circular economy enabled by Co-Evolutionary coupling

Watanabe

Naveed

Neittaanmäki

2019

Technology in Society

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“…ICT in which network externalities function to alter the correlation between innovations and institutional systems which creates new features of the innovation leading to exponential increase [18]. Schelling [19] portrayed an array of logistically developing and diffusing social mechanisms stimulated by these interactions.…”

Section: Bipolarization Of Ict-driven Development Trajectorymentioning

confidence: 99%

A SOLUTION TO THE DILEMMA BETWEEN R&D EXPANSION AND THE PRODUCTIVITY DECLINE: LESSONS FROM THE R&D MODELS IN AMAZON AND FINLAND

Tou¹,

Watanabe²,

Moriya³

et al. 2019

IJMIT

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As a consequence of the two-faced nature of information and communication technology (ICT), a majority of ICT leaders have been confronting the critical problem of a dilemma between R&D expansion and productivity decline in the digital economy. However, Amazon has been able to accomplish a skyrocketing increase in R&D and market capitalization. Finland has also accomplished balanced advancement not only of welfare but also economic resurgence. This paper attempted to elucidate the miracle of two ICT leaders. By means of a comparative empirical analysis of respective development trajectories, the sources of their success were analyzed thereby the comparative advantage and disadvantage of each respective trajectories supportive to find a practical solution to the critical problem of a dilemma were identified. The sources of both successes can be attributed to harnessing the vigor of soft innovation resources from the marketplace. However, contrary to Amazon's complementary use, Finland has depended on substitutionary use. While this approach contributes to easy resurgence, it casts a shadow to the innovative growth in the future. An insightful suggestion regarding balanced sustainable growth by cross learning was thus provided.

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“…Note: ICT in which network externalities function to alter the correlation between innovations and institutional systems which creates new features of the innovation leading to exponential increase [19]. Schelling [20] portrayed an array of logistically developing and diffusing social mechanisms stimulated by these interactions.…”

Section: Fatality Of Unique Feature Of Ictmentioning

confidence: 99%

“…Equation (A5) develops the following logistic growth within a dynamic carrying capacity function (LGDCC) which incorporates self-propagating function as carrying capacity increases corresponding to V(R) increase as depicted in equation (A6) [19]:…”

Section: Appendixmentioning

confidence: 99%

Co-Evolutionary Coupling Between Captured and Uncaptured GDP Cycles:cross Learning From Amazon and Finland Models for Sustainability

Moriya¹,

Tou²,

Watanabe³

et al. 2019

IJMIT

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A solution to the critical problem of a dilemma between R&D expansion and productivity decline that a majority of information and communication technology (ICT) leaders have been confronting in the digital economy is expected. It can be expected by a spinoff from economic functionality-seeking GDP-based coevolution cycle to supra-functionality beyond an economic value-seeking uncaptured GDP-driven coevolution cycle. However, the transformation dynamism remains a black box. By means of numerical simulations based on empirical analyses of the development trajectories of global ICT leaders, focusing on Amazon and Finland, together with an intensive review of preceding analyses, this paper attempted to elucidate the inside the black box of the above dynamism. By developing a practically applicable numerical approach, inspired attempts to explore a new elucidation frontier were conducted, thereby enabling a new concept of co-evolutionary coupling between two cycles to be postulated. An insightful suggestion regarding possible consequences in the future stemming from the trajectory option was thus provided.

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Institutional elasticity as a significant driver of IT functionality development

Cited by 55 publications

References 12 publications

Digitalized bioeconomy: Planned obsolescence-driven circular economy enabled by Co-Evolutionary coupling

Digitalized bioeconomy: Planned obsolescence-driven circular economy enabled by Co-Evolutionary coupling

A SOLUTION TO THE DILEMMA BETWEEN R&D EXPANSION AND THE PRODUCTIVITY DECLINE: LESSONS FROM THE R&D MODELS IN AMAZON AND FINLAND

Co-Evolutionary Coupling Between Captured and Uncaptured GDP Cycles:cross Learning From Amazon and Finland Models for Sustainability

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