Open Innovation in Value Chain for Sustainability of Firms

Yun, JinHyo Joseph; Yiğitcanlar, Tan

doi:10.3390/su9050811

Cited by 31 publications

(29 citation statements)

References 34 publications

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“…Open innovation creates an inverted U-curve performance with a high-level fluctuation complexity according to three major factors: knowledge intensity, open innovation strategy, and time span. In addition, if we bear in mind the competitors that firms have, the complexity of open innovation effects will dramatically increase [40].…”

Section: Discussionmentioning

confidence: 99%

Dismantling of the Inverted U-Curve of Open Innovation

et al. 2017

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Abstract:The purpose of this study is to address the following research question: What is the relationship between open innovation and firm performance? The study built up a research framework with three factors-i.e., open innovation strategy, time scope, and industry condition-to find out the concrete open innovation effects on firm performance. This study adopted four different research methods. Firstly, we applied the aforementioned factors to a game of life simulation in order to identify the concrete differences of open innovation effects on firm performance. Secondly, the study examined the real dynamics of open innovation effects on firm performance in the aircraft industry-one of the oldest modern industries-through a quantitative patent analysis. It then looked into the effects of major factors that impact open innovation effects. Thirdly, this study developed a mathematical model and tried to open the black box of open innovation effects on firm performance. Lastly, the study logically compiled research on open innovation effects on firm performance through the presentation of a causal loop model and derived the possible implications.

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Section: Discussionmentioning

confidence: 99%

Dismantling of the Inverted U-Curve of Open Innovation

et al. 2017

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“…Reflecting the importance of the open innovation paradigm, many previous studies have revealed that its adoption can enhance organizational openness, the extent of external linkages, and the depth and breadth of knowledge search [16,[48][49][50]. Moving beyond the entrepreneurial perspective, using open innovation to external knowledge is reflected generally in institutional contexts [51].…”

Section: Social Trust and Open Innovationmentioning

confidence: 99%

Social Trust and Open Innovation in an Informal Economy: The Emergence of Shenzhen Mobile Phone Industry

Chen

2020

Sustainability

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This study examines how social trust facilitates firms’ collaborative efficiency in an informal economy. We extend the open innovation theory to explain the straightforward role of social trust in the Shenzhen mobile phone industry. This single case study yields two principal findings. First, social trust fosters the efficient integration of value chains for mobile phone development. Four types of informal entrepreneurs with high social trust built on homogenous sanctioned ethnic groups (i.e., Fujian, Hunan, Chaoshan, and Wenzhou) collaboratively conform to the chip vendors, independent design houses, integrators, manufacturers and channel retailers in the Shenzhen mobile phone industry. These four groups of informal entrepreneurs achieve ethnic legitimacy by organizing the value chains with mobile feature phones built on Shenzhen mobile phone modes. Second, social trust among the four sanctioned ethnic groups is a critical determinant for shortening the time-to-market of new products and catalyzes product specialization to effectively respond to market needs in the Shenzhen mobile phone industry. Finally, we discuss the implications of our findings for research on social trust and open innovation in informal institutions.

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“…JinHyo Joseph Yun and Tan Yigitcanlar said, "Firms cannot survive forever, basically because businesses of firms are embedded in the market, and society, which are changing dynamically.". Further, through "open innovation-open connections between technology, the market, and open business models-we may be able to create new opportunities to link technology, market and society" [29]. Open innovation is a concept that is often viewed as an important factor for the growth of an organization [30].…”

Section: Open Innovation For Senior Beauty Servicesmentioning

confidence: 99%

Customer Happiness and Open Innovation in the Esthetics Education for the Elderly Generation

Shin

Yeom

Park

2019

Journal of Open Innovation: Technology, Market, and Complexity

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In Korean society, where aging is rapidly progressing, the happiness of the elderly is no longer an economic issue. An esthetics program has the effect of improving depression or low self-esteem to increase psychological and physical satisfaction, which is a good way to raise the happiness index of the elderly. However, there is a lack of esthetics education or esthetics programs in Korea to train estheticians to serve elderly people. This study confirmed the possibility of open innovation through esthetics education to increase the happiness index of the elderly. As a research method, a self-administered questionnaire was used to survey 572 estheticians and analyzed statistically. In this study, Korean estheticians were very positive about the need for the development of professional care programs for the elderly, and it was found that they are willing to care for the elderly. Developing a variety of esthetic programs through the training of professional manpower for the elderly in the future will contribute to enhancing the happiness index of elderly Korean people.According to the Korea Statistical Office, the aged population index was 104.8 in 2017, and the elderly population aged 65 or older already exceeded the youth population aged 10-14 [3].However, it is doubtful whether Korea is prepared to face aging rapidly. According to the OECD statistics, the suicide rate [1] and poverty rate [2] of the elderly in Korea are the highest among the OECD countries, and one out of five elderly people suffer from depression [4].After retirement, many people live between 20 and 40 years, a fact that creates the need for better quality of life and independence [5]. Happiness effects positive emotions that determine quality of life [6]. In this regard, many studies have been conducted on factors related to the happiness of the elderly.While GDP remains widely used as an indicator of a nation's economic activity, it has been consistently found that happiness does not necessarily increase with income, and many international organizations and experts agree that it is necessary to have a happiness index that incorporates not only economic value (e.g., GDP) but also life satisfaction, future expectations, unemployment rate, self-esteem, hope, and love [7,8]. In other words, in order to raise the happiness index of the elderly, a program that can cover not only economic aspects but also psychological aspects is needed. In particular, high self-esteem has been reported to be one of the strongest predictors of well-being [9], and it has a strong relation to happiness. One study found that people with high self-esteem are significantly, substantially happier than other people. They are also less likely to be depressed, either in general or specifically in response to stressful, traumatic events [10].Social welfare programs, such as art therapy, music therapy, and laughter therapy, are emerging to address the psychological difficulties Korean elderly face, but most Korean welfare is still focused on solving economic difficulties. In o...

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Open Innovation in Value Chain for Sustainability of Firms

Cited by 31 publications

References 34 publications

Dismantling of the Inverted U-Curve of Open Innovation

Dismantling of the Inverted U-Curve of Open Innovation

Social Trust and Open Innovation in an Informal Economy: The Emergence of Shenzhen Mobile Phone Industry

Customer Happiness and Open Innovation in the Esthetics Education for the Elderly Generation

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