The double knot of technology and business-model innovation in the era of ferment of digital exchanges: The case of OM, a pioneer in electronic options exchanges

Ernkvist, Mirko

doi:10.1016/j.techfore.2015.02.001

Cited by 44 publications

(27 citation statements)

References 48 publications

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“…Newness in moderately novel business models largely adopts an internal perspective as it involves some degree of unique changes within the firm, such as innovations in the value proposition, value creation and value capture components. Newness may also arise from the use of new competencies and organizational routines (Cucculelli & Bettinelli, 2015), new technology (Denicolai, Ramirez, & Tidd, 2014), the recombination of existing or new resources (Enkel & Gassmann, 2010;Martins, Rindova, & Greenbaum, 2015) and structural (systems-level) reconfiguration activity systems, value chain or organizational structures (Ernkvist, 2015;Zott, Amit, & Massa, 2011). Moderately novel business model designs generally aims to further exploit current markets (Bohnsack, Pinkse, & Kolk, 2014), and maintain the firm's position in the value network (Sosna, Trevinyo-Rodríguez, & Velamuri, 2010).…”

Section: Literature Reviewmentioning

confidence: 99%

Efficiency-centered, innovation-enabling business models of high tech SMEs: Evidence from Hong Kong

Loon

Chik

2018

Asia Pac J Manag

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Section: Literature Reviewmentioning

confidence: 99%

Efficiency-centered, innovation-enabling business models of high tech SMEs: Evidence from Hong Kong

Loon

Chik

2018

Asia Pac J Manag

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“…The five contributions in the Special Issue have been ordered in such a way as to provide an accessible entry into the technological transformation of capital markets. The first three all provide insights into the companies transforming capital markets and the new electronic 'market infrastructure' 4 that is emerging (Ernkvist, 2015;Essendorfer et al, 2015;Panourgias, 2015). The last two contributions focus on two important and relatively recent innovations in finance that have been enabled by the new market infrastructure, namely High Frequency Trading (HFT) (Kauffman et al, 2015) and Exchange Traded Funds (ETFs) (Lechman and Marszk, 2015).…”

Section: The Technological Transformation Of Capital Marketsmentioning

confidence: 99%

The technological transformation of capital markets

Diaz‐Rainey

Ibikunle

Mention

2015

Technological Forecasting and Social Change

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Technology has dramatically altered capital markets over the past few decades. Technologically induced innovations such as electronic exchanges, high frequency trading (HFT) and exchange traded funds (ETFs) have made trading in capital markets faster, cheaper and more integrated, yet at the same time market liquidity has become more fragmented and opaque. Further, there are concerns that this new paradigm leads to greater volatility and myopia in the core function of finance (raising capital for entrepreneurial activity). Capital markets are clearly complex adaptive techno-social systems that are undergoing dramatic changes yet they are rarely researched from an innovation research or technological change perspective. In this editorial, we introduce the themes and issues highlighted by the papers in this Special Issue that addresses this gap in the literature. The contributions illuminate the technologies and related innovations that are changing the nature of capital markets. However, technology cannot be seen in isolation from other forces, most notably regulation, organisational innovation and new entrants. Moreover, technology is not only changing existing markets, it is expanding the scope of markets. Thus we conclude that that financialization (the process by which financial markets become increasingly important in the economy and society) is a technology enabled phenomenon-something hitherto largely overlooked by the financialization literature.

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“…Christensen et al [40] believed that the business model innovation of the renewable energy system needs the support of creating value, value capture, and technology innovation in the theoretical level, and there are still some challenges in terms of policy support and promotion in practice. Ernkvist [41] put up the continuous introduction of technology innovation, and the new business model can gradually enhance the status of electronic options trading in the financial sector. The main challenges in the process are the cumbersome and limit of regulatory process.…”

Section: (2) the Emerging Hotspot-"business Model Challenge"mentioning

confidence: 99%

Mapping hotspots and emerging trends of business model innovation under networking in Internet of Things

Jin

2018

J Wireless Com Network

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Networking in Internet of Things (IoT) has had an immeasurable impact on the existing business models. In this context, exploring the hotspots and trends of business model innovation has become particularly necessary. For the topic literature over the past 20 years retrieved from Science Citation Index and Social Sciences Citation Index databases, scientometrics with information visualization technology was used to carry on the knowledge mapping with the following indicator: the co-cited reference networks, reference bursts, keyword bursts, and keyword co-occurrence networks. The results show (1) "e-commerce," "open source," "performance," "entrepreneurship," etc. are the main hotpots, and "value creation," "open innovation," "small business," "networks," etc. are the new hotpots; (2) the trends of hotspots transited from early "information technology" to later "self-service," "mass customization," and "biotechnology" and to present "cloud manufacturing," "telemedicine," "climate change," and "sustainable development,". etc.; (3) "intelligent robot," "3D printing," and the methodology of business mode innovation may be the future hotspots. This is the first paper visualizing the hotspots and emerging trends of business model innovation specially through scientometrics from a global perspective.

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The double knot of technology and business-model innovation in the era of ferment of digital exchanges: The case of OM, a pioneer in electronic options exchanges

Cited by 44 publications

References 48 publications

Efficiency-centered, innovation-enabling business models of high tech SMEs: Evidence from Hong Kong

Efficiency-centered, innovation-enabling business models of high tech SMEs: Evidence from Hong Kong

The technological transformation of capital markets

Mapping hotspots and emerging trends of business model innovation under networking in Internet of Things

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