The Effects of Business Model Innovation of Internet Finance Enterprises on Competitive Advantages

The Effects of Business Model Innovation of Internet Finance Enterprises on Competitive Advantages

By • on May 12, 2021

The E3S Web of Conferences website posted a study which noted that business model innovation refers to a means to implement innovation strategy serving as a kind of innovation activity following technological and managerial innovation. In the internet era, driven by the unprecedented development of digital technology, internet finance enterprises tend

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Open Innovation Management in Terms of Dynamic Markets

Open Innovation Management in Terms of Dynamic Markets

By • on May 11, 2021

An article in the journal POLIT noted that introducing the open innovation management concept can qualitatively rebuild the internal systems of the company, improve the efficiency of business activities and help achieve long-term goals. The system of closed innovations represented the rejection of all

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Open Innovation Within Loughview Timber: How Knowledge Transfer Is Opening Doors to New Markets

Open Innovation Within Loughview Timber: How Knowledge Transfer Is Opening Doors to New Markets

By • on May 10, 2021

The ARCOM Proceedings website posted a study which aims to determine the effectiveness of adopting an open innovation model in the context of SMEs. Loughview Timber, a small manufacturer based in Northern Ireland, is used as a case study. It is recommended that Loughview Timber continue to exploit the

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The Economy of Collaboration

The Economy of Collaboration

By • on May 6, 2021

The book, The Economy of Collaboration, has a chapter, The Sphere of Innovation, which deals with with collaborative relations in the sphere of innovation. There are different forms of collaborative innovation . ‘Open innovation’ refers to a profit-driven corporate strategy. In contrast ‘free innovation’

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By • on May 5, 2021

The book “Sustainable Innovation” discusses  several aspects of the role of open innovation in sustainable development: Open innovation is innovating innovation, so it breaks static equilibrium and brings in new changes. Open innovation pushes firms to deviate from their current routines

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Multicultural Skills in Open Innovation: Relational Leadership Enabling Knowledge Sourcing and Sharing

Multicultural Skills in Open Innovation: Relational Leadership Enabling Knowledge Sourcing and Sharing

By • on May 4, 2021

The Emerald Insight website presented a paper in which the authors argue that multicultural skills and relational leadership act as enablers for open innovation, and thereby examine the process through which teams can utilize multicultural skills to support the development of relational leadership and

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Strategizing of Economic Systems Digital Transformation: A Driver on Innovative Development

Strategizing of Economic Systems Digital Transformation: A Driver on Innovative Development

By • on May 3, 2021

The St. Petersburg State Polytechnic University Journal posted an article which noted that the idea of open innovation determines the need for a company to interact with the external environment in order not only to obtain greater efficiency from the ongoing innovation process, but also to have the possibility

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Open innovation: Human Set-up

Open innovation: Human Set-up

By • on April 30, 2021

Wiley Publishers reported that their new book “Open innovation: Human Set-up”, gives an account of the words and behavior of seven entrepreneurs over several years. The author’s observations allow the reader to understand the perspectives that everyone gives themselves in interactions,

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Business Model Innovation and Firm Performance

Business Model Innovation and Firm Performance

By • on April 27, 2021

The Science Direct website posted a study drawing on the data from a cross-industry sample of 563 European SMEs, structural equation modelling is applied to examine how a firm’s performance is affected by innovating its business model. The findings confirm the validity of the model and contribute

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Strategic Change and Innovation Reputation: Opening up the Innovation Process

Strategic Change and Innovation Reputation: Opening up the Innovation Process

By • on April 26, 2021

The Science Direct website posted a study which examines how strategic change (e.g., closed to open innovation strategy) impacts the attitudes of the periphery of customers (i.e., customers not involved in the innovation process); and it further explores how a firm’s innovation reputation can

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