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Open Innovation in the Financial Services - The Magic Bullet 金融服务的开放式创新——灵丹妙药
Pub Date : 2020-09-02 DOI: 10.2139/ssrn.3684517
D. Fasnacht
Rapid and unpredictable events as we have experienced with the financial crisis or recently with COVID-19 together with macro trends that change societies and businesses over ten years have become recurring themes in the global competitive landscape. The open innovation concept helps firms to reconfigure their resources across company boundaries and in turn, nurtures organisational agility and entrepreneurial flexibility. Collaboration and co-creation are the core elements of a new management mindset to serve specific client demands fast, precisely, and effectively. A long-term study, exploring the impacts of emerging open business models in financial services, found that digital convergence accelerates the disruption of established banking businesses. Based on a literature review, complemented with information from case studies of notable banks, this abstract shows what affects markets and society most and provides insights into a sector that is in transformation. It broadens the understanding of scholars as well as practitioners that acknowledge open innovation to develop opportunities by creating and capturing value in business ecosystems.
像我们经历的金融危机或最近的COVID-19等快速和不可预测的事件,以及十年来改变社会和企业的宏观趋势,已成为全球竞争格局中反复出现的主题。开放式创新概念有助于企业跨公司边界重新配置资源,从而培养组织敏捷性和企业灵活性。协作和共同创造是快速、准确、有效地满足特定客户需求的新管理思维的核心要素。一项探索新兴开放商业模式对金融服务影响的长期研究发现,数字融合加速了对现有银行业务的颠覆。基于文献综述,辅以著名银行案例研究的信息,本摘要显示了对市场和社会影响最大的因素,并提供了对转型部门的见解。它拓宽了学者和实践者的理解,他们承认开放式创新可以通过在商业生态系统中创造和获取价值来开发机会。
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引用次数: 2
The Value of Legal Protection of Novel Product Designs: Evidence from Egyptian Goddess v. Swisa 新产品外观设计的法律保护价值:以埃及女神诉瑞士案为例
Pub Date : 2020-04-13 DOI: 10.2139/ssrn.3574702
T. Chan, Po-Hsuan Hsu, Kevin Tseng
In this paper, we empirically examine how the strengthened legal protection of novel designs prevents mimicking behaviors and thus enhances the economic value of novel designs and their assignees. We use the decision of the Federal Circuit Court of Appeals in Egyptian Goddess, Inc. v. Swisa, Inc. as an unexpected regulation change that prevented accused infringers from using the “point-of-novelty” test to defend themselves, which enhanced the protection of design patents, especially intricate ones. After this decision, we show that intricate designs are better protected than simple designs and are less mimicked by subsequent designs. Moreover, we show that stock market reactions to grants of intricate design patents are significantly more positive than reactions to grants of simple design patents after this decision. Finally, we show that such positive reactions are more pronounced among firms facing fiercer product market competition and among firms previously involved in design patent litigation.
本文通过实证研究,探讨了加强对新颖外观设计的法律保护如何防止模仿行为,从而提高新颖外观设计及其受让人的经济价值。我们以联邦巡回上诉法院在埃及女神公司诉瑞士公司一案中的判决为例,认为这是一个意想不到的规则变化,阻止了被指控的侵权方使用“新颖性”测试来为自己辩护,这加强了对外观设计专利的保护,尤其是复杂的外观设计专利。在此决定之后,我们表明复杂的设计比简单的设计得到更好的保护,并且后续设计的模仿较少。此外,我们表明,在这一决定之后,股票市场对授予复杂外观设计专利的反应明显比授予简单外观设计专利的反应更为积极。最后,我们发现这种积极反应在面临激烈产品市场竞争的公司和以前参与过外观设计专利诉讼的公司中更为明显。
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引用次数: 0
Apple's Key Success Factors in the UK that Could Be Learned and Applied by Other Companies from the Same Industry 苹果在英国成功的关键因素,可以被同行业的其他公司学习和应用
Pub Date : 2018-03-29 DOI: 10.2139/ssrn.3152328
E. Wilson
Apple is the multinational brand which offers unique products and services to its consumers. There are many competitors of the business units that gives tough competition to Apple. In such condition it is essential for Apple to make changes in its technologies and provide high quality products to consumers. Current study looks upon the major factors that support Apple in gaining success and making it different from others. This research takes support of SPSS for analyses of data. T- test, Anova, correlation, are used in this study for identifying the major factors that contribute in the success of Apple company.
苹果是一个跨国品牌,为消费者提供独特的产品和服务。该业务部门有许多竞争对手,这给苹果带来了激烈的竞争。在这种情况下,苹果公司必须在技术上做出改变,为消费者提供高质量的产品。目前的研究着眼于支持苹果公司获得成功并使其与众不同的主要因素。本研究采用SPSS软件进行数据分析。本研究采用T检验、方差分析、相关分析等方法,找出影响苹果公司成功的主要因素。
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引用次数: 0
Innovation and Product Market Concentration: Schumpeter, Arrow and the Inverted-U Shape Curve 创新与产品市场集中度:熊彼特、箭头与倒u型曲线
Pub Date : 2017-06-05 DOI: 10.2139/ssrn.2981677
Flavio Delbono, L. Lambertini
We investigate the relationship between market concentration and industry innovative effort within a familiar two-stage model of R&D race in which firms compete à la Cournot in the product market. With the help of numerical simulations, we show that such a setting is rich enough to generate Arrovian, Schumpeterian, and inverted U curves. We interpret these different patterns on the basis of the relative strength of the technological incentive and the strategic incentive. We then bridge our theoretical results and some recent empirical research.
我们在一个熟悉的研发竞赛的两阶段模型中研究了市场集中度和行业创新努力之间的关系,在这个模型中,企业在产品市场上以古诺的方式竞争。在数值模拟的帮助下,我们证明了这种设置足够丰富,可以生成阿罗曲线、熊彼特曲线和倒U曲线。我们根据技术激励和战略激励的相对强度来解释这些不同的模式。然后,我们将我们的理论结果与最近的一些实证研究联系起来。
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引用次数: 20
Barriers to Eco-Innovation in the LED Sector: A Multilevel Perspective LED产业生态创新的障碍:多层次视角
Pub Date : 2016-11-25 DOI: 10.2139/ssrn.2875847
Cédric Gossart, A. Ozaygen
The aim of this paper is to analyse barriers to eco-innovation in the LED sector and to formulate strategy and policy recommendations to overcome them. It is based on case studies of European LED firms, and uses the multi-level perspective (MLP) to formulate these recommendations. The results are relevant for both LED companies and policy makers. We identified 18 major barriers to LED eco-innovation at regime level that pertain to four categories (LED market, Labour market, Financial market, and Public policies). At niche level, 8 major barriers have been identified pertaining to three categories (Technological resources, Human resources, and Financial resources). The interactions between regime-level barriers on niche-level ones are presented in appendices. Suggestions to overcome these barriers include both demand-pull and policy-push instruments. This paper is the first one to use the MLP to analyse and suggest solutions to overcome barriers to eco-innovation in the LED sector.
本文的目的是分析LED行业生态创新的障碍,并制定克服这些障碍的战略和政策建议。本文基于对欧洲LED企业的案例研究,并采用多层次视角(MLP)来制定这些建议。研究结果对LED公司和政策制定者都有意义。我们在制度层面确定了LED生态创新的18个主要障碍,涉及四个类别(LED市场、劳动力市场、金融市场和公共政策)。在利基层面,确定了8个主要障碍,涉及三类(技术资源、人力资源和财政资源)。制度级壁垒与生态位级壁垒之间的相互作用见附录。克服这些障碍的建议包括需求拉动和政策推动两种手段。本文首次使用MLP来分析并提出解决方案,以克服LED行业生态创新的障碍。
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引用次数: 5
An Application of Graphical Models to the Innobarometer Survey: A Map of Firms’ Innovative Behaviour 图形模型在创新晴雨表调查中的应用:企业创新行为的地图
Pub Date : 2014-12-22 DOI: 10.2139/ssrn.2541625
C. Carota, A. Durio, M. Guerzoni
Probabilistic graphical models successfully combine probability with graph theory and therefore provide applied statisticians with a powerful data mining engine. Graphical models are a good framework for formal analysis, allowing the researcher to obtain a quick overview of the structure of association among variables in a system. This paper is the first attempt to apply high-dimensional graphical models in innovation studies, since the i ncreasing availability of data in the field and the complexity of the underlying processes are calling for new techniques which can handle not only a large amount of observations, but also rich datasets in terms of number and relations among variables. In this context, the process of variables and model selection became more arduous, influenced by biases of the scientist and, in the worst case scenario, subject to scientific malpractices such as the p-hacking behavior. On the contrary, high-dimensional graphical models allow for bottom-up, hypotheses free, data-driven, and see-through approach.
概率图模型成功地将概率与图论结合起来,为应用统计学家提供了一个强大的数据挖掘引擎。图形模型是形式化分析的良好框架,使研究人员能够快速了解系统中变量之间的关联结构。本文是首次尝试将高维图形模型应用于创新研究,因为该领域数据的可用性越来越高,底层过程的复杂性要求新的技术不仅可以处理大量的观测数据,而且可以处理数量和变量之间关系方面的丰富数据集。在这种情况下,变量和模型选择的过程变得更加艰巨,受到科学家偏见的影响,在最坏的情况下,受到科学不当行为的影响,如p-hacking行为。相反,高维图形模型允许自下而上、无假设、数据驱动和透明的方法。
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引用次数: 6
Institutional Context and Energy-Efficient Innovation: Are SMEs Flying Under the Radar? 制度背景与节能创新:中小企业是否被忽视?
Pub Date : 2014-11-15 DOI: 10.2139/ssrn.2527940
Boris Mrkajic, L. Grilli, P. Garrone
Relying on the institutional theory, a conceptual framework is developed, which hypothesises that institutional features are creating an environment that significantly influences energy-efficient innovation (EEI) activities at a firm level. Economic, regulatory and social features are argued to support firms, but also exert pressures on them to introduce EEI. Furthermore, the analysis is extended to study how the institutional context is moderated by one of the most prominent features of a firm, i.e. its size. In this way, we contribute both to the literature examining the role of the institutional context in shaping economic activities, and the scientific and policy discourse on energy-efficiency in small and medium enterprises (SMEs) and large incumbent enterprises (LEs). The developed hypotheses are tested in a cross-country setting, using a cross-sectional sample of 9 European countries based on Community Innovation Survey (CIS) microdata, complemented with country-level information from various sources. The achieved results support the main hypothesis that institutional characteristics foster EEI. Moreover, different institutional dimensions are found to be working differently depending on the firm size. Compared to LEs, SMEs are found to be more sensitive to regulatory rather than economic and social institutional characteristics. We offer several interpretations for these somewhat controversial and thought-provoking results. Based on these, we propose implications for policy interventions that could enhance the quality of energy-efficient innovation activities, as well as insightful findings to managers of both small and large corporations.
基于制度理论,本文提出了一个概念框架,该框架假设制度特征正在创造一个显著影响企业层面节能创新(EEI)活动的环境。人们认为经济、监管和社会特征支持企业,但也对它们施加压力,促使它们引入EEI。此外,分析扩展到研究制度背景如何被公司最突出的特征之一,即其规模所调节。通过这种方式,我们既为研究制度背景在塑造经济活动中的作用的文献做出了贡献,也为中小企业(SMEs)和大型现有企业(LEs)的能源效率的科学和政策话语做出了贡献。根据社区创新调查(CIS)的微观数据,利用9个欧洲国家的横截面样本,并辅以来自各种来源的国家级信息,在跨国环境中对所提出的假设进行了检验。研究结果支持了制度特征促进经济创新的主要假设。此外,不同的制度维度会根据企业规模的不同而产生不同的作用。与低成本企业相比,中小企业对监管而不是经济和社会制度特征更为敏感。我们对这些有些争议和发人深省的结果提供了几种解释。在此基础上,我们提出了可以提高节能创新活动质量的政策干预的启示,以及对小型和大型企业管理者的深刻见解。
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引用次数: 0
Стратегическое Оптимальное Управление Продуктовыми Инновациями На Длительную Перспективу в Условиях Изменения Потребительских Предпочтений и Требований (Strategic Optimum Control Product Innovations on the Long to Prospect in the Conditions of Change of Consumer Preferences and Requirements)
Pub Date : 2013-05-15 DOI: 10.2139/ssrn.2830369
Yurii Ustyugov
Russian Abstract: Излагаются основные положения методологии разработки стратегии оптимального управления продуктовыми инновациями в условиях изменения потребительских предпочтений. Методология и поддерживающие ее инструментальные средства развивают теорию когнитивного менеджмента. Применение методологии проиллюстрировано на модельном примере стратегического управления продуктовыми инновациями, используемыми для охраны объектов федерального собственника, контролирующего доминирующий сегмент рынка, на период до 2025 г. при изменении срока применения, времени закупок и требований к продуктовым инновациям.English Abstract: Substantive provisions of methodology of working out of strategic optimum control by product innovations on long prospect in the conditions of change of consumer preferences are stated. The methodology and tool means supporting it develop the innovative strategy of theories of management. Methodology use is illustrated on a modeling example of strategic management by the product innovations used for protection of objects of the federal proprietor, the market supervising a dominating segment, for the period till 2025 at change of term of application, time of purchases and requirements to product innovations.
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引用次数: 0
Hitting the IT-Implementation Trifecta 实现it实施三连胜
Pub Date : 2013-04-02 DOI: 10.2139/ssrn.2243314
Robert Zafft
BPO and enterprise-software vendors need to manage enormous IT-implementation risks arising from their outsourcing contracts. They want to hit the IT-implementation trifecta: (i) finish on time; (ii) deliver under budget; and (iii) contribute spare cash to troubled IG projects. This payoff looks as good as the ones at the racetrack. But, how can the vendor stack the odds in its favor?The answer lies in applying proven risk-management and portfolio-underwriting techniques from other fields.Note -- This article arises from the entirely private research activities of the author and does not reflect the views of author's employers, past or present, nor any other organizations with which the author is or has been affiliated.
BPO和企业软件供应商需要管理由外包合同产生的巨大it实施风险。他们想要实现it实施三连胜:(i)按时完成;(ii)按预算交付;(iii)为陷入困境的IG项目提供闲钱。这种回报看起来和赛马场上的回报一样好。但是,供应商如何才能增加对自己有利的机会呢?答案在于应用来自其他领域的成熟的风险管理和投资组合承销技术。注:本文完全来自作者的私人研究活动,不反映作者过去或现在的雇主的观点,也不反映作者现在或曾经隶属的任何其他组织的观点。
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引用次数: 0
Path Finder Strategy Radar 寻径策略雷达
Pub Date : 2012-10-05 DOI: 10.2139/ssrn.2157366
M. Joshi
The objective of this research is to define and craft a “Path Finder Strategy” adopted by different firms, upon entrance into different markets with differentiated products, and rightly after, negotiate! This paper covers an in-depth knowledge relating to devising a strategic ‘radar zone’ and assessing whether a business is product driven, market driven or customer driven. Innovation is critical for securing firm’s future. Towards making it competitive, ensuring coexistence, appropriate time and energy ought to be devoted. The tenacity of their purpose and the capability to mitigate risk in a wide business spectrum is significant. How do firms’ determine the timeline during which the ‘core of business’ needs a fundamental but peculiar refurbishing? How do firms determine the nature and kind of the new ‘core’? Hidden potentials shall emerge as the centrepiece for the new strategy, determining the level to which the firm is successful in finding its next core area of business. The imperative of the research work is to attempt in exploring how different firms orient different strategies, while crafting a Path Finder Strategy. It shall also address the issue of differentiating the firm from being successful as compared to a not so successful firm.
本研究的目的是定义和制定一种“寻路策略”,不同的公司在进入不同的市场时采用差异化的产品,并在之后正确地进行谈判!本文涵盖了与设计战略“雷达区”有关的深入知识,并评估企业是产品驱动,市场驱动还是客户驱动。创新对于确保公司的未来至关重要。为了使它具有竞争性,确保共存,应该投入适当的时间和精力。其目的的坚韧性和在广泛的业务范围内降低风险的能力是重要的。企业如何确定“核心业务”需要进行根本性但特殊的翻新的时间?企业如何确定新“核心”的性质和类型?隐藏的潜力将成为新战略的核心,决定公司在寻找下一个核心业务领域方面的成功程度。研究工作的当务之急是试图探索不同的公司如何定位不同的战略,同时制定一个寻径策略。它还应解决的问题,区分公司从成功相比,一个不那么成功的公司。
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引用次数: 2
期刊
IRPN: Product Development Strategy & Organization (Topic)
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