Pub Date : 2023-06-25DOI: 10.17323/2500-2597.2023.2.36.48
Roslee Uyob, Ku Maisurah Ku Bahador, R. Saad
Using the evidence from Malaysia this study aims to investigate how incentives for Extensible Business Reporting Language (XBRL) affect the relationship between the intention to use and user behavior when it comes to filing submissions. In this regard a survey was implemented among company employees who are involved in the preparation and submission of filings to Suruhanjaya Syarikat Malaysia (SSM). Results indicate that incentives strengthen the positive relationship between XBRL filing intention to use and usage behavior. The study also discovered that intent to use significantly impacts XBRL filing behavior. Compared to perceived usefulness, perceived ease of use was found to have a greater influence on XBRL filing intention. Perceived ease of use was also found to be a significant indicator of XBRL filing perceived usefulness. The result of this study provides guidelines for incorporating XBRL technology into the practices of government authorities and policymakers. The study’s findings can also be used to develop strategies to encourage filers to submit voluntary filings using the XBRL platform.
{"title":"Do Incentives Matter in Persuading Companies to Embrace Advanced Reporting Standards Voluntarily?","authors":"Roslee Uyob, Ku Maisurah Ku Bahador, R. Saad","doi":"10.17323/2500-2597.2023.2.36.48","DOIUrl":"https://doi.org/10.17323/2500-2597.2023.2.36.48","url":null,"abstract":"Using the evidence from Malaysia this study aims to investigate how incentives for Extensible Business Reporting Language (XBRL) affect the relationship between the intention to use and user behavior when it comes to filing submissions. In this regard a survey was implemented among company employees who are involved in the preparation and submission of filings to Suruhanjaya Syarikat Malaysia (SSM). Results indicate that incentives strengthen the positive relationship between XBRL filing intention to use and usage behavior. The study also discovered that intent to use significantly impacts XBRL filing behavior. Compared to perceived usefulness, perceived ease of use was found to have a greater influence on XBRL filing intention. Perceived ease of use was also found to be a significant indicator of XBRL filing perceived usefulness. The result of this study provides guidelines for incorporating XBRL technology into the practices of government authorities and policymakers. The study’s findings can also be used to develop strategies to encourage filers to submit voluntary filings using the XBRL platform.","PeriodicalId":45026,"journal":{"name":"Foresight and STI Governance","volume":" ","pages":""},"PeriodicalIF":1.2,"publicationDate":"2023-06-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42362838","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-06-25DOI: 10.17323/2500-2597.2023.2.49.60
K. Bagrationi, T. Thurner
This paper investigates middle managers’ resistance to digital transformation initiatives and suggests strategies for overcoming such resistance using the example of a major Russian transportation company. This study employed a mixed-methods approach to assess middle managers’ values and to identify patterns of resistance behavior. The case studies further illustrate the resistance of middle managers and how the company under study responded to these incidents. The findings reveal a significant relationship between employees’ attitudes toward routine and their resistance to digital transformation. Managers with high scores in tradition, conformity, security, and power values, as well as a strong positive attitude toward routine, were more resistant to change. Conversely, those with high scores in universalism, self-direction, and stimulation values were more open to change. By addressing the values and concerns driving middle managers’ attitudes, organizations can better support them in overcoming resistance to digital transformation. The study also offers practical strategies for aligning digital transformation efforts with middle managers’ values, thereby fostering a more positive attitude toward change and facilitating successful implementation.
{"title":"Middle Management’s Resistance to Digital Change","authors":"K. Bagrationi, T. Thurner","doi":"10.17323/2500-2597.2023.2.49.60","DOIUrl":"https://doi.org/10.17323/2500-2597.2023.2.49.60","url":null,"abstract":"This paper investigates middle managers’ resistance to digital transformation initiatives and suggests strategies for overcoming such resistance using the example of a major Russian transportation company. This study employed a mixed-methods approach to assess middle managers’ values and to identify patterns of resistance behavior. The case studies further illustrate the resistance of middle managers and how the company under study responded to these incidents. The findings reveal a significant relationship between employees’ attitudes toward routine and their resistance to digital transformation. Managers with high scores in tradition, conformity, security, and power values, as well as a strong positive attitude toward routine, were more resistant to change. Conversely, those with high scores in universalism, self-direction, and stimulation values were more open to change. By addressing the values and concerns driving middle managers’ attitudes, organizations can better support them in overcoming resistance to digital transformation. The study also offers practical strategies for aligning digital transformation efforts with middle managers’ values, thereby fostering a more positive attitude toward change and facilitating successful implementation.","PeriodicalId":45026,"journal":{"name":"Foresight and STI Governance","volume":" ","pages":""},"PeriodicalIF":1.2,"publicationDate":"2023-06-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45347769","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-06-25DOI: 10.17323/2500-2597.2023.2.95.105
Shady Shayegan, Ardeshir Bazrkar, R. Yadegari
The introduction of a culture of environmental responsibility is becoming not just a branding tool, but also an important factor in business development. This article explores the possibility of increasing the environmental performance of companies through green methods of personnel management using the example of Iranian car manufacturers. The study combines survey and correlation-analytical methods. The study reveals that the improvement of green methods of human resource management, covering such aspects as recruitment, training, and performance management, has a positive and significant impact upon the environmental performance of companies. The effectiveness of these activities increases with the use of new technologies such as learning management systems (LMS), cloud computing, and artificial intelligence. The application of green methods in personnel management stimulates the implementation of a corporate strategy of sustainable development and opens new career opportunities for employees. The benefits for the companies lie in the improvement of corporate image, the growing demand for their products, the improvement of production safety, and, consequently, that of the internal organizational climate.
{"title":"Realization of Sustainable Organizational Performance Using New Technologies and Green Human Resource Management Practices","authors":"Shady Shayegan, Ardeshir Bazrkar, R. Yadegari","doi":"10.17323/2500-2597.2023.2.95.105","DOIUrl":"https://doi.org/10.17323/2500-2597.2023.2.95.105","url":null,"abstract":"The introduction of a culture of environmental responsibility is becoming not just a branding tool, but also an important factor in business development. This article explores the possibility of increasing the environmental performance of companies through green methods of personnel management using the example of Iranian car manufacturers. The study combines survey and correlation-analytical methods. The study reveals that the improvement of green methods of human resource management, covering such aspects as recruitment, training, and performance management, has a positive and significant impact upon the environmental performance of companies. The effectiveness of these activities increases with the use of new technologies such as learning management systems (LMS), cloud computing, and artificial intelligence. The application of green methods in personnel management stimulates the implementation of a corporate strategy of sustainable development and opens new career opportunities for employees. The benefits for the companies lie in the improvement of corporate image, the growing demand for their products, the improvement of production safety, and, consequently, that of the internal organizational climate.","PeriodicalId":45026,"journal":{"name":"Foresight and STI Governance","volume":" ","pages":""},"PeriodicalIF":1.2,"publicationDate":"2023-06-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46060647","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-06-25DOI: 10.17323/2500-2597.2023.2.69.80
S. Dinesh, Suddhachit Mitra
This study investigates the influence of the Big Five personality traits which include extraversion, agreeableness, conscientiousness, neuroticism, and openness in molding the adoption intention of consumers regarding electric vehicles (EVs) in India. This study also looks at Behavioral Economics as an explanatory theory on the diffusion of electric vehicles in India. The study comprised two stages. In the first stage, 150 users and non-users of electric vehicles were surveyed. Results pointed to a significant effect of all Big Five personality traits on adoption intention, with the exception of the trait of neuroticism. There was no significant difference in the adoption intention based on the differences in personality traits between men and women. In the second stage, the study used an expert-opinion based survey that was conceptualized based on the Diffusion of Innovation theory combined with the idea of memetics in new product diffusion. The results from the first stage of the research were bolstered by the fact that the second stage indicated that product attributes influencing diffusion would have a negative influence on adoption intentions of persons with high neuroticism. The study provides useful insights into consumer behavior based on personality for marketers of electric vehicles and policymakers interested in bringing about sustainable consumption practices.
{"title":"Consumers’ Adoption of Electric Vehicles for Sustainability: Exploring the Role of Personality Traits","authors":"S. Dinesh, Suddhachit Mitra","doi":"10.17323/2500-2597.2023.2.69.80","DOIUrl":"https://doi.org/10.17323/2500-2597.2023.2.69.80","url":null,"abstract":"This study investigates the influence of the Big Five personality traits which include extraversion, agreeableness, conscientiousness, neuroticism, and openness in molding the adoption intention of consumers regarding electric vehicles (EVs) in India. This study also looks at Behavioral Economics as an explanatory theory on the diffusion of electric vehicles in India. The study comprised two stages. In the first stage, 150 users and non-users of electric vehicles were surveyed. Results pointed to a significant effect of all Big Five personality traits on adoption intention, with the exception of the trait of neuroticism. There was no significant difference in the adoption intention based on the differences in personality traits between men and women. In the second stage, the study used an expert-opinion based survey that was conceptualized based on the Diffusion of Innovation theory combined with the idea of memetics in new product diffusion. The results from the first stage of the research were bolstered by the fact that the second stage indicated that product attributes influencing diffusion would have a negative influence on adoption intentions of persons with high neuroticism. The study provides useful insights into consumer behavior based on personality for marketers of electric vehicles and policymakers interested in bringing about sustainable consumption practices.","PeriodicalId":45026,"journal":{"name":"Foresight and STI Governance","volume":" ","pages":""},"PeriodicalIF":1.2,"publicationDate":"2023-06-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44772219","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-06-25DOI: 10.17323/2500-2597.2023.2.82.94
F. Murshudli
The ever-increasing threat of global climate change, environmental pollution, and the destructive impact of human activities highlight the need for more detailed research into tools to increase a country’s environmental sustainability. In addition, it promotes the search for additional sources of funding for these activities. For developing countries, one of the main sources of environmentally sustainable development is international bank financing. Therefore, this study aims to analyze how international green banking affects the environmental sustainability of developing countries. For this purpose, the data series were compiled for the period of 2010 to 2020. The annual data for panel regression analysis are retrieved from the OECD and World Bank Open Data. The identified effects can be useful for government officials in terms of determining the benefits of using international green banking for gaining environmental sustainability.
{"title":"Green Banking for Sustainable Development","authors":"F. Murshudli","doi":"10.17323/2500-2597.2023.2.82.94","DOIUrl":"https://doi.org/10.17323/2500-2597.2023.2.82.94","url":null,"abstract":"The ever-increasing threat of global climate change, environmental pollution, and the destructive impact of human activities highlight the need for more detailed research into tools to increase a country’s environmental sustainability. In addition, it promotes the search for additional sources of funding for these activities. For developing countries, one of the main sources of environmentally sustainable development is international bank financing. Therefore, this study aims to analyze how international green banking affects the environmental sustainability of developing countries. For this purpose, the data series were compiled for the period of 2010 to 2020. The annual data for panel regression analysis are retrieved from the OECD and World Bank Open Data. The identified effects can be useful for government officials in terms of determining the benefits of using international green banking for gaining environmental sustainability.","PeriodicalId":45026,"journal":{"name":"Foresight and STI Governance","volume":" ","pages":""},"PeriodicalIF":1.2,"publicationDate":"2023-06-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46108055","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-06-25DOI: 10.17323/2500-2597.2023.2.61.68
Fara Adilah Firdaus Mohd Rom, Osamu Soda
The concept and principles of good governance are recognized by many countries as a key condition for the effective implementation of large-scale projects, ensuring economic growth, and improving the welfare of the population. However, approaches to its implementation depend on many factors, primarily the cultural context of a particular country. In this article, using the example of the management of the construction sector in Malaysia, the perception of stakeholders of this concept and the practices of its application are analyzed. Of the considered components of this model, the respondents most often singled out the effective organization of managing complex processes and multi-level relationships between the components of the system, strict adherence to the rules, and transparency and conscientiousness in the performance of duties. This study shows where good governance information campaigns need to be improved to reach their full potential.
{"title":"Governing Complexity for Sustainable Development","authors":"Fara Adilah Firdaus Mohd Rom, Osamu Soda","doi":"10.17323/2500-2597.2023.2.61.68","DOIUrl":"https://doi.org/10.17323/2500-2597.2023.2.61.68","url":null,"abstract":"The concept and principles of good governance are recognized by many countries as a key condition for the effective implementation of large-scale projects, ensuring economic growth, and improving the welfare of the population. However, approaches to its implementation depend on many factors, primarily the cultural context of a particular country. In this article, using the example of the management of the construction sector in Malaysia, the perception of stakeholders of this concept and the practices of its application are analyzed. Of the considered components of this model, the respondents most often singled out the effective organization of managing complex processes and multi-level relationships between the components of the system, strict adherence to the rules, and transparency and conscientiousness in the performance of duties. This study shows where good governance information campaigns need to be improved to reach their full potential.","PeriodicalId":45026,"journal":{"name":"Foresight and STI Governance","volume":" ","pages":""},"PeriodicalIF":1.2,"publicationDate":"2023-06-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45041077","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-06-25DOI: 10.17323/2500-2597.2023.2.5.7
Kashan Pirzada, Kamran Ahmed, G. Moens
The introductory paper of this special issue examines general issues of synthesizing the corporate strategies with the sustainable development goals (SDGs), as well as knowledge generation and adoption of new technologies to achieve SDGs. In the next section of this editorial, we summarise the eight papers included in this special issue. We conclude the editorial by offering insights for future research in this area.
{"title":"Aligning Corporate Strategies with the Sustainable Development Goals","authors":"Kashan Pirzada, Kamran Ahmed, G. Moens","doi":"10.17323/2500-2597.2023.2.5.7","DOIUrl":"https://doi.org/10.17323/2500-2597.2023.2.5.7","url":null,"abstract":"The introductory paper of this special issue examines general issues of synthesizing the corporate strategies with the sustainable development goals (SDGs), as well as knowledge generation and adoption of new technologies to achieve SDGs. In the next section of this editorial, we summarise the eight papers included in this special issue. We conclude the editorial by offering insights for future research in this area.","PeriodicalId":45026,"journal":{"name":"Foresight and STI Governance","volume":" ","pages":""},"PeriodicalIF":1.2,"publicationDate":"2023-06-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47911907","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-03-20DOI: 10.17323/2500-2597.2023.1.34.50
José M. F. Silva, Guilherme Távora, S. Mendonça
The development of battery technologies is critical for energy transition strategies. This paper offers a comprehensive assessment of the trends and developments of battery innovation. Over 700,000 patents from the period of 2005-2019 are compiled and analyzed. Leading patent applicants and countries of origin are identified. Major patent applicants are mostly large East Asian companies, while Japan and South Korea are the leading countries followed by the US, Germany, and China. Different battery designs, the main battery components, and interactions with other clean technologies are examined. Based on the operative definitions for incremental/radical and product/process innovations, a battery innovation typology is set forth. The main findings are that patenting in batteries rises robustly and the lithium-ion battery is the most vibrant technology; lithium-sulfur and flow batteries are the most notable emerging technologies, while electrodes are the most salient battery component. The most significant interactions of batteries with clean energy technologies are between battery charging and photovoltaic energy as well as between battery charging and electric vehicles. Incremental innovation represents more than half of the patents, while product innovation represents approximately 70% of the total patents. This study presents findings that could be useful when making investment decisions on the development of battery and auxiliary low-carbon energy technologies.
{"title":"Reconfiguring the Energy Storage Landscape","authors":"José M. F. Silva, Guilherme Távora, S. Mendonça","doi":"10.17323/2500-2597.2023.1.34.50","DOIUrl":"https://doi.org/10.17323/2500-2597.2023.1.34.50","url":null,"abstract":"The development of battery technologies is critical for energy transition strategies. This paper offers a comprehensive assessment of the trends and developments of battery innovation. Over 700,000 patents from the period of 2005-2019 are compiled and analyzed. Leading patent applicants and countries of origin are identified. Major patent applicants are mostly large East Asian companies, while Japan and South Korea are the leading countries followed by the US, Germany, and China. Different battery designs, the main battery components, and interactions with other clean technologies are examined. Based on the operative definitions for incremental/radical and product/process innovations, a battery innovation typology is set forth. The main findings are that patenting in batteries rises robustly and the lithium-ion battery is the most vibrant technology; lithium-sulfur and flow batteries are the most notable emerging technologies, while electrodes are the most salient battery component. The most significant interactions of batteries with clean energy technologies are between battery charging and photovoltaic energy as well as between battery charging and electric vehicles. Incremental innovation represents more than half of the patents, while product innovation represents approximately 70% of the total patents. This study presents findings that could be useful when making investment decisions on the development of battery and auxiliary low-carbon energy technologies.","PeriodicalId":45026,"journal":{"name":"Foresight and STI Governance","volume":" ","pages":""},"PeriodicalIF":1.2,"publicationDate":"2023-03-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48193441","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-03-20DOI: 10.17323/2500-2597.2023.1.18.32
M. Kokoreva, A. Stepanova, Kirill Povkh
The recent increase in the share of zero-leverage firms is most pronounced in the Software and Services, Hardware Equipment, and Pharmaceutical and Biotechnical industries. The reasons for these industries’ conservative debt policies are not fully disclosed. How companies in technological sectors manage to perform well attracting no debt and loosing debt tax shield benefits is a mystery. This study aims to determine why high-tech firms are less likely to have debt in the capital structure. On the basis of a sample of US-based firms from the RUSSELL 3000 index for 12 years, we show the factors leading to a zero-debt structure. After dividing the sample into high-tech and non-high-tech subsamples, we demonstrate the gap between zero-debt motives for technological and traditional sectors. We show that the common determinants of corporate structure cannot fully explain why high-tech firms choose a zero-debt policy. Testing the possible motives of debt financing avoidance, we find that high-tech firms are more financially constrained than non-high-tech firms. We further show that unconstrained high-tech firms may avoid debt to maintain their financial flexibility. On top of that, managerial entrenchment also adds to the zero-leverage choice of high-tech companies. The study results are helpful for executive management teams and investors since they shed light on the specific style of financing choice for technological firms.
{"title":"The New Strategy of High-Tech Companies – Hidden Sources of Growth","authors":"M. Kokoreva, A. Stepanova, Kirill Povkh","doi":"10.17323/2500-2597.2023.1.18.32","DOIUrl":"https://doi.org/10.17323/2500-2597.2023.1.18.32","url":null,"abstract":"The recent increase in the share of zero-leverage firms is most pronounced in the Software and Services, Hardware Equipment, and Pharmaceutical and Biotechnical industries. The reasons for these industries’ conservative debt policies are not fully disclosed. How companies in technological sectors manage to perform well attracting no debt and loosing debt tax shield benefits is a mystery. This study aims to determine why high-tech firms are less likely to have debt in the capital structure. On the basis of a sample of US-based firms from the RUSSELL 3000 index for 12 years, we show the factors leading to a zero-debt structure. After dividing the sample into high-tech and non-high-tech subsamples, we demonstrate the gap between zero-debt motives for technological and traditional sectors. We show that the common determinants of corporate structure cannot fully explain why high-tech firms choose a zero-debt policy. Testing the possible motives of debt financing avoidance, we find that high-tech firms are more financially constrained than non-high-tech firms. We further show that unconstrained high-tech firms may avoid debt to maintain their financial flexibility. On top of that, managerial entrenchment also adds to the zero-leverage choice of high-tech companies. The study results are helpful for executive management teams and investors since they shed light on the specific style of financing choice for technological firms.","PeriodicalId":45026,"journal":{"name":"Foresight and STI Governance","volume":"49 20","pages":""},"PeriodicalIF":1.2,"publicationDate":"2023-03-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41245571","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-03-20DOI: 10.17323/2500-2597.2023.1.7.17
Veronika Belousova, Nikolay Chichkanov, Grigoriy Gashnikov, Zhaklin Krayushkina, T. Thurner
risis situations, like the COVID-19 pandemic, have historically been identified as times of enhanced innovation and entrepreneurial activities. Innovation actors are required to respond quickly to a new situation bearing in mind the effects of actions across their network of partners and competitors as well as rising economic complexity. Indeed, first indications suggest that this pandemic is no different and has facilitated the use of digital technologies. In order to assess these developments, this paper studies new service offerings based on digital technologies using the example of three major Russian banks. We found that banks have now developed into technology platforms that use their experience to engage in areas like education, advanced robotics, and health care. Technologies developed by partner organizations, such as the integration of blockchain solutions, have spread rapidly. Thereby, banks have obtained a strategic advantage for launching innovations in the financial industry, including technology and knowledge transfers from other industries.
{"title":"Technology-Intense Service Offerings in the Light of Economic Complexity: Establishing a Holistic Service Ecosystem","authors":"Veronika Belousova, Nikolay Chichkanov, Grigoriy Gashnikov, Zhaklin Krayushkina, T. Thurner","doi":"10.17323/2500-2597.2023.1.7.17","DOIUrl":"https://doi.org/10.17323/2500-2597.2023.1.7.17","url":null,"abstract":"risis situations, like the COVID-19 pandemic, have historically been identified as times of enhanced innovation and entrepreneurial activities. Innovation actors are required to respond quickly to a new situation bearing in mind the effects of actions across their network of partners and competitors as well as rising economic complexity. Indeed, first indications suggest that this pandemic is no different and has facilitated the use of digital technologies. In order to assess these developments, this paper studies new service offerings based on digital technologies using the example of three major Russian banks. We found that banks have now developed into technology platforms that use their experience to engage in areas like education, advanced robotics, and health care. Technologies developed by partner organizations, such as the integration of blockchain solutions, have spread rapidly. Thereby, banks have obtained a strategic advantage for launching innovations in the financial industry, including technology and knowledge transfers from other industries.","PeriodicalId":45026,"journal":{"name":"Foresight and STI Governance","volume":" ","pages":""},"PeriodicalIF":1.2,"publicationDate":"2023-03-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48520601","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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