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Beyond Net-Zero: Societal Transformations towards Climate Positive Futures

“Addressing the climate challenge presents a golden opportunity to promote prosperity, security and a brighter future for all.”Ban Ki-Moon, Former Secretary-General of the United Nations. Humanity is pushing the earth system beyond its natural limits. Rapid population growth and exponential consumption exert synergistic and compounded strains on our planet. Evidence of the untenable nature of this strain abounds, in the form of accelerated, widespread and intensifying climate change (United Nations, 2021), drastic reduction in biodiversity, overexploitation and depletion of natural resources, and degradation of ecosystems. Calculated by the Global Footprint Network, the Earth Overshoot Day (EOD) succinctly and illustratively captures this divergence between humanity’s ecological footprint and earth’s biocapacity. The EOD marks the point in the year when humanity’s demand for resources in a given year exceeds what the earth can replenish in that same year, and has come earlier and earlier since first calculated in 1971. In 2023, it fell on August 2 (Global Footprint Network), leaving us in an ecological deficit for the remaining part of the year. The science-based planetary boundaries framework developed by the Stockholm Resilience Centre is another powerful visualisation of the state of our planetary systems. Their 2023 assessment reports that six of the nine planetary boundaries (e.g. freshwater change, biosphere integrity, biogeochemical flows, novels entities such as plastics, etc) have been transgressed, thereby heightening the risk of large-scale, abrupt, and irreversible environmental changes. (continued...)

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Will Machines Innovate for and with Us - What Kind of Strategic Themes Could Belong to Innovation Automation?

The Internet economy and computer-aided innovation enable improvements in the quality and quantity of outcomes of innovation processes. Traditional “research pipes” are often too slow to fit with contemporary business logic. In this paper, we focus on the intersection of innovation and automation and the potential they create together. Innovation automation represents a next generation of automation that has structural implications. Automation in the innovation context is about maintaining the richness of creative innovation processes while also absorbing a greater amount of data, information, and knowledge inputs and producing more holistic outputs that meet customer needs better and are faster on the market. The paper builds a novel academic “playground” for the research on innovation automation as the efficient and effective use of co-creative intelligence—the fusion and mixture of artificial intelligence, human intelligence, and the intelligence of crowds. Covering the wide field of innovation automation requires various future research programs. The main focus areas in this paper are related to understanding innovation automation, enabling the way to new management of innovation and ecosystem development. We also propose relevant research themes for the future.

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Digitalization and Firm Performance: Empirical Evidence from Forbes-listed Companies

As the world goes digital, many companies have found that their performance improves when they digitize their operations. This is especially true in light of the COVID-19 pandemic, as companies must rely more on digital tools to survive. Our paper aims to examine the connection between digital competitiveness and the financial performance of 86 digital businesses at the country level before, during, and after the COVID-19 pandemic over the period 2017--2021. Unlike previous findings that relied on qualitative methods, our research relies on quantitative methods. More precisely, we empirically examine the impact of digital competitiveness (i.e., an index) on financial performance (i.e., measured by return on assets) through linear regression models and panel data regressions for three specific periods (2017-2019 pre-pandemic, 2020 pandemic, and 2021 post-pandemic). We found that COVID-19 allows firms to adopt digitalization. More specifically, comparing the three periods, we discovered that digital competitiveness positively influences business financial performance in the post-Covid era. Looking ahead to the post-Covid world, it is clear that companies must prioritize digital competitiveness to ensure their long-term success. Governments can learn important lessons from this research on how to help companies digitize."

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