Value Of Innovation Research Articles

Innovation Value Creation and Capture Model for Leveraging Turks and Caicos’ Emerging Food and Beverage Manufacturing Firms’ Competitiveness

In the constantly changing modern business environment, different emerging new businesses as well as the incumbents are increasingly adopting innovation as a performance enhancement strategy. In that context, this study uses interpretivist research paradigm as integrated with exploratory research design and qualitative research method to explore and analyse questions like how, what, when and why the emerging Turks and Caicos food and beverage manufacturing ventures undertake innovations in the way they do as well as the constraints associated with such innovation behaviours and practices. Using data from twenty purposively sampled product development managers that were drawn from 20 (twenty) emerging Turks & Caicos food and beverage manufacturing ventures, thematic analysis of the interview findings indicated most of the manufacturing entities to use a four steps’ process for innovation value creation and capture that encompass market survey, product development, marketing and promotion. Even if some of the emerging new food brands were copied and pasted from the foreign based food concepts, they stated that the emerging food and beverage businesses that use the appropriate innovation value creation and capture strategies have still been able to gain the desired competitive edge. But even if this bolsters improved competitiveness and performance of most of the emerging food and beverage manufacturers, dynamics and complexities were still found to arise from inadequate financial capital, poor top management’s commitment, changing competition landscape and lack of the required talents. To therefore deal with such complexities and dynamics, it is recommended that the emerging Turks and Caicos food and beverage manufacturing firms must adopt the Four Steps’ Process for New Product Development/Innovation Value Creation and Capture Model encompassing industry and market analysis, product conceptualisation, product development, commercialization as well as periodic monitoring, evaluation and improvement.

Editorial Presentation - Perspectives on innovation governance: challenges and dilemmas

Editorial Presentation - Perspectives on innovation governance: challenges and dilemmas

Customer Relationship Management System at Aesthetic Clinic

Accessing and processing information more effectively and efficiently is made possible through the employment of quality information technology, one of which is in the technology the clinic requires. According to our case study, the clinic is still manually documenting customer service data and experiencing declining repeat client visits. Utilizing information technology is necessary for efforts to boost customer value innovation. As one of its aspects, Customer Relationship Management uses a framework of dynamics to acquire customer satisfaction data from loyal customers. The utilization of customer data will be categorized into platinum, gold, and silver using a ranking system for decision-making with the Simple Additive Weighting method—rating customers through the normalization of a decision matrix. The maximum consumer value based on the parameters determined by the choice matrix is one, while the lowest is 0.27. The testing that has been conducted is black-box testing. It is determined that 100 percent of the system's functionality is operating correctly, and UAT testing reveals that all features operate properly. Usability Testing conducted on patients yielded a ratio of 78.1%, indicating that the clinic evaluated customer satisfaction with the customer relationship management system.

Motivation, Business Ecosystem and Driving Synergies: The Strategic Merger of Dianping and Meituan

The landscape of the Chinese service business has been drastically altered by the combination of Dianping and Meituan. This study investigates the research background, substance, goal, importance, and policy suggestions while exploring the key results and fundamental concepts associated with this merger. The background research focuses on the dynamics of competition and the reasons for the merger in the Chinese service sector. The research looks at how the merger will affect consumer satisfaction, service diversity, and market share. It also looks at how combining resources and knowledge may improve both operational effectiveness and competitiveness. The goal of the research is to make legislative suggestions to maximize the benefits of the merger while also delivering insights for investors and business executives. These suggestions place a strong emphasis on the value of innovation, customer-focused tactics, and fair competition. The research also recommends that investors keep a careful eye on market movements and adjust their strategy as necessary.

E-Commerce Entrepreneurship: Navigating the Evolving Landscape of Online Business Opportunities

This study investigates how the e-commerce entrepreneurial climate is changing and offers a full examination of the opportunities and challenges facing online enterprises. It's crucial to have a solid understanding of e-commerce entrepreneurship in this era of fast digital development. This study aims to provide a comprehensive analysis of e-commerce entrepreneurship by tracing its historical development, outlining the theoretical underpinnings, analyzing different online business models, and looking at the complex factors that influence success in this quickly changing digital environment. Ecommerce is very promising, but it also poses several difficulties for business owners. Even though the topic has seen a lot of study, there is still a research gap. There is a shortage of qualitative study on the inventive strategies, multidisciplinary connections, and dynamic character of e-commerce companies. This study undertakes a thorough examination of related literature, including case studies, questionnaires, and comparative analyses, using a qualitative research technique. A sound conceptual framework is developed via thorough research and the synthesis of data from many sources. This study identifies and addresses a gap in the literature on e-commerce entrepreneurship studies by offering a thorough analysis of this difficult topic. It encourages interdisciplinary thinking and gives lawmakers and business leaders strategic guidance. Given the historical context, theoretical foundations, business models, and success criteria, the research's findings provide important understandings into the intricacies of e-commerce entrepreneurship. For e-commerce business owners and legislators, strategic advice are provided, with an emphasis on the value of innovation, flexibility, trust-building, and cross-disciplinary cooperation. In conclusion, this study fills a research need, provides direction for future initiatives in this transformational digital space, and acts as a compass for navigating the shifting environment of e-commerce entrepreneurship.

Pengembangan Lembaga Paud Islam Dalam Perspektif Blue Ocean Strategy

This study aims to describe and analyze the development of Islamic PAUD institutions carried out by TK ABA Majapahit Kalierang Bumiayu Brebes in the perspective of blue ocean strategy. This research is a naturalist qualitative research. Data were collected using interviews, observation and documentation. Then the data were analyzed using the data analysis technique of the Miles and Huberman model. The results showed that the steps taken in implementing the blue ocean strategy to develop PAUD institutions in TK ABA Majapahit were: (1) Creating a canvas for the development of Islamic PAUD institutions; (2) Create a framework for Islamic PAUD institutions; (3) Create three levels of non-customer Islamic PAUD services; (4) Create a framework for six paths for the development of Islamic PAUD institutions; and (5) Creating the value of innovation in the provision of Islamic PAUD services.

SUSTAINABLE INNOVATIONS, STRATEGIC MANAGEMENT, SUPPLY MANAGEMENT AND R&D ACTIVITIES IN THE COSMETICS INDUSTRY:

Purpose – In this study, in the light of best practices and strategies of AKALIFE PHARMACEUTICALS, which develops first-class cosmetics and dermo cosmetics products and manufactures also food supplements; the research question “How cosmetics companies can sell their sustainable innovations to the customers?” has been answered.
 Design/methodology/approach – In order to answer the research question a survey was formed and the data obtained from this survey, The paper discusses what takes for a cosmetics companies to achieve sustainable accomplishments in a cosmetics industry. In this context, besides the accomplished practices of AKALIFE PHARMACEUTICALS, data was collected from 107 people by survey method by selecting three independent variables that are effective on the preferability of sustainable innovations in the cosmetics sector. The statistical analyzes of these data were completed and the findings were discussed.
 Findings – As a result of the analysis, it has been observed that the most effective primary factor on the preferability of sustainable innovations invented on the cosmetics industry by customers is R&D activities. The fact that cosmetics companies develop niche formulas that have never been applied before and produce unique cosmetic products by supplying raw materials that have not been used in any cosmetics product before, brings about them to strengthen their position in the cosmetics market and provide a strong comparative advantage over their rivals. It has been observed that the effectiveness of strategic management is almost as effective as the efficiency of supply management, although not as much as the efficiency of supply management, in the customer's preference of cosmetics products as sustainable innovations.
 Originality/value – Cosmetics industry, which is a dynamic and innovative sector that is always open to change, attracts the attention of many entrepreneurs and investors in these days. The study concludes that it is crucial for sustainable cosmetics companies to take advantage of the values of sustainability, healthy content, uniqueness and innovation in generating a prosperous corporate identity and potent brand image that customers will adhere to.

Do Innovation and Institutional Quality Elevate Economic Growth? Empirical Evidence from Developing Countries

Research Highlights • An assessment of institutional quality, innovation, and economic growth in developing countries. • Long-run causality from innovation and institutional quality to economic growth is present. • Short-run directions of causality are varied among variables of interest. • Innovation and institutional quality generally positively impact economic growth. Continuous innovation is the lifeblood of a competitive economy. Furthermore, and arguably, the existence of institutions of governance of quality can be a catalyst for emerging economies to transition up the universal innovation value chain. In this context, we investigate temporal causal interactions among institutional quality, innovation, and economic growth for developing countries (DCs) spanning the period of 2005–2020. Employing a vector error-correction model (VECM), we find that for each case and specification (49 instances), there is evidence of the long-run causality from institutional quality and innovation to economic growth. Stated another way, in the long run, institutional quality and innovation Granger-cause economic growth. However, the short-run causality results differ depending on the specific measures of innovation and institutional quality. The strongest short-run conclusion is support for the feedback hypothesis for economic growth and innovation where there is a strong endogenous relationship between innovation, institutional governance, and economic growth. The empirical analysis shows over 70% of our observations support that economic growth and innovation jointly determine each other in the short run. The results suggest that DCs should develop and pursue long-term growth strategies that simultaneously develop innovation and improve institutional governance.

The impact of entrepreneurship knowledge on students' e-entrepreneurial intention formation and the moderating role of technological innovativeness

In the era of Industry 4.0, online entrepreneurship is gradually seen as an essential tool that brings innovative values to the integration and development of a country. The rapid failure of nascent businesses stemming from a lack of human capital directed this study to explore the role of students' knowledge and technological innovativeness in motivating students to form e-entrepreneurial intentions. Information collected from 405 students from universities in Vietnam via online questionnaires was analysed using SmartPLS 4 to test the relationships among seven factors proposed in the research model. The results show that entrepreneurial education and prior experiences are the foundation for improving students' perceived feasibility and usefulness, forming their entrepreneurial motivation. Next, entrepreneurial motivation becomes an important premise for promoting students' entrepreneurial intentions more effectively. Furthermore, the study found that students' technological innovativeness moderated the relationship between their entrepreneurial motivation and intention to set up a digital business.

Jewish and Arab teachers' views on school communications, innovation and commitment after COVID-19: sector of education as a moderator

PurposeThe study investigated the correlation between school communication and teachers' perceptions of the school's innovative climate in the Israeli education system during the coronavirus disease 2019 (COVID-19) crisis. Furthermore, this study examined the role of affective commitment and the role of sector (Arab or Jewish) in these correlations.Design/methodology/approachFirst, Arab and Jewish teachers studying toward their MA degree were randomly selected from 2 higher education institutes in Israel, and then other teachers were selected using the snowball method through teacher groups on the Facebook social network and WhatsApp groups (N = 383).FindingsThe findings revealed major differences between Arab and Jewish teachers. Among Arab teachers, the correlation between school communications and an innovative climate was found to be mediated through affective commitment, whereas among Jewish teachers, a direct correlation was found between the first two variables. The correlation between school communications and affective commitment was found to be stronger among Arab teachers than among Jewish teachers.Originality/valueThe study results confirmed that school communication and affective commitment hold a significant predictive value in school innovation and highlight the importance of affective commitment in supporting innovation. The study adds to the body of research directed at identifying antecedents to innovative climate as well as studies examining the effects of school communications on affective commitment and innovative climate in a multicultural society, both in regular and emergency situations. The findings can also provide valuable insights for culturally sensitive and relevant education policy design and management in the post-COVID-19 period.

Value Innovation in Enterprises under Digital Transformation: An Empirical Study Based on Managerial Economics

The evolution of digital technology in the past decade has propelled a sweeping wave of digital transformation, enveloping businesses across the globe. As enterprises are hastening to adapt and evolve, there is a profound metamorphosis in traditional business models and the very fabric of market structures. With digital interfaces becoming the forefront of customer interactions, supply chain management, product innovation, and organizational processes, there arises a pivotal question: How does this seismic shift influence value innovation? This study embarks on an exploration to decipher the impacts of digital transformation on value innovation, delving deep into the intricacies through the lens of managerial economics. By scrutinizing empirical data and employing analytical tools, we aim to unfold the synergies and discrepancies between digital strategies and economic value creation in the contemporary business milieu.

Entrepreneurial habits and Adolescent Socialization into Economic Independence among the Bamilékés of West Cameroon

Purpose: Entrepreneurial spirit and achievement is often linked to the cultural value of a people and such innovative and economic-driven values have today been perceived as core antecedents of business start-up. The journey from childhood to adulthood also goes with the transition of adolescents to economic independence and often ensured through socialization into work and entrepreneurial-driven cultural values. This study sought to examine the effect of entrepreneurial habits on adolescent socialization into economic independence among the Bamileke of Cameroon. The Social Cognitive Theory of Albert Bandura (1977) provided the theoretical starting point for this study.
 Methodology: The study adopted a quantitative design to test the influence of entrepreneurial habits on socialization of adolescents into economic independence. The study site was the Beamlike society of the West Region of Cameroon. With regard to sample, 384 adolescents were recruited from 8 selected villages for the study. Participants were selected using purposive sampling and a questionnaire with determined internal reliability coefficient was used for information gathering. Data were analyzed using both descriptive and inferential statistics.
 Findings: Results show that entrepreneurial habit was able to explain the variations in economic independence at 73.7%. Analysis also suggested that a unit increase in the level of entrepreneurial habit will increase socialization into economic independence at 0.324 units. Furthermore, results confirmed the model as a good fit (F= 1068.761), and consequently, the null hypothesis was rejected.
 Recommendations: Therefore, work habit significantly estimated the level of socialization into economic independence of adolescents. Considering that entrepreneurial development is the most important input in the economic development of any society, the objectives of industrial development, balanced regional growth, and generation of employment opportunities should be achievable through entrepreneurial development and this depends on the inculcation entrepreneurial values in young people. Therefore, adolescents should be socialized and guided on how to develop business habits in order to be able to detect opportunities, indulge in business start-up in order to achieve economic independence. The Government strategies of creating job creators should be reinforced at the grass-root and this should build on the creative and innovative values of a people.

Does green innovation facilitate firms' access to trade credit?

Employing a large sample of Chinese firms, this study examined the influence of corporate green innovation on firms' access to trade credit. The results indicated a positive association between green innovation and firms' capability to access trade credit, suggesting that suppliers value firms' green innovation capabilities. This relationship was strengthened after the implementation of the new Environmental Protection Law (EPL) in 2015, which enhanced the value of green innovation. The findings remained robust to several robustness tests. The results suggest that green innovation helps firms access trade credit through better environmental, social, and governance (ESG) scores and more state subsidy channels and plays a more pronounced role for financially constrained firms, non-state-owned enterprises, firms with lower bargaining power, and firms located in regions with better intellectual property rights protections. Green innovation is valuable for future corporate growth and shareholder value. Overall, this study reveals the value of green innovation through informal corporate financing.

«Модальность» как основа композиционной техники фортепианной прелюдии Клода Дебюсси «Паруса»

The article is devoted to the interpretation of "modality" as a compositional technique that embodies an emotional component. The study establishes that the principles of modality, in many ways, contradict the tonal system. It concludes that pure modality is encountered very rarely, as it usually complements other techniques. A unique example in this regard is Claude Debussy's piano piece "Voiles" (1909) from his first book of preludes (1910). The innovative value of Debussy's musical discoveries is hard to overestimate. The novelty of his music is associated, in part, with moving away from the traditional harmonic framework. In this sense, Debussy continues the discoveries of Modest Petrovich Mussorgsky (1839-1881).

The Relationship between Alumni Network and Exploratory Innovation: The Mediating Role of Enterprise Risk-Taking

In an increasingly open innovation environment, executives, as the core of corporate management and the main body of decision-making and execution, play a significant role in implementing innovation-driven development strategies. Based on executives’ educational background, we constructed an executive alumni network platform using data from Chinese A-share listed companies from 2007 to 2019, and calculated the centrality indicators. The aim was to comprehensively explore the relationship between alumni networks and exploratory innovation in enterprises, and examine the mediating effect of enterprise risk-taking. Empirical results show that executive academic background networks can promote the development of exploratory innovation activities in enterprises. In other words, these networks provide the social relationships and trust foundation necessary to support innovation effectively. Enterprise risk-taking plays a mediating role in the relationship between alumni networks and exploratory innovation, underscoring the importance of risk-taking. Further research reveals that alumni networks have a significant positive impact on the sustainability of innovation, emphasizing the long-term value for corporate innovation. These findings demonstrate that alumni networks play a critical role in corporate innovation activities and provide theoretical support for advancing research in corporate innovation and sustained development.

Innovative and entrepreneurial characteristics of university students based on logistic regression model

Abstract This paper proposes a logistic regression model with structural sparsity to study the characteristics of innovation and entrepreneurship among college students. The article first analyzes the basic form of the logistic regression model, including the objective function and the selection method for the penalty function. Then, because the ADMM algorithm combines the advantages of augmented Lagrangian and pairwise decomposition, which can reduce the computational difficulty and complexity, based on this advantage, this paper designs the ADMM algorithm solution framework that is favorable for distributed computing. Finally, this paper analyzes the relationship between the development of innovation and entrepreneurship ability of students in R colleges and universities and their gender, grade, academic foundation, experience in clubs and discipline type. The results yielded that college students’ mean value of innovation and entrepreneurship competence in HEI R was 3.734. The mean value of the scores of each sub-competence ranged from 3.531 to 3.918, which puts the overall innovation and entrepreneurship competence of students in this university at an intermediate level. Therefore, this study plays an important role in understanding the innovation and entrepreneurial characteristics of students in higher education.

Analysing the Effect of Increase Factors on the Performance of Tea Companies in Nandi County, Kenya

Blue ocean concept plays a critical role in strategic management in organization especially in tea industry which has led to tremendous growth over the past years. It is in regard to this strategic focus that this study sought to establish the effect of increase factors on the performance of tea firms in Kenya. The study was guided by the Value Innovation Theory and adopted a case study research design. The study population comprised a total of 99 top management staff from tea firms in Nandi County. The study used non-probability sampling design by applying a purposive sampling technique. The primary method employed for data collection was the use of questionnaires, which were self-administered by the respondents. The data collected was analysed using both descriptive and inferential statistics. Data was analysed with aid of SPSS software and linear regression model was used to determine the association between independent variable and dependent variable. The findings were presented using tables and graphs. The study found that increase factors was statistically significant to performance of tea firms (β1=0.888, p=0.000, p<0.05). The study concludes that increase factors are statistically significant in explaining performance of tea firms in Kenya. The study recommendations was to increase the factory door sales to local markets which will likely increase the domestic consumption. Keywords: Increase factors, Performance, Tea Industry, Value Innovation

Manufacturing of Tools and User Assistance for Spice Grinding Machine for Setia SMEs

Purpose: This research project aims to address operational challenges faced by Setia SME, which specializes in spice sales. Specifically, we aim to design a spice-grinding machine to enhance processing efficiency.
 Method: We conducted a comprehensive analysis of Setia SME's challenges and formulated a research design that included machine development. Data collection involved surveys, interviews, and on-site observations, analyzed for feasibility.
 Practical Applications: The successful implementation of the spice grinding machine will boost Setia SME's operational efficiency by eliminating off-site grinding, reducing costs, and increasing production capacity. The technology may benefit other SMEs in the spice industry.
 Conclusion: This research offers practical solutions to Setia SME's spice processing challenges, demonstrating the value of innovation and technology for SMEs in improving efficiency and sustainability.

Using Fractal Enterprise Modeling in Strategic Analysis with Focus on Intangibles: Empirical Study in Product Innovation

This article presents a new meta-modeling approach for intangible resources. The method combines Enterprise Modeling (EM) and the resource value innovation model from the knowledge management (KM) field. In particular, fractal enterprise modeling (FEM) language has been used for constructing the intangible resources’ level of development. The practical application of the proposed method deploys a real case example in the strategic analysis of the organizational change within the product innovation activities. The results imply that the proposed method has a good potential to incorporate the intangibles into EM. First, it has been possible to represent the intangible resources’ level of development. Second, the FEM models produced in the study have been useful in the analysis of how tacit knowledge is acquired and appropriated within the organization’s strategic capability building. The study resulted in producing modeling and analyzing patterns that can be reused in similar situations. The research followed the Design Science Research (DSR) methodology.

Co-designing doctoral programs to enhance postgraduate students' employability: insights from industry stakeholders

PurposeDoctoral programs play a crucial role in promoting innovation and technology transfer in universities. To design these programs effectively and with a co-design perspective, it is essential to consider all stakeholders involved in the process, including teachers, students and employers. The main objective of this study is to enhance postgraduate programs to improve students' employability.Design/methodology/approachThis empirical study was conducted over a three-year period and employed semi-structured interviews as its primary research methodology. In the first phase, 21 in-depth semi-structured interviews were conducted with managers from various sectors. The second phase involved 20 interviews, and the final phase of the study included 18 interviews with the same managers from previous phases.FindingsThe study's main results revealed that the international networks, language proficiency and analytical skills of doctoral students were highly valued by employers. The main findings come from companies with doctoral students. Therefore, the skills were identified during the learning experience of the PhD graduates in the companies.Practical implicationsThe study's results can guide improvements in postgraduate program curricula and design to enhance students' employability.Originality/valueThis research presents a novel approach to its findings. On the one hand, the study's conclusions may provide valuable insights for business agents, encouraging them to hire PhD students. On the other hand, it aims to drive necessary changes that promote more PhD students' focus on non-academic careers, creating significant value for research and innovation in the private sector.