Technological Innovation Strategy Research Articles

Circular Economy: A Technological Innovation Strategy for Sustainability in Air Transport

This work aims to identify innovations, technological advances, and best practices to migrate towards a circular economy in air transport. The relevance of the research lies in the contribution to the generation of circular economy knowledge in the field of administration with application in the aeronautical industry. By analyzing literature and best practices, the circular economy could be a viable solution to reduce the use of natural resources in aircraft manufacturing and airport operations. Among the main findings are innovations and technological developments in new materials, fuels, building methods, and best practices implemented at airports to obtain energy and generate less waste. It has also been identified that applying circular economy principles in this mode of transport would contribute to sustainability efforts and increase the competitiveness of organizations in the sector.

A New Perspective on Strategic Choices for the Survival and Development of Energy Enterprises: An Analysis of Market Power, Innovation Strategy, and Sustainable Development of Major Multinational Oil Companies

As global economic recession and deterioration of the ecological environment become increasingly prominent, every responsible enterprise, especially the energy enterprises with more environmental controversies, will be faced with the most difficult choice regarding sustainable operation in history: market power expansion strategy, or technological innovation strategy? Most of the literature supports the finding that the former can occupy the market advantage and obtain the current market survival, but the future potential is low, while the latter reduces the firm’s negative externality and gains future competitiveness, but current profits are reduced. This paper proposes a new perspective to evaluate the “sustainable development of enterprises” and then constructs a new measurement model, using a linear regression model for empirical analysis, which provides technical support and guidance for energy enterprises facing this decision-making dilemma. For further research, we have proposed more practical business management strategies for the sustainable development of petrochemical companies in developing countries.

Innovation Strategies and Performance of Tea Firms: A Case Study of James Finlay (Kenya) Limited

Purpose: A business must endeavor to achieve a certain level of economic gain and at the same time improve organizational performance to be able to compete with similar players in the industry. An innovative approach is guaranteed to have a positive and huge influence on realization of organizational improvement. An innovation strategy helps the leadership of an organization to come up with systems that can match their competitive needs. This study purposed to investigate the influence that innovation strategies have on the performance of Tea firms in Kenya. The study aimed to assess the following specific research objectives; to determine the influence of process innovation strategies on the performance of James Finlay Kenya Limited; to establish the influence of product innovation strategies on the performance of James Finlay Kenya Limited; to establish the influence of technological innovation strategies on the performance of James Finlay Kenya Limited; to determine the influence of market innovation strategies on the performance of James Finlay Kenya Limited.
 Methodology: The study used descriptive research design in tandem with correlational research design. The management, senior and junior staff of four departments at James Finlay (Kenya) Limited that are a total of 150 staff members formed the population size for this study while the sample size was a total of 109 staff. Primary data was collected using a questionnaire. SPSS software was then used to analyze the data because it was appropriate and easy to use in analyzing the responses submitted by respondents. Descriptive and inferential statistics models were used in the research for data analysis and the findings were presented through tables and figures. 
 Findings: The study ascertained the existence of a positive relationship between innovation strategies and the performance of tea firms in Kenya. Innovation strategies account for 77.4% of the total variance in the tea firms’ performance. Since innovation strategies account for such a huge percentage of the tea firm performance in Kenya, it was recommended that tea firms should utilize Process Innovation, Product Innovation, Technological Innovation, and Market Innovation Strategies in their operations, since this would assure their performance up to 77.4%.
 Unique contribution to theory, practice and policy: The study thus recommended that tea firms should employ these strategies to ensure their overall improved performance.

Interplay of Product and Technological Innovation Strategies for Performance Improvement among Government Parastatals in Kenya

Many Kenyan parastatals struggle with financial challenges, including EPZA Athiriver. This study explores how effective innovation strategies can improve performance and address declining revenue issues. The purpose of this paper was to assess the influence of product and technological innovation strategies on the performance of government parastatals. A descriptive research design employed structured questionnaires administered to a stratified random sample of 109 employees from Finance, Human Resources, and Marketing departments, of government parastatals in Kenya. The findings of the regression analysis revealed statistically significant positive relationships between Product Innovations and Performance (β=0.48, p-value=0.0137), highlighting the critical role of product innovation in driving performance improvements, as well as technological Innovations and Performance (β=0.41, p-value=0.0235), affirming technological innovation as a crucial factor in enhancing performance. The study affirms that both product and technological innovation strategies significantly impact the performance of government parastatals. These findings emphasize the transformative potential of strategic innovation for government parastatals and offer valuable insights for revitalizing their financial health.

New energy vehicles' technology innovation coordination strategy based on alliance negotiation under dual credit policy.

The development of new energy vehicles (NEVs) is one of the effective ways to alleviate carbon emissions, environmental pollution, and energy scarcity in the transportation sector. The Chinese government has innovatively proposed the "dual credit policy," but it is still a hot topic whether it can promote the NEVs' technological innovation. In this study, we construct game models and obtain the technological innovation strategies for NEVs under the dual credit policy, considering that the NEV supply chain contains one manufacturer and N suppliers. Further, we construct bargaining game models and study how to encourage manufacturers and suppliers to enhance technological innovation, realize supply chain coordination, and give the alliance strategy to maximize suppliers' profit. We found that the dual credit policy can effectively stimulate technological innovation, and the higher the credit price or technological innovation credit factor, the higher the technical level of NEVs. The findings could guide the government to adjust and revise the policy. Second, we found that the bargaining games could coordinate the NEV supply chain so that decentralized enterprises can achieve optimal technological innovation under centralized decision-making. Third, we found that suppliers can improve their profits by choosing a suitable alliance strategy under the manufacturer's different negotiating power.

Influence Technological Innovation, Social Media & Marketing Increasing Productivity And Growth Jakarta's UMKM

The growth and sustainability of DKI Jakarta's micro, small, and medium enterprises (UMKM) in the current digital era is greatly influenced by their ability to utilize technological innovation, social media, and effective, interactive, and creative marketing strategies. This research aims to study the effect of using technological innovation, social media and creative, interactive and effective marketing media on the productivity and growth rate of UMKM in DKI Jakarta. This case study was conducted on Jakarta residents, and data was collected through a questionnaire survey. The results of the analysis show that DKI Jakarta UMKM that are successful in utilizing the latest technology and integrating it into their daily operations experience a significant increase in productivity and business growth. The use of apps, interactive marketing on social media and product and service innovation are key factors that support the success of this study. This research makes an important contribution in understanding the role of technology, marketing media and social media in supporting DKI Jakarta UMKM. The implication of the findings of this research is the importance of training and mentoring in assisting DKI Jakarta UMKM in developing their digital skills. In addition, cooperation with e-commerce platforms and the use of interactive marketing strategies also need to be improved.

Strategic Technology Innovation of a Basic Product in an E-Commerce Platform Supply Chain with a Potential Entrant in a Complementary Goods Market

This paper examines the impact of a potential entrant’s entry into the complementary goods market on the technology innovation of the basic product. We focus on an e-commerce platform supply chain comprising a manufacturer, an e-commerce platform, and a potential entrant. The manufacturer distributes a basic product and a complementary product through the e-commerce platform. The manufacturer has the option to improve the quality of the basic product through technology innovation. The determination of whether the potential entrant enters the market for complementary goods is contingent upon its observation of the manufacturer’s technology innovation strategy. Upon the potential entrant’s entry into this market, competition ensues between the potential entrant and the manufacturer in the realm of the complementary goods market. Our findings reveal a trade-off: on the one hand, the manufacturer’s decision to forgo technology innovation results in reduced profit, while, on the other hand, technology innovation attracts the potential competitor to enter the complementary goods market, which also leads to decreased profit. Under certain circumstances, the loss incurred by the former is less than that incurred by the latter. Consequently, the manufacturer may choose to forego technology innovation to prevent the entry of the potential entrant in the complementary goods market. Furthermore, our study demonstrates that the entry of the potential entrant can yield a mutually beneficial outcome for the manufacturer, the platform, and the potential entrant, creating a win–win–win scenario. In addition, our results suggest that as the production cost of innovative products rises, the manufacturer may have a stronger incentive to intensify its innovation efforts in response to the potential entrant’s exit from the market. Finally, we establish that our main results remain robust even when some of our initial assumptions are relaxed.

Substantial innovation or strategic innovation: An evolutionary game analysis of companies' green technology innovation strategies under carbon emission trading market

AbstractAlthough both the carbon emission trading market (CETM) and government regulatory actions promote companies' green technology innovation (GTI), little research has considered whether such innovation is substantial. In this paper, we categorize companies' GTI strategies into substantial innovation and strategic innovation. Considering market powers, the heterogeneity of companies, and the mutual influence of governments and companies, we construct a tripartite evolutionary game model that involves large and small companies and the government and conduct a simulation utilizing data on China's CETM. Our findings reveal that carbon trading prices, innovation subsidies, and the government's verification mechanism are the main factors that affect companies' choices regarding substantial innovation. However, the current carbon trading prices in China are relatively low, and companies are still likely to choose strategic innovation. Moreover, we find that when the substantial innovation of large companies exerts a greater impact on the product revenues of small companies, small companies are more inclined to choose substantial innovation. Therefore, in an effort to induce companies to choose substantial innovation, the CETM should play the leading role in this situation, and the government should implement different innovation subsidies and improve the verification mechanism.

Technological innovation strategies of information and communication technology enterprises: A comparative study of China, US, and Europe

To investigate the innovation strategies of ICT enterprises, this paper conducted Latent Dirichlet Allocation (LDA) semantic topic analyses. Taking large ICT enterprises in China, the US, and Europe as representatives, the innovation strategies were compared. The results show that US and European firms conducted strategic innovation direction management earlier. However, Chinese firms have strong learning abilities and can quickly catch up. US and European firms are more effective in innovation quality control. Chinese firms have an advantage in innovation output maintenance. The results hold significant reference value in guiding the innovation strategies of ICT enterprises and government policy-making.

Discussion on the Relationship between Environmental Regulation and Green Technology Innovation from the Perspective of Innovation External Cooperation: Evidence from Chinese Private Enterprises

A number of studies have confirmed the Porter hypothesis that moderate environmental regulation can facilitate the adoption of green technology innovation strategies by cooperatives. However, the existing research has not clearly analyzed the paths of environmental regulation affecting green technology innovation and how internal factors act on the transmission path. To this end, this paper empirically examines the relationship between environmental regulation and enterprises’ green technology innovation from a collaborative innovation perspective, using data from the 13th Private Enterprise Survey in China as the sample. The findings show that: (1) the intensity of environmental regulation set by the Chinese government does promote enterprises’ green technological innovation, and this result will not change due to the difference between green process innovation and green product innovation; (2) under the constraints of environmental regulation, the allocation of resources through the mode of cooperative innovation to promote green technology innovation is an important transmission path, that is, cooperative innovation is an important mediating variable between environmental regulation and enterprises’ green technology innovation; (3) the management structure of enterprises can positively moderate the relationship between environmental regulation and collaborative innovation, i.e., the more managers, the more significant the influence of environmental regulation on collaborative innovation; (4) the stronger the social responsibility of enterprises, the more likely it is that the innovation resources obtained through collaborative forms will be allocated towards green technology innovation. However, such a moderating effect only exists in two types of cooperation: collaborative R&D and commissioned research. This research tells us that while environmental regulations continue to be strengthened, it is necessary to create an environment conducive to collaborative innovation but also to pay attention to the need for joint decision making and increase corporate social responsibility.

INNOVATIVE BUSINESS MODELS DRIVEN BY AI TECHNOLOGIES: A REVIEW

In an era where artificial intelligence (AI) is revolutionizing business paradigms, this study delves into the intricacies of AI-driven business models, offering a nuanced understanding of their emergence, evolution, and impact on traditional business strategies. This scholarly inquiry aims to dissect the role of AI in reshaping business models, highlighting the interplay between technological innovation and business strategy. The study meticulously examines the integration of AI into various business facets by employing a systematic and thematic analysis of a diverse range of literature, including academic journals, industry reports, and case studies. This methodological approach facilitates a comprehensive understanding of AI's role in business innovation, addressing both the opportunities and challenges it presents. The findings reveal that AI-driven business models are characterized by enhanced operational efficiency, data-driven decision-making, and customer-centric approaches. These models signify a transformative shift from conventional business strategies, demanding a reevaluation of leadership roles and ethical considerations in the digital age. The study identifies key challenges in AI implementation, such as technical complexities and ethical dilemmas, while uncovering AI's vast opportunities for business growth and competitive advantage. Conclusively, the study recommends a balanced approach to AI integration, emphasizing the need for ethical AI practices, continuous adaptation, and a synergy between AI capabilities and human insights. It advocates for business leaders to embrace AI not just as a technological tool, but as a catalyst for sustainable and innovative business growth. This scholarly work contributes significantly to the discourse on AI in business, providing a foundational framework for future research and practical application in AI-driven business innovation. 
 Keywords: Artificial Intelligence, Business Models, Digital Transformation, AI Integration, Leadership in AI, Ethical AI Practices.

Pathway to sustainable economic growth: Linkage among energy consumption, carbon emissions, climate change and technological innovation

This paper investigates the impact of climate change and technological innovation on economic growth, energy consumption, and carbon emissions by using annual observations of a wide range of variables of Asian and European countries from 1996 to 2021. The study uses a dynamic GMM model and reveals significant regional heterogeneity and time-varying effects of technological innovation on economic growth. Technological innovation plays a more substantial role in promoting sustainable economic growth in European countries compared to Asian countries. The study also uncovers a spatial linkage and dependence between climate change and technological innovation. The technological transfer from European countries has increased energy consumption and carbon emissions in Asian countries, leading to abnormal climate change. The paper underscores the importance of targeted technological innovation strategies in Asian countries to improve energy efficiency and mitigate climate change. The study also confirms the EKC hypothesis with an observed inverted U-shaped relationship between economic growth and carbon emissions.

MOTIVATIONAL MECHANISM OF ADVANCED EQUIPMENT MANUFACTURING INDUSTRY TECHNOLOGICAL INNOVATION BASED ON EVOLUTIONARY GAME

ABSTRACT: he advanced equipment manufacturing industry is an important symbol of a country's core competitiveness and an essential part of strategic emerging industries, whereas technological innovation is the key driving force for the progress of the advanced equipment manufacturing industry. A three-party (government-enterprise-Research & Development(R&D) institution) evolutionary game model was established to explore the internal mechanism of technological innovation impetus in the advanced equipment manufacturing industry. Results show that: (1) The driving force of technological innovation in the advanced equipment manufacturing industry comes from the cost-benefit situations of different subjects. (2) The strategy selection of subjects has a considerable learning effect. The decision of one subject is influenced by the decisions of the two others, and their decision behaviors tend to be identical. (3) Technology spillover effect and penalty effect exert a minor influence on the innovation decisions of different subjects. The findings enrich the theoretical results of technological innovation in the advanced equipment manufacturing industry by simulating different subjects' selection mechanisms of innovation strategies. It also provides practical guidance for the advanced equipment manufacturing industry to choose technological innovation strategies in different scenarios. Keywords: advanced equipment manufacturing industry; technological innovation impetus; evolutionary game

Research on Cost Management of Logistics Enterprises Under the Between Big Data, Intelligence, Mobile Internet and Cloud Computing

In 2013, the concept of "Great wisdom moving Cloud" was first proposed at the China Internet Conference. Under the national technology innovation strategy, Dazhiyun has gradually become a powerful technology engine for economic development and enterprise transformation and upgrading. With the advent of the era of "big wisdom moving cloud", the traditional enterprise cost management has been unable to meet the current financial management requirements, how to form a cost leading advantage has become the core task of cost management. Big data, artificial intelligence, cloud computing, Internet of Things and other related technologies provide technical support for enterprise cost management innovation. However, under the background of "big wisdom moving to cloud", there are still many shortcomings in enterprise cost control, such as backward cost management concept, backward related supporting system, lack of professional talent quality, data collection distortion, etc. Enterprises should take the initiative to introduce information technology. To develop in the direction of technological innovation and management innovation, reduce costs and increase efficiency.

Operations and decarbonization of gasoline vehicle automakers under the dual credit policy: green technology innovation and electric vehicle market entry strategies

Operations and decarbonization of gasoline vehicle automakers under the dual credit policy: green technology innovation and electric vehicle market entry strategies

Does Extended Producer Responsibility System Promote Green Technological Innovation in China’s Power Battery Enterprises?

In an effort to accelerate the advancement of green and low-carbon development, China introduced the extended producer responsibility (EPR) system in 2016, mandating producers to assume responsibility for waste recycling. Notably, power battery enterprises emerged as a primary focal point within the EPR system. Consequently, the interplay between this system and the green technological innovation of enterprises has a substantial impact on the sustainable development of power battery companies. To comprehensively explore this relationship, we conducted an empirical investigation utilizing a sample comprising listed power battery enterprises in China from 2010 to 2020. Employing the difference-in-difference (DID) model, this study aims to analyze the implications of the EPR system on green technological innovation within these enterprises. The results indicate that: (1) The EPR system significantly promotes green technological innovation in power battery enterprises, leading to an increase in the quantity of green invention patents and improvement in the quality of green patents. (2) The mechanism test reveals that the EPR system can stimulate green innovation in power battery enterprises by increasing government subsidies and raising executives’ environmental awareness. The future endeavors aimed at promoting green innovation in power battery enterprises should be concentrated on four key aspects: (1) Expanding and optimizing the implementation of the EPR system to encompass a broader spectrum of enterprises. (2) Developing precise subsidy mechanisms in conjunction with the EPR system to effectively offset recycling costs and provide incentives for fostering green innovation within power battery enterprises. (3) Encouraging proactive engagement of power battery enterprises in strategic self-reform to align with the EPR system requirements and formulate comprehensive green technology innovation strategies. (4) Enhancing the awareness of innovation among executives to accelerate the development and advancement of green products. By focusing on these four crucial dimensions, the promotion of green innovation in power battery enterprises can be strategically and efficiently pursued, thus contributing to the sustainable development of the sector.

EFFECT OF INNOVATION STRATEGY ON THE PERFORMANCE OF SMALL AND MEDIUM ENTERPRISES IN KADUNA STATE, NIGERIA

The aim of the study is to determine the effect of innovation strategies on the performance of SMEs in Kaduna State. The study employs the survey research design and uses cross-sectional approach of data collection. Krejcie and Morgan (1970) table for determining sample size was used to obtain a sample size of three hundred and thirty-eight (338) owners of SMEs in Kaduna State. Proportional sampling technique was used in selecting the sample size based on the nature of the population. A total of 338 copies of the questionnaire were distributed for data collection, only 305 copies were retrieved for analysis. Data collected were subsequently analysed using multiple regression analysis. Findings from the study established that innovation strategies have a significant and positive effect on SMEs performance in Kaduna State. Process and product innovations exerted the highest effect while organisational innovation have the lowest effect on SMEs performance however, technological innovation shows negative and inconsequential effect on SMEs performance. It was therefore recommended among others that, SMEs owners should overhaul their technological innovation strategy, as the one currently in used are not yielding the desired result hence, they should deploy recent technological equipment that are easy to use, faster and effective in serving their customers. KEYWORDS: SMEs performance, process innovation, product innovation, organizational innovation.

Revisiting the consequences of loans secured by patents on technological firms' intellectual property and innovation strategies

This article analyzes the impact of loans secured by patents (LSPs) on the intellectual property and innovation strategy of technological firms that benefit from them. The literature mostly emphasizes that LSPs, by reducing the risk taken by lenders in case of borrowers' default, facilitate the financing of technological firms. However, it remains silent on the impact of LSPs on the behavior and strategy of borrowers. With regard to this second point, our research suggests that LSPs are not neutral. In particular, we provide evidence that LSPs might induce technological firms to deviate from innovative activities toward more short-term strategies based on the monetization and litigation of their patents. We also show that financing groups might attempt to encourage this strategic change. Our research is based, first, on empirical insights provided by a qualitative analysis of publicly known LSPs offered by an international investment group and their consequences for four borrowers. Second, we propose a theoretical model that formally explores how LSPs might impact borrowers' strategies. Even though the welfare implications of these findings are difficult to evaluate, this research has likely important economic and managerial implications with regard to intellectual property management, the financing of innovation and the organization of the innovation process.

디지털 플랫폼 기업의 기술 역량 다각화에 관한 연구

In the era of digital transformation, digital platform companies that started as start-ups or in-house ventures have a huge influence in various fields of our economy and life today. Their rapid growth is due not only to exogenous factors such as the development of IT technology and infrastructure, but also to the combination of their active technological innovation and diversification strategy. However, research on patent development trends of Korea's representative digital platform companies has received relatively little attention. In particular, since the 2010s, when digital transformation began in earnest, their patent trends are very important in that they show the direction and strategy of exploratory activities, but the reality is that there is still a lack of research from an integrated perspective on these areas. Therefore, this study aims to broaden the understanding of the patent strategy of digital platform companies by analyzing the patent development trends of Naver, LINE, Baemin, Kakao, Coupang, and Toss, which are representative digital platform companies in Korea. To achieve this, this study conducted text-based analysis of the patent data filed by each company. Specifically, Word Cloud analysis and Text Similarity analysis were performed to identify the key technological directions pursued by each company and analyze any similarities in their technological strategies. As a result, in the case of companies that had not yet implemented diversification, the direction of new diversification strategies could be examined through keyword analysis of filed patents. Matured companies with diversification showed a high level of similarity in patent information compared to other companies. As a result of analyzing patent information filed after 2015 compared to the entire period, it was confirmed that all companies have increased mutual similarity, suggesting that in the future, an intersection will be formed in the businesses pursued by all companies, and competition may intensify. It was confirmed that the establishment of a new strategy was required.

Omnichannel retailing: exploring future research avenues in retail marketing and distribution management

PurposeThis study explores the present state of research related to omnichannel retail, investigates retail's different sub-areas and suggests future research directions.Design/methodology/approachThe subdomains of omnichannel retail have been identified using a keyword co-occurrence network (KCN) map and content analysis. The 5W1H method assisted in finding the bibliographies of 258 SCOPUS-indexed and ABDC-ranked journal articles and showcasing the omnichannel retail landscape.FindingsMost research on omnichannel retail is concentrated on five subdomains: customer behaviour, channel integration, technological innovation, supply chain and operations and strategy. The study's conceptual framework illustrates the omnichannel retailing environment and the variables that must be considered whilst establishing an omnichannel strategic vision. Besides, future researchers have been urged to concentrate on interdisciplinary research, as a seamless experience is unachievable if focussed on a single subdomain.Research limitations/implicationsThere is a slight probability of missing out on some good articles as this study considered only those articles that have been published in SCOPUS and ranked by the ABDC quality list.Practical implicationsThis study emphasises that for businesses to capitalise on the omnichannel model, the businesses must undergo a transformation involving technology convergence, customer-centricity and internal process reorganisation that integrates consumer feedback to co-create value. When a business adopts an omnichannel model, the business's priorities shift. Rather than depending solely on technology, faster delivery and channel integration, an omnichannel strategy requires strong leadership, a clear vision, training for all stakeholders and an understanding of customer pain points to reach the full potential.Originality/valueThe illustration of the omnichannel retail landscape using the 5W1H methodology and antecedents-decisions-outcomes (ADO) framework.