Value Of Innovation Research Articles

Corporate innovation and future earnings: does early patent disclosure matter?

AbstractThis study investigates how pre‐grant patent disclosures required by the American Inventors Protection Act (AIPA) affect the value of innovation. The accelerated disclosures instituted by the AIPA may benefit innovative firms by either reducing duplicative R&D projects or by facilitating prompt, beneficial knowledge spillovers among firms. However, early innovation disclosures may result in proprietary costs and reduce competitive advantages. Our results indicate that when firms engage in quality innovation as captured by patent citations or originality, they have more efficient innovation output after the passage of the AIPA, and their innovation output is more strongly associated with future earnings.

The Approach of Value Innovation towards Superior Performance, Competitive Advantage, and Sustainable Growth: A Systematic Literature Review

The value innovation strategy of pursuing differentiation and low cost has diverged and correlated with various notions and perspectives, which adds complexity and ambiguity to the current knowledge of value innovation. Thus, this study uses a systematic literature review methodology to identify key scientific contributions to the field of value innovation by providing a structured reliable overview of the current knowledge. This study aims to integrate the findings of previous research on value innovation to identify where conclusions converge and diverge and highlight emerging trends and gaps in the literature. This study seeks to answer the research question, “How can value innovation be an approach for superior performance, competitive advantage, or sustainable growth?” In this context, results are achieved through analyzing and synthesizing 73 empirical articles on value innovation literature published from 1997 to January 2021. Particularly, this study contributes to the extant literature by providing an integrative framework that summarizes the literature findings and addressing thematic classifications of the value innovation process. This study also helps further improve research on value innovation by identifying gaps and suggesting a conceptual model to mitigate those gaps.

How do polychronicity and interfunctional coordination affect the relationship between exploratory innovation and the quality of new product development?

PurposeThis paper aims to investigate the impact of exploratory innovation on the quality of new product development (NPD), and how do polychronicity of the top management team (TMT) and interfunctional coordination (IFC) moderate the above relationship.Design/methodology/approachThe hypotheses were tested by the survey data of 210 Chinese enterprises. Hierarchical regression analyzes were used to test the hypotheses in this research.FindingsThe results indicate that exploratory innovation facilitates NPD quality. TMT polychronicity weakens the effect of exploratory innovation on NPD quality. IFC strengthens the effect of exploratory innovation on NPD quality.Practical implicationsThis study provides managers with insight on the relationship between exploratory innovation and NPD quality. To improve NPD quality, managers should be paying more attention to exploratory innovation. Furthermore, this study helps managers to understand how the relationship changes with the increases of TMT polychronicity and IFC.Originality/valueThis study highlights the value of exploratory innovation in increasing NPD quality based on the knowledge-based view. By incorporating TMT polychronicity and IFC based on the attention-based view, it offers much richer understandings of how exploratory innovation affects NPD quality.

How to strive for success, happiness, fulfilment and impact: a personal manifesto

This article explores the author’s ‘personal manifesto’. It describes the framework he devised to help him understand his style, preferences and needs in a professional context and explores the intersection of the professional and the personal, identifying links between how we think and act in the professional context and in our wider lives as individuals. The manifesto grew out of the opportunities presented by starting a new role and was formulated through making sense of the new thinking, reflection and ideas prompted by that experience. It explores a variety of themes personal to the author, such as the importance of being intellectually engaged in the professional context, the value of positivity, innovation and ambitious thinking, and the importance of positive relationships with others built around emotional intelligence.

High-impact innovations for high-salinity membrane desalination

Reducing the cost of high-salinity (>75 g/L total dissolved solids) brine concentration technology would unlock the potential for vast inland water supplies and promote the safe management of concentrated aqueous waste streams. Impactful innovation will target component performance improvements and cost reductions that yield the highest impact on system costs, but the desalination community lacks methods for quantitatively evaluating the value of innovation or the robustness of technology platforms relative to competing technologies. This work proposes a suite of methods built on process-based cost optimization models that explicitly address the complexities of membrane-separation processes, namely that these processes comprise dozens of nonlinearly interacting components and that innovation can occur in more than one component at a time. We begin by demonstrating the merit of performing simple parametric sensitivity analysis on component performance and cost to guide the selection of materials and manufacturing methods that reduce system costs. A more rigorous implementation of this approach relates improvements in component performance to increases in component costs, helping to further discern high-impact innovation trajectories. The most advanced implementation includes a stochastic simulation of the value of innovation that accounts for both the expected impact of a component innovation on reducing system costs and the potential for improvements in other components. Finally, we apply these methods to identify innovations with the highest probability of substantially reducing the levelized cost of water from emerging membrane processes for high-salinity brine treatment.

Anti-aging: How innovation is shaped by firm age and mutual knowledge creation in an alliance

Firms might operate in alliances and ‘vitalize’ themselves to achieve innovation. Still, the older and more mature firms might may not sufficiently utilize the innovation potentials in alliances because they have structural rigidities, and their managers continuously draw upon established sensemaking patterns. Our hypotheses testing on a sample of 296 firms in alliances finds that greater firm age decreases the possibilities for innovation value creation. While all firms across the age range can benefit from mutual knowledge creation in their alliances, the older firms can reduce their limitations for innovation value creation when they mutually create knowledge with their partners. Our study contributes explicitly to the dynamic relational view, combining it with a sensemaking theory.

Identity convergence in the tapestry and painting of Ecaterina Ajder

Ecaterina Ajder, representative of the early `80s of plastic artists from the Republic of Moldova, constantly opts for endowing the work of art with innovative stylistic values. Plastic tradition and modernity originally connect in her creation, contributing to the generation of current messages through image. Preferring to materialize her thematic and plastic predilections in the genre of artistic tapestry and easel painting, Ecaterina Ajder has drawn and consolidated over the decades her unmistakable stylistic facet, in which the insurmountable landmarks of folk art have found a favorable artistic fulfillment and integration into relevant contemporary creative trends. In the artistic tapestry, the painter significantly capitalized both the aesthetic expressions obtained from the classic weaving, and from combining it with various techniques such as felt and embroidery. When referring to the easel painting she highlighted the traditional aspects of structural-constructive constitution of the image field and, at the same time, the impressive artistic expressions, obtained after practicing mixed techniques, giving priority to the collage methodology. In the artist’s creation, both the conceptualization and aesthetic interpretation of the theme, as well as the way of operating with plastic means imminently contribute to the demarcation and supplementing of the semantic area of the work with high value expressions.

Intrinsic value of food chain data

Intrinsic value of food chain data

Online Feedback Management Tools for Early-Stage Startups: Hidden Treasures in the Rocky Mountains

The microenterprises called Startups perform series of interactions with potential customers using prototypes to validate the business model related assumptions, especially value proposition. Value proposition refers to the value the product is going to offer to the customers by providing them benefits and addressing their difficulties in getting their tasks done. The importance of value proposition innovation is evident from the fact that most of the software Startups fail due to their inability to reach product/market fit, i.e., building the product for which there is no market demand; attributable to requirement engineering related issues.1 The product value innovation is a tool to sustain competitive advantage; the task for which the involvement of customers is of utmost importance throughout the product lifecycle to get continuous product related feedback.2,3

Female entrepreneurship and evolution in SMEs in the fashion system in Colombia


 
 
 
 The fashion industry in Colombia is one of the sectors who are showing an exponential grow in the last times with profits for more than 20.2 billion of colombian pesos, approximately 1.3 million of units sold. Under those perspective, this article will focus on how the female enterprises in the fashion system are developing in recent years with examples from highlights cases where the women have an important role as entrepreneur instead in covid times. For this study, the authors made a selection of three companies from the Colombian fashion system led by women. As a result, it was possible identify that those organizations establish the leader as a collaborator and an important part of a business, as well, justified in his/her works in the way to create and share an innovative value necessary to keep the company into the high standards of competitiveness in local and international market.
 
 
 

Downtown Music Publishing and Songtrust

As of 2018, technological innovation in the music industry at large had impacted firms in nearly every sector. Yet, music publishers have been traditionally unconcerned with technological advancement. Several competitive forces have made this position sustainable, but the broader industry’s pace of change was bound to reach the music publishing sector. The laissez-faire attitude of prominent market players in the publishing space has led to a market that was ripe for value innovation, and Downtown Music Publishing has already capitalized in this space, differentiating themselves from their competitors. This case highlights the choices the CEO and co-founder of Downtown Music Publishing and the rest of the senior management team must make about a new product. Should they keep it internal, or should it be spun off?

Business Continuity: Application of The Value of Catur Purusa Artha and Product Innovation in Holding Company of BUMDes

Business management based on the local culture of catur purusa artha by making dharma (truth) the basis for carrying out all its activities, creating internal conditions in the form of a conducive work climate. This study aims to examine the application of the value of catur purusa artha and product innovation in creating business continuity. The research population is all active BUMDes in Buleleng Regency. Sampling in this study using random sampling technique in order to obtain as many as 92 observational data. The data analysis technique used in this study was the Component based SEM, Partial Least Square (PLS) analysis method. The results showed that the value of Catur purusa artha had a significant effect on product innovation. Product innovation has a significant effect on business continuity and the value of catur purusa artha affects business continuity through product innovation. This study also found that business management based on the local culture of Catur Purusa Artha by making dharma (truth), as the basis for carrying out all its activities, creates internal conditions in the form of a conducive work climate. BUMDes managers, including all employees who work comfortably based on dharma, have actually come up with creative ideas in product development. Management of business units based on dharma provides awareness to act in the truth and creates an environment that minimizes abuse of authority, including various other forms of wrongdoing. The concept of dharma also emphasizes to always provide good service to customers.

Prioritizing hotel lobby design factors: perspectives of hotel operators in China

ABSTRACT The hotel lobby is where a guest forms his or her first impression of a hotel’s brand image and quality; hence, integrating appropriate design criteria into hotel lobby design is a value creation act. The novelty and aim of this study is to identified and categorized 15 hotel lobby design factors and ranked their importance and satisfaction levels from hotel operators’ perspective to achieve value innovation and sustainable operations management. For this purpose, it systematically developed a questionnaire based on the Kano method and conducted a questionnaire survey on 30 hotel operators in China. Yang’s importance-satisfaction model was applied in data analysis. The study found that economic advantage and value creation are must-be and one-dimensional aspects, and considerations such as modular design, appropriate construction management and cost control, ease of maintenance and repair, and atmospheric design methods are important economic advantage criteria. Strategies involving these considerations facilitate value innovation and sustainable operations and guarantee a comfortable and environmentally friendly stay to hotel guests. The findings not only clarify hotel operators’ insights regarding the use of attractive factors in hotel lobby design but also serve as a reference for international hotel operators to develop possible business models with lobby design strategies.

A model to analyze the knowledge management risks in open innovation: proposition and application with the case of GOL Airlines

PurposeThis study aims to investigate the risks associated with managing the dispersed knowledge in inter-organizational arrangements for innovation. Specifically, it proposes a model to analyze the knowledge management risks in open innovation, applied in four steps.Design/methodology/approachInitially, the authors carried out a systematic literature review (SLR) on the concepts that connect knowledge management, inter-organizational arrangements for innovation and risks. The SLR results led to a complementary theoretical review on the conceptual elements in question. Based on the findings, the authors have developed a model to analyze the knowledge management risks in open innovation, which was validated by experts. It was then studied the case of GOL Airlines, a company that uses innovation to overcome the paradox between low-cost and full service in the commercial air transportation industry, considering the application and adjustment of the proposed model.FindingsOpen innovation is one of the inter-organizational arrangement types most applied in the context of innovation. Relations between agents are the primary sources of risks when managing the dispersed knowledge in these arrangements. The authors have found five main risks associated, namely, risk of the innovative effort does not reach the expected objective, risk of knowledge transfer being ineffective, risk of misappropriation of value, risk of dependency (lock-in) and risk of relations.Practical implicationsThe practical implication is the proposition of a procedure for applying the model to analyze the knowledge management risks in open innovation, which makes it a prescriptive model for identifying risks. The proposed model is described in four steps, namely, to identify the agents in the environment of the value of open innovation; to identify the types of relations of each agent; to consider the barriers to knowledge management in innovation; and to assess the risks considering the possibilities derived from the agents, their relationships and the barriers. The model is applied in the GOL case and the results are presented.Originality/valueFirst, it uses a novel approach to investigate open innovation while studying its risks. This approach considers the knowledge is dispersed and flows from one organization to another through a combination of relations inside the environment of value where the open innovation materializes. Second, it contributes to theory development by opening a research front that fuses four areas: risk management, knowledge management, innovation and inter-organizational arrangements. Third, this paper proposes a theoretical model and presents its operationalization. The study aims to make an impact beyond academia and uses a case study to illustrate the model application in a real and interesting open innovation project to support the business model at GOL Airlines.

Innovation and Shelf-Character: The Way of Organizational Existence in the Pandemic Era

The Covid 19 pandemic has awakened the organizing of organizational life as an entity that is believed
 to be well established, but in fact absurd. This certainty belongs only to change itself. The ability to adapt to the surrounding environment by adopting its wisdom values which are contained in a series of continuous innovations can ensure the existence of organizational life to grow and develop throughout the ages. Innovation as an investment value can thrive both in an organization when there are leadership souls individually or in a hierarchical leadership that is open - minded and has a strong self- character to be willi
 ng to accept input from subordinates and be able to observe current developments that are needed by the market. On this day an organization if it does not want to adopt the value of innovation is the same as going to its death path slowly, so that the choice is to innovate or die.

Optimal path selection of innovation resource allocation in China’s regions with shared inputs

As an effective form of interaction between innovation subjects and resources, the regional innovation network’s optimal allocation of resources is the key to improving national innovation capacity. According to the innovation value chain, the process of resource allocation in innovation can be divided into two correlative sub-systems: the knowledge innovation stage (KIS) and the achievements commercialisation stage (ACS). To evaluate regional innovation efficiency, a two-stage network data envelopment analysis model with shared inputs is used, with fuzzy set qualitative comparative analysis to analyse the improvement path of resource allocation efficiency from the dimensions of regional environment and network structure. The results show that efficiency in the KIS is higher than in the ACS, and the efficiency scores for most regions in China are better under the model with shared inputs. The efficiency of innovative resource allocation is affected by the cross-action of seven factors: regional economic development, infrastructure, policy system, social culture, network scale, network openness, and network centrality. To achieve high-efficiency resource allocation, regions should build an innovation network that matches their environmental characteristics. These findings provide theoretical guidance for formulating innovative resource allocation policies suitable for different regions.

Perceived organizational values and innovation: The role of transactive memory and age diversity in military teams

ABSTRACT This study investigates the mediating role of transactive memory system (TMS) in the relationship between perception of innovation value (VIN) and team innovation, as well as the moderating effect of age diversity for the TMS – team innovation relationship. The study of this moderated-mediation model concerning VIN, TMS, and team diversity as a contextual factor, is especially relevant in military teams which are directly concerned by military values, have high needs of effective coordination, and naturally are composed by young soldiers working with older leaders. To test our model, we evaluated 453 employees composing 48 military units from Italy’s Air Force. Results confirmed that VIN is positively related to TMS, and that the latter has a positive effect on team innovation except at high levels of age diversity where the effect is reduced and non-significant. These findings highlight the importance of identifying and managing age differences, sharing common and distributed expertise, and promoting innovative initiatives in the military. Theoretical backgrounds, results, limitations, and directions for future research are discussed.

Explicating a sustainability-based view of sustainable competitive advantage

PurposeThis paper is a step toward a sustainability-based view of firm performance, which focuses on how companies may achieve and maintain a competitive advantage in a circular economy that is increasingly dominated by sustainability.Design/methodology/approachThis is a conceptual research paper, which provides a coherent basis for the diverse literature about sustainability, corporate social responsibility, creating shared value, shared value innovation, sustainable design and the United Nations’ Sustainable Development Goals.FindingsThe paper complements extant reviews and dynamic frameworks, such as the natural resource-based view and the innovation-based approach, to understand how firms may profit from sustainability in their business ecosystems with multiple stakeholders concerning the triple bottom line beyond financial performance. A firm’s sustainability architecture at multiple organizational levels includes interdependent components reflecting environmental, social and economic sustainability, which enable firms to achieve more value and/or do less harm. The intertemporal renewal of this architecture and its interdependencies with non-sustainability components highlight the dynamics of sustainability transformations for understanding the sustainability–performance relationship.Originality/valueThis paper contributes to sustainability research by developing a conceptual framework, which may be a basis for integrating the variety of management-related sustainability research. It further adds to research into competitive advantage by clarifying how firms may profit from sustainability. Moreover, the conceptual framework contributes to business ecosystem research because it considers internal factors in an organization as well as external factors in a firm’s environment. Finally, this paper offers new insights into strategy dynamics because the intertemporal perspective of changing a firm’s sustainability architecture underscores the need for continuous sustainability transformations.

Value capture in open innovation markets: the role of patent rights for innovation appropriation

PurposeThe role of patents for appropriating (capturing) value from innovation investments has for decades been of major interest to both practitioners and academics in innovation management. Many studies have implicitly assumed that firms appropriate value through in-house creation and marketing of innovative products and services, and that the main function of patents is to protect the exclusive sales in product and service markets. We challenge this assumption in light of the variety of business models, strategies and markets now being available, including different organizational and market forms of open innovation.Design/methodology/approachA conceptual framework and typology of open innovation markets is developed, and the role of patents for appropriation is investigated in these markets among 172 Swedish technology-based firms.FindingsThe results show that the importance of patents has a skewed distribution with some firms rating patents very important and with a fat tail of firms rating patents less important. Most importantly, the results indicate that patents are enabling exchange and technology trade in various types of open innovation markets rather than only supporting vertically integrated business models. Thus patents were found to help rather than hinder the use of open innovation markets.Originality/valueThe paper makes two main contributions. First a theoretical reinterpretation of open innovation with a conceptualization of open innovation markets for appropriation of innovation values. Second an empirical illustration of new roles of patents for appropriating innovation values in these markets. The paper in addition illustrates the use of a counterfactual approach to questionnaire surveys, as well as the complementarities between patents and other means of appropriation.

Augmented reality shopping application usage: The influence of attitude, value, and characteristics of innovation

Consumers' intentions are crucial to the wide usage of augmented reality shopping applications (ARSAs). Combining innovation diffusion, perceived value, and attitude theories, this study proposes a theoretical model that identifies the antecedents of consumers' innovation to use ARSAs and specifies their interrelationships. A total of 379 consumers were surveyed using questionnaires, and the data were analyzed through confirmatory factor analysis and structural equation modeling. Results show that the effects of the perceived relative advantage, perceived compatibility, and perceived observability on consumers' intentions to use ARSAs are mediated by consumers' attitudes toward ARSAs. In addition, attitudes have an indirect impact on consumers' intentions to use ARSAs through perceived value. Theoretically, this study synthesizes behavioral theories anchored on innovation and marketing to explain consumer's use intention. Managerially, this study provides strategic recommendations for technology companies developing ARSAs and retailers wishing to adopt ARSAs.