Search results
1 – 10 of over 3000Wesley L. Harris and Jarunee Wonglimpiyarat
This paper aims to explore the financing mechanisms towards Mars commercialisation and SpaceX’s Mars mission programme to achieve the interplanetary settlement. This study also…
Abstract
Purpose
This paper aims to explore the financing mechanisms towards Mars commercialisation and SpaceX’s Mars mission programme to achieve the interplanetary settlement. This study also suggests the path to avoid the failure of space commercialisation.
Design/methodology/approach
This research uses a case study methodology (Eisenhardt, 1989; Yin, 2013). The analysis is based on the construct of technology S-curves and attempts to answer the research question: What are the financing mechanisms to achieve successful aerospace financing for Mars mission? This research used semi-structured questionnaire and conducted 51 in-depth interviews. The interview data were supported by an examination of secondary data to provide a cross check on the validity of research (Yin, 2013). The research findings provide lessons and insights into the challenges of aerospace financing to Mars.
Findings
This study has shown that financing via cryptocurrency and initial coin offering as well as crowdfunding (particularly donation- and equity-based crowdfunding) provide promising financial solutions to achieve Mars commercialisation. The implementation of Mars programme demonstrates the fifth generation of innovation development model – systems integration and extensive networking model.
Originality/value
Given a dearth of study focusing on the links between S-curves and technology financing of aerospace commercialisation, this research study attempts to fill a gap in this neglected area with a focus on exploring the financing mechanisms towards Mars commercialisation.
Details
Keywords
Abstract
Details
Keywords
Based on a lecture prepared as part of the celebration of Cranfield University's 50th anniversary. After briefly reviewing the early years, including Cranfield University's entry…
Abstract
Based on a lecture prepared as part of the celebration of Cranfield University's 50th anniversary. After briefly reviewing the early years, including Cranfield University's entry into this technology, discusses the nature of this industry, Some of the technology drivers, including environmental concerns, are examined to provide a background against which the development and the future of the industry can be considered. This is followed by a brief survey of some of the possible new civil aero gas turbine applications over the next 50 years, both the very likely and some curiosities. Finally, the changes that are likely to occur within the industry as a result of wider economic and political trends are considered, as well as the implications for those working within the industry. The development of the civil aero gas turbine has contributed, in large measure, to today's, US$ 300 billion civil aviation industry and is rightly seen as one of mankind's major engineering achievements. A single paper cannot do justice to this industry.
Details
Keywords
This paper aims to present the newly founded Swedish Aeronautical Research Center (SARC), based on the triple helix theory, to foster the seamless Swedish aerospace research…
Abstract
Purpose
This paper aims to present the newly founded Swedish Aeronautical Research Center (SARC), based on the triple helix theory, to foster the seamless Swedish aerospace research interplay between academia, research organizations and industry.
Design/methodology/approach
The paper is a technical paper, mainly relating and explaining sources and concepts for research planning and organization. Used concepts are the triple helix approach (for socioeconomic effects), the role of academia and industry interplay for education and the technology readiness level (TRL) concept for strategic research planning. Focusing on the establishment of a graduate school, lessons learned from previous national research schools are also presented.
Findings
The paper gives an overview of and explains the interplay between politics, social welfare and industrial R&D needs, with the academic viewpoint of aeronautical research and education. Shortcomings in both the use of TRL for research program planning and the Swedish competence cluster system are identified and remedies suggested. The main findings are suggestions for future actions to be conducted by SARC in the fields of research and education.
Practical implications
The paper includes implications for the seamless interplay between academia, research organizations and industry.
Originality/value
So far, no publication about the newly founded SARC has been made yet. It is unique in the way that it makes substantial use of national technical documents so that this information becomes available for non-Swedish speakers. Additionally, the perhaps-unique system of industrial competence clusters is presented.
Details
Keywords
José Adalberto França, Nicolette Lakemond and Gunnar Holmberg
The purpose of this paper is to explore earlier stages of complex products and systems (CoPS) innovations, investigating how technology development can be coordinated.
Abstract
Purpose
The purpose of this paper is to explore earlier stages of complex products and systems (CoPS) innovations, investigating how technology development can be coordinated.
Design/methodology/approach
This paper uses a case study methodology, adopting an abductive logic, characterized by a nonlinear and iterative process of systematic confrontations between theoretical framework, empirical fieldwork and case analysis. Specifically, the authors study the Swedish aerospace network, which distinctly represents the CoPS characteristics of intense technology development with long-term goals and project-based activities with universities, research institutes, small medium enterprises and leading firms.
Findings
By adding the network perspective in the CoPS literature, the authors found that technology development can be coordinated within the technological and the business dimensions and according to different strategic nets. Also, the authors found that strategic nets co-evolve when their related projects are connected and advance in maturity, and their actors change their network position.
Originality/value
Current research on CoPS often recognizes that the survival and growth of a firm depend on its ability to coordinate innovative projects that are usually implemented during technology development. The findings contribute to this literature by showing how such projects can be implemented through agenda construction and the simultaneous coordination of strategic nets, leading to the synchronization of resources and activities. As such, this study’s framework offers a novel and integrative view of how the short-run and long-run strategies of leading firms can be aligned, and how other actors can contribute to the direction of the innovation path.
Details
Keywords
Aim of the present monograph is the economic analysis of the role of MNEs regarding globalisation and digital economy and in parallel there is a reference and examination of some…
Abstract
Aim of the present monograph is the economic analysis of the role of MNEs regarding globalisation and digital economy and in parallel there is a reference and examination of some legal aspects concerning MNEs, cyberspace and e‐commerce as the means of expression of the digital economy. The whole effort of the author is focused on the examination of various aspects of MNEs and their impact upon globalisation and vice versa and how and if we are moving towards a global digital economy.
Details
Keywords
Vivek Soni, Rashmi Anand, Prasanta Kumar Dey, Ambika Prasad Dash and Devinder Kumar Banwet
The purpose of this research paper is to assess efficacy of e-governance implementation, influenced under the Indian-EU (European Union – EU) strategic dialogue. For the same…
Abstract
Purpose
The purpose of this research paper is to assess efficacy of e-governance implementation, influenced under the Indian-EU (European Union – EU) strategic dialogue. For the same purpose, this study aims to analyse and measure penetration level of information and communication technology (ICT) applications across ten select gross domestic product-dependent sectors (gross domestic product – GDP) in Indian economy.
Design/methodology/approach
Multi-criteria decision-making (MCDM) approach of PROMETHEE, using its partial and complete versions in fuzzy environment, is applied. The approach assesses e-governance efficacy in various sectors, which is chosen based on their contribution to GDP, where criteria values are assigned by expert opinions, feedback is received and lessons are learnt from training and initiatives taken under the Digital India programme launched by the Government of India. These criteria related to IT policy implementation, cyber security breaches, IT infrastructure development initiatives in select sectors are identified. Later, sectors outranking results have been highlighted using both fuzzy set theory along with PROMETHEE (F-PROMETHEE) and its visual application.
Findings
On applying F-PROMETHEE, studies found that industrial, railways, health and finance and education sectors outrank in their high merit orders. Contrary, outranking shows that agriculture, defence and aerospace sectors should be more open and accessible to adopt ICT applications in order to promote e-governance processes and their implementation to make e-services available to common citizens. For better interpretation of results, graphical analysis for interactive aid is used to present the analyses.
Research limitations/implications
Research study was found useful in the assessment of ICT penetration level in to support Indo-EU relations, where PROMETHEE method is used to outrank sectors alternatives. Criteria are also weighted using fuzzy scale, and the impact of criteria on all alternatives has also been assessed. MCDM framework addresses that subjectivity lies in sectors to implement ICTs bases services. However, few other MCDM frameworks, methods such as COPRAS, GST, GRA, SAW and SWARA, can be used for the same purpose.
Practical implications
Sectors alternative involve high degree of complexity to adopt ICT applications for smooth e-governance and seek effective decision-making for investment prioritization and future development. This study also aims to address cyber security concerns of policymakers. Outranking methods of F-PROMETHEE are able to address the criteria-to-criteria impact and support decision-making in a more precise way.
Social implications
This study is inspired from the strategic implementation of the framework of the e-Government Action Plan 2016-2020 of the EU. The findings from the paper can provide referential support to the Indian Government and policymakers to support information delivery, implement cyber security policies and various sector developments.
Originality/value
This research study can act as a strong base in the decision-making process in conflicting situations of e-governance in India. This study not only can synergize conflicting ideas of various stakeholders, academicians in the Indian IT-sector but also can act as support to administrators and the policymakers to monitor the status of the India-EU Information Society Dialogue.
Details
Keywords
Gordon Foxall and Janet Tierney
User‐initiated innovation is a significant source of new industrial products in certain industries. Recent investigations have been concerned primarily with the identification of…
Abstract
User‐initiated innovation is a significant source of new industrial products in certain industries. Recent investigations have been concerned primarily with the identification of user‐innovators and their usefulness to the manufacturers who eventually make and/or market the new product or process generally. The extension of thought to include the activities of customers in the initiation of the industrial innovative process has been based upon the assumption that the firm which initiates the user‐based innovation will play no more than a small role in its commercial exploitation. This article presents a case study of a company, British Aerospace, which has deliberately attempted to exploit commercially some of the innovations developed internally for its own use. The article goes on to suggest an extension to the “customer‐active paradigm” of innovation research to include such pro‐active behaviour.
Geoffrey P. Burgess, Timothy McIver, Philippe Tenglemann, Rosanne Lariven, Andrea Pomana, Jan Schoberwalter and Edoardo Troina
To provide an overview of the national foreign direct investment (“FDI”) screening mechanisms in place across Europe including in France, Germany, Italy, the Netherlands, Spain…
Abstract
Purpose
To provide an overview of the national foreign direct investment (“FDI”) screening mechanisms in place across Europe including in France, Germany, Italy, the Netherlands, Spain and the UK.
Design/methodology/approach
This article summarizes the key elements of the national FDI screening regimes of some of the leading European economies. This includes setting out the relevant investment thresholds, protected sectors, lengths of review periods, standstill obligations and potential sanctions in each jurisdiction.
Findings
Many of Europe’s leading economies are following the wider global trend towards stricter reviews of foreign investment ahead of the EU Screening Regulation coming into force in October 2020. However, the approach taken to FDI screening can vary significantly at a country level in terms of both process and substance and the applicable laws are evolving rapidly, not least as a response to concerns related to the impact of COVID-19.
Practical implications
Investors looking to make acquisitions in Europe will need to consider whether national FDI screening will apply to their proposed investments. Depending on the jurisdiction, FDI screening can introduce lengthy review periods and require detailed information gathering as well as uncertainty as to the final outcome. Potential investors also need to consider the risk of sanctions, including criminal sanctions, for non-compliance with the screening regimes.
Originality/value
This article offers a summary and comparison of national FDI screening regimes across Europe.
Details
Keywords
Bill Boisture, President and CEO of British Aerospace Corporate Jets Inc. announced recently the appointment of the senior management team for this newly formed company.