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1 – 10 of 675
Article
Publication date: 29 September 2020

Li Zhao, Jianxin Sun, Ling Zhang, Pengfei He and Qiulu Yi

This study explores the effects of different types of technology lock-in on enterprise innovation performance. On this basis, the authors aim to provide technological innovation…

1082

Abstract

Purpose

This study explores the effects of different types of technology lock-in on enterprise innovation performance. On this basis, the authors aim to provide technological innovation suggestions for the long-term development of Chinese enterprises.

Design/methodology/approach

A total of 211 high-tech enterprises in China were taken as the research sample. Data were collected through questionnaire surveys and secondhand data. Linear and nonlinear regression models were used to test the hypotheses.

Findings

Different types of technology lock-in had different effects on enterprise innovation performance. Initiative lock-in and passive lock-in showed an inverted U-shaped relationship with innovation performance. Economies of scale were positively correlated with innovation performance, while self-lock-in was negatively correlated with it.

Practical implications

This research can help enterprises reconceptualize technology lock-in. It can also help enterprises in different stages of development carry out targeted technological innovation and management strategies.

Originality/value

This research enriches our understanding of technology lock-in. By breaking with previous conceptualizations of a simple linear relationship between technology lock-in and innovation performance, this study proposes and confirms different technology lock-in has different relationships with enterprise innovation performance. This study is important for enterprises to reassess their technology lock-in state and carry out targeted technological innovation strategies. This research enriches the theory of path dependence and its combination with other theories. And this study also reveals the current research on technology lock-in is insufficient.

Details

European Journal of Innovation Management, vol. 24 no. 5
Type: Research Article
ISSN: 1460-1060

Keywords

Article
Publication date: 10 July 2017

Li Zhao, Yang Xiang and Qiulu Yi

As a resource input in enterprise technological innovation, patents play an important role in influencing innovation performance. The purpose of this paper is to investigate the…

1187

Abstract

Purpose

As a resource input in enterprise technological innovation, patents play an important role in influencing innovation performance. The purpose of this paper is to investigate the impact of fuzzy front end (FFE) patent management on innovation performance, and the mediating role of patent commercialization and the moderating effect of technological lock-in.

Design/methodology/approach

This paper adopts a questionnaire survey from a sample of 203 high-tech Chinese enterprises across multiple industries. Structural equation modeling and the hierarchical regression method were used to test the hypothesis.

Findings

The results show that the FFE of patent management, namely, patent acquisition and patent protection, positively affect innovation performance. Specifically, patent commercialization mediates the relationship between FFE patent management and innovation performance. Moreover, technological lock-in moderates the relationship between patent management and innovation performance.

Practical implications

This study puts forward suggestions relating to institution innovation and mechanism innovation for effective patent management in firms, and provides some guidelines for firms to efficiently utilize patents to improve innovation performance.

Originality/value

This paper provides certain empirical evidence for the study of organizational structure, strategic management, and knowledge governance. As the main participators in technology innovation, high-tech enterprises should utilize both inside and outside resources to acquire patents.

Details

Management Decision, vol. 55 no. 6
Type: Research Article
ISSN: 0025-1747

Keywords

Article
Publication date: 11 October 2011

Xuanwei Cao and Christoph Zabe‐Brechtel

The purpose of this paper is to elucidate the dynamic interactions and co‐evolution of institutions with the technology and organization fields in emerging industry development…

Abstract

Purpose

The purpose of this paper is to elucidate the dynamic interactions and co‐evolution of institutions with the technology and organization fields in emerging industry development. Insights and inspirations from comparison of the triangle relationship among government, market and local community in different institutional contexts could contribute to possible institutional innovation in the context of large‐scale institutional transition. In this way, this paper is expected to offer insights to the development of emerging industries in China.

Design/methodology/approach

The paper reviews the focal literature focusing on institutional change and the co‐evolution of institution, industry and technology. A multi‐level conceptual framework is put forward to explain the mechanism for the co‐evolution of technology, organization and institution. A multi‐case comparison method was applied to compare and disclose the process of co‐evolution of institutions, and the technology and organizational fields, as well as varied paths of industry development in different institutional contexts.

Findings

Emerging industry development in China is still presenting the character of path dependence to a great extent under traditional institutional arrangement, while the power and possible contribution from broader actors in the local community have been ignored. Driving force for a more innovative institutional transition towards emerging industry development should consider decentralized institutional arrangement and actions at local community instead of “command and control” from central planning.

Practical implications

First, the comparison of wind energy industry development in three countries creates possibilities for further analysis and reference for China's emerging industry. Second, the illustration of the triangle relationship among government, market and local community in different countries helps policy makers in China reconsider and redesign an effective institutional framework for balancing the powers among indigenous community, local government and market. Institutional alignment should be listed as an important consideration during the process of the policy design of such an effective institutional framework.

Originality/value

The paper presents a model to understand the dynamic co‐evolution of the institution, technology and organizational fields. It confirms the role of institution in promoting emerging industry development. Particularly, it offers inspirations for the development of emerging industries in nations facing large‐scale institutional transition.

Details

Journal of Science and Technology Policy in China, vol. 2 no. 3
Type: Research Article
ISSN: 1758-552X

Keywords

Article
Publication date: 1 June 1978

Irving Borwick

How does the interaction between two or more people affect their performance? Is there one strategy which is more effective than another in promoting positive interaction? Can one…

Abstract

How does the interaction between two or more people affect their performance? Is there one strategy which is more effective than another in promoting positive interaction? Can one be more effective as a manager through employing specific strategies and is there a lost potential from the use of ineffective interaction strategies?

Details

Management Decision, vol. 16 no. 6
Type: Research Article
ISSN: 0025-1747

Article
Publication date: 7 March 2016

Ashish Gupta and Piyush Tiwari

There is significant research related to risk and uncertainty in valuation. Risk, in valuation, is mostly communicated to investors in qualitative terms. There has been some…

2477

Abstract

Purpose

There is significant research related to risk and uncertainty in valuation. Risk, in valuation, is mostly communicated to investors in qualitative terms. There has been some research in developed markets to communicate risk quantitatively to clients through property risk scores. However there is paucity of research on communicating risk in emerging markets where the valuation profession is still evolving. Indian property markets have emerged as one the fastest growing markets in the last five years. With the growth in Indian economy and the emergence of indirect property investment market, it is likely that domestic and international passive investors would play an important role in property investment in India. Valuation of assets in portfolio and communication of risk in appropriate way would gain utmost importance. The paper aims to discuss these issues.

Design/methodology/approach

This study uses analytical hierarchical process method to quantitatively assess risk to value for office properties in India. This study focuses on identifying principal elements of risk as perceived by key market players in an emerging economy like India. It identifies fundamentals of market, property and lease to determine valuation risk. It may be highlighted here that the risk that this paper is analysing is not the risk that is associated with the valuation for valuer who is conducting valuation but systematic and non-systematic risk associated with property. A two round of survey has been conducted to find various principal elements of valuation risk and sub criteria’s through an online survey conducted through survey monkey.

Findings

The study found that in an emerging market like India there are limited exit option for developers and investors due to absence of exit vehicle like REITs for office property. Principal element of risk considered is the resale of property, i.e. exit from an investment, followed by tenant and lease specific elements to be other principal elements of risk in the order tenant risk, lock-in duration, functional obsolescence and lease duration. Other market risks like yield movement, rental movement, occupier demand were not considered principal elements of risk.

Research limitations/implications

The study could be expanded further by increasing the sample size and as this study demonstrates present market sentiments. Study needs to be updated periodically to retain its practical importance and relevance to the industry.

Practical implications

Findings of this study could be used by valuers and investors investing in office properties in India.

Originality/value

This is the first paper on risk scoring for commercial properties in the Indian market. It has high importance as Indian market for office space will grow significantly with introduction of REITs.

Details

Journal of Property Investment & Finance, vol. 34 no. 2
Type: Research Article
ISSN: 1463-578X

Keywords

Article
Publication date: 1 March 2021

S. D. Farahani and Amir Hossein Rabiee

In this study, for the first time, the efficacy of control rods for full suppression of vortex-induced vibrations (VIV) and galloping of an elastically supported rigid square…

Abstract

Purpose)

In this study, for the first time, the efficacy of control rods for full suppression of vortex-induced vibrations (VIV) and galloping of an elastically supported rigid square cylinder that vibrates freely in the cross-flow direction is investigated.

Design/methodology/approach

To this aim, two small control rods are placed at constant angles of ± 45° relative to the horizontal axis and then the influence of diameter and spacing ratios on the oscillation and hydrodynamic response along with the vortex structure behind the cylinder is evaluated in the form of nine different cases in both VIV and galloping regions.

Findings

The performed simulations show that using the configuration presented in this study results in full VIV suppression for the spacing ratios G/D = 0.5, 1 and 1.5 at the diameter ratios d/D = 0.1, 0.2 and 0.3 (D: diameter of square cylinder, G: distance between rods and cylinder, d: diameter of rods). On the contrary, a perfect attenuation of galloping is only achieved at the largest diameter (d/D = 0.3) and the smallest spacing ratio (G/D = 0.5). In general, for both VIV and galloping regions, with increasing diameter ratio and decreasing spacing ratio, the effect of the control rods wake in the vortex street of square cylinder gradually increases. This trend carries on to the point where the vortex shedding is completely suppressed and only the symmetric wake of control rods is observed.

Originality/value

So far, the effect of rod control on VIV of a square cylinder and its amplitude of oscillations has not been investigated.

Details

International Journal of Numerical Methods for Heat & Fluid Flow, vol. 31 no. 12
Type: Research Article
ISSN: 0961-5539

Keywords

Article
Publication date: 12 August 2014

Sabine Fliess, Stefan Dyck and Mailin Schmelter

The purpose of this paper is to investigate customer perceptions of their own contribution to service provision, in order to enhance our understanding of customer contribution and…

2630

Abstract

Purpose

The purpose of this paper is to investigate customer perceptions of their own contribution to service provision, in order to enhance our understanding of customer contribution and its dimensions.

Design/methodology/approach

In total, 27 in-depth interviews were conducted across nine service contexts. Qualitative data were then analyzed to identify the various dimensions of customer contribution.

Findings

First, the study contributes to the understanding of customer contribution in identifying physical, mental, and emotional dimensions. The physical and mental dimensions of customer contribution are represented by activities, while emotions comprise mood and emotional states. Second, relationships among the three dimensions were identified; in particular, physical and mental activities were found to influence customer emotions. Third, the findings reveal that customer understanding of their own contribution to service provision encompass the co-creative sphere of customer and provider, and extends to the customer-sphere before the service encounter.

Research limitations/implications

The qualitative study is limited in terms of generalizability, since the 27 interview cases were based on nine interviews each covering three service settings. Further research is needed to investigate how the dimensions of customer contribution are linked to different outcomes (e.g. service value, satisfaction, loyalty), thus providing a quantitative validation of our findings.

Practical implications

Understanding the customer contribution to service provision is pivotal for service design. Service managers need to reflect on how the different dimensions of contribution manifest in their existing or potential service offering, since physical and mental customer activities shape their emotions, which in turn impact on the service experience and value.

Originality/value

Little in-depth research has been conducted on the nature and dimensionality of customer contributions to service provision, particularly with regard to perceptions of their own contribution. Most previous empirical research on customer contribution is limited to a specific context and concerned with customer behaviors. Hence, this qualitative study examines customer contribution across different service context, focussing on customer perceptions in terms of physical, mental, and emotional contributions to service provision.

Details

Journal of Service Management, vol. 25 no. 4
Type: Research Article
ISSN: 1757-5818

Keywords

Article
Publication date: 3 November 2020

Supriya Katti, Naval Verma, B.V. Phani and Chinmoy Ghosh

This study identifies the factors responsible for obtaining price premium on privately placed equity in a developing market.

Abstract

Purpose

This study identifies the factors responsible for obtaining price premium on privately placed equity in a developing market.

Design/methodology/approach

We examine a unique data set of a special case of private placement of equity, Qualified Institutional Placement (QIP) in India purchased at a premium. The study analyzed 188 equity issues offered between September 2006 and December 2014. On average, we find that QIP issues received a price premium of 4.38%. The study employed binary probit and ordinary least square regression models to analyze the probability and magnitude of the premium.

Findings

The study attributes the price premium of QIP to certification effect through group affiliation, signaling through promoters' ownership and monitoring effect through existing institutional investors. These factors influence the probability of premium for QIP issues. However, group affiliation and institutional ownership do not significantly influence the magnitude of the premium.

Originality/value

The private placement of equity is usually offered at a discount. Our findings contribute to the existing literature by evaluating the premium obtained on private placement as a unique scenario in emerging market supported through certification hypothesis, monitoring hypothesis and signaling.

Details

International Journal of Managerial Finance, vol. 17 no. 5
Type: Research Article
ISSN: 1743-9132

Keywords

Article
Publication date: 1 June 2000

George K. Chako

Briefly reviews previous literature by the author before presenting an original 12 step system integration protocol designed to ensure the success of companies or countries in…

7259

Abstract

Briefly reviews previous literature by the author before presenting an original 12 step system integration protocol designed to ensure the success of companies or countries in their efforts to develop and market new products. Looks at the issues from different strategic levels such as corporate, international, military and economic. Presents 31 case studies, including the success of Japan in microchips to the failure of Xerox to sell its invention of the Alto personal computer 3 years before Apple: from the success in DNA and Superconductor research to the success of Sunbeam in inventing and marketing food processors: and from the daring invention and production of atomic energy for survival to the successes of sewing machine inventor Howe in co‐operating on patents to compete in markets. Includes 306 questions and answers in order to qualify concepts introduced.

Details

Asia Pacific Journal of Marketing and Logistics, vol. 12 no. 2/3
Type: Research Article
ISSN: 1355-5855

Keywords

Article
Publication date: 19 January 2015

Martin Loosemore and Justin Richard

The purpose of this paper is to continue the discussion about the actual and potential role of clients in driving more innovation in the construction sector through interviews…

2443

Abstract

Purpose

The purpose of this paper is to continue the discussion about the actual and potential role of clients in driving more innovation in the construction sector through interviews with some of the Australian construction industry’s leading clients, contractors and consultants.

Design/methodology/approach

This paper synthesises previously disconnected literature reports interviews with 46 of Australia’s leading clients, contractors and consultants.

Findings

The findings confirm the importance of client leadership, yet also shows that lowest price remains the dominant selection criterion in tenders. Many clients lack the insight and tools to play a leadership role and are unwilling and unable to employ strategies to foster better performance and more innovation because of internal governance constraints, a poor understanding of how built assets contribute to core business objectives and a narrow understanding of their central role in driving innovation. The authors conclude that in reality, the potential for investment in innovation is restricted to the relatively few large companies who are lucky enough to deal with sophisticated clients which procure buildings on a frequent basis. The vast majority of the industry are left to work with clients who procure buildings very rarely, who want the lowest possible price for their investment and who do not see them as a key long-term asset in the success of their core business.

Research limitations/implications

The research is based on 46 interviews. It represents and external perspective on client leadership. Further research is needed with clients to validate the results and provide a counterpoint.

Practical implications

The practical implications of this research are that clients need to be more wary of equating low price with good value. While the merits of competition are widely lauded, the research shows that clients can extract more value from the construction industry by an integrated project strategy that does not lock-in solutions too early, that provides scope and time for innovation to happen, which encourages collaboration, early involvement and which distributes risk and opportunity fairly and openly. According to the research, many clients are unwilling and unable to do this because of internal governance constraints, a lack of tools to value innovation in bids, a poor understanding of how built assets contribute to core business objectives and a narrow understanding of their central role in driving innovation.

Social implications

Given the planned infrastructure programme in Australia and many other countries, the potential productivity and efficiency benefits to be derived from this research are significant. These saved resources would then be available for further investments in social and economic infrastructure.

Originality/value

This paper’s originality lied in the synthesis of previously disconnected literature on construction innovation, efficiency and productivity.

Details

Engineering, Construction and Architectural Management, vol. 22 no. 1
Type: Research Article
ISSN: 0969-9988

Keywords

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