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Article
Publication date: 3 November 2020

Johanna Kirjavainen, Saku J. Mäkinen and Ozgur Dedehayir

In addition to pioneering, empirical work on entry order increasingly addresses fast followers and laggards and the potential advantages they are able to capture. There is…

Abstract

Purpose

In addition to pioneering, empirical work on entry order increasingly addresses fast followers and laggards and the potential advantages they are able to capture. There is also a growing consensus in the academia, that current measures of firm performance used in the entry order literature to study these advantages are inadequate. This study analyzes the relationship between entry order and customer evaluations, which, depicting the performance of the firm's products in the market, are used as a proxy for firm performance.

Design/methodology/approach

The study is set in the digital camera industry, analyzing entries into each new technology level, in terms of the sensor resolution of compact and bridge cameras. The complete dataset consisted of 1,816 digital camera models introduced between January 1996 and December 2017. The data are analyzed using hierarchical multiple linear regression.

Findings

The study finds evidence of early-mover advantage for the compact product category. In the compact camera consumer market, both first-movers and fast followers outperform late movers. Furthermore, the difference in performance in comparison to laggards is greater for first-movers than for fast followers. However, in the bridge category which consists of a more heterogeneous set of products, no significant entry-order effects are detected.

Originality/value

The results clearly indicate that there exists an early mover advantage. Furthermore, the results are not consistent across different product categories within an industry; hence, caution needs to be exercised when analyzing industry dynamics and entry order effects. Finally, our novel conceptualization of firm performance measured as online customer evaluation add new opportunities to investigate firm success

Details

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

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Book part
Publication date: 26 August 2014

Saku J. Mäkinen and Ozgur Dedehayir

There is a growing need for measures assessing technological changes in systemic contexts as business ecosystems replace standalone products. In these ecosystem contexts…

Abstract

There is a growing need for measures assessing technological changes in systemic contexts as business ecosystems replace standalone products. In these ecosystem contexts, organizations are required to manage their innovation processes in increasingly networked and complex environments. In this paper, we introduce the technology and ecosystem clockspeed measures that can be used to assess the temporal nature of technological changes in a business ecosystem. We analyze systemic changes in the personal computer (PC) ecosystem, explicitly focusing on subindustries central to the delivery of PC gaming value to the end user. Our results show that the time-based intensity of technological competition in intertwined subindustries of a business ecosystem may follow various trajectories during the evolution of the ecosystem. Hence, the technology and ecosystem clockspeed measures are able to pinpoint alternating dynamics in technological changes among the subindustries in the business ecosystem. We subsequently discuss organizational considerations and theoretical implications of the proposed measures.

Details

Collaboration and Competition in Business Ecosystems
Type: Book
ISBN: 978-1-78190-826-6

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Article
Publication date: 11 November 2013

Aija Paananen and Saku J. Mäkinen

The purpose of this study is to investigate whether news media as a form of social communication regarding pressing, important, and contemporary issues could be used as a

Abstract

Purpose

The purpose of this study is to investigate whether news media as a form of social communication regarding pressing, important, and contemporary issues could be used as a leading indicator of technology adoption. For technology foresight, monitoring and analyzing energy technologies is in the spotlight due to their strategic importance to the agenda of competitive and sustainable economic growth.

Design/methodology/approach

The trends in renewable energy production and news media are determined and compared to draw inferences in foresight concerning the use of renewable energy technologies in energy production. Consequently, the data concern wind and solar energy production and their representation in news media in Germany and the UK. The analysis proceeds as a quasi-experiment treating each yearly observation of energy production as a function of news media data with lagged variables.

Findings

The study reveals consistent dynamics in the lag in the primary production of energy in related technologies compared to the media visibility of the respective technologies.

Originality/value

This study explores the prospects of using news media data in foresight analysis concerning renewable energy production and provides many fruitful avenues for foresight research in investigating relationships between technology adoption and media exposure.

Details

Foresight, vol. 15 no. 6
Type: Research Article
ISSN: 1463-6689

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Article
Publication date: 1 January 2009

Tomi P. Haapaniemi and Saku J. Mäkinen

The purpose of this paper is to focus on the influence of national cultural dimensions on the evolution of national innovation adoption over time. The paper considers the…

Abstract

Purpose

The purpose of this paper is to focus on the influence of national cultural dimensions on the evolution of national innovation adoption over time. The paper considers the moderating effects of national wealth, population density and illiteracy rate on the role of cultural dimensions in the timing of innovation takeoff in national markets.

Design/methodology/approach

The empirical study investigates 137 national innovation adoption time series; the dependent variable being the time it takes for innovation adoption to take off. The independent variables are Hofstede's five cultural dimensions and the moderating variables are gross domestic product (GDP), population density and illiteracy rate.

Findings

The outcome of the study shows that cultural dimensions have a greater influence on takeoff time in countries with highly developed economies, dense populations and low illiteracy rates. The study also shows that especially the cultural dimension of individualism has a significant context independent influence on takeoff dynamics, whereas masculinity has no such effect.

Research limitations/implications

The paper provides evidence that the influence of cultural dimensions may be more complex than previously believed. Contribution of the research to the academic community especially lies in results regarding moderation effect of GDP, population density and illiteracy. Other independent and moderating variables could provide useful subjects for further research.

Practical implications

The results of this study could assist companies conducting business in cross‐national settings in planning their international operations in such areas as designing marketing promotions and deciding the entry order into national markets. Especially, useful the results are in pre‐takeoff phase of the evolution of innovation adoption.

Originality/value

The paper extends our understanding of the relationship between the national cultural dimensions and the early evolution of innovation adoption. Incomplete understanding of the cross‐national dynamics of the innovation adoption takeoff is scrutinized and the findings support earlier research that cultural dimensions affect adoption dynamics. The study demonstrates that the influence of cultural dimensions may be dependent on and moderated by other national attributes.

Details

Management Research News, vol. 32 no. 1
Type: Research Article
ISSN: 0140-9174

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Article
Publication date: 9 October 2009

Pradip K. Bhaumik, Alok K. Chakrabarti and Saku Mäkinen

During past ten years China and India have emerged as the favorite destination for R&D investment. In this paper a comparative evaluation of the process of technology…

Abstract

Purpose

During past ten years China and India have emerged as the favorite destination for R&D investment. In this paper a comparative evaluation of the process of technology development in China and India is carried out. The objective is to identify the rate of growth of technology and the patterns of development in different technology sectors.

Design/methodology/approach

The analysis is based on the tangible, measurable and recorded output of the technology development process – namely grant of patents. The authors have used US patents as the surrogate measure for the technological output between 1992 to 2007. The authors obtained data on inventor's background, ownership pattern of the patents, as well as technology sectors and descriptive statistics are used to compare the trends between the two countries.

Findings

The paper finds that both China and India have achieved very high growth rates in patents granted with some resident research between 1992 and 2007. Both have a high percentage of foreign‐owned and low percentage of joint ownership of patents. Also, a clear polarization in the composition of research teams is detected in both China and India in that international researcher teams have largely been used only for foreign and jointly owned patents. The authors find that corporations have become much more active in recent years in patenting and multi national companies have led the local companies in patent development across many sectors. The authors also detect some significant differences in the Chinese and Indian pursuit of patent development. About 30 to 35 percent of all patents developed in China are design patents – the rest being utility patents. For India almost all such patents – more than 95 percent – are utility patents. The authors find a clear dominance along the mechanical trajectory among the patents developed in China, while for India a similar dominance is along the chemical trajectory that includes pharmaceuticals and biotechnology. Another interesting finding is the growing share of ICT patents in both China and India, particularly in the last few years China has emerged ahead of India in terms of its patent development as well as in the internationalization of its patent development as reflected in the ownership of patents developed. However, even for foreign patents developed in these countries, researcher collaboration is showing a downward trend.

Originality/value

This paper carries out a comparative evaluation of the process of technology development in China and India. The analysis is based on the tangible, measurable and recorded output of the technology development process – namely grant of patents. The paper uses US patents as the surrogate measure for the technological output from China and India.

Details

Journal of Indian Business Research, vol. 1 no. 4
Type: Research Article
ISSN: 1755-4195

Keywords

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Book part
Publication date: 22 July 2013

Abstract

Details

Collaboration and Competition in Business Ecosystems
Type: Book
ISBN: 978-1-78190-826-6

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Article
Publication date: 15 February 2021

This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies.

Abstract

Purpose

This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies.

Design/methodology/approach

This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context.

Findings

Deciding when to enter new markets is becoming increasingly more difficult for companies. Managers can determine appropriate strategic approaches by focusing on product-level analysis and identifying factors that impact on the suitability of different entry points and subsequent performance.

Originality/value

The briefing saves busy executives and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format.

Details

Strategic Direction, vol. 37 no. 3
Type: Research Article
ISSN: 0258-0543

Keywords

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Article
Publication date: 18 September 2007

Saku Mäkinen and Marko Seppänen

The purpose of this paper is to synthesize taxonomical criteria that can be used for assessing research constructs and assess current business model conceptualizations…

Abstract

Purpose

The purpose of this paper is to synthesize taxonomical criteria that can be used for assessing research constructs and assess current business model conceptualizations. The paper attempts to show how the criticism plaguing current business model conceptualizations could be removed with future conceptual development against these taxonomical criteria.

Design/methodology/approach

The paper synthesizes taxonomical criteria and assesses current business model conceptualizations.

Findings

The results of the paper revealed that the current business model concepts comply poorly with the taxonomical criteria. The assessment of taxonomical compliance in this paper exposed major opportunities for enhancements in the existing conceptualizations of business model.

Research limitations/implications

The findings of the paper outline novel avenues for future research in developing more coherent and rigorous business model conceptualizations.

Practical implications

The practical implications of the paper are that current conceptualizations of a business model are at best incommensurate and at worst even misleading. This paper presents criteria that may be used in guiding the necessary caution and careful deliberation when practical application of the current business model conceptualizations is enforced.

Originality/value

The paper is original in that it establishes the taxonomical criteria, which may be used in research seeking to develop more sound and rigorous business model conceptualizations. To advance this new field the paper concludes that the taxonomical criteria can aid in the future research endeavors to design relevant business model conceptualizations.

Details

Management Research News, vol. 30 no. 10
Type: Research Article
ISSN: 0140-9174

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Article
Publication date: 13 November 2009

Aija Tapaninen, Marko Seppänen and Saku Mäkinen

The purpose of this paper is to investigate the criteria influencing the adoption of innovation in the empirical context of renewable residential energy solutions…

Abstract

Purpose

The purpose of this paper is to investigate the criteria influencing the adoption of innovation in the empirical context of renewable residential energy solutions, particularly the wood pellet heating system.

Design/methodology/approach

The study carried out an extensive literature review on Rogers’ characteristics of innovation theory and then complemented it with a content analysis on empirically perceived characteristics of wood pellet heating systems.

Findings

The literature review shows that most of the previous studies employ the characteristics of innovation but do not confirm the usability of the Rogers framework as a whole. In addition, our empirical results demonstrate that relative advantage is the predominant characteristic in the adoption of residential energy systems.

Research limitations/implications

The limitations of the literature review and the biases of empirical findings are discussed. For instance, there are limitations that the study is based on single country data and its theoretical approach relies on only one theory, Rogers’ characteristics of innovation.

Practical implications

In order to achieve sustainable strategic advantage, firms providing renewable energy solutions should attempt to communicate clearly the relative advantages instead of attempting to, for instance, offer an opportunity for trialling such green energy systems.

Originality/value

The paper highlights the use of characteristics of innovation and further empirically examines the perceived characteristics of an innovation considering green investments in residential heating systems. Owing to the exploratory nature of the study, the results provide a gateway to a number of possible avenues for future research.

Details

Journal of Systems and Information Technology, vol. 11 no. 4
Type: Research Article
ISSN: 1328-7265

Keywords

Content available
Article
Publication date: 13 November 2009

Heikki Karjaluoto

Abstract

Details

Journal of Systems and Information Technology, vol. 11 no. 4
Type: Research Article
ISSN: 1328-7265

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