A Digital Ecosystem for Co-Creating Business with People

Karhu, Kimmo; Botero, Andrea; Vihavainen, Sami; Tang, Tingan; Hämäläinen, Matti

doi:10.4304/jetwi.3.3.197-205

Cited by 15 publications

(10 citation statements)

References 15 publications

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“…• What are the new capabilities and skills needed to manage platforms and their ecosystems? (Karhu et al 2011, Gatautis & Audrone 2014, Pilinkienė & Mačiulis 2014, Shang & Shi 2013, Zhao & Liu 2009, Gao et al 2013.…”

Section: Research Agenda For Ecosystem Researchmentioning

confidence: 99%

A bibliometric review on innovation systems and ecosystems: a research agenda

Suominen

Seppänen

Dedehayir

2019

EJIM

140

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Purpose The ecosystem perspective on innovation and business has emerged as the secret sauce of innovative organizations. While its theoretical foundations are premised on innovation system literature, the broad adoption of the ecosystem concept has resulted in conceptual ambiguity. The purpose of this paper is to tackle the ambiguous use of innovation ecosystem terminology and structure a conceptual frame for the field, identifying definitions of an innovation ecosystem and how the concept has been established in previous literature. Design/methodology/approach This paper examines the ambiguous use of terminology by reviewing the literature with bibliometric coupling and co-citation analysis by which thematic differences in ecosystem literature were identified. The study gathered the scientific publications from Thomson Reuters Web of Sciences Core Collection (n=4,681) from 1990 to 2015. Findings Six major bibliometrically coupled clusters were identified, of which the three largest clusters are innovation system studies, regional innovation studies and technological innovation studies. In addition, further analysis shows an emerging cluster that is focused on ecosystems, having its roots in eight seminal papers. This ecosystem research cluster includes seven sub-clusters, such as innovation ecosystem studies, business ecosystem studies and studies focusing on ecosystem development. Research limitations/implications The authors’ approach highlights how a lot of recent ecosystem studies actually belong to previous, well-developed research streams. However, there is also a separate, emergent research stream that includes the innovation and ecosystem studies. As a research implication, the paper concludes by suggesting the research agenda for further studies. Originality/value Even though literature on innovation systems and ecosystems is extensive literature, no studies have captured the emergence of the ecosystems approach and its relation with the systems of innovation literature.

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Section: Research Agenda For Ecosystem Researchmentioning

confidence: 99%

A bibliometric review on innovation systems and ecosystems: a research agenda

Suominen

Seppänen

Dedehayir

2019

EJIM

140

View full text Add to dashboard Cite

show abstract

“…Also, the concept of digital ecosystem is used for understanding how companies can co-create business with people. Co-creation refers to the scenario in which individuals or consumer communities produce marketable value in voluntary activities conducted independently of any established organization, although they may be using platforms provides by such organizations (Karhu, Botero, Vihavainen, Tang, & Hämäläinen, 2011).…”

Section: Digital Ecosystem Researchmentioning

confidence: 99%

Framework to assess organizational readiness for digital transformation

Sánchez

2017

Dempresarial

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The digital transformation puts to the test the sustainability of traditional business models. The aim of this research work is to formulate a framework that explains resources, capabilities and management choices necessary to respond to the new environment. The proposal is based on literature review of both theoretical and empirical research. The framework abstracts complexity to isolate a few key variables. Its specification is based on system dynamics since it naturally models forces of change in a complex system so that their influences can be better understood.La transformación digital pone a prueba la sustentabilidad de los modelos de negocio tradicionales. El objetivo de este trabajo de investigación es formular un marco de referencia que explique los recursos, capacidades y decisiones gerenciales necesarias para responder al nuevo ambiente. La propuesta se basa en una revisión literaria de investigaciones tanto teóricas como empíricas. El marco de referencia abstrae la complejidad para aislar unas pocas variables clave. Su especificación se basa en dinámica de sistemas dada que naturalmente modela fuerzas de cambio en un sistema complejo de modo que sus influencias pueden entenderse mejor.A transformação digital testa a sustentabilidade dos modelos de negócios tradicionais. O objetivo desta pesquisa é desenvolver um modelo para explicar os recursos, capacidades e decisões de gestão necessárias para responder ao novo ambiente. A proposta é baseada em uma revisão da literatura tanto da pesquisa teórica e empírica. O modelo abstrai a complexidade para isolar algumas variáveis-chave. Sua especificação é baseada en dinâmica de sistemas dado que naturalmente modela as forças de mudança em um sistema complexo de modo que sua influência pode ser melhor compreendida.

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“…1 In analogy to the "platform-as-a-service" concept, operating platforms are increasingly ecosystems which also comprise electronic marketplaces, such as the Apple AppStore or the Google Play marketplace (e.g. (Basole and Karla 2011), (Karhu and Botero 2011)). They are innovative distribution platforms and already feature a broad variety of financial services.…”

Section: Drivers Of Transformationmentioning

confidence: 99%

The rise of customer-oriented banking - electronic markets are paving the way for change in the financial industry

Alt

Puschmann²

2012

Electron Markets

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The banking industry has been a pioneer in adopting electronic markets with exchanges, clearinghouses, and multilateral trading facilities having become the backbone of today's globally integrated financial transactions. While most banks use the services of these electronic markets to handle interbank processes, they still strive for bilateral relations in the field of customer-facing processes. This position paper argues that the financial crises, the changing behavior of customers, upcoming innovations based on information technology (IT) and financial services offered by non-banks are strong drivers towards more customerorientation in the financial industry. A large variety of banking IT innovations has emerged and illustrates that traditional banks are expected to have less power to impede competition at the customer interface and in consequence need to re-position themselves. Building on these developments on the one hand and existing electronic market infrastructures in the banking industry on the other, the concept of a customer-oriented financial market infrastructure is proposed as a possible future solution. The impact is illustrated using a competitive analysis of the banking industry and analogies to the media industry where new entrants from the computing industry have caused disruptive changes. Besides describing the threat to existing banks, the position paper also discusses the perspectives for banks.

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A Digital Ecosystem for Co-Creating Business with People

Cited by 15 publications

References 15 publications

A bibliometric review on innovation systems and ecosystems: a research agenda

A bibliometric review on innovation systems and ecosystems: a research agenda

Framework to assess organizational readiness for digital transformation

The rise of customer-oriented banking - electronic markets are paving the way for change in the financial industry

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