Balancing innovation and exploitation in the fourth industrial revolution: Role of intellectual capital and technology absorptive capacity

Mahmood, Tarique; Mubarik, Muhammad Shujaat

doi:10.1016/j.techfore.2020.120248

Cited by 228 publications

(173 citation statements)

References 89 publications

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“…Materials and methods. There are different approaches to understanding the structure of intellectual capital (Marchenko, 2012;Tarique et al, 2020;Carroll, 1979;Keller, 2003). From our point of view, the intellectual capital has human, structural and client capital in its structure.…”

Section: Discussionmentioning

confidence: 99%

Methodological Approach to Evaluation of Component Intellectual Potential in Business Processes of Integrated Structures

Nifatova

Дудко

2021

mng

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Background and objectives. In today's information economy intangible assets play a more important role than tangible assets. An intellectual capital is used to determine intangible assets that enable a firm to increase its market value. In turn, the intellectual capital of an integrated business structure – a qualification, experience, staff motivation, knowledge, technology and communication channels are able to create added value providing a competitive advantage businesses.Methods. The methods used: method of analysis of hierarchies – to establish the importance (priority) of the selected components of the potential of intellectual synergy; expert evaluation method – to assess the potential of intellectual synergy of the integrated business structure; graphical – for a visual representation of analytical calculations.Findings. The results obtained in the pairwise comparison constituents potential intellectual synergy integrated business structure are as follows: within the component "human capital" greatest value on a scale of intensity has subconstituent "loyal employees" to part "structural capital" – "business model" for component "brand capital" – "trademarks/ brands". The results obtained when comparing the components together on a scale of intensity showed that the most important component of intellectual capital is the "human capital".Conclusion. The study revealed the importance of examined components of intellectual potential synergies, which include three subsystems: the potential of human capital, structural capital potential, the potential of brand equity and the comparison of them in terms of each individual business units using the analytic hierarchy process. The conducted study proves that the integration of intellectual capital management into the overall management system of the integrated business structure is a necessary condition for the harmonious combination of all systems of individual business units. That study has significant implications for brand management of integrated business structures by providing empirical evidence that can improve understanding of the need to prioritize the components of intellectual capacity.

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Section: Discussionmentioning

confidence: 99%

Methodological Approach to Evaluation of Component Intellectual Potential in Business Processes of Integrated Structures

Nifatova

Дудко

2021

mng

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“…In the context of the Fourth Industrial Revolution, the transition of a number of economies to a digital basis, a special role is assigned to the using of various digital tools in the structure of enterprises' innovation activities (Krykavskyy et al, 2019;Mahmood et al, 2020). In particular, a number of authors pay attention to the specifics of the using of blockchain, big data, cyber-physical systems and new-type laboratories in the process of building digital potential by companies, industrial enterprises and integrated structures (Galvin et al, 2020).…”

Section: Literature Reviewmentioning

confidence: 99%

Innovative activity of the enterprises in Kazakhstan: economic and statistical analysis

Tashenova¹

2020

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Object: the purpose of the presented scientific article is to conduct an economic and statistical analysis of the innovative activity of the enterprises in Kazakhstan; the object is the enterprises of Kazakhstan, characterized by innovative activity, introducing and using in their activities the results of intellectual labor, represented by new technologies, technical objects, patents for inventions, utility models, industrial designs, etc.Methods: to achieve the goal of the research, general scientific methods were widely used, in particular, the method of analysis, which made it possible to determine the entire set of parameters that characterize the innovative activity of enterprises in Kazakhstan; a generalization method aimed at establishing existing relationships between the considered economic objects and phenomena; method of graphic interpretation, which made it possible to visualize the results obtained; economic and mathematical methods, represented by correlation and regression analysis, methods of checking the constructed model based on the Student's, Fisher's test, the coefficient of determination and the Darbin-Watson test; forecasting methods based on the constructed multiple regression.Results: within the framework of the research, the authors built a multiple regression model for the innovation activity of the enterprises in Kazakhstan, the adequacy and correctness of which was verified using the Student's t-test, Fisher's test, the coefficient of determination and the Darbin-Watson test. At the same time, using the Gauss method, the normal system of equations was solved, which made it possible to obtain a standardized regression equation, taking into account the calculated coefficients. It is also important to note that the article provides a comprehensive analysis of the development of the theory of innovation and key approaches to the interpretation of the concept of "innovative activity of an enterprise" based on the research of various scientific materials, including those widely represented in scientometric databases -Scopus, Clarivate Analytics, Google Scholar and RSCI.Conclusions: using of correlation-regression analysis in terms of constructing multiple regression models is the optimal method that allows not only to effectively and comprehensively describe the innovative activities of the enterprises in Kazakhstan, but also to use it for the subsequent forecasting of the analyzed base indicator (dependent variable). The most important aspect remains the choice of parameters, which should be built on a deep and comprehensive understanding of the economic phenomenon under consideration, while their selection should be based on their strict economic interpretation, in particular by constructing matrices of pair correlation coefficients and taking into account multicollinearity.

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“…Industry 4.0 has changed companies' management, including the Internet of Things (IoT), cloud computing, big data, digitalization, and cyberphysical structures. It makes business processes more autonomous, streamlined, insightful, and digitalizes their end-to-end business processes to transform the business system of governance [1]. This digital technology transformation has a significant impact on the industrial revolution [2], notably creative industries.…”

Section: Introductionmentioning

confidence: 99%

Will Creative Industries Survive in Industrial Revolution 4.0? An Experience from Batik Tulis Lasem, Indonesia

Roziqin¹,

Fajrina²

2021

Proceedings of the 1st International Conference on Law and Human Rights 2020 (ICLHR 2020)

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The development of industrial revolution 4.0 impacted all aspects of human life. One of the aspects that predicted the future is the use of the internet, which will be increasingly significant in the industrial world. Indeed, this condition impacts the development of Small and Medium Enterprises (SMEs) in Indonesia, including Batik Tulis Lasem industries. Currently, batik entrepreneurs are not only faced with internal problems but also external ones as a result of industry 4.0. The purpose of this article is to explore how local stakeholders develop Batik Tulis Lasem in facing the 4.0 industrial revolution. This article uses descriptive qualitative methods to explain the research phenomenon. The primary data were obtained from observations, focus group discussions, and interviews, while secondary data from official government reports and previous research. The result is to respond to the internet's role in changing business models, and batik industry entrepreneurs take various steps depending on their capacity and management. In terms of governance, the local government issued a legal formal regulating Batik Tulis Lasem as hand-written batik instead of printed or stamped batik and provides facilitation to promote its product. Meanwhile, higher education institutions support the development of Batik Tulis Lasem in terms of management, online marketing training, capital and supporting tools, and patent assistance, such as the Intellectual Property Right (IPR).

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Balancing innovation and exploitation in the fourth industrial revolution: Role of intellectual capital and technology absorptive capacity

Cited by 228 publications

References 89 publications

Methodological Approach to Evaluation of Component Intellectual Potential in Business Processes of Integrated Structures

Methodological Approach to Evaluation of Component Intellectual Potential in Business Processes of Integrated Structures

Innovative activity of the enterprises in Kazakhstan: economic and statistical analysis

Will Creative Industries Survive in Industrial Revolution 4.0? An Experience from Batik Tulis Lasem, Indonesia

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