Business Model Innovation of Startups Developing Multisided Digital Platforms

Still, Kaisa; Seppänen, Marko; Korhonen, Heidi; Valkokari, Katri; Suominen, Arho; Kumpulainen, Miika

doi:10.1109/cbi.2017.86

Cited by 21 publications

(10 citation statements)

References 7 publications

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“…A digital platform is a platform that integrates all of the information, computing, and connection technologies needed by enterprises and organizations [11]. It is a bridge that connects the relationship between innovation actors and realizes the goal of multi-actor interaction and common innovation value [61]. Digital platforms rely on features such as dynamic plasticity [27], higher processing power, and low cost [22] to be able to connect multifunctional technologies and innovation actors [21].…”

Section: Multidimensional Digital Empowerment and Technology Innovati...mentioning

confidence: 99%

How Multidimensional Digital Empowerment Affects Technology Innovation Performance: The Moderating Effect of Adaptability to Technology Embedding

Wang

2022

Sustainability

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Technology innovation in high-end equipment manufacturing (HEM) enterprises technology innovation plays an important role in supporting national economies and social development, accelerating the speed of digital transformation. Digital empowerment aggravates the dynamics, complexity, and uncertainty of technology innovation in HEM enterprises. In order to improve the innovation performance mechanism of China’s HEM enterprises, the adaptability of technology embedding and digital empowerment are introduced to further explain the direct and the moderating effect. Specifically, through a literature review and practical research, the connotation and dimensional division of digital empowerment are defined. According to empowerment tools, digital empowerment is divided into resource empowerment and structural empowerment, and according to the empowerment actor relationships, digital empowerment is divided into platform empowerment and ecological empowerment. Additionally, 436 HEM enterprises are used as research objects to build a conceptual model of the different digital empowerment dimensions, adaptability to technology embedding and technology innovation performance. The research results show that resource empowerment and structural empowerment have U–shaped effects on technology innovation performance, and platform empowerment and ecological empowerment positively affect technology innovation performance. Then, adaptability to technology embedding positively moderates the U-shaped relationship between structural empowerment and technology innovation performance. Adaptability to technology embedding positively moderates the relationship between resource empowerment, platform empowerment, ecological empowerment and technology innovation performance. The research findings deepen the connotation and dimension of digital empowerment, demonstrating the nonlinear relationship between digital empowerment and technology innovation performance of HEM enterprises. Additionally, the research expands on the new applications of adaptability to technology embedding in the digital transformation of manufacturing.

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Section: Multidimensional Digital Empowerment and Technology Innovati...mentioning

confidence: 99%

How Multidimensional Digital Empowerment Affects Technology Innovation Performance: The Moderating Effect of Adaptability to Technology Embedding

Wang

2022

Sustainability

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“…For the duration of the ELG project the most important element of innovation is the creation of ELG itself. The use of a platform in the scope of LT as a multisided marketplace, allowing participants to create value together by interacting with each other represents an innovative business model (Still et al 2017). Beyond the platform itself, the creation of products (Section 2.3.1) and services (Section 2.3.2) form two further promising alleys for innovation activities.…”

Section: Boundariesmentioning

confidence: 99%

Innovation and Marketplace: A Vision for the European Language Grid

Prinz¹,

Backfried²

2022

European Language Grid

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This chapter provides a comprehensive overview of innovation and the ELG marketplace as core elements for the generation of value and the creation of an active, attractive and vibrant community surrounding the European Language Grid. Innovation is an essential element in making ELG a credible and sustainable undertaking. However, it does not happen by itself nor materialise in a vacuum. Consequently, ELG provides a habitat for various kinds of innovation and a home for the necessary community to put innovation into action. The marketplace is essential for attracting participants supplying and demanding services, resources, components and technologies on a European scale. Innovation and marketplace – as well as the overall business model – are tightly connected and need to be developed and managed in a joint manner. Clearly, this is not a one-off activity, but rather needs to be carried out continuously and extend into the future. ELG is designed and created to promote the excellence and growth of the European LT market, creating new jobs and business opportunities and supporting European digital sovereignty. Encompassing a wide array of technologies and resources for many languages spoken across Europe and in neighbouring regions, it contributes to the Multilingual Digital Single Market as a cross-European driver for innovation.

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“…Gallarza et al (2011) found that value perceived by consumers could have an impact on their decision-making. Also, Grönroos (2011) emphasized that both consumers and businesses are involved in the value creation process and Still et al (2017) added that it mainly is new technology, processes and consumers that are the driving sources of value creation on the Internet. The concept of value creation has traditionally been considered as the ability of a business to identify a value proposition for a relevant customer segment (Morgan & Finnegan, 2014).…”

Section: Valuementioning

confidence: 99%

Mind Your Own Business : Understanding and characterizing valuecreated by consumers in a digital economy

Mileros

2020

Linköping Studies in Science and Technology. Licentiate Thesis

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In the context of what is commonly referred to as consumer-centric digital economy, personal data has become the new currency which is utilized by consumers to be granted access to seemingly "free apps" within so-called digital zero-price markets. Simultaneously, there are consumers, known as "content creators", who can generate million-dollar revenues annually. The current understanding of how consumers create and capture value within this new digital economy is scarce and more research is needed to systematically build a basis for creating an understanding of value creation and capture in the consumer-centric digital economy, based on a consumer perspective. The purpose of this dissertation is consequently to explore how consumers create and capture value within a consumer-centric digital economy. The explorative study also serves to obtain an initial overview of the phenomenon and the widely dispersed literature which spans different research fields. The collected data constitute more than 500 articles in combination with empirical data collected from websites. Based on the current literature, central concepts related to consumer-centric digital economy are explained. These include for instance Web 2.0, user-generated content and the consumerto-business relationship. The different concepts are discussed in relation to each other and a trend analysis shows that these concepts are on the rise and have become increasingly popular. The results show that consumers within the digital economy may take different roles, and some create value as business-oriented consumers (i.e., consumers who have a commercial interest). For instance, they make a business out of their participation in the digital economy. Examples are YouTubers, bloggers or creators in virtual worlds such as Second Life. Another, probably larger category is characterized as traditional consumers, for instance they participate in the digital economy through their use of seemingly "free" apps but do not reap any direct monetary benefits. By sharing their personal data, they take part in value creation in a more passive way. The findings also indicate that the level of control, e.g. determined by whether or not value is created within the digital platform, may characterize the prerequisites for value capture. Based on this, a taxonomy for value creation and value capture by consumers in the digital economy is developed. The study also identifies different business model types for business-oriented consumers.

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Business Model Innovation of Startups Developing Multisided Digital Platforms

Cited by 21 publications

References 7 publications

How Multidimensional Digital Empowerment Affects Technology Innovation Performance: The Moderating Effect of Adaptability to Technology Embedding

How Multidimensional Digital Empowerment Affects Technology Innovation Performance: The Moderating Effect of Adaptability to Technology Embedding

Innovation and Marketplace: A Vision for the European Language Grid

Mind Your Own Business : Understanding and characterizing valuecreated by consumers in a digital economy

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