Investigating the effects of stakeholder collaboration strategies on risk prevention performance in a digital innovation ecosystem

Abstract

PurposeThe risks associated with digital innovation increasingly challenge value co-creation among stakeholders within the innovation ecosystem. Stakeholder collaboration is helpful in preventing risk occurrence. This study intends to explore the effects of different stakeholder collaboration strategies on risk prevention performance in a digital innovation ecosystem context.Design/methodology/approachA systematic literature analysis was first conducted to identify risk factors of digital innovation based on the technology–organization–environment (TOE) framework. Then, a bidimensional network model was constructed to visualize the collaborative relationships among stakeholders and the identified risks by focusing on a digital innovation case. The social network analysis method was applied to design stakeholder collaboration strategies from the ego and global network perspectives, and a simulation approach was conducted to evaluate the effects of the strategies on risk prevention performance.FindingsThe results validate the positive effect of stakeholder collaboration on risk prevention performance and reveal the important role of network reachability in formulating collaboration strategies. The strategy of strong–strong collaboration strategy can best enhance risk prevention performance like a “Matthew effect” in the digital innovation ecosystem.Originality/valueFirst, risk identification based on the TOE framework provides a systematic list of risk factors for future digital innovation risk management research. Second, this study designs stakeholder collaboration strategies from a network perspective to enhance the understanding of the network status of each stakeholder and the network structure of the digital innovation ecosystem. Third, the simulation results reveal the effects of different collaboration strategies on risk prevention performance.

Digital Innovation Ecosystem on Digital Entrepreneur

“…Within the innovation ecosystem, digital innovation can grow and develop. Digital innovation is the creation of new goods, services, processes, and business models via the development and usage of digital technology (Nambisan, 2017;Li et al, 2022). This definition stresses two concurrently crucial components.…”

Guest editorial: Deconstructing business ecosystems: complementarity, capabilities, co-creation and co-evolution

“…The study of Li et al (2022b) pays attention to the effect of stakeholder collaboration on risk prevention performance in a digital innovation ecosystem. They adopt the technology-organization-environment (TOE) framework to identify the risk factors of digital innovation reported in the current literature.…”

“…The six papers in this special issue cover multiple aspects of ecosystems, including complementarity, capabilities, co-creation and co-evolution (see Table 1). It is noted that four papers focus on innovation ecosystems, including one paper on green innovation system (Fan et al , 2022) and another one on digital innovation system (Li et al , 2022b). Indeed, both green innovation and digital innovation have attracted close attention in academia and practice in the recent years (Li et al , 2022a; Vial, 2019).…”

“…Cui et al , 2022; Liang et al , 2022; Zhou et al , 2022) or a simulation method (e.g. Li et al , 2022b; Zhang et al , 2022). A longitudinal case study provides rich information of a business ecosystem while a multiple case study enables comparison between case firms to offer deep insights.…”

Insight into the Balancing Effect of a Digital Green Innovation (DGI) Network to Improve the Performance of DGI for Industry 5.0: Roles of Digital Empowerment and Green Organization Flexibility

“…This network can help manufacturing enterprises obtain DGI resources from members of the innovation ecological network by virtue of ecological advantages [14]. This helps network participants jointly cope with the rapid changes in the digital green market to improve innovation efficiency and achieve value co-creation [15]. However, how to establish digital green knowledge and digital green resources in the specific digital environment is still very important.…”