Study on Business Ecosystem Research Trend Using Network Text Analysis

Abstract

The management environment is moving into a new phase with the changing global circumstances. The business ecosystem as a management strategy has been studied for the last 30 years since the concept was introduced. The purpose of this study was to analyze the research trend in business ecosystem by using network next analysis and to understand the concept, being one that is still being actively studied. Network text analysis is a commonly used method to analyze research trends by forming networks based on bibliographic data of the articles, namely, keywords. For the analysis, we collected the data and keywords from 340 research papers published in global academic journals related to business ecosystem on the basis of the Scopus database. Through keywords extraction and cleansing, we found that the keywords of “innovation”, “sustainability”, and “platform” were mentioned most frequently, and the research topics were correlated to each other. Moreover, we conducted degree centrality and betweenness centrality analysis along with clustering analysis by transforming the two-mode network into a one-mode network. Degree centrality involves analyzing the degree to which one keyword links to other keywords, and betweenness centrality shows the mediating effects of a keyword to other keywords. In the centrality analysis results, “innovation”, “sustainability”, “platform”, and “business model” showed the highest degree centrality, and “sustainability”, “innovation”, “China”, and “platform” had the highest betweenness centrality. Then, we classified the clusters of subtopics into five groups. The current study examined accumulated research and suggested a comprehensive understanding of the research trend in business ecosystem by incorporating a method enabling research trend analysis to secure objectivity. This research is expected to help researchers to review the research trend in business ecosystem and identify expandable topics for further studies.

Research on Value Co-Creation New Business Model of Import Cross-Border E-Commerce Platform Ecosystem

“…ey defined business ecosystems as a group of loosely connected but necessary system participants who make progress together, value creation, and sharing. After the research on the definition of business ecosystems was relatively mature, more scholars focused on the business ecosystems of impact on other fields (e.g., [9,10]). Penttil et al [11] developed an empirical model to analyse the personal managers' sensemaking, which is affected by the changing of the business environment and the various stakeholders in that network.…”

What Are the Topics That Business Ecosystems Navigate? Updating of Scientific Activity and Future Research Agenda

“…In 2021, the publications increased to 24 documents, among them those linked to the sustainability variable stand out [11,18,19,31]. As of the date of preparation of this bibliometric document (October 2022), only 23 manuscripts had been registered, but according to the annual growth rate of 13.21%, a registration of 27 studies is expected.…”

“…Companies that leverage business ecosystems will be better positioned to drive innovation and capital efficiency in creating user value. A good understanding of business ecosystems is increasingly important to keep up with and stay ahead of the pace of change [10][11][12][13].…”

“…The business ecosystem as a management strategy moves to a new stage with the recent changes in global scenarios [11,27,28]. This is how business ecosystems play a key 2 of 14 role in the knowledge applied by companies that lead to the achievements and objectives planned by this sector [13].…”

“…There are numerous study topics linked to business ecosystems, such as digital business ecosystems [4,29,30], sustainability [11,31,32], business development [33][34][35], business models [7,36,37], benchmarking [38], electronic commerce [7,39], supply-chain management [8,9], and blockchain [40,41], among others.…”