Sustainable Development of the Innovation Ecosystem from the Perspective of T‐O‐V

Abstract

The innovation ecosystem is a dynamic network system of competition and cooperation between entities and enterprises as the core in order to achieve value cocreation. Technology provides growth power for the innovation ecosystem, organization provides management support for the innovation ecosystem, and value has a guiding effect on the innovation ecosystem. From the perspective of technology-organization-value to study the sustainable development of the innovation ecosystem, build a system dynamics model, take the automotive industry innovation ecosystem as a research case, and find that technological elements have the most significant role in promoting innovation performance and organizational elements have a role in promoting economic benefits. Most notably, the coordinated adjustment of technological elements, organizational elements, and value elements is conducive to improving the innovation performance and economic benefits of the innovation ecosystem, and corresponding management measures are proposed from the dimensions of technology, organization, and value, which further promotes the sustainable development of the innovation ecosystem.

Creating and Capturing Value in Innovation Ecosystems: A Systematic Literature Review Between 2010 and 2021

“…However, traditional governance models may face difficulties in new ecosystems in situations of high uncertainty (Kapoor & Klueter, 2021), as it is a challenge to demonstrate the creation and extraction of economic value in disruptive innovation environments (Banda et al, 2019). The platform framework is also a strategy to link actors with a common value proposition (Yan et al, 2021).…”

“…The literature describes examples of mechanisms of value creation and co-creation and collaboration between universities and companies (Yan et al, 2021) involving the sharing of research and development costs (Ritala et al, 2013). However, R&D collaborations are a dynamic phenomenon which evolve over time (Benitez et al, 2020).…”

Measuring the Development Capability of the Innovation Ecosystem from a Quadruple Helix Perspective—An Empirical Analysis Based on Panel Data for Chinese High-Tech Industries

“…Especially, the important players, elemental composition, and operational mechanisms of the system are studied [21][22][23]. The innovation ecosystem is an emerging concept that provides a new perspective on the strategic positioning of enterprises [24], where different players of the innovation ecosystem are born at different times, providing corresponding management measures for the sustainable development of the system by studying the impact of the synergy of the system elements on the innovation performance and economic efficiency of the system [25]. Some scholars have constructed a coordination mechanism model of innovation ecosystem value co-creation behavior based on the evolutionary game theory to study its evolutionary process [26].…”

Dynamic Simulation Research on the Effect of Governance Mechanism on Value Co-Creation of Blockchain Industry Ecosystem

“…Therefore, system dynamics is used in this study for modeling and simulation to quantitatively explore the complex relationship and influence mechanism between governance mechanisms and value co-creation of the blockchain industry ecosystem. Many scholars have used the system dynamics method to analyze the complex problems in the industrial ecosystem [13][14][15].…”

“…System dynamics is a subject founded by Forrester to analyze and simulate dynamic complex systems [13]. With nonlinear and causality characteristics, it has been favored by many scholars in the study of the construction and evolution of industrial ecosystems and are in line with the research requirements for a dynamic exploration of the relationship between the governance mechanisms of industry ecosystem and value co-creation [14,15].…”