The transformation of R&amp;D into neo open innovation- a new concept in R&amp;D endeavor triggered by amazon

Tou, Yuji; Watanabe, Chihiro; Moriya, Kuniko; Naveed, Nasir; Vurpillat, Victor; Neittaanmäki, Pekka

doi:10.1016/j.techsoc.2019.05.005

Cited by 29 publications

(38 citation statements)

References 19 publications

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“…This statement also explains the relationship between sales, operating income, R&D, and net income. Amazon describes expenses for R&D as those for "technology and content" [3,4]. Operating income (OI) measures the amount of profits realized from a business's operations, after deducting operating expenses such as wages, depreciation, and cost of goods sold including expenses for R&D (which Amazon describes technology and product) from revenues (sales: S).…”

Section: Amazon's Key Managerial Factorsmentioning

confidence: 99%

“…Amazon has not paid a dividend since its IPO in 1997, nor has it done any buybacks of its shares since 2012. That strategy is reflected in spending on R&D activities, which has led to Amazon becoming the world's top R&D firm over a short period of time [3,4] as demonstrated in Fig. 3.…”

Section: Amazon's Key Managerial Factorsmentioning

confidence: 99%

“…Amazon, which is based on R&D as a culture, has been promoting companywide experimentation to cause customers obsessed with making purchase decisions. This has enabled Amazon to deploy an architecture for participation that makes the most of digital technologies by harnessing the power of users (Tou et al, 2019a(Tou et al, , 2019c. Such user-driven innovation enabled Amazon to offer lower prices of goods and services, which satisfied customers leading to a virtuous cycle between them.…”

Section: Unique Function In Amazon's Marketplacementioning

confidence: 99%

“…Notwithstanding such circumstances, Amazon demonstrated a conspicuous increase in its R&D and jumped up to the world top R&D firm in 2017 with a skyrocketing increase in its market capitalization. The authors in their preceding analysis elucidated a dynamism leading Amazon such a rapid jump within a short period of time [3,4]. Such a miraculous model has shed light on the financial system supported and endorsed such a reckless challenge to risky investment as R&D that incorporates such nature as uncertainty, long lead-time, and successive huge amount of fund without interruption.…”

Section: Introductionmentioning

confidence: 99%

“…Following the preceding studies [3,4,11] this paper attempted to provide a convincing bridge between Amazon's mysteries of CCC-driven cash flow management and transformation of R&D concept.…”

Section: Introductionmentioning

confidence: 99%

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2019

IJMIT

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Amazon became the world R&D leader in 2017 by rapidly increasing R&D investment. The company's extremely large amount of R&D funds is the result of an ample free cash flow generated by sophisticated cash conversion cycle (CCC) management. Increased R&D induced business advancement and lean cost structure construction leading to further increase in cash flow which has stimulated interaction between vendors, customers, and Amazon via the Amazon marketplace. Activated interaction accelerated CCC advancement, a subsequent free cash flow increase, and user-driven innovation, thus accelerated the transformation of routine or periodic alteration activities into significant improvement simultaneously. All of these components function together as a consolidated sophisticated machine. In light of the increasing concern to R&D resources development without the dilemma of a productivity decline that most digital economies are now confronting, this paper demonstrated the above hypothetical view. An intensive empirical analysis focusing on the development trajectory of Amazon's techno-financing system over a period from 1997 to 2018 was conducted. An insightful suggestion to neo open innovation that fuses financing management and R&D management was thus provided.

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Section: Amazon's Key Managerial Factorsmentioning

confidence: 99%

Section: Amazon's Key Managerial Factorsmentioning

confidence: 99%

Section: Unique Function In Amazon's Marketplacementioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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2019

IJMIT

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Online food prices during the COVID‐19 pandemic

Hillen

2020

Agribusiness

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During the coronavirus disease‐2019 pandemic, online grocery shopping experienced a never seen popularity in many countries. To study how the globally active online grocer Amazon Fresh reacted to this extraordinary demand increase, we analyzed a large dataset of daily price quotes for over 19,000 products for the customer location, Los Angeles. We found that contrary to the US consumer food price index, the overall price level at Amazon Fresh did not increase during the pandemic, but even slightly decreased for several product groups. Amazon seems to follow its low‐price strategy also in the grocery sector, even in times of high demand. However, during the lockdown phase, there were more price increases for certain highly demanded product groups such as frozen and prepared foods. Moreover, fewer prices were communicated as promotional prices. Because this change did not influence the general price level, we conclude that such promotional prices are used more as a marketing tool than as a price‐setting instrument.

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Transformative Direction of R &D into Neo Open Innovation

Watanabe¹,

Tou²

2023

Computational Methods in Applied Sciences

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The transformation of R&D into neo open innovation- a new concept in R&D endeavor triggered by amazon

Cited by 29 publications

References 19 publications

Untitled

Untitled

Online food prices during the COVID‐19 pandemic

Transformative Direction of R &D into Neo Open Innovation

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