TY - JOUR T1 - Ecosystem Value Creation and Capture: A Systematic Review of Literature and Potential Research Opportunities JF - Technology Innovation Management Review Y1 - 2020 A1 - Behrooz Khademi KW - ecosystem KW - strategy KW - Systematic literature review KW - value capture KW - value creation AB - Collaboration, co-creation, and competition are essential strategies for success in today’s modern businesses. In comparison with former ways of doing business in isolation, ecosystems nowadays have created ample opportunities for generating significantly more values. However, there are also potential threats in the pathway towards success in ecosystems. Ecosystem value creation and capture (EVCC) has recently gained significant attention in the academic literature of business and management. Yet, due to the complex structures of ecosystems and ambiguity in understanding value creation and capture in ecosystems, the contributions heretofore are fragmented, where scholars analysed different aspects of EVCC. The present study offers a systematic review of the literature to shed light on the EVCC studies. The content analysis of a fine-grained sample of articles relevant to EVCC revealed that despite the initiation of discussions in 2007, the topic did not gain noticeable attention until 2016. A 150% increase in the number of papers has since been observed. The paper contributes to the intersection of strategy and studies on EVCC by synthesizing existing knowledge, illuminating current EVCC research, and highlighting potential research avenues. PB - Talent First Network CY - Ottawa VL - 10 UR - timreview.ca/article/1311 IS - 1 U1 - Royal Melbourne Institute of Technology Behrooz Khademi is a PhD Candidate in Technology and Innovation Management at Royal Melbourne Institute of Technology (RMIT) in Melbourne, Australia. He received his BSc degree in Production and Manufacturing Engineering from the National Technical University of Ukraine in Kiev, Ukraine, and his MSc degree in Industrial Engineering and Management from Lappeenranta University of Technology in Lappeenranta, Finland. His research focuses on value creation, value capture, and knowledge management in ecosystems. He applies a variety of scientometric, patentometric, and text mining methods in his research. ER - TY - JOUR T1 - Editorial: Insights (January 2020) JF - Technology Innovation Management Review Y1 - 2020 A1 - Stoyan Tanev A1 - Gregory Sandstrom KW - AI KW - artificial intelligence KW - B2B sales KW - big data KW - business-to-business sales KW - data-based value KW - digital solutions KW - ecosystem KW - ecosystems KW - Ethics KW - Gujarat State KW - Indian IT industry KW - innovation KW - IT clusters KW - Knowledge Innovation clusters KW - Networks Analysis KW - regional development KW - Roboethics KW - Smart robot KW - strategy KW - Systematic literature review KW - technology KW - value capture KW - value creation KW - value sales PB - Talent First Network CY - Ottawa VL - 10 UR - timreview.ca/article/1298 IS - 1 U1 - Technology Innovation Management Review Stoyan Tanev, PhD, MSc, MEng, MA, is Associate Professor of Technology Entrepreneurship and Innovation Management associated with the Technology Innovation Management (TIM) Program, Sprott School of Business, Carleton University, Ottawa, ON, Canada. Before re-joining Carleton University, Dr. Tanev was part of the Innovation and Design Engineering Section, Faculty of Engineering, University of Southern Denmark (SDU), Odense, Denmark. Dr. Tanev has a multidisciplinary background including MSc in Physics (Sofia University, Bulgaria), PhD in Physics (1995, University Pierre and Marie Curie, Paris, France, co-awarded by Sofia University, Bulgaria), MEng in Technology Management (2005, Carleton University, Ottawa, Canada), MA in Orthodox Theology (2009, University of Sherbrooke, Montreal Campus, QC, Canada) and PhD in Theology (2012, Sofia University, Bulgaria). Dr. Stoyan Tanev has published multiple articles in several research domains. His current research interests are in the fields of technology entrepreneurship and innovation management, design principles and growth modes of global technology start-ups, business analytics, topic modeling and text mining. He has also an interest in interdisciplinary issues on the interface of the natural and social sciences. U2 - Technology Innovation Management Review Gregory Sandstrom is Managing Editor of the Technology Innovation Management Review. Former Associate Professor of Mass Media and Communications at the European Humanities University and Affiliated Associate Professor at the Social Innovations Laboratory, Mykolas Romeris University in Vilnius, Lithuania. PhD from St. Petersburg State University and the Sociological Institute of the Russian Academy of Sciences, sector on Sociology of Science. Postdoctoral Research Fellow at the Lithuanian Science Council and Autonomous National University of Mexico's Institute for Applied Mathematics and Systems. Promoter and builder of blockchain distributed ledger technology systems and digital extension services. ER - TY - JOUR T1 - Managing Innovation Ecosystems to Create and Capture Value in ICT Industries JF - Technology Innovation Management Review Y1 - 2016 A1 - Jarkko Pellikka A1 - Timo Ali-Vehmas KW - innovation ecosystem KW - management KW - network KW - strategy KW - value capture AB - In a new knowledge-intensive economic landscape, firms need to access external knowledge sources due to their inability to generate all necessary knowledge on their own. The interaction with and learning from external knowledge sources implies that firms depend upon decisions and actions made by business partners and external support organizations. This network of linkages can be considered as an ecosystem in which commercial enterprises and non-firm organizations interact with one another and work together to create and capture value. Previous studies have shown that a firm’s ability to successfully commercialize a new product depends not only on its own technology strategy but also its capabilities to manage an innovation ecosystem strategy. Dynamic markets, intense competition, and shorter product lifecycles force companies across different industries to create and capture value more rapidly by launching new innovations. Well-defined and executed innovation ecosystem strategies can help companies to develop new markets and business opportunities for the different types of innovations and enable their businesses to grow. This study provides new insight into how an ecosystem strategy can be formed based on the traditional strategy literature and proposes a conceptual framework for senior leaders to form an ecosystem strategy. PB - Talent First Network CY - Ottawa VL - 6 UR - http://timreview.ca/article/1024 IS - 10 U1 - Nokia Technologies Jarkko Pellikka is Head of Operations at Nokia Technologies in Espoo, Finland. He holds a PhD in Economics and Business Administration, a Lean Six Sigma Black Belt, and PMP certifications. He has worked for several years in leading global multinational companies and he has been responsible for managing and developing numerous global business operations and major initiatives in technology and innovation management. His research focuses on the commercialization process of innovation, operations and technology management, and business development in technology industries. His research on the commercialization process of innovation, innovation management, and business leadership in high-technology industries has been published in several international journals and books. U2 - Nokia Technologies Timo Ali-Vehmas is a Nokia Fellow and currently works as Head of Ecosystems Research at Nokia Technologies in Espoo, Finland. In his previous role, he was in charge of Nokia’s standardization activities as the Vice President, Compatibility and Industry Collaboration, including Nokia’s contributions to forums such as the 3GPP, ETSI, CCSA, ITU, IETF, W3C, OMA, DLNA, IEEE, WFA, BT, and many others. He has been working at Nokia since 1980 in a number of different areas, including R&D manager of the first Nokia GSM mobile phone and later Vice President, WCDMA Product Programs in Nokia Mobile Phones. He was also tasked to establish the Radio Communication Laboratory in the Nokia Research Centre. For several years, he has been also a member of the European Union's Open Innovation Strategy and Policy Group (OISPG). Since 2012, Timo has served as the Chairman of the Board of Nokia Foundation and since 2008 has been a member of the Board of the Walter Ahlström Foundation. ER - TY - JOUR T1 - Business Model Discovery by Technology Entrepreneurs JF - Technology Innovation Management Review Y1 - 2012 A1 - Steven Muegge KW - business models KW - commercialization KW - innovation KW - technology entrepreneurship KW - value capture KW - value creation AB - Value creation and value capture are central to technology entrepreneurship. The ways in which a particular firm creates and captures value are the foundation of that firm's business model, which is an explanation of how the business delivers value to a set of customers at attractive profits. Despite the deep conceptual link between business models and technology entrepreneurship, little is known about the processes by which technology entrepreneurs produce successful business models. This article makes three contributions to partially address this knowledge gap. First, it argues that business model discovery by technology entrepreneurs can be, and often should be, disciplined by both intention and structure. Second, it provides a tool for disciplined business model discovery that includes an actionable process and a worksheet for describing a business model in a form that is both concise and explicit. Third, it shares preliminary results and lessons learned from six technology entrepreneurs applying a disciplined process to strengthen or reinvent the business models of their own nascent technology businesses. VL - 2 UR - http://timreview.ca/article/545 IS - 4 U1 - Carleton University Steven Muegge is an Assistant Professor at the Sprott School of Business at Carleton University in Ottawa, Canada, where he teaches within the Technology Innovation Management (TIM) program. His research interests include open and distributed innovation, technology entrepreneurship, product development, and commercialization of technological innovation. The ideas presented in this article were an outcome of work with talented graduate students in the TIM program, mentoring first-time entrepreneurs in the Lead to Win, Ottawa Young Entrepreneurs (OYE), and Carleton Entrepreneurs programs, and his own research program on commercializing innovation. ER -