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Research Question: Open innovation and the open business model exaggerate complexity (a transaction cost) in addition to the realization of emergence and its lock-in. Within a short period, Alibaba has become one of the global top e-commerce companies with several open innovation business models. Our research question was: “How could Alibaba become a global top e-commerce company in China in such a short time?” Research Method: We chose a deep interview method, participatory observation, and meta-analysis to answer this research question. Research Result: Alibaba has applied global, creative e-commerce business models through open innovation in a short time. In addition, it has overcome complexity—i.e., the cost of open innovation and the force that breaks down a company—through an open innovation-friendly culture. This is a “Jack-Ma style consumer confidence and new Guanxi culture”, a new and strong Chinese corporate culture. Alibaba has also undergone the expansion of its open business model feedback loop platform. This study investigated the expanded open business model feedback loop platform, the continuously strengthened open-innovation-friendly culture, and complexity, with the latter being the cost of open innovation, which was controlled by an open-innovation-friendly culture and open business model feedback loop.
JinHyo Joseph Yun; Xiaofei Zhao; KyungBae Park; Lei Shi. Sustainability Condition of Open Innovation: Dynamic Growth of Alibaba from SME to Large Enterprise. Sustainability 2020, 12, 4379 .
AMA StyleJinHyo Joseph Yun, Xiaofei Zhao, KyungBae Park, Lei Shi. Sustainability Condition of Open Innovation: Dynamic Growth of Alibaba from SME to Large Enterprise. Sustainability. 2020; 12 (11):4379.
Chicago/Turabian StyleJinHyo Joseph Yun; Xiaofei Zhao; KyungBae Park; Lei Shi. 2020. "Sustainability Condition of Open Innovation: Dynamic Growth of Alibaba from SME to Large Enterprise." Sustainability 12, no. 11: 4379.
This paper discusses dynamics and differences of business models in the car-sharing industry and focuses on open innovation as the trigger of diverse business models among Uber in the U.S., DiDi Chuxing in China, and KakaoT in Korea. We seek to answer the following two questions: What creates the differences in the business models of the car-sharing industry? Do the differences in open innovation motivate the diversity of business models among Uber, DiDi Chuxing, and KakaoT? We incorporated participatory observation, interviews, and semi-structured questionnaire methods in our study. We used two-step participatory observation and interview methods, hence carrying out observation and interviews two times by different researchers with Uber drivers in the U.S., DiDi-Chuxing drivers in Beijing, and KakaoT taxi drivers in Korea to confirm the interview and participatory observation results. First, business models of the car-sharing firms Uber, DiDi-Chuxing, and KakaoT are not fixed but rather are dynamically changing. Second, business models of car-sharing firms are the result of interaction with government regulations, the taxi industry, public transportation, and the automotive car industry. Third, open innovation strategies of car-sharing firms determine the contents and dynamics of car-sharing business models, such as the revenue business model, responsibility business model, and system business model upon interaction with four agencies.
JinHyo Joseph Yun; Xiaofei Zhao; Jinxi Wu; John C. Yi; KyungBae Park; Wooyoung Jung. Business Model, Open Innovation, and Sustainability in Car Sharing Industry—Comparing Three Economies. Sustainability 2020, 12, 1883 .
AMA StyleJinHyo Joseph Yun, Xiaofei Zhao, Jinxi Wu, John C. Yi, KyungBae Park, Wooyoung Jung. Business Model, Open Innovation, and Sustainability in Car Sharing Industry—Comparing Three Economies. Sustainability. 2020; 12 (5):1883.
Chicago/Turabian StyleJinHyo Joseph Yun; Xiaofei Zhao; Jinxi Wu; John C. Yi; KyungBae Park; Wooyoung Jung. 2020. "Business Model, Open Innovation, and Sustainability in Car Sharing Industry—Comparing Three Economies." Sustainability 12, no. 5: 1883.
With the advent of the Fourth Industrial Revolution, the role of entrepreneurs has become more crucial than ever. As a result, an open innovation model is suggested here that can promote serial entrepreneurs by answering the following question: “How does the serial entrepreneur in open innovation conditions continuously identify business opportunities?” This question is answered through an in-depth case study of Medison from 1985 to 2016, as Medison is not only a representative Korean medical device company, but is also a representative example of serial entrepreneurship in Korea. First, we examined the diverse open innovation channels, such as spin-offs, venture investment, and joint venture, used by Medison before it was merged with Samsung. Second, we examined the open innovation serial entrepreneurs of Medison and then analyzed the direct serial entrepreneurs of Medison. Fourth, we built a causal loop model of Medison open innovation with emergence and complexity combined. Finally, a sustainable open innovation strategy and an approach to sustainable serial entrepreneurship was formulated. The foundation of this research is as follows. First, an open innovation strategy can be a strong motivator for serial entrepreneurs. Second, a balance between emergence and complexity is required to trigger sustainable serial entrepreneurs of open innovation.
JinHyo Joseph Yun; Minhwa Lee; KyungBae Park; Xiaofei Zhao. Open Innovation and Serial Entrepreneurs. Sustainability 2019, 11, 5055 .
AMA StyleJinHyo Joseph Yun, Minhwa Lee, KyungBae Park, Xiaofei Zhao. Open Innovation and Serial Entrepreneurs. Sustainability. 2019; 11 (18):5055.
Chicago/Turabian StyleJinHyo Joseph Yun; Minhwa Lee; KyungBae Park; Xiaofei Zhao. 2019. "Open Innovation and Serial Entrepreneurs." Sustainability 11, no. 18: 5055.
Currently, the world economy is approaching a near-zero growth rate. Governments should move from a market-failure-oriented to a system-failure-oriented approach to understanding this problem, and transform to an entrepreneurial state to motivate the Schumpeterian dynamics of open innovation. We want to answer the following research question in this study: “How can a government enact policies to conquer the growth limits imposed on the economy by inequality or the control of big businesses?” First, we conducted a literature review to establish the concept of building a causal loop model of basic income with open innovation dynamics. Second, we built a causal loop model which includes basic income and all factors of open innovation dynamics. Third, we proved our causal loop model through a meta-analysis of global cases of basic income. Our research indicates that reflective basic income with permissionless open innovation, capital fluidity, a sharing economy, and a platform tax can motivate open innovation dynamics and arrive at a method by which an entrepreneurial state can conquer the growth limits of capitalism.
JinHyo Joseph Yun; KyungBae Park; Sung Duck Hahm; Dongwook Kim. Basic Income with High Open Innovation Dynamics: The Way to the Entrepreneurial State. Journal of Open Innovation: Technology, Market, and Complexity 2019, 5, 41 .
AMA StyleJinHyo Joseph Yun, KyungBae Park, Sung Duck Hahm, Dongwook Kim. Basic Income with High Open Innovation Dynamics: The Way to the Entrepreneurial State. Journal of Open Innovation: Technology, Market, and Complexity. 2019; 5 (3):41.
Chicago/Turabian StyleJinHyo Joseph Yun; KyungBae Park; Sung Duck Hahm; Dongwook Kim. 2019. "Basic Income with High Open Innovation Dynamics: The Way to the Entrepreneurial State." Journal of Open Innovation: Technology, Market, and Complexity 5, no. 3: 41.
This paper investigates the role of business models: What differences exist between the roles of an already-existing market-based converted industry and a newly appearing market-based emerging industry? This study analyzed the status of the technologies and business models in the autonomous car and intelligent robot industries, as well as their recent two-year growth, using technology and business model patents. In addition, it investigated the current situation of the technologies, business models, and markets of the two industries based on literature reviews. This study then simulated the market growth of the autonomous car and intelligent robot industries using system dynamics. The simulations were established and verified by analyzing the references and citations of the technology patents and business model patents of the two industries. This study reached three conclusions. First, in the case of a converted industry such as autonomous cars, a strategy focused on a business model is useful in the early stage, whereas one focused on technology is efficient in the mature stage. Second, in the case of an emerging industry such as intelligent robots, a strategy focused on technology is somewhat more useful in the early stage than one focused on a business model; conversely, a strategy focused on technology is slightly more useful in the mature stage. Third, a business model is also important to supplement technology such as intelligent robots at a mature stage in Canada or autonomous cars at a mature stage in Japan.
JinHyo Joseph Yun; Dongkyu Won; KyungBae Park; Euiseob Jeong; Xiaofei Zhao. The role of a business model in market growth: The difference between the converted industry and the emerging industry. Technological Forecasting and Social Change 2019, 146, 534 -562.
AMA StyleJinHyo Joseph Yun, Dongkyu Won, KyungBae Park, Euiseob Jeong, Xiaofei Zhao. The role of a business model in market growth: The difference between the converted industry and the emerging industry. Technological Forecasting and Social Change. 2019; 146 ():534-562.
Chicago/Turabian StyleJinHyo Joseph Yun; Dongkyu Won; KyungBae Park; Euiseob Jeong; Xiaofei Zhao. 2019. "The role of a business model in market growth: The difference between the converted industry and the emerging industry." Technological Forecasting and Social Change 146, no. : 534-562.
In the era of the fourth industrial revolution, the international community is striving to establish a coordinated system to prevent fatal climate change in a global sense. As a result of such changes in business environments, a new issue, sustainability, has recently presented a paradigm shift and new research opportunity in which the theories and practices in traditional production and operations management are being reinterpreted and reapplied in relation to this emerging issue. Under this research background, we consider an optimal emission-trading problem under a cap-and-trade (CAT) emission regulation when the customers’ demand is given as an arbitrary probability distribution. Such a CAT approach to reduce the amount of emissions is a normative system for the sustainable production of manufacturing firms, which is also closely related to a well-known open innovation in literature of inventory management. Then, we formulate two stochastic inventory optimization models, which can be applied immediately for two famous CAT policies that exist in reality. In particular, our objective is to draw theoretical and practical implications for baseline credit emission regulations, which are innovative and government-led emission regulation policies, with a well-known newsvendor analysis. For our analytical results, we first show that our objective functions are piecewise linear and (quasi)-concave. Thus, it is found that there exists a unique optimal solution to the problem. Second, we successfully obtain the closed-form optimal solutions for the two models considered. Finally, we conduct a sensitivity analysis through a comparative static analysis to examine how the model parameters can affect the optimal solution in each model. All these analytical results and implications are consistent with previous studies in the literature, as well as with our insights for the models.
Sungyong Choi; KyungBae Park; And Sang-Oh Shim. The Optimal Emission Decisions of Sustainable Production with Innovative Baseline Credit Regulations. Sustainability 2019, 11, 1635 .
AMA StyleSungyong Choi, KyungBae Park, And Sang-Oh Shim. The Optimal Emission Decisions of Sustainable Production with Innovative Baseline Credit Regulations. Sustainability. 2019; 11 (6):1635.
Chicago/Turabian StyleSungyong Choi; KyungBae Park; And Sang-Oh Shim. 2019. "The Optimal Emission Decisions of Sustainable Production with Innovative Baseline Credit Regulations." Sustainability 11, no. 6: 1635.
This study addresses the following matters: What is the structure and mechanism of modern capital economic dynamics that motivates the growth limits of capitalism? The modern economy can be modeled as Entrepreneurial Cyclical Dynamics of Open Innovation with three sub-economies such as market open innovation by SMEs and start-ups, closed open innovation by big business, and social open innovation. When there is low balance among the three sub-economies, which is to say, if any of the sub-economies is too big, or too small, the economy dynamics decreases, and the economic growth rate slows down to nearly zero or even negative according to the model simulation. South Korea, with a low internal reserve policy, is in this situation. When there is medium balance among three sub-economies, which is to say, any of the sub-economies is big enough to lead the total economy but is not sufficiently big to control totally the other two economies, the economy dynamics increases and the economic growth rate will be maintained at a high level according to the model simulation. India, with its grassroots innovation festival, demonstrates this situation. When there is a high balance among the three sub-economies, which is to say, the three sub-economies are well balanced and there is no change in the economic system, the economy dynamics become too low and the economic growth rate stays at a low level according to the model simulation. Japan’s Hitachi is moving from this situation to a medium balance.
JinHyo Joseph Yun; Dongkyu Won; KyungBae Park. Entrepreneurial cyclical dynamics of open innovation. Journal of Evolutionary Economics 2018, 28, 1151 -1174.
AMA StyleJinHyo Joseph Yun, Dongkyu Won, KyungBae Park. Entrepreneurial cyclical dynamics of open innovation. Journal of Evolutionary Economics. 2018; 28 (5):1151-1174.
Chicago/Turabian StyleJinHyo Joseph Yun; Dongkyu Won; KyungBae Park. 2018. "Entrepreneurial cyclical dynamics of open innovation." Journal of Evolutionary Economics 28, no. 5: 1151-1174.
Kiho Kwak; Wonjoon Kim; KyungBae Park. Complementary multiplatforms in the growing innovation ecosystem: Evidence from 3D printing technology. Technological Forecasting and Social Change 2018, 136, 192 -207.
AMA StyleKiho Kwak, Wonjoon Kim, KyungBae Park. Complementary multiplatforms in the growing innovation ecosystem: Evidence from 3D printing technology. Technological Forecasting and Social Change. 2018; 136 ():192-207.
Chicago/Turabian StyleKiho Kwak; Wonjoon Kim; KyungBae Park. 2018. "Complementary multiplatforms in the growing innovation ecosystem: Evidence from 3D printing technology." Technological Forecasting and Social Change 136, no. : 192-207.
This research addresses a specific issue in the field of operation scheduling. Even though there are lots of researches on the field of planning and scheduling, a specific scheduling problem is introduced here. We focus on the operation scheduling requirements that the Fourth Industrial Revolution has brought currently. From the point of view of open innovation, operation scheduling is known as the one that is using the Internet of Things, Cloud Computing, Big Data, and Mobile technology. To build proper operation systems under the Fourth Industrial Revolution, it is very essential to devise effective and efficient scheduling methodology to improve product quality, customer delivery, manufacturing flexibility, cost saving, and market competence. A scheduling problem on designated parallel equipments, where some equipments are grouped according to the recipe of lots, is considered. This implies that a lot associated with a specific recipe is preferred to be processed on an equipment among predetermined (designated) ones regardless of parallel ones. A setup operation occurs between different recipes of lots. In order to minimize completion time of the last lot, a scheduling algorithm is proposed. We conducted a simulation study with randomly generated problems, and the proposed algorithm has shown desirable and better performance that can be applied in real-time scheduling.
Sang-Oh Shim; KyungBae Park; Sungyong Choi. Sustainable Production Scheduling in Open Innovation Perspective under the Fourth Industrial Revolution. Journal of Open Innovation: Technology, Market, and Complexity 2018, 4, 42 .
AMA StyleSang-Oh Shim, KyungBae Park, Sungyong Choi. Sustainable Production Scheduling in Open Innovation Perspective under the Fourth Industrial Revolution. Journal of Open Innovation: Technology, Market, and Complexity. 2018; 4 (4):42.
Chicago/Turabian StyleSang-Oh Shim; KyungBae Park; Sungyong Choi. 2018. "Sustainable Production Scheduling in Open Innovation Perspective under the Fourth Industrial Revolution." Journal of Open Innovation: Technology, Market, and Complexity 4, no. 4: 42.
Since Klaus Schwab and the World Economic Forum declared the arrival of the Fourth Industrial Revolution, there has been much discussion about it. However, there is no commonly agreed-upon definition of the Fourth Industrial Revolution. Therefore, we attempted to answer the following four research questions. “What is the definition of the Fourth Industrial Revolution?”, “How can we respond to the Fourth Industrial Revolution in terms of institutions?”, “How can we respond to the Fourth Industrial Revolution in terms of technology?”, “How can we respond to the Fourth Industrial Revolution in terms of firm innovation and start-up strategy?” Brainstorming was conducted by 11 scholars from several countries to answer these four research questions. Therefore, this research is not the end product of four research questions, but a kind of advanced template to answer the four research questions for continuing research.
Minhwa Lee; JinHyo Joseph Yun; Andreas Pyka; Dongkyu Won; Fumio Kodama; Giovanni Schiuma; Hangsik Park; Jeonghwan Jeon; KyungBae Park; Kwangho Jung; Min-Ren Yan; SamYoul Lee; Xiaofei Zhao. How to Respond to the Fourth Industrial Revolution, or the Second Information Technology Revolution? Dynamic New Combinations between Technology, Market, and Society through Open Innovation. Journal of Open Innovation: Technology, Market, and Complexity 2018, 4, 21 .
AMA StyleMinhwa Lee, JinHyo Joseph Yun, Andreas Pyka, Dongkyu Won, Fumio Kodama, Giovanni Schiuma, Hangsik Park, Jeonghwan Jeon, KyungBae Park, Kwangho Jung, Min-Ren Yan, SamYoul Lee, Xiaofei Zhao. How to Respond to the Fourth Industrial Revolution, or the Second Information Technology Revolution? Dynamic New Combinations between Technology, Market, and Society through Open Innovation. Journal of Open Innovation: Technology, Market, and Complexity. 2018; 4 (3):21.
Chicago/Turabian StyleMinhwa Lee; JinHyo Joseph Yun; Andreas Pyka; Dongkyu Won; Fumio Kodama; Giovanni Schiuma; Hangsik Park; Jeonghwan Jeon; KyungBae Park; Kwangho Jung; Min-Ren Yan; SamYoul Lee; Xiaofei Zhao. 2018. "How to Respond to the Fourth Industrial Revolution, or the Second Information Technology Revolution? Dynamic New Combinations between Technology, Market, and Society through Open Innovation." Journal of Open Innovation: Technology, Market, and Complexity 4, no. 3: 21.
The Samsung Galaxy Note 7 has been withdrawn from the market after a number of the devices exploded after its launch in 2016. Our research seeks to answer three questions and proceeds as follows. Did the closed innovation of Samsung trigger the Galaxy Note 7 withdrawal? If so What are the costs and benefits of Samsung’s closed innovation? From among the qualitative inquiry methods, this study used case study research. From this research, we isolated three important implications. The first is the benefit and cost of Samsung Electronics’ closed innovation strategy. The second is the internal impact of the Galaxy Note 7 explosions on Samsung Electronics. The third is that success in open innovation strategies requires a great investment to produce strong effects.
JinHyo Joseph Yun; Jeonghwan Jeon; KyungBae Park; Xiaofei Zhao. Benefits and Costs of Closed Innovation Strategy: Analysis of Samsung’s Galaxy Note 7 Explosion and Withdrawal Scandal. Journal of Open Innovation: Technology, Market, and Complexity 2018, 4, 20 .
AMA StyleJinHyo Joseph Yun, Jeonghwan Jeon, KyungBae Park, Xiaofei Zhao. Benefits and Costs of Closed Innovation Strategy: Analysis of Samsung’s Galaxy Note 7 Explosion and Withdrawal Scandal. Journal of Open Innovation: Technology, Market, and Complexity. 2018; 4 (3):20.
Chicago/Turabian StyleJinHyo Joseph Yun; Jeonghwan Jeon; KyungBae Park; Xiaofei Zhao. 2018. "Benefits and Costs of Closed Innovation Strategy: Analysis of Samsung’s Galaxy Note 7 Explosion and Withdrawal Scandal." Journal of Open Innovation: Technology, Market, and Complexity 4, no. 3: 20.
In the era of Industry 4.0, firms are facing with greater uncertainty. Accordingly, it is important to select quality risk measures to analyze newsvendor problems under risk. Then, open innovation can be a good remedial option for such risk-averse newsvendors because open innovation can offset the profit losses from risk aversion by sharing revenues in supply chains. To find such risk measures in newsvendor problems, we review various risk measures of risk-averse inventory models and existing articles in inventory management literature. Then we provide a logical reasoning and axiomatic framework to evaluate validity of each risk measure in newsvendor problems - consistency to the four axioms in coherent risk measures. In this framework, the underlying assumptions and managerial insights to the newsvendor problems are examined for each risk measure. Consequently, exponential utility function and coherent measures of risk are selected as two plausible risk measures to analyze multi-product risk-averse newsvendor models.
Sungyong Choi; KyungBae Park; Sang-Oh Shim. Comparing validity of risk measures on newsvendor models in open innovation perspective. Journal of Open Innovation: Technology, Market, and Complexity 2018, 4, 1 -12.
AMA StyleSungyong Choi, KyungBae Park, Sang-Oh Shim. Comparing validity of risk measures on newsvendor models in open innovation perspective. Journal of Open Innovation: Technology, Market, and Complexity. 2018; 4 (1):1-12.
Chicago/Turabian StyleSungyong Choi; KyungBae Park; Sang-Oh Shim. 2018. "Comparing validity of risk measures on newsvendor models in open innovation perspective." Journal of Open Innovation: Technology, Market, and Complexity 4, no. 1: 1-12.
Scheduling problems for the sustainability of manufacturing firms in the era of the fourth industrial revolution is addressed in this research. In terms of open innovation, innovative production scheduling can be defined as scheduling using big data, cyber-physical systems, internet of things, cloud computing, mobile network, and so on. In this environment, one of the most important things is to develop an innovative scheduling algorithm for the sustainability of manufacturing firms. In this research, a flexible flowshop scheduling problem is considered with the properties of sequence-dependent setup and different process plans for jobs. In a flexible flowshop, there are serial workstations with multiple pieces of equipment that are able to process multiple lots simultaneously. Since the scheduling in this workshop is known to be extremely difficult, it is important to devise an efficient and effective scheduling algorithm. In this research, a heuristic algorithm is proposed based on a few dispatching rules and economic lot size model with the objective of minimizing total tardiness of orders. For the purposes of performance evaluation, a simulation study is conducted on randomly generated problem instances. The results imply that our proposed method outperforms the existing ones, and greatly enhances the sustainability of manufacturing firms.
Sang-Oh Shim; KyungBae Park; Sungyong Choi. Innovative Production Scheduling with Customer Satisfaction Based Measurement for the Sustainability of Manufacturing Firms. Sustainability 2017, 9, 2249 .
AMA StyleSang-Oh Shim, KyungBae Park, Sungyong Choi. Innovative Production Scheduling with Customer Satisfaction Based Measurement for the Sustainability of Manufacturing Firms. Sustainability. 2017; 9 (12):2249.
Chicago/Turabian StyleSang-Oh Shim; KyungBae Park; Sungyong Choi. 2017. "Innovative Production Scheduling with Customer Satisfaction Based Measurement for the Sustainability of Manufacturing Firms." Sustainability 9, no. 12: 2249.
This article looks into dynamics of open social enterprises. We used several research methods—literature review, content analysis and case studies through intensive interviews via semi-structured questionnaire. First, we developed a research framework, expressed as the social open innovation dynamics model through literature reviews on social economy, sharing economy, collaborative innovation, open innovation and social enterprise. Second, we applied the model to ten Korean social enterprises and determined the success factors of social open innovation, as well as the concrete dynamics behind it. Main finding of this research are as follows. The success of social enterprises depends on the extent to which they strive to move towards open innovation. Adopting open innovation strategies seem to be a fruitful pathway for social enterprises to progress and grow in their operations.
JinHyo Joseph Yun; KyungBae Park; Choongjae Im; Changhwan Shin; Xiaofei Zhao. Dynamics of Social Enterprises—Shift from Social Innovation to Open Innovation. Science, Technology and Society 2017, 22, 425 -439.
AMA StyleJinHyo Joseph Yun, KyungBae Park, Choongjae Im, Changhwan Shin, Xiaofei Zhao. Dynamics of Social Enterprises—Shift from Social Innovation to Open Innovation. Science, Technology and Society. 2017; 22 (3):425-439.
Chicago/Turabian StyleJinHyo Joseph Yun; KyungBae Park; Choongjae Im; Changhwan Shin; Xiaofei Zhao. 2017. "Dynamics of Social Enterprises—Shift from Social Innovation to Open Innovation." Science, Technology and Society 22, no. 3: 425-439.
The purpose of this study is to address the following research question: What is the relationship between open innovation and firm performance? The study built up a research framework with three factors—i.e., open innovation strategy, time scope, and industry condition—to find out the concrete open innovation effects on firm performance. This study adopted four different research methods. Firstly, we applied the aforementioned factors to a game of life simulation in order to identify the concrete differences of open innovation effects on firm performance. Secondly, the study examined the real dynamics of open innovation effects on firm performance in the aircraft industry—one of the oldest modern industries—through a quantitative patent analysis. It then looked into the effects of major factors that impact open innovation effects. Thirdly, this study developed a mathematical model and tried to open the black box of open innovation effects on firm performance. Lastly, the study logically compiled research on open innovation effects on firm performance through the presentation of a causal loop model and derived the possible implications.
JinHyo Joseph Yun; Dongkyu Won; Euiseob Jeong; KyungBae Park; DooSeok Lee; Tan Yigitcanlar. Dismantling of the Inverted U-Curve of Open Innovation. Sustainability 2017, 9, 1423 .
AMA StyleJinHyo Joseph Yun, Dongkyu Won, Euiseob Jeong, KyungBae Park, DooSeok Lee, Tan Yigitcanlar. Dismantling of the Inverted U-Curve of Open Innovation. Sustainability. 2017; 9 (8):1423.
Chicago/Turabian StyleJinHyo Joseph Yun; Dongkyu Won; Euiseob Jeong; KyungBae Park; DooSeok Lee; Tan Yigitcanlar. 2017. "Dismantling of the Inverted U-Curve of Open Innovation." Sustainability 9, no. 8: 1423.
“Fred Phillips was not a co-author of the editorial: An open letter to Mr. Secretary general of the united nations to propose setting up global standards for conquering growth limits of capitalism [1].” Fred Phillips has now been removed from the author list of this erratum. An open letter to Mr. Secretary general of the united nations to propose setting up global standards for conquering growth limits of capitalism. Journal of Open Innovation: Technology, Market, and Complexity 2016 2:22. DOI 10.1186/s40852-016-0049-5 Download references Correspondence to JinHyo Joseph Yun. The online version of the original article can be found under doi:10.1186/s40852-016-0049-5. Open Access This article is distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license, and indicate if changes were made. Reprints and Permissions Yun, J.J., Cooke, P., Kodama, F. et al. Erratum to: An open letter to Mr. Secretary general of the united nations to propose setting up global standards for conquering growth limits of capitalism. J. open innov. 3, 7 (2017). https://doi.org/10.1186/s40852-017-0057-0 Download citation Received: 15 March 2017 Accepted: 21 March 2017 Published: 04 April 2017 DOI: https://doi.org/10.1186/s40852-017-0057-0
JinHyo Joseph Yun; Philip Cooke; Fumio Kodama; Anil K. Gupta; Francisco Javier Carrillo Gamboa; Venni Krishna; Keun Lee; KongRae Lee; Ulrich Witt; Natalja Lace; Sangok Choi; Kwangho Jung; Woosung Jung; KyungBae Park; Sam Youl Lee; Jiyoung Park; Jaehoon Rhee; Dongkyu Won; Taeho Park; Jeongho Yang; Euiseob Jeong; Jinwon Kang. Erratum to: An open letter to Mr. Secretary general of the united nations to propose setting up global standards for conquering growth limits of capitalism. Journal of Open Innovation: Technology, Market, and Complexity 2017, 3, 7 -1.
AMA StyleJinHyo Joseph Yun, Philip Cooke, Fumio Kodama, Anil K. Gupta, Francisco Javier Carrillo Gamboa, Venni Krishna, Keun Lee, KongRae Lee, Ulrich Witt, Natalja Lace, Sangok Choi, Kwangho Jung, Woosung Jung, KyungBae Park, Sam Youl Lee, Jiyoung Park, Jaehoon Rhee, Dongkyu Won, Taeho Park, Jeongho Yang, Euiseob Jeong, Jinwon Kang. Erratum to: An open letter to Mr. Secretary general of the united nations to propose setting up global standards for conquering growth limits of capitalism. Journal of Open Innovation: Technology, Market, and Complexity. 2017; 3 (1):7-1.
Chicago/Turabian StyleJinHyo Joseph Yun; Philip Cooke; Fumio Kodama; Anil K. Gupta; Francisco Javier Carrillo Gamboa; Venni Krishna; Keun Lee; KongRae Lee; Ulrich Witt; Natalja Lace; Sangok Choi; Kwangho Jung; Woosung Jung; KyungBae Park; Sam Youl Lee; Jiyoung Park; Jaehoon Rhee; Dongkyu Won; Taeho Park; Jeongho Yang; Euiseob Jeong; Jinwon Kang. 2017. "Erratum to: An open letter to Mr. Secretary general of the united nations to propose setting up global standards for conquering growth limits of capitalism." Journal of Open Innovation: Technology, Market, and Complexity 3, no. 1: 7-1.
This paper analyses the dynamics of platform business models as an entrepreneurial ecosystem and its effects on regional development. Here, we seek to answer the following research questions: (1) What effects do platform business models have on regional development? (2) What factors and structures affect the dynamics of platform business models? (3) How can we describe the dynamics of platform business models in app stores and hotel-booking industries? To answer these questions, the authors first analysed two platform entrepreneurial ecosystems in the smartphone app store industry (Google Play’s Android market and Apple’s App Store) and two ecosystems in the hotel-booking industry (Hotels.com and Booking.com). Second, we analysed the effects of platforms as entrepreneurial ecosystems on the regional development of Daegu Metropolitan City. We used in-depth interview methods with a semi-structured questionnaire, system dynamics (SD) simulation, a literature review, and a statistical analysis as research methods. The results of these analyses yielded the following findings. First, platform business models as economic ecosystems motivate a change of regional development from focused areas to multiple areas, from a hierarchical structure of firms to a network of diverse firms, and from scope and scale economy-based firms leading regional development to creative economy-based firms leading regional development. Second, we identified three category factors that were important in a platform ecosystem, and built up and simulated causal and SD models of these factors. Third, we found that the dynamics of platform ecosystems differ from platform to platform because the openness of platforms produces different effects on firms according to the industry to which they belong.
JinHyo Joseph Yun; Dongkyu Won; KyungBae Park; Jeongho Yang; Xiaofei Zhao. Growth of a platform business model as an entrepreneurial ecosystem and its effects on regional development. European Planning Studies 2017, 25, 805 -826.
AMA StyleJinHyo Joseph Yun, Dongkyu Won, KyungBae Park, Jeongho Yang, Xiaofei Zhao. Growth of a platform business model as an entrepreneurial ecosystem and its effects on regional development. European Planning Studies. 2017; 25 (5):805-826.
Chicago/Turabian StyleJinHyo Joseph Yun; Dongkyu Won; KyungBae Park; Jeongho Yang; Xiaofei Zhao. 2017. "Growth of a platform business model as an entrepreneurial ecosystem and its effects on regional development." European Planning Studies 25, no. 5: 805-826.
We propose an international economic agenda to overcome the growth limits of capitalism that can be supported by the United Nations. Sustainable Environment based global goals should be added to sustainable economy. For this, we propose dynamic balance between three sub-economies such as open innovation, closed innovation, and social innovation sub-economy. For this, we propose to set up a UN community and a long range plan.
JinHyo Joseph Yun; Philip Cooke; Fumio Kodama; Fred Phillips; Anil K. Gupta; Francisco Javier Carrillo Gamboa; Venni Krishna; Keun Lee; KongRae Lee; Ulrich Witt; Natalja Lace; Sangok Choi; Kwangho Jung; Woosung Jung; KyungBae Park; Sam Youl Lee; Jiyoung Park; Jaehoon Rhee; Dongkyu Won; Taeho Park; Jeongho Yang; Euiseob Jeong; Jinwon Kang. An open letter to Mr. Secretary general of the united nations to propose setting up global standards for conquering growth limits of capitalism. Journal of Open Innovation: Technology, Market, and Complexity 2016, 2, 22 -4.
AMA StyleJinHyo Joseph Yun, Philip Cooke, Fumio Kodama, Fred Phillips, Anil K. Gupta, Francisco Javier Carrillo Gamboa, Venni Krishna, Keun Lee, KongRae Lee, Ulrich Witt, Natalja Lace, Sangok Choi, Kwangho Jung, Woosung Jung, KyungBae Park, Sam Youl Lee, Jiyoung Park, Jaehoon Rhee, Dongkyu Won, Taeho Park, Jeongho Yang, Euiseob Jeong, Jinwon Kang. An open letter to Mr. Secretary general of the united nations to propose setting up global standards for conquering growth limits of capitalism. Journal of Open Innovation: Technology, Market, and Complexity. 2016; 2 (1):22-4.
Chicago/Turabian StyleJinHyo Joseph Yun; Philip Cooke; Fumio Kodama; Fred Phillips; Anil K. Gupta; Francisco Javier Carrillo Gamboa; Venni Krishna; Keun Lee; KongRae Lee; Ulrich Witt; Natalja Lace; Sangok Choi; Kwangho Jung; Woosung Jung; KyungBae Park; Sam Youl Lee; Jiyoung Park; Jaehoon Rhee; Dongkyu Won; Taeho Park; Jeongho Yang; Euiseob Jeong; Jinwon Kang. 2016. "An open letter to Mr. Secretary general of the united nations to propose setting up global standards for conquering growth limits of capitalism." Journal of Open Innovation: Technology, Market, and Complexity 2, no. 1: 22-4.
While open innovation has become a popular strategy to enhance innovation in firms, open innovation in the context of entrepreneurship is not yet well understood. Particularly in small- and medium-sized enterprises (SMEs), the necessity of understanding the role of entrepreneurship combined with open innovation is much greater. This research focuses on the role of entrepreneurship in the open innovation process and its impact on innovation performance. Our primary research question is: What are the impacts of open innovation, entrepreneurship and their synergy effects onto innovation performance, especially onto Korean Information Technology (IT) SMEs? To answer this question, a survey was conducted about open innovation, entrepreneurship orientation, business models and sales, and innovation performance for approximately 400 Korean SMEs in the IT sector. The regression results and findings from the analysis are presented and discussed.
JinHyo Joseph Yun; KyungBae Park; Jang Hyun Kim; Jeongho Yang. Open Innovation Effort, Entrepreneurship Orientation and their Synergies onto Innovation Performance in SMEs of Korea. Science, Technology and Society 2016, 21, 366 -390.
AMA StyleJinHyo Joseph Yun, KyungBae Park, Jang Hyun Kim, Jeongho Yang. Open Innovation Effort, Entrepreneurship Orientation and their Synergies onto Innovation Performance in SMEs of Korea. Science, Technology and Society. 2016; 21 (3):366-390.
Chicago/Turabian StyleJinHyo Joseph Yun; KyungBae Park; Jang Hyun Kim; Jeongho Yang. 2016. "Open Innovation Effort, Entrepreneurship Orientation and their Synergies onto Innovation Performance in SMEs of Korea." Science, Technology and Society 21, no. 3: 366-390.
User innovation is a new economic paradigm that has the ability to create a new engine for social and economic development. Furthermore, many users are not limited to their role as a user but evolve into business starters, thus becoming user entrepreneurs. This study aimed to reveal the important factors of successful user entrepreneurship by closely investigating two successful Korean user entrepreneurship cases. Based on this study’s findings, the importance of an entrepreneur’s caliber and networking ability was found. An entrepreneur’s innovation ability from expert knowledge and great familiarity and experience with the business as a user coupled with a strong will to entrepreneurship was the most important success factor at the early stage. In further developing user innovation technologically and commercially, the most important factor was an entrepreneur’s networking ability that can give access to complementary assets for successful development and commercialisation. With this, the innovation community—composed of related users and producers—has played a crucial role in the successful entrepreneurial process.
JinHyo Joseph Yun; KyungBae Park. How User Entrepreneurs Succeed: The Role of Entrepreneur’s Caliber and Networking Ability in Korean User Entrepreneurship. Science, Technology and Society 2016, 21, 391 -409.
AMA StyleJinHyo Joseph Yun, KyungBae Park. How User Entrepreneurs Succeed: The Role of Entrepreneur’s Caliber and Networking Ability in Korean User Entrepreneurship. Science, Technology and Society. 2016; 21 (3):391-409.
Chicago/Turabian StyleJinHyo Joseph Yun; KyungBae Park. 2016. "How User Entrepreneurs Succeed: The Role of Entrepreneur’s Caliber and Networking Ability in Korean User Entrepreneurship." Science, Technology and Society 21, no. 3: 391-409.