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We aim to develop an innovative way to alter existing business models to conquer the growth limits of exponential paradox by applying the open innovation concept to the design of creative business models. Our research question is as follows: How can we innovate existing business models more easily based on our own thinking experiment at the role-place of ourselves in the open innovation knowledge funnel? We built a rectangular compass concept model and carried out social experiments with it for 3.6 years from November 2014 to May 2019 by developing 17 business model patents to validate the model. The rectangular compass concept model has four aspects: over-shooting of modern business models, expanding the bottom of modern business models, cultivating the forward neighborhood of modern business models, and cultivating the backward neighborhood of modern business model. According to our study, open innovation, which is based on a new combination between technologies (protected technology, protectable technology, and social technology) and market (now market, potential market, and social market), is the engine of sustainable business model innovation dynamics.
Jinhyo Yun; Xiaofei Zhao. Business Model Innovation through a Rectangular Compass: From the Perspective of Open Innovation with Mechanism Design. Journal of Open Innovation: Technology, Market, and Complexity 2020, 6, 131 .
AMA StyleJinhyo Yun, Xiaofei Zhao. Business Model Innovation through a Rectangular Compass: From the Perspective of Open Innovation with Mechanism Design. Journal of Open Innovation: Technology, Market, and Complexity. 2020; 6 (4):131.
Chicago/Turabian StyleJinhyo Yun; Xiaofei Zhao. 2020. "Business Model Innovation through a Rectangular Compass: From the Perspective of Open Innovation with Mechanism Design." Journal of Open Innovation: Technology, Market, and Complexity 6, no. 4: 131.
Culture, in its various forms, has always been a critical driver of innovation. This paper focuses on generating some insights into the role of “culture for open innovation dynamics”. First, because the requirement to understand culture, which can control open innovation complexity, has been augmented, we want to answer the following research question in this study: How can we define or organize “culture for open innovation dynamics”, which can motivate open innovation dynamics, and control open innovation complexity? Second, we propose a concept model of culture for open innovation dynamics by reviewing the literature on the culture of firms in terms of their traits, organization, static innovation, and dynamic aspects regarding their innovation in entrepreneurship, and we validate said model through an indirect social experiment using the research results of 23 Special Issue papers. Third, the concept model of culture for open innovation dynamics is explained as the interaction between three different entrepreneurship dimensions: Entrepreneurship of novice entrepreneurs, intrapreneurship of employees of an existing firm, and organizational entrepreneurship by the firm itself. According to the balance of three sub-entrepreneurship types, culture for open innovation dynamics can have different aspects, namely, entrepreneurship leading culture for open innovation dynamics, intrapreneurship leading culture for open innovation dynamics, or organizational entrepreneurship leading culture for open innovation dynamics. This paper helps organizations and entrepreneurs to better understand the role that culture plays in boosting open innovation dynamics.
JinHyo Joseph Yun; Xiaofei Zhao; Kwangho Jung; Tan Yigitcanlar. The Culture for Open Innovation Dynamics. Sustainability 2020, 12, 5076 .
AMA StyleJinHyo Joseph Yun, Xiaofei Zhao, Kwangho Jung, Tan Yigitcanlar. The Culture for Open Innovation Dynamics. Sustainability. 2020; 12 (12):5076.
Chicago/Turabian StyleJinHyo Joseph Yun; Xiaofei Zhao; Kwangho Jung; Tan Yigitcanlar. 2020. "The Culture for Open Innovation Dynamics." Sustainability 12, no. 12: 5076.
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.
As engineering is required to answer directly and more heartily than before the requirement of society and markets, we want to answer the following questions. What kind of open innovation channels exist, and how can these channels operate as a knowledge funnel to conquer the growth limit of capitalism in the 4th industrial revolution? At first, we built up the concept model of open innovation engineering from a conceptual experiment and attempted to prove this model by literature reviews. Second, we applied this open innovation concept model at the papers of Society of Open Innovation: Technology, Market, and Complexity (SOI) 2019 Special Issues of Electronics as a preliminary study. Additional field researches on each open innovation engineering channel in addition to research on finding out more open innovation engineering channels are required.
JinHyo Joseph Yun; Daecheol Kim; Min-Ren Yan. Open Innovation Engineering—Preliminary Study on New Entrance of Technology to Market. Electronics 2020, 9, 791 .
AMA StyleJinHyo Joseph Yun, Daecheol Kim, Min-Ren Yan. Open Innovation Engineering—Preliminary Study on New Entrance of Technology to Market. Electronics. 2020; 9 (5):791.
Chicago/Turabian StyleJinHyo Joseph Yun; Daecheol Kim; Min-Ren Yan. 2020. "Open Innovation Engineering—Preliminary Study on New Entrance of Technology to Market." Electronics 9, no. 5: 791.
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.
This paper investigates the role of open innovation in the success of restaurants. Our research questions are as follows. ‘Is open innovation a rational strategy for a small restaurant to attract and maintain customers? Which open innovation strategies should a small restaurant use?’ We constructed our research model of open innovation ecosystem of restaurants with ingredients open innovation, recipe open innovation and service open innovation to analyse open innovation in small restaurants, which is a worldwide phenomenon. We chose four successful restaurants from Naples, one restaurant from South Korea, and a North Korean restaurant as our case studies using participant observation, in-depth interviews and semi-structured questionnaires, with the results indicating the following. First, open innovation is essential for the success of small restaurants. Second, if any small restaurant adopts a closed innovation strategy with respect to any of food ingredients, recipes or service, it should choose an open innovation strategy or open innovation platform with regard to the others to maintain its competitive advantage compared to other restaurants in the neighbourhood. Third, an open innovation platform of any of food ingredients, recipes or service, can generate additional revenue by selling independent ingredients or services.
JinHyo Joseph Yun; KyungBae Park; Giovanna Del Gaudio; Valentina Della Corte. Open innovation ecosystems of restaurants: geographical economics of successful restaurants from three cities. European Planning Studies 2020, 28, 2348 -2367.
AMA StyleJinHyo Joseph Yun, KyungBae Park, Giovanna Del Gaudio, Valentina Della Corte. Open innovation ecosystems of restaurants: geographical economics of successful restaurants from three cities. European Planning Studies. 2020; 28 (12):2348-2367.
Chicago/Turabian StyleJinHyo Joseph Yun; KyungBae Park; Giovanna Del Gaudio; Valentina Della Corte. 2020. "Open innovation ecosystems of restaurants: geographical economics of successful restaurants from three cities." European Planning Studies 28, no. 12: 2348-2367.
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.
Responding to the lack of empirical research on the effect of collective intelligence on open innovation in the fourth industrial revolution, we examined the relationship between collective intelligence and open innovation. Collective intelligence or crowd innovation not only produces creative ideas or inventions, but also moderates any firm to innovate inside-out, outside-in, or in a coupled manner. We asked the following research questions: Does collective intelligence (or crowd innovation) motivate open innovation? Is there any difference in the effect of collective intelligence on open innovation by industry? These research questions led to the following three hypotheses: (1) Collective intelligence increases the performance of a firm, (2) collective intelligence will moderate the effect of open innovation, and (3) differences exist between the automotive industry and the pharmaceutical industry in these two effects. To empirically examine these three hypotheses, we analyzed the registered patents of these two industries from 2000 to 2014 over a 15-year period. These automotive and pharmaceutical patents were registered in the B60 category and the A61K category of the Korea Patent office, respectively. Collective intelligence was measured by co-invention. We found differences in the effects of collective intelligence on open innovation between the two industries. In the automotive industry, collective intelligence not only directly increased the performance, but also indirectly moderated the open innovation effect. However, this was not the case for the pharmaceutical industry.
JinHyo Joseph Yun; Euiseob Jeong; Xiaofei Zhao; Sung Deuk Hahm; Kyunghun Kim. Collective Intelligence: An Emerging World in Open Innovation. Sustainability 2019, 11, 4495 .
AMA StyleJinHyo Joseph Yun, Euiseob Jeong, Xiaofei Zhao, Sung Deuk Hahm, Kyunghun Kim. Collective Intelligence: An Emerging World in Open Innovation. Sustainability. 2019; 11 (16):4495.
Chicago/Turabian StyleJinHyo Joseph Yun; Euiseob Jeong; Xiaofei Zhao; Sung Deuk Hahm; Kyunghun Kim. 2019. "Collective Intelligence: An Emerging World in Open Innovation." Sustainability 11, no. 16: 4495.
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 explores how sustainability can be achieved through open innovation in the current 4th industrial revolution. Through a literature and practice review, we identify micro- and macro-dynamics of open innovation in addition to the dynamic roles of industry, government, university, and society. In particular, the industry continuously adopts open platforms to create and maintain ecosystem innovation. The government’s role has changed from regulation control toward facilitation. Universities have become proactively engaged in multiple areas, from technology transfer to knowledge co-creation. Societies and customers have started to form new concepts, R&D, and commercialization, resulting in a shared economy. Based on the analysis, we propose a conceptual framework to understand open innovation micro- and macro-dynamics with a quadruple-helix model for social, environmental, economic, cultural, policy, and knowledge sustainability. Furthermore, this provides an overview of the special issue, “Sustainability of Economy, Society, and Environment in the 4th Industrial Revolution”, which aims to respond to the 4th industrial revolution in terms of open innovation and cyber-physics from manufacturing to the service industry.
JinHyo Joseph Yun; Zheng Liu. Micro- and Macro-Dynamics of Open Innovation with a Quadruple-Helix Model. Sustainability 2019, 11, 3301 .
AMA StyleJinHyo Joseph Yun, Zheng Liu. Micro- and Macro-Dynamics of Open Innovation with a Quadruple-Helix Model. Sustainability. 2019; 11 (12):3301.
Chicago/Turabian StyleJinHyo Joseph Yun; Zheng Liu. 2019. "Micro- and Macro-Dynamics of Open Innovation with a Quadruple-Helix Model." Sustainability 11, no. 12: 3301.
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.
As people pay attentions to social innovation as the source of innovative ideas and the repository of new business models, this study poses the following research questions: How does a social open innovation succeed? What is the success factor of social open innovation? What are the successful dynamics of social open innovation? This article selected two case studies: one is the Burro Battery Company in Ghana and the other is grassroots innovation enterprise of India known as the Honey Bee Network and its collaborator, National Innovation Foundation (NIF), Ahmedabad. The first case is a social open innovation firm case while the second case is a social open innovation policy case. Through deep case study, we found out the ways of success of social open innovation strategy and social open innovation policy.
JinHyo Joseph Yun; Abiodun A. Egbetoku; Xiaofei Zhao. How Does a Social Open Innovation Succeed? Learning from Burro Battery and Grassroots Innovation Festival of India. Science, Technology and Society 2018, 24, 122 -143.
AMA StyleJinHyo Joseph Yun, Abiodun A. Egbetoku, Xiaofei Zhao. How Does a Social Open Innovation Succeed? Learning from Burro Battery and Grassroots Innovation Festival of India. Science, Technology and Society. 2018; 24 (1):122-143.
Chicago/Turabian StyleJinHyo Joseph Yun; Abiodun A. Egbetoku; Xiaofei Zhao. 2018. "How Does a Social Open Innovation Succeed? Learning from Burro Battery and Grassroots Innovation Festival of India." Science, Technology and Society 24, no. 1: 122-143.
In the age of knowledge-based economies, open innovation has increasing importance. This study aimed to explore the architectural design approaches that can revitalize innovation activities in the era of knowledge-based economies. This paper investigated global case research campuses, manufacturing systems, and innovation districts where architectural design supports innovation activities. This study developed a research framework of architectural design for innovation and applied it in the selected case studies to generate insights. First, the research campuses selected as case studies included Panopticon, DGIST Education and Research Campuses, and Apple Park. Second, the open innovation of manufacturing system architecture was analyzed through the case studies of the Ford Motor Company, Toyota Motor Corporation, and Rolls-Royce Motor Cars. Third, this paper studied the clustered open innovation architectures of Macquarie Park, One North, and Strijp-S Innovation Districts. The findings revealed how tacit knowledge motivates open innovation through the design of manufacturing systems, research campuses, and innovation districts through real examples and mathematical or concept model building.
JinHyo Joseph Yun; Xiaofei Zhao; Tan Yigitcanlar; DooSeok Lee; Heungju Ahn. Architectural Design and Open Innovation Symbiosis: Insights from Research Campuses, Manufacturing Systems, and Innovation Districts. Sustainability 2018, 10, 4495 .
AMA StyleJinHyo Joseph Yun, Xiaofei Zhao, Tan Yigitcanlar, DooSeok Lee, Heungju Ahn. Architectural Design and Open Innovation Symbiosis: Insights from Research Campuses, Manufacturing Systems, and Innovation Districts. Sustainability. 2018; 10 (12):4495.
Chicago/Turabian StyleJinHyo Joseph Yun; Xiaofei Zhao; Tan Yigitcanlar; DooSeok Lee; Heungju Ahn. 2018. "Architectural Design and Open Innovation Symbiosis: Insights from Research Campuses, Manufacturing Systems, and Innovation Districts." Sustainability 10, no. 12: 4495.
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.
Tan Yigitcanlar; Kamruzzaman; Laurie Buys; Giuseppe Ioppolo; Jamile Sabatini-Marques; Eduardo Moreira da Costa; JinHyo Joseph Yun. Understanding ‘smart cities’: Intertwining development drivers with desired outcomes in a multidimensional framework. Cities 2018, 81, 145 -160.
AMA StyleTan Yigitcanlar, Kamruzzaman, Laurie Buys, Giuseppe Ioppolo, Jamile Sabatini-Marques, Eduardo Moreira da Costa, JinHyo Joseph Yun. Understanding ‘smart cities’: Intertwining development drivers with desired outcomes in a multidimensional framework. Cities. 2018; 81 ():145-160.
Chicago/Turabian StyleTan Yigitcanlar; Kamruzzaman; Laurie Buys; Giuseppe Ioppolo; Jamile Sabatini-Marques; Eduardo Moreira da Costa; JinHyo Joseph Yun. 2018. "Understanding ‘smart cities’: Intertwining development drivers with desired outcomes in a multidimensional framework." Cities 81, no. : 145-160.
Janine Dermody; JinHyo Joseph Yun; Valentina Della Corte. Innovations to advance sustainability behaviours. The Service Industries Journal 2018, 39, 1029 -1033.
AMA StyleJanine Dermody, JinHyo Joseph Yun, Valentina Della Corte. Innovations to advance sustainability behaviours. The Service Industries Journal. 2018; 39 (15-16):1029-1033.
Chicago/Turabian StyleJanine Dermody; JinHyo Joseph Yun; Valentina Della Corte. 2018. "Innovations to advance sustainability behaviours." The Service Industries Journal 39, no. 15-16: 1029-1033.
With the advent of the Fourth Industrial Revolution, the Korean industrial environment has been rapidly changing. As a result, several industries are facing different innovation conditions, including: the automotive industry, which is a traditional manufacturing industry in Korea; the aerospace industry, which has been vertically integrated, and has been led by a single large company—Korea Aerospace Industries—since Korea went through an economic crisis in the 1990s; and the robotics industry, which is currently emerging. This study used parameters related to patents originating from the automobile, robotics, and aerospace fields. The patents subjected to analysis were those registered in Korea from 2001 to 2014, and included those that were applied for, jointly applied for, or registered by Korean companies. This study analyzed the differences caused by the effect of open innovation in the three industries. According to our results, first, the three industries experienced different effects of open innovation. Second, when large companies controlled a given industry, open innovation either worked a little or did not work at all. According to this research result, the Korean robotics industry, which has a weak dominance of large companies, experienced a strong effect of open innovation, in that joint patent applications led to economic gains from the patents and an increase in technology transfer and technology value. The aerospace industry of Korea, which has the highest dominance of large companies, experienced a slight effect of open innovation, as the effect of joint patent application only improved the technology value. Finally, the automotive industry of Korea had an intermediate level of open innovation, between the aerospace and robotics sectors.
JinHyo Joseph Yun; Euiseob Jeong; Youngkyu Lee; Kyunghun Kim. The Effect of Open Innovation on Technology Value and Technology Transfer: A Comparative Analysis of the Automotive, Robotics, and Aviation Industries of Korea. Sustainability 2018, 10, 2459 .
AMA StyleJinHyo Joseph Yun, Euiseob Jeong, Youngkyu Lee, Kyunghun Kim. The Effect of Open Innovation on Technology Value and Technology Transfer: A Comparative Analysis of the Automotive, Robotics, and Aviation Industries of Korea. Sustainability. 2018; 10 (7):2459.
Chicago/Turabian StyleJinHyo Joseph Yun; Euiseob Jeong; Youngkyu Lee; Kyunghun Kim. 2018. "The Effect of Open Innovation on Technology Value and Technology Transfer: A Comparative Analysis of the Automotive, Robotics, and Aviation Industries of Korea." Sustainability 10, no. 7: 2459.
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.
We answered to the research questions as follows. Has there been any change in the moderating effects of research and development (R&D) between open innovation (OI) and firms’ performance of small and medium enterprises (SMEs) in the South Korean manufacturing sector since the global financial crisis in 2007. And, if so, how about the changes? First, with the increase in OI of SMEs in the South Korean manufacturing sector, their performance moved in an inverted U-shaped curve in 2005, and 2014 altogether. Second, the R&D investment by SMEs in the South Korean manufacturing sector had a net effect on their performance in 2005, and 2014 altogether. Third, the R&D investment by SMEs in the South Korean manufacturing had accelerated the effect of OI on their performance in 2005. But, the R&D investment by SMEs in the South Korean manufacturing sector failed to moderate the effect of OI on their performance in 2014.
JinHyo Joseph Yun; Xiaofei Zhao; Sung Deuk Hahm. Harnessing the value of open innovation: change in the moderating role of absorptive capability. Knowledge Management Research & Practice 2018, 16, 305 -314.
AMA StyleJinHyo Joseph Yun, Xiaofei Zhao, Sung Deuk Hahm. Harnessing the value of open innovation: change in the moderating role of absorptive capability. Knowledge Management Research & Practice. 2018; 16 (3):305-314.
Chicago/Turabian StyleJinHyo Joseph Yun; Xiaofei Zhao; Sung Deuk Hahm. 2018. "Harnessing the value of open innovation: change in the moderating role of absorptive capability." Knowledge Management Research & Practice 16, no. 3: 305-314.