Creating and capturing value in a regional innovation ecosystem: A study of how manufacturing SMEs develop collaborative solutions

Agnieszka Radziwon, Marcel Bogers, Arne Bilberg

Research output: Contribution to journalArticleAcademicpeer-review

14 Citations (Scopus)

Abstract

We investigate how a set of small and medium sized enterprises (SMEs) can engage in business model development within a regional innovation ecosystem. Based on a case of Danish manufacturing SMEs that developed their local ecosystem in an innovative automation project, we find key drivers and challenges that these companies encountered while creating and capturing value both for them and the ecosystem at large. While the value creation process is enabled by common goals and financial support, companies need to balance their core activities with their commitment to the joint initiative. Moreover, ecosystem development is centrally dependent on the value-capture process, which also takes place at the inter-organisational level. Such open innovation process implies a purposive management of knowledge flows at the level of the innovation ecosystem that fits a multi-layered structure of the business model. Our findings also highlight the underlying connection between the business model and ecosystem concepts.

Original languageEnglish
Pages (from-to)73-96
Number of pages24
JournalInternational Journal of Technology Management
Volume75
Issue number1-4
DOIs
Publication statusPublished - 2017
Externally publishedYes

Keywords

  • Action research
  • Business model
  • Case study
  • Collaboration
  • Coopetition
  • Ecosystem
  • Goals
  • Knowledge
  • Leadership
  • Low-tech
  • Manufacturing
  • Motivation
  • Open innovation
  • Small- and medium-sized enterprises
  • SMEs
  • Value capture
  • Value creation

Fingerprint Dive into the research topics of 'Creating and capturing value in a regional innovation ecosystem: A study of how manufacturing SMEs develop collaborative solutions'. Together they form a unique fingerprint.

Cite this