• Title/Summary/Keyword: Process Innovations

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The Effects of the Fit between Forms of KM Strategy and Types of IT Capability on the Innovations of Manufacturing Firm: Innovation Openness (지식경영 전략과 정보기술 역량 간의 적합 관계가 제조기업 혁신에 미치는 영향: 혁신의 공개성)

  • Choe, Jong-min
    • The Journal of Information Systems
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    • v.28 no.2
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    • pp.1-23
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    • 2019
  • Purpose This study exploratory investigated the effects of the fit between forms of knowledge management(KM) strategy and types of information technology(IT) capability on the kinds of innovations such as product and process innovations. In this study, the openness of innovations that affects the innovations of a firm is considered. Design/methodology/approach For this empirical study, 104 manufacturing firms' data were finally collected through field survey. For the analysis of the data, cluster analysis and multiple regression analysis were employed. Findings This study demonstrated that when a system-oriented KM strategy is adopted, IT flexibility, which supports the implementation of a system-oriented strategy, is highly employed and utilized. It was also found that under a dynamic KM strategy, both IT integration and IT flexibility are highly employed. For the innovation of a firm, it was found that when a system-oriented strategy is employed and the flexibility of IT is highly adopted, the levels of product innovation are enhanced. Under a dynamic strategy, when the degrees of IT integration and IT flexibility are high, high levels of product and process innovations were empirically found. The impact of innovation openness on the innovations of a firm were partially demonstrated. Finally, the positive impact of the innovations on the improvement of performance in manufacturing firms were demonstrated.

The Effects of the Co-innovation with Suppliers through IT on the Product and Process Innovations in Manufacturing Firms (정보 기술을 이용한 공급 기업과의 공동 혁신이 제조기업 제품 및 과정 혁신에 미치는 영향)

  • Choe, Jong-Min
    • The Journal of Information Systems
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    • v.27 no.1
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    • pp.111-131
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    • 2018
  • Purpose This study empirically investigated the impact of information technology(IT) capability on the co-innovation with suppliers and the effects of the co-innovation with suppliers on the product and process innovations in manufacturing firms. We demonstrated that IT promotes innovations trough the sharing of knowledge with suppliers. Design/methodology/approach The empirical data were collected through post-survey. 97 valid survey data were finally collected. With a multiple-regression analysis, we confirmed the influence relationships among critical variables. Findings In the empirical results, it was found that IT integration positively and significantly influences the amount of inter-organizational information exchange with suppliers. The results showed that the inter-organizational information flow with suppliers has a positive and significant impact on the inter-organizational learning with suppliers. It was also observed that the inter-organizational learning with suppliers facilitates and promotes the co-innovation with suppliers. From these results, it is concluded that the co-innovation with suppliers is activated through the knowledge transfer or sharing caused by an inter-organizational information flow or learning. Finally, the positive effects of the co-innovation with suppliers on the product and process innovations were empirically confirmed. Thus, it is suggested that IT capability influences innovations through the co-innovation with suppliers caused by an inter-organizational information flow.

Advanced Business Process Management with Digital Innovations (Review)

  • Masood Ahmed Khalid;Muhammad Jawad Ibrahim
    • International Journal of Computer Science & Network Security
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    • v.23 no.6
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    • pp.121-126
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    • 2023
  • Many organizations are looking for digital innovation to apply in business process management and this information revolution leaves its effect on the businesses and anticipate competitors. In this article, investigates the strength of the relationship between business process management (BMP) and Digital Innovations (DI) since it has been underdeveloped. The results and findings are extracted from international survey with explanations of expert panel to generalized a positive and moderate link of multiple factors that are affecting the strategic decision-making in business process management. It is extended to the Technology Organization Environment (TOE) framework and contour organizations along their Digital Process Innovation (DPI).

A Study on the Characteristics of IT Innovations (정보기술 혁신 특성에 관한 연구)

  • 백상용;박경수
    • Journal of Information Technology Application
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    • v.3 no.3
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    • pp.71-90
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    • 2001
  • Research on innovation has a long tradition from various disciplines. MIS research has also been interested in the innovation adoption because IS development and implementation can be regarded as an innovation process. To deal with IT innovations, MIS research adopted existing innovation(diffusion) theories which have been developed on general innovation phenomena. However, the MIS innovation research revealed that there exist some limitations in applying the innovation theories to IT innovations and proposed that research on IT innovations should reflect the unique characteristics of IT. The purpose of this study is twofold; first, to synthesize the past research and propose the uniqueness of IT innovations and second, to survey the Perceptions of managers on If innovations. Three unique characteristics of IT innovations are derived from the past research which are (1) knowledge barriers, (2) increasing returns, (3) organizational decision. Data collected from 68 Korean managers showed that the perceptions of managers support the uniqueness of IT innovations. Some recommendations to facilitate IT innovations are discussed and further research directions are suggested.

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Target Costing, Knowledge Management Activities, and Corporate Innovation (원가기획, 지식경영 활동들과 기업 혁신)

  • Choe, Jong-Min;Choi, Cheol-Hwan
    • The Journal of Information Systems
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    • v.24 no.1
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    • pp.45-66
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    • 2015
  • This study empirically investigated the relationships among organizational culture, target costing, knowledge management activities, and corporate innovations. The results of this study showed that innovative and supportive culture positively affects the adoption degrees of target costing. According to the results, it was observed that target costing as well as innovative and supportive culture have a positive impact on levels of knowledge management activities(i.e., knowledge creation, sharing, storage, and application). It was also demonstrated that organizational culture has an indirect effect on activation of knowledge management activities through target costing. Thus, to enhance knowledge management activities, target costing must be aligned with appropriate types of organizational culture. In examining the impact of knowledge management activities on the frequencies of product and process innovations, no significant effect was found. Additional analyses that compare across three groups(i.e., low level group, middle level group and high level group in knowledge management activities) and between two groups(i.e., between high level group and middle level group or between high level group and low level group) were performed. The results of comparison showed that the degrees of product and process innovations are highest in high level group, but no significant differences are found in the degrees of innovations between middle level group and low level group.

Propensity to Innovate and Firm Performance in the Developing Economies: Evidence from ASEAN Countries

  • Duy Tran Luu;Truong Vinh Tran Luu
    • Asian Journal of Innovation and Policy
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    • v.12 no.2
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    • pp.155-176
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    • 2023
  • This paper employs datasets from the Enterprise Survey conducted by the World Bank to examine the relationship between four types of innovation defined by the Oslo Manual (OECD, 2005): product innovation, process innovation, marketing innovation, organization innovation, and the firm performance in the selected developing ASEAN economies. The main objective of this paper is to understand the characteristics of innovation activities at the firm level and how various innovation types affect firm performance. The empirical results from ASEAN manufacturing firms reveal that product innovation positively affects firms' performance, while non-technological innovations are negatively related to the performance of firms. The further employed quantile regression provides more insights into the roles of innovation types on different levels of firm performance: while product and process innovations actively contribute to the small and medium-size firms (below 25th quantile and median), organizational and marketing innovations negatively affect them. Interestingly, the role of process innovation decreases when firm performance grows.

The Mechanism of the Investment Resources Involvement in Order to Introduce Innovations at Enterprises in the Conditions of Digitalization

  • Karpenko, Oksana;Bonyar, Svitlana;Tytykalo, Volodymyr;Belianska, Yuliia;Savchenko, Serhii
    • International Journal of Computer Science & Network Security
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    • v.21 no.11
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    • pp.81-88
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    • 2021
  • The presented scientific research substantiates the principles of the mechanism of the investment resources involvement in order to introduce innovations at enterprises in the context of digitalization using a resource-functional approach. The importance of attracting investment resources, which contributes to the modernization of production systems, the creation of a stable economic field of development of economic entities, is justified. The expediency of application of the resource-functional approach on research of the mechanism of attraction of investment resources for introduction of innovations at the enterprises in the conditions of digitalization is proved. The investment process is presented in the form of a chain of interdependent processes which include: attraction of investment resources, investments, increase of investment value, profit. It is proved that the mechanism of attracting investment resources for the introduction of innovations in enterprises in the context of digitalization cannot be considered in isolation from the process, due to the fact that the mechanism is aimed at performing specific functions. The functions of the mechanism include management, complex, coordination, monitoring, performance and control functions. Functions of the mechanism of attraction of investment resources for introduction of innovations at the enterprises in the conditions of digitalization are caused by the purposes of attraction of investment resources for innovative development; the presence of an objective nature; relative independence and homogeneity; implementation of functions in the process of investing in innovative activities of the enterprise.

The Effect of Diffusion Starters' Centralities on Diffusion Extent in Diffusion of Competing Innovations on a Social Network (사회 네트워크 상의 기술 확산 경쟁에서 확산 시작 지점의 중심성에 따른 확산 경쟁의 결과)

  • Hur, Wonchang
    • Journal of the Korean Operations Research and Management Science Society
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    • v.40 no.4
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    • pp.107-121
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    • 2015
  • Diffusion of innovation is the process in which an innovation is communicated through certain channels over time among the members of a social system. The literatures have emphasized the importance of interpersonal network influences on individuals in convincing them to adopt innovations and thereby promoting its diffusion. In particular, the behavior of opinion leaders who lead in influencing others' opinion is important in determining the rate of adoption of innovation in a system. Centrality has been recognized as a good indicator that quantifies a node's influences on others in a given network. However, recent studies have questioned its relevance on various different types of diffusion processes. In this regard, this study aims at examining the effect of a node exhibiting high centrality on expediting diffusion of innovations. In particular, we considered the situation where two innovations compete with each other to be adopted by potential adopters who are personally connected with each other. In order to analyze this competitive diffusion process, we developed a simulation model and conducted regression analyses on the outcomes of the simulations performed. The results suggest that the effect of a node with high centrality can be substantially reduced depending upon the type of a network structure or the adoption thresholds of potential adopters in a network.

FINANCIAL SYSTEM: INNOVATIONS AND PRINCING OF RISKS

  • Melnikov, A.V.
    • Journal of the Korean Mathematical Society
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    • v.38 no.5
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    • pp.1031-1046
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    • 2001
  • The paper studies the evolution of the financial markets and pays the basic attention to the role of financial innovations (derivative securities) in this process. A characterization of both complete and incomplete markets is given through an identification of the sets of contingent claims and terminal wealths of self-financing portfolios. the dynamics of the financial system is described as a movement of incomplete markets to a complete one when the volume of financial innovations is growing up and the spread tends to zero (the Merton financial innovation spiral). Namely in this context the paper deals with the problem of pricing risks in both field: finance and insurance.

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