• Title/Summary/Keyword: Disruptive innovation

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A Study of Servitization Strategy for Electric Vehicles

  • Lee, Sang-Hyun
    • Journal of Distribution Science
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    • v.14 no.9
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    • pp.5-13
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    • 2016
  • Purpose - This study proposes a framework for service innovation strategy to cope with the emergence of electric vehicles. Research design, data, and methodology - This study designs an electric-vehicle lease program and collects the resulting data to analyze. By analyzing the previous studies on the electric-vehicle market with cases, a theoretical framework based on existing theories is to be set. Results - This study proposes a strategy for the rapid diffusion of electric vehicles. First, a partitioned-pricing system is proposed to create an advantage for electric vehicles in terms of initial purchasing cost relative to traditional internal combustion vehicles. Second, focusing on reducing switching costs is important because electric vehicles have relatively low resale values due to the uncertainty of battery life. Third, a battery-leasing strategy is supposed to reduce the cost of switching from a traditional internal combustion vehicle to an electric vehicle. Conclusions - This paper can provide strategic guidance for decision makers in firms that have already entered the electric-vehicle leasing market by making a recommendation such as a service innovation strategy. The proposed strategy can be considered as an electric vehicle market in the future and can contribute to the wider diffusion of electric vehicles.

Research Trend of Additive Manufacturing Technology - A=B+C+D+E, add Innovative Concept to Current Additive Manufacturing Technology: Four Conceptual Factors for Building Additive Manufacturing Technology -

  • Choi, Hanshin;Byun, Jong Min;Lee, Wonsik;Bang, Su-Ryong;Kim, Young Do
    • Journal of Powder Materials
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    • v.23 no.2
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    • pp.149-169
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    • 2016
  • Additive manufacturing (AM) is defined as the manufacture of three-dimensional tangible products by additively consolidating two-dimensional patterns layer by layer. In this review, we introduce four fundamental conceptual pillars that support AM technology: the bottom-up manufacturing factor, computer-aided manufacturing factor, distributed manufacturing factor, and eliminated manufacturing factor. All the conceptual factors work together; however, business strategy and technology optimization will vary according to the main factor that we emphasize. In parallel to the manufacturing paradigm shift toward mass personalization, manufacturing industrial ecology evolves to achieve competitiveness in economics of scope. AM technology is indeed a potent candidate manufacturing technology for satisfying volatile and customized markets. From the viewpoint of the innovation technology adoption cycle, various pros and cons of AM technology themselves prove that it is an innovative technology, in particular a disruptive innovation in manufacturing technology, as powder technology was when ingot metallurgy was dominant. Chasms related to the AM technology adoption cycle and efforts to cross the chasms are considered.

Determinants for Students Perceived Potential of BIM Use

  • Linderoth, Henrik C.J.;Peansupap, Vachara;Wong, Johnny
    • International conference on construction engineering and project management
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    • 2020.12a
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    • pp.291-300
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    • 2020
  • Newly graduated students are shown to constitute an important source of innovation within the architectural, engineering and construction (AEC) industry. In relation to digital technologies like BIM (Building Information Modelling) that is claimed to have a potential to transform the industry, newly graduated students may play a vital role in innovating with BIM. The paper aims to explore determinants for students perceived potential of BIM use (PPBU) and the role of the educational background. The aim will be achieved by analysing the results from a survey conducted among third- and fourth-year students in construction and civil engineering in Hong Kong, Sweden, and Thailand (n = 194). When the different groups are compared Swedish and Thai students perceive a significant higher PPBU than Hong Kong students. In a step-wise multiple regression analysis five predictors for PPBU were identified for Thai respectively Swedish students, and one predictor was identified for Hong Kong students. It is concluded that in the contemporary BIM-discourse it is claimed that BIM can/should transform the industry, and BIM is even seen as a disruptive technology, and newly graduated students will contribute to (digitally driven) innovation. However, from the predictors of PPBU, the question can raised if the awareness of the need for structural changes is lacking in the education, if students later in their working life should contribute to a BIM-induced transformation of the industry?

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Factors Affecting HR Analytics Adoption: A Systematic Review Using Literature Weighted Scoring Approach

  • Suchittra Pongpisutsopa;Sotarat Thammaboosadee;Rojjalak Chuckpaiwong
    • Asia pacific journal of information systems
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    • v.30 no.4
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    • pp.847-878
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    • 2020
  • In the era of disruptive change, a data-driven approach is vital to Human Resource Management (HRM) of any leading organization, for it is used to gain a competitive advantage. HR analytics (HRA) has emerged as innovative technologies since advanced analytics, i.e., predictive or prescriptive analytics, were widely used in the High Performing Organizations (HPOs). Therefore, many organizations elevate themselves to become HPOs through Data Science on the "people side." This paper proposes a systematic literature review using the Literature Weighted Scoring (LWS) to develop a conceptual framework based on three adoption theories, which are the Technology-Organization-Environment (TOE), Diffusion of Innovation (DOI), and Unified Theory of Acceptance and Use of Technology (UTAUT). The results show that a total of 13 theory-derived factors are determined as influential factors affecting HRA adoption, and the top three factors are "Quantitative Self-Efficacy," "Top Management Support," and "Data Availability." The conceptual framework with hypotheses is proposed to provide a foundation for further studies on organizational HRA adoption.

New Business Success using Strategic Innovation Strategy: Marine Engine Business and HEMAPT System of the Hyundai Heavy Industries Co. (신규사업성공과 전략적 기술혁신전략: 현대중공업의 엔진사업진출과 HEMAPT시스템 개발)

  • Kim, Wha Young
    • Journal of Service Research and Studies
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    • v.6 no.2
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    • pp.23-35
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    • 2016
  • Firms should seek greater profits and corporate growth through new businesses. New businesses contribute realizing creative economy that creates good jobs, and expanding the company by securing new markets and creating new profits and growth. However, new business is risky management decision-making to have a high failure rate because it involves the adaptation of new business environment and the burden of new investments, including the uncertainty of success in business. Therefore, innovation strategies play important roles for the new business entry, using product innovation, process innovation, business model innovation, disruptive innovation, and strategic innovation, etc. and company will get huge economic results by pushing them into successful business. It is essential that innovation strategy and IT development strategy along with business strategy of a firm are linked, and their strategic alignment is considered to be a critical success factor for new business success. Hyundai Heavy Industries(HHI) pursued marine engine business for the development of precision machinery industry and shipbuilding industry of Korea, and the company recognized the importance of new business strategy, innovation strategy, and IT strategy inter-linked, and pushed strategic alignment boldly. As a result, HHI won the competition in European and Japanese engine manufacturers and climbed into the world's largest engine manufacturer. This study suggests investigating and analyzing a case that HHI succeeded in marine engine business expansion using strategic innovation strategy as a way of the introduction of CNC machine tools and the development of HEMAPT system.

스마트TV 서비스 혁신에 따른 시장 전망 : 파괴적 혁신(Disruptive Innovation) 이론을 근간으로

  • Song, Min-Jeong;Lee, Hwa-Jin;Choe, Myeong-Ho
    • Information and Communications Magazine
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    • v.27 no.12
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    • pp.35-43
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    • 2010
  • 본고에서는 스마트TV 혁신이 가져오는 시장의 변화를 전망하기 위해 '파괴적 혁신 이론' 과 애플 사례를 논의한 후, 스마트TV 혁신이 시장에 미치는 영향을 제작 유통 시스템, 시장규모 측면으로 나누어 분석하였다. 스마트TV는 '폐쇄형'을 '개방형' 시스템으로 전환, 유통/제작자간 관계를 개선하고, 개방형 채널 및 VOD 도입으로 4년 후 전체 방송시장이 14조 9,800억 원으로 성장하고, 개방형 IPTV로 인한 확대금액만 약 4,623억 원으로 전망되며, 방송시장 매출액 중 PP 차지 비중도 2013년 44.1%까지 1.7%포인트 확대, 직접 창출되는 일자리는 4년간 약 4,676개로 추정된다. 이의 생산유발효과는 2조 3,995억 원, 부가가치 유발효과는 1조 260억 원으로 예측되었다. 또한, 스마트TV 전체에서 도입을 예정하고 있는 TV앱스토어도 4년간 3,606억 원의 누적수익을 창출하며, 직접 창출되는 일자리는 약 2,322개, 생산유발 효과는 6,681억 원, 부가가치유발효과는 3,226억 원, TV앱스토어와 초기투자에 의해 기대되는 소프트웨어 시장고용확대 효과는 누적 3,586개로 예측되었다.

Study on the Attitude toward Innovative New Product on Movie "Sanguiwon(the Royal Tailor)" (영화 "상의원(尙衣院)"에 나타난 혁신 신제품 수용 태도 연구)

  • Seo, Yong-Mo;Oh, Chi-Gyu
    • The Journal of the Korea Contents Association
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    • v.18 no.1
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    • pp.403-411
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    • 2018
  • This study analyzes the attitude toward new products through case studies. The contents of the case study applied to the study were analyzed about the attitude of the new product to the recently screened movie "Sanguiwon(the royal tailor)". The court was an institution that oversees the clothes of the royal family in the Chosun Dynasty. In a conservative and closed market environment, attitudes toward acceptance of new products are strongly influenced by internal and external factors. Authoritative and conservative attitudes to secure competitive advantage in existing markets ultimately hamper the acceptance of new products or cause externalities. Eventually, innovative resistance to new products emerges. On the other hand, the acceptance of new products in an open market will form an attitude toward new products, once they form a respectful attitude towards their own benefit or attitude. These market leaders, depending on the way they pursue their values, form an attitude to adhere to their products or accept innovation. The validity of this study was verified through other cases. Ultimately, success in the market for new products suggests that success can only be achieved by understanding the delivery of value to consumers.

The Moderating Effect of Brand Power on the Effect of Service Quality on Customer Satisfaction and Recommendation in Aviation Industry (서비스 품질이 항공사 만족과 추천에 미치는 영향에 있어 브랜드 파워의 조절적 영향)

  • Park, Seunghae;Hong, Jaewon
    • Asia-pacific Journal of Multimedia Services Convergent with Art, Humanities, and Sociology
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    • v.7 no.1
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    • pp.35-44
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    • 2017
  • In this paper, we attempt to investigate the moderating effect of brand power on the effect of in-flight service quality on customer satisfaction and recommendation in the aviation industry. The results were as follows. First, in the case of high brand power FSC(full service carriers), the cost-to-benefit ratio as well as all other flight service properties influence to customer satisfaction. However, in the case of low brand power FSC, the cost-to-benefit ratio showed a greater impact of customer satisfaction compared to other in-flight services. Second, as in the case of customer satisfaction, while the cost-to-benefit ratio more influence to customer recommendation than other in-flight services in low brand power FSC, the cost-to-benefit ratio as well as all other flight service properties influence to customer recommendation together in high brand power FSC. Therefore, low brand power FSC required tit-for-tat strategy against to LCC(low cost carriers) by pursuing disruptive innovation for price. And high brand power FSC required sustaining innovation strategy through improving flight services.

A Study on the Priority of the Factors that Influence Digital Transformation Using AHP (AHP를 이용한 디지털트랜스포메이션에 영향을 미치는 요인의 우선순위에 관한 연구)

  • Jong Soo Mok;Jay In Oh
    • The Journal of Bigdata
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    • v.7 no.1
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    • pp.139-171
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    • 2022
  • Big Data and the fourth industrial revolution are the first revolution that has not spawned a new form of energy but has triggered a new technological phenomenon called digitization. Digital transformation has caused disruptive innovation, and each country and major corporations need to respond to it. Despite this importance, empirical studies at home and abroad are insufficient. Therefore, in this study, factors affecting the promotion of corporate digital transformation were discovered through literature review, and a research model was developed and empirically analyzed by modifying and supplementing it through a Delphi study. The research model was composed of the main standards such as technology, innovation, organization, and environment and 17 sub-standards by combining the IDT and TOE models. In order to empirically analyze this, the AHP decision-making technique was used for experts in domestic digital transformation promotion companies and business partners. Companies that promote digital transformation will be able to increase the chances of achieving successful digital transformation if they take into account the factors that influence the digital transformation promotion according to the characteristics of the type of industry and company size of the group to which the company belongs.

Effects of Corporate Entrepreneurship Awareness on Organizational Effectiveness in Public Organizations: Focusing on Domestic Public Sector Practices (공공조직의 사내기업가정신 인식이 조직유효성에 미치는 영향: 국내 공공기관 사례를 중심으로)

  • Park, Young Sang;Lee, Woo Jin
    • Asia-Pacific Journal of Business Venturing and Entrepreneurship
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    • v.11 no.6
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    • pp.83-98
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    • 2016
  • This study investigated the effects of corporate entrepreneurship awareness on organizational effectiveness using a case study of a domestic public institution-something that had not been done before. The main purpose of this study was to examine the correlation between corporate entrepreneurship and the personal entrepreneurship of each organization member. Specifically, we studied the effects of four aspects of corporate entrepreneurship-innovation, risk sensitivity, goal orientation, and autonomy-on the effectiveness of the organization with regard to personal entrepreneurship, defined by creativity, job satisfaction, and organizational commitment, in a public institution. We examined the mediating role of the facets of private entrepreneurship-innovation, risk sensitivity, and goal orientation-on the effectiveness of organizations. In addition, we examined the correlation between the recognition of an organization and individual innovation, creativity, and entrepreneurship in domestic public institutions. We found that corporate entrepreneurship significantly influences organizational effectiveness. We also found that private entrepreneurship has partially influenced organizational effectiveness. This result indicates that specifically personal entrepreneurship in a public organization with a corporate structure contributes in part to organizational effectiveness. Therefore, the efforts made for disruptive innovation and the innovative strategies of corporates with personal entrepreneurship should be kept up for the long haul in order to influence the achievements of organizations in the public sector significantly. The need of the hour is for public institutions to disseminate and extend entrepreneurship at the national level. Furthermore, studies on corporate entrepreneurship in different fields in organizations in the public domain are needed.

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