Platform based Innovation Ecosystems: Value Network Configuration Perspective
A platform-based innovation ecosystem links multiple markets and their corresponding stakeholders for joint value creation and innovation around a platform, and it is critical for the platform sponsor to manage the configuration efficiently for maximized value and survival. Through a multi-case stud...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Universidade do Porto, Faculdade de Engenharia (FEUP)
2023-05-01
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| Series: | Journal of Innovation Management |
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| Online Access: | https://journalsojs3.fe.up.pt/index.php/jim/article/view/1922 |
| _version_ | 1797633141782872064 |
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| author | Jarno Lähteenmäki Juuso Töyli |
| author_facet | Jarno Lähteenmäki Juuso Töyli |
| author_sort | Jarno Lähteenmäki |
| collection | DOAJ |
| description | A platform-based innovation ecosystem links multiple markets and their corresponding stakeholders for joint value creation and innovation around a platform, and it is critical for the platform sponsor to manage the configuration efficiently for maximized value and survival. Through a multi-case study, we propose a configurational framework for platform ecosystems to analyze multi-stakeholder business structures, boundary decisions and their relationships. We define the context as for-profit business networks that leverage a digital platform to create multi-sided market circumstances and to engage partners as well as customers in joint innovation and value creation. Empirically we study five small to mid-sized digital information and communication technology platforms and their ecosystems. The discoveries elaborate on the four characteristic configurations and activities involved in the platform ecosystem management, and show configurational differences between open, semi-open, and closed innovation ecosystems. We propose the value-network configurations for the ecosystem, upstream producer, downstream consumer, and partner driven scenarios. Contradicting the existing literature, we argue that complementarities are created by two different producer actors and the consumption is influenced by two different downstream actors. We also argue that an internal production platform can be considered a platform ecosystem for innovation in the case of the extensive use of external knowledge and resource sources. The results extend the understanding of a platform ecosystem as a multi-layered configuration, and show what are the roles of different functions in the multi-layered structure. |
| first_indexed | 2024-03-11T11:49:50Z |
| format | Article |
| id | doaj.art-75b8c761968f474787159ef74d4b9f66 |
| institution | Directory Open Access Journal |
| issn | 2183-0606 |
| language | English |
| last_indexed | 2024-03-11T11:49:50Z |
| publishDate | 2023-05-01 |
| publisher | Universidade do Porto, Faculdade de Engenharia (FEUP) |
| record_format | Article |
| series | Journal of Innovation Management |
| spelling | doaj.art-75b8c761968f474787159ef74d4b9f662023-11-09T10:39:24ZengUniversidade do Porto, Faculdade de Engenharia (FEUP)Journal of Innovation Management2183-06062023-05-01111689710.24840/2183-0606_011.001_00042096Platform based Innovation Ecosystems: Value Network Configuration PerspectiveJarno Lähteenmäki0https://orcid.org/0000-0003-2743-2105Juuso Töyli1Aalto University, Department of Communication and Networking, FinlandUniversity of TurkuA platform-based innovation ecosystem links multiple markets and their corresponding stakeholders for joint value creation and innovation around a platform, and it is critical for the platform sponsor to manage the configuration efficiently for maximized value and survival. Through a multi-case study, we propose a configurational framework for platform ecosystems to analyze multi-stakeholder business structures, boundary decisions and their relationships. We define the context as for-profit business networks that leverage a digital platform to create multi-sided market circumstances and to engage partners as well as customers in joint innovation and value creation. Empirically we study five small to mid-sized digital information and communication technology platforms and their ecosystems. The discoveries elaborate on the four characteristic configurations and activities involved in the platform ecosystem management, and show configurational differences between open, semi-open, and closed innovation ecosystems. We propose the value-network configurations for the ecosystem, upstream producer, downstream consumer, and partner driven scenarios. Contradicting the existing literature, we argue that complementarities are created by two different producer actors and the consumption is influenced by two different downstream actors. We also argue that an internal production platform can be considered a platform ecosystem for innovation in the case of the extensive use of external knowledge and resource sources. The results extend the understanding of a platform ecosystem as a multi-layered configuration, and show what are the roles of different functions in the multi-layered structure.https://journalsojs3.fe.up.pt/index.php/jim/article/view/1922platform ecosystemindustry platformbusiness networkvalue network configuration |
| spellingShingle | Jarno Lähteenmäki Juuso Töyli Platform based Innovation Ecosystems: Value Network Configuration Perspective Journal of Innovation Management platform ecosystem industry platform business network value network configuration |
| title | Platform based Innovation Ecosystems: Value Network Configuration Perspective |
| title_full | Platform based Innovation Ecosystems: Value Network Configuration Perspective |
| title_fullStr | Platform based Innovation Ecosystems: Value Network Configuration Perspective |
| title_full_unstemmed | Platform based Innovation Ecosystems: Value Network Configuration Perspective |
| title_short | Platform based Innovation Ecosystems: Value Network Configuration Perspective |
| title_sort | platform based innovation ecosystems value network configuration perspective |
| topic | platform ecosystem industry platform business network value network configuration |
| url | https://journalsojs3.fe.up.pt/index.php/jim/article/view/1922 |
| work_keys_str_mv | AT jarnolahteenmaki platformbasedinnovationecosystemsvaluenetworkconfigurationperspective AT juusotoyli platformbasedinnovationecosystemsvaluenetworkconfigurationperspective |