3,676 research outputs found

    Special purpose vehicles for sustainable finance of innovation in Romania - the case of intelligent robotic systems

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    The intelligent robotic systems IRS integrates artificial intelligence (AI) and intelligent autonomous control based on special features like: decision making, multispectral sensorial information, advanced monitoring and execution capabilities. There is an impressive rate of success of IRS projects that benefits from the Industry 4.0. The design of strategies for IRS financing is very important for Romania, because the governmental funding is far from the critical mass and the access to capital market is insufficient. In this contribution the interest is to design special purpose vehicles (SPV) for sustainable finance of innovation in the case of IRS, adapted to Romanian emerging market, like venture capital financing (VCF) or thematic exchanged traded funds (ETF)

    Empirical Assessment of Coherence in Information Technology Firms

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    Coherence is the ability to discover new – potentially profitable – combinations of various types of knowledge assets where complementarity is the basis for relevant combinations. Assets are considered complementary if doing (more of) any one of them increases the returns to doing (more of) others. Despite its strategic importance, few studies have addressed the issue of coherence in the Information Technology (IT) industry. This paper develops a novel methodology assess the extent of complementarity and coherence in the IT firms grounded in ‘sensemaking’, evolutionary economics, and strategic management. This paper uses managerial perspective for defining businesses. Managers and IT experts identify a typical IT firm based on the dimensions of applications (verticals) and specializations (service lines). Another feature of this paper is the use of survivor principle for assessing complementarity. The results on complementarity suggest that in case of applications, the boundaries between Transport & Ports and Airlines & Railways are getting blurred and these could become a generic combination. Similarly, in case of specializations Software maintenance migration and RDBMS, Datawarehousing & Datamining could become a generic combination. The results also suggest that there is substantial scope for improvement in coherence in both applications and specializations. Analysis of coherence also indicates greater fungibility of knowledge in applications than knowledge in specializations. Another finding is that the IT firms retain coherence with large number of applications but not with large number of specializations. Finally, as the number of applications and specializations reach a critical limit, the average coherence shows a definite decline.

    Strategic Decision Making Under Uncertainty: Innovation and New Technology Introduction during Volatile Times1

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    Deere and Company, uncertainty, real option, organizational structure, option, risk, innovation, Industrial Organization, Risk and Uncertainty, Q1,

    Large firms and catch-up in a transitional economy: the case of Shougang Group in China

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    This study examines the possibility of catch-up of the Chinese steel industry, in particular the Shougang Group, with the leading global steel giants. Shougang is one of the four steel companies that have been selected by the Chinese government to constitute the core of the future Chinese steel industry. The contract system at Shougang, which operated from 1979 to 1995, unleashed an extraordinary entrepreneurial energy in the formerly traditional state-run steel plant. In the post-contract system, Shougang's range of decision-making independence in respect to the purchase of inputs, its production structure and product marketing has increased substantially compared to the contract system, when the government still controlled many of the key decisions. As a result of institutional constraint, the low value-added steel products dominate Shougang's portfolio. To challenge the established giants in the steel industry, Shougang has to divest the loss-making non-core businesses, slowly downsize employment in the core business, raise capital on the stock market and generates the resources for continued upgrading of its steel technology and diversifying its product portfolio

    The Industry and Policy Context for Digital Games for Empowerment and Inclusion:Market Analysis, Future Prospects and Key Challenges in Videogames, Serious Games and Gamification

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    The effective use of digital games for empowerment and social inclusion (DGEI) of people and communities at risk of exclusion will be shaped by, and may influence the development of a range of sectors that supply products, services, technology and research. The principal industries that would appear to be implicated are the 'videogames' industry, and an emerging 'serious games' industry. The videogames industry is an ecosystem of developers, publishers and other service providers drawn from the interactive media, software and broader ICT industry that services the mainstream leisure market in games, The 'serious games' industry is a rather fragmented and growing network of firms, users, research and policy makers from a variety of sectors. This emerging industry is are trying to develop knowledge, products, services and a market for the use of digital games, and products inspired by digital games, for a range of non-leisure applications. This report provides a summary of the state of play of these industries, their trajectories and the challenges they face. It also analyses the contribution they could make to exploiting digital games for empowerment and social inclusion. Finally, it explores existing policy towards activities in these industries and markets, and draws conclusions as to the future policy relevance of engaging with them to support innovation and uptake of effective digital game-based approaches to empowerment and social inclusion.JRC.J.3-Information Societ

    Firm specialisation and growth. A study of the european software industry.

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    This paper analyses the process of growth and restructuring of 38 large European and US software firms during the period 1984-1992. Since the end of the 1960s, an independent software industry has emerged in the US and in Europe stimulated by technological and institutional change. Particularly, the diffusion of small computers and local area networks during the 1980s is largely responsible for the high growth rate of software market compared with other information technology segments. Moreover, software is a pervasive technology in that it tends to be used in all economic sectors. This has spurred the entry of many new firms and vertical disintegration of software activities from computer hardware manufacturing. In the 1980s a wave of M&As, joint ventures and corporate restructuring (new subsidiaries, reorganisations of divisions, etc.) took place in this industry. This paper aims to analyse the objectives of these operations (exploitation of new market opportunities or new joint research opportunities) and their directions (diversification or specialisation).

    Big business with Chinese characteristics: two paths to growth of the firm in China under reform

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    This paper presents a case study of two large firms which emerged from among the ranks of traditional state-owned enterprises and new entrants: Shougang (steel) and Sanjiu (pharmaceuticals). Rather than being irreconcilable with the market economy, the experience of these two firms suggests that the Chinese Communist Party and the People's Liberation Army possessed a rich legacy of organisational and motivational skills. Moreover, Shougang and Sanjiu both grew rapidly through mergers and acquisitions in the absence of privatisation and a developed stock market. Furthermore, the main reason for Shougang and Sanjiu's success is not special help from the government or the army, but rather the fact that its leadership used their autonomy to construct a highly effective business organisation

    The competitive repositioning of automotive firms in Turin: innovation, internationalisation and the role of ICT

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    Following the increasing competitive pressure and the emergence of new industrial poles within the auto industry, Italian firms have been the protagonists of an intense reorganisation, which is still ongoing. This case-study involves 13 supplier firms, operating in the automotive industry, localised in Turin, that have adopted a series of strategies aimed at improving their international competitiveness. The empirical findings show that there is a particularly strong innovative drive for the interviewed firms to position themselves in activities with greater added value and to undertake internationalisation strategies, from the 'lighter' to the more 'complex' forms, coupled with a use of information and communication technologies epresents a case of excellence.Innovation, Internationalisation, ICT, Automotive Industry
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