1,084 research outputs found

    Entering the Economic Models of Game Console Manufacturers

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    This paper deals with the video game console market. We are not interested here in portable consoles nor in PC games. Our work focuses on the role of core competencies in console wars, analyzing the way these competencies are activated within the firms' business models. The home console market also exhibits crossed network externalities, which requires console manufacturers the ability to conciliate the interests of both developers and gamers. From a strategic point of view, core competencies are closely related with market performance. Today, Sony's and Microsoft's business models are quite similar. However, Microsoft and Sony remain far behind Nintendo and its Wii, which suggests that core competencies do not discriminate on performance as much as the positioning choices made upstream when the strategy is crafted. The link between core competencies, economic model and strategy is at the heart of this study.video game console, business model, core competencies, two-sided market, platform.

    The Influence of Network Effect on the Valuation of Online Networking Companies

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    Online networks are having an enormous economic impact, both at the micro and the macro level. The growth of the online networks involves the participation of users, advertisers, and platform providers. This paper argues that the optimal revenue is directly proportional to user population, which is a key factor driving the online networking firms forward. Also, different companies are able to generate different value from each individual user. These arguments are supported by our empirical tests analyzing the current online networking giants. Empirical models further suggest that our theoretical model performs best when we look at the relationship between growth rate of revenue and that of user population. In addition, higher speed of user population growth and larger initial user population have positive influences in a network\u27s valuation

    The Influence of Network Effect on the Valuation of Online Networking Companies

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    Online networks are having an enormous economic impact, both at the micro and the macro level. The growth of the online networks involves the participation of users, advertisers, and platform providers. This paper argues that the optimal revenue is directly proportional to user population, which is a key factor driving the online networking firms forward. Also, different companies are able to generate different value from each individual user. These arguments are supported by our empirical tests analyzing the current online networking giants. Empirical models further suggest that our theoretical model performs best when we look at the relationship between growth rate of revenue and that of user population. In addition, higher speed of user population growth and larger initial user population have positive influences in a network\u27s valuation

    Adoption of Software Platforms: Reviewing Influencing Factors and Outlining Future Research

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    Software platforms have received attention as the dominant model for cooperative software development. Growing the ecosystems around software platforms through increasing adoption by users and developers is of great importance for platform owners. However, there is a lack of research on how to increase adoption and growth of software platforms systematically. To address this issue, we conduct a literature review and make an in-depth analysis to uncover and organize factors that drive adoption of software platforms. Additionally, we derive effective directions of these factors on the respective sides. Finally, we outline three avenues for future research: aligning research on platform governance and platform launch and growth, taking an evolutionary, growth-oriented perspective on governance of software platforms and further detailing platform launch and growth strategies towards a design theory for platform launch. This paper contributes to the understanding of software platforms by reviewing factors driving adoption and triggering network effects

    A smart market for passenger road transport (SMPRT) congestion: an application of computational mechanism design

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    To control and price negative externalities in passenger road transport, we develop an innovative and integrated computational agent based economics (ACE) model to simulate a market oriented "cap" and trade system. (i) First, there is a computational assessment of a digitized road network model of the real world congestion hot spot to determine the "cap" of the system in terms of vehicle volumes at which traffic efficiency deteriorates and the environmental externalities take off exponentially. (ii) Road users submit bids with the market clearing price at the fixed "cap" supply of travel slots in a given time slice (peak hour) being determined by an electronic sealed bid uniform price Dutch auction. (iii) Cross-sectional demand data on car users who traverse the cordon area is used to model and calibrate the heterogeneous bid submission behaviour in order to construct the inverse demand function and demand elasticities. (iv) The willingness to pay approach with heterogeneous value of time is contrasted with the generalized cost approach to pricing congestion with homogeneous value of travel time.

    Startup dilemmas - Strategic problems of early-stage platforms on the internet

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    siirretty Doriast

    A Longitudinal Study on the Effects of Network Capabilities of Firms and SME Policies

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    학위논문 (박사) -- 서울대학교 대학원 : 공과대학 협동과정 기술경영·경제·정책전공, 2021. 2. Jorn Altmann.South Korea's rapid growth from the 1970s to the early 1990s is largely due to the industrial structure centered on conglomerates that mainly export high-tech products with supports by the government. However, as the problem of the unbalanced industry structure emerged, support for SMEs has been strengthened, including SME-friendly public procurement policies. Public procurement in the software industry is also regulated by the Software Promotion Act, separate from the National Contract Act or the Procurement Business Act. A major issue pointed out in this public software procurement market was especially for conglomerates' extreme domination. Accordingly, the government has prevented conglomerates from participating in the public software procurement market since 2013, and prohibited multi-layered subcontracting practices from 2016. This study focused on the structural characteristics representing the network capabilities of firms, which have been frequently used in strategic management theory and organizational ecology, but difficult to systematically track dynamic changes over time. From 2008 to 2018, financial data of 2,665 major software firms with annual sales of more than 5 billion won and tax invoice transaction data had been consolidated. In the present study the effect of network capabilities on firm growth was dynamically analyzed, the net effect of the restriction system on participation of conglomerates (2013) on labor productivity was analyzed, and the net effect of the multi-layered subcontracting prohibition system (2016) on labor productivity and revenue growth was analyzed. As a result, it was found that integration, brokerage, and hierarchical trading network capabilities had a positive effect on revenue growth, but collaboration capabilities had a rather negative effect on the short term growth. In addition, in the software industry, unlike the manufacturing industry such as the automobile industry, the horizontal cooperation structure has a positive effect on productivity increase rather than the multi-layered vertical cooperation structure. Demand is important to the growth of a firm, but excessive measures such as excluding specific participants in a market may be poisonous to SMEs' productivity improvement and further growth. When creating a public procurement market environment that is the foundation for fostering target industries and firms, a government should concern not only the unique characteristics of the industry, but also the fact that roles and capabilities of firms are heterogeneous and their collaboration structure is important.한국의 집약적인 1970~1990년대 고도 성장은 정부가 조성하고 지원한 하이테크 제품을 주로 수출하는 대기업 중심의 산업구조 덕택이었다. 하지만 재벌에 편중된 산업 구조에 대한 문제점이 더 부각되면서 정부는 중소기업 친화적인 공공 조달 정책과 같은 중소기업 지원 정책을 강화해 왔다. 소프트웨어 분야 공공 조달 시장은 국가계약법, 조달사업법, 소프트웨어진흥법 등의 규율 하에 있는데, 그간 대기업의 독점적 참여가 중대한 이슈였다. 그에 따라 정부는 2013년부터 재벌 기업의 공공 소프트웨어 조달 시장 참여를 금지하고, 2016년부터 다단계 하도급을 금지하는 재 하도급 제한 제도를 실시했다. 소프트웨어 산업에서는 중소기업 뿐 아니라 모든 참여기업들의 협업 구조가 중요하기 때문에, 네트워크 역량을 나타내는 구조적 특성의 동태적인 변화를 면밀히 분석할 필요가 있다. 이를 위해, 이 연구는 2008~2018년까지 연 매출 50억 원 이상인 2,665개의 주요 소프트웨어기업의 재무 데이터를 구성했다. 또한 네트워크 역량을 구성하는 네 가지 지표를 조작적으로 정의하고 세금계산서 거래 데이터에 기초하여 분석한 후 통합 패널을 구축하였다. 그리하여 네 가지 서로 다른 네트워크 역량이 기업 성장에 미치는 영향을 동적으로 분석하고, 대기업 참여 제한 제도(2013)가 노동생산성과 수익성에 미치는 순 효과와 다단계 하도급 제한 제도(2016)가 노동 생산성 변화와 매출 성장에 미치는 순 효과를 분석하였다. 분석 결과, 통합·매개·계층적 거래 네트워크 역량은 연 매출 성장에 긍정적인 영향을 미치지만, 중장기적 협업 역량은 오히려 부정적인 영향을 미쳤다. 기업의 성장에 수요는 중요하지만, 해당 분야에 유효한 사업 권리를 갖고 있는 특정 기업군의 참여를 전면 제한하는 과도한 조치는 오히려 중소기업의 노동생산성 향상에 부정적인 영향을 미칠 수도 있다. 또한 소프트웨어 산업에서는 자동차 산업과 같은 제조업과 달리 수직적, 혹은 다층적 협력 구조 보다 수평적 협력 구조가 매출 성장에 보다 긍정적인 영향을 미친다. 산업과 기업 육성에 마중 물이 되는 공공 조달 시장 환경을 조성할 때, 우리는 산업 고유의 특성뿐 아니라, 기업 규모별로 역할 및 역량이 이질적이라는 점을 고려하여 사업의 기간 및 규모, 참여 기업 조건 등을 조화롭게 계획할 필요가 있다.Contents Abstract iii Contents vii List of Tables x List of Figures xii Chapter 1. Introduction 1 1.1 Research Background and Objectives 1 1.2 Outlines of the Overall Integrated Research Framework 3 Chapter 2. The Impact of Network Capabilities on a Firm's Growth 10 2.1 Literature Review 10 2.1.1 Penrosian Resource-Based View Theory 10 2.1.2 Organisational Economics Theory 11 2.1.3 Theory of Network Capabilities and Firm Performance 13 2.2 Research Model and Hypothesis 14 2.2.1 Operational Definition of Network Capabilities and Hypothesis Setting 14 2.2.2 Extended Model of Firm Growth 18 2.3 Variables and Data 23 2.3.1 Definition of Variables 24 2.3.2 Data 25 2.4 Result of Empirical Analysis 27 2.4.1 Descriptive Statistics 27 2.4.2 Analysis Result 28 2.5 Academic and Policy Implications 32 Chapter 3. The Policy Effect of Excluding Conglomerates' Participation on Labour Productivity of Target SMEs 36 3.1 Literature Review 36 3.1.1 Roles of the Korean Government: SME Policy and Public Procurement 36 3.1.2 Public Procurement and Firm Productivity 41 3.1.3 Public Procurement for Software Landscape Changes in Korea 43 3.2 Research Model and Hypothesis 47 3.3 Data and Analysis Method 49 3.3.1 Variables and Data 49 3.3.2 Analysis Method 52 3.4 Result of Empirical Analysis 55 3.4.1 Descriptive Statistics 55 3.4.2 Results of Analysis 56 3.5 Academic and Policy Implications 60 Chapter 4. Subcontracting Structure Matters: Innovation Performance in Software Industry 64 4.1 Literature Review 64 4.1.1 The Nature of Subcontracting 64 4.1.2 Software Industry and Multilayered Subcontracting Prohibition Policy 69 4.2 Research Model and Hypothesis 71 4.3 Data and Analysis Method 74 4.3.1 Variable and Data 74 4.3.2 Analysis Method 76 4.4 Analysis Results 80 4.4.1 Descriptive Statistics 80 4.4.2 Results of Empirical Analysis 81 4.5 Academic and Policy Implications 85 Chapter 5. Conclusion 89 5.1 Summary 89 5.2 Limitations and Future Research 96 Bibliography 98 Abstract (Korean) 117Docto

    Value co-creation through APIs in Multi-sided platforms : A design science research in the E-Mobility industry

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    This thesis discusses various elements of value co-creation through APIs in the context of Multi-sided platforms. A design science research methodology is applied to answer the main research question of how APIs contribute to value co-creation in a Multi-sided platform environment. During the research, a model is developed that shows the impact of offering APIs to complementors, competitors and individual developers. This model is applied in the context of the E-Mobility industry. The target company, a Multi-sided platform provider that connects EV drivers with charging stations, serves as a real-world context for this thesis. During the application of the model, several artifacts are created, and the theoretical model is refined through direct feedback from business and IT professionals in the E-Mobility field
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