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Technological Innovation and Value Creation of Enterprise Innovation Ecosystem Based on System Dynamics Modeling

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journal contribution
posted on 08.07.2021, 02:52 by P Zhang, E Zhou, Y Lei, Junsong BianJunsong Bian
Based on the analysis of the dynamic interrelationships of enterprise innovation factors according to system dynamics, we build a dynamic causality diagram and a flow graph model of the enterprise innovation ecosystem to study the potential business value creation paths focusing on technological innovation. The system model is simulated using data from high-tech enterprises. Our results show that the model can reasonably simulate the operation of the enterprise innovation ecosystem. Two paths to value creation are identified: (1) input-technological innovation-commercialization of results-value creation; (2) external acquisition of technology-digestion and absorption-value creation as a complementary path. Also, the technological innovation path expands and extends the industrial chain and supply chain of enterprises and better promotes the value creation of enterprises in the same supply chain. Furthermore, our results show that R&D investment and technical cooperation investment should be allocated rationally in order to improve the utility of value creation investment.

History

Publication Date

12/05/2021

Journal

Mathematical Problems in Engineering

Volume

2021

Article Number

5510346

Pagination

(p. 1-13)

Publisher

Hindawi Limited

ISSN

1024-123X

Rights Statement

The Author reserves all moral rights over the deposited text and must be credited if any re-use occurs. Documents deposited in OPAL are the Open Access versions of outputs published elsewhere. Changes resulting from the publishing process may therefore not be reflected in this document. The final published version may be obtained via the publisher’s DOI. Please note that additional copyright and access restrictions may apply to the published version.

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