Overview of business innovations and research opportunities in blockchain and introduction to the special issue

Blockchain has become a new frontier of venture capitals that has attracted the attention of banks,governments,and other business corporations.The recent blockchain related attempts included legal blockchains by Fadada.com and Microsoft and pork tracking blockchains by Walmart and IBM.Blockchain is poised to become the most exciting invention after the Internet;while the latter connects the world to enable new business models based on online business processes,the former will help resolve the trust issue more efficiently via network computing.In this paper,we give an overview on blockchain research and development as well as introduce the papers in this special issue.We show that while blockchain has enabled Bitcoin,the most successful digital currency,its widespread adoption in finance and other business sectors will lead to many business innovations as well as many research opportunities.

Study of Impacts of Small Business Innovation Research Programs

The development and commercialization of new technologies are important to the global economy. In this paper, the author first addresses Small Business Innovation Research （SBIR） background ; then, implicitly defines SBIR ; finally, I also analyze the impacts of smaU business innovation research programs. There are four aspects ： entrepreneurial orientation; environmental factors; organizational factors and performanee.

Barriers and Drivers of Sustainable Business Model Innovation:Present and Future Research Perspectiv

Sustainable business model innovation(SBMI)introduced a unique frontier in current business operations and innovation management.Despite the numerous advantages of SBMI to contemporary business strategy,most established firms face challenges in its successful implementation.Through a systematic review process(SRP),the paper attempted to critically evaluate and analyze the previous outcome on the barriers and drivers to SBMI.The research explored 42 prior studies to identify the thematic study areas,highlight the research gaps,and outline future propositions and agendas.The research thoroughly evaluates the state-of-the-art regarding barriers and drivers to implement SBMI.The SRP approach utilized in the study sheds light on the intricacies of SBMI by highlighting six critical barriers:institutional,organizational,strategic,resource allocation,technological,and financial barriers that hinder the successful deployment of SBMI.In addition,the study’s findings indicated that organizational learning,knowledge management,dynamic capabilities resource mobilization,innovative business activities,and human resource development could be a catalyst to the successful implementation of SBMI.Furthermore,the study highlighted some critical gaps and agendas for future research on SBMI.This study contributes to the literature on business model innovation and offers a practical outlook that can facilitate firms and policymakers in developing strategies to improve their business model.

Determinants of Successful IT-Enabled Business Innovation： A Case Study from the Perspective of Institutional Entrepreneurship Theory

As the role of information technology （IT） in business innovation becomes increasingly important, an increasing number of organizations have started to consider how to promote IT-enabled business innovation. Although extant studies have identified organization, environment, and innovation＇s characteristics as substantial determinants of IT innovation, they do not emphasize the accompanying innovation in processes, products or services, which distinguish IT-enabled business innovation from general IT innovation. Therefore, the reason why few companies succeed in realizing IT-enabled business innovation remains obscure. Anchored on the institutional entrepreneurship theory, this paper examines determinants of the success of IT-enabled business innovation in a fast-growing company using the case study approach. Our findings indicate that IT-business coordination competency, degree of institutionalization, participation of business managers, top management team＇s （TMT） attitude towards the innovation, and the innovation＇s relative strength, have significant impacts on the success of IT-enabled business innovation. Our findings also contribute to IT innovation research by identifying special determinants of IT-enabled business innovation and redirecting research ranging from innovation in IT itself to IT-enabled innovation in business processes, products or services.

A Case Study on Korea Telecom Skylife＇s （KTS＇s） Business Model Innovation Based on the Business Model Framework （BMF）

The aim of this paper is to assess business performances of a satellite TV--Korea Telecom Skylife （KTS）---to innovate its business model related to current technical events such as hybrid platform, digital conversion, and Intemet connected TV. For this, a theoretical logic is approached what levels of business model innovations there are, based on the ＂business model framework （BMF）＂ theory by Henry Chesbrough. Based on this theoretical backdrop, this study focuses on KTS＇s approach to utilize technical events to develop its business model and contribute to the company＇s earnings and operating cost expenditure. In conclusion, it will show the feasibility and the limitation to upgrade this firm＇s business model innovation in the smart media business ecosystem based on the last technical event, Internet connected TV.

Ya'an grit utensils welfare brand business model innovation and sustainable design practice

Taking "MG V Tao" post-disaster reconstruction social Innovation as an example, this paper explores the "MG V Tao" black grit brand industry situation, its existing problems, development trend and then proposes solutions through design thinking, with identifying local problems as the primary task and cultural heritage as the core, carry out innovative design and brand design strategy of commercial operations based on Online to Offline local distinctive resources. And combined with project practice, it discusses the business model innovation of non-profit brands based on emotional design. Then business model is built based on target users and market research, and product iteration is achieved through the cooperation between design workshops of several schools and local enterprises, thereby establishing a new business model to promote the sustainable local economic development.

Research on the Impact of Entrepreneurial Learning on the Business Model Innovation of Startups

Entrepreneurial learning involves all kinds of learning activities carried out by enterprises in the process of development.It helps entrepreneurs,as the backbone of enterprises,master key entrepreneurial knowledge and solve practical problems encountered in entrepreneurship.It runs through the whole process of entrepreneurial activities.According to research,through entrepreneurial learning,start-ups can improve entrepreneurial opportunities,entrepreneurial dynamics,and other development potentials;additionally,it helps enterprises better grasp and make full use of opportunities,so as to promote business model innovation and enterprise development.In view of this,this paper focuses on the impact of entrepreneurial learning on the business model innovation of startups,expounds the connotation of entrepreneurial learning,analyzes the impact of entrepreneurial learning on the business model innovation of startups,and proposes strategies on how to promote the business model innovation of startups through entrepreneurial learning based on practice,so as to achieve a breakthrough in the bottleneck of development and provide reference for the innovation and development of more startups.

Business Establishment with Good Faith,Innovation and Development——Paper on Maidilang Group Co.,Ltd.

After ten years of deploitation and enterprising, ten years of efforts, and ten years of manoeuvring among various political groupings, Maidilang has started from a small family factory of over RMB30,000, finally grown into a group company with total

Motivations, Mechanisms, and Paths of Business Model Innovation Driven by the Digital Economy

The digital economy,underpinned by fundamental digital technologies such as artificial intelligence,blockchain,cloud computing,and big data,facilitates business model innovation,thereby enabling firms to achieve distinctive competitive advantages.While the digital economy creates more development opportunities for businesses,it also subjects them to higher levels of competitive threats.Therefore,business model innovation is both a proactive choice to perceive and exploit external opportunities and a reactive adaptation to identify and mitigate external threats.The digital economy drives business model innovation through digital information,internet platforms,digital technologies,and new business models and formats.As such,firms should utilize data resources innovatively to update their value logic,build digital ecosystems based on internet platforms,enhance digital technology integration to enable agile responses,and gain insights into emerging economic formats to promote cross-industry integration and innovation.

Mechanism of Digital Business Model Innovation Driven by Big Data in Manufacturing Enterprises

Based on a data-driven theoretical approach,this study utilizes Qingdao Internet of Food Co.,Ltd.(loF)as a study case to explore the mechanism of digital business model innovation within manufacturing enterprises.Employing a dynamic logic framework of"data-driven processes-dynamic capability enhancement-digital business model innovation,"this paper elaborates the process of digital business model innovation using the Grounded Theory.The findings indicate that realizing digital business model innovation is contingent upon the effective utilization of organizational data resources.Data-driven processes are crucial driving factors for digital business model innovation,unfolding through three critical stages:demand source identification,scenario chain linkage,and network sharing and interaction.These data-driven approaches significantly influence and enhance organizational dynamic capabilities,supporting the intermediary mechanism of data-driven processes as the antecedents to optimize the components of an enterprise's digital business model.From a holistic generative perspective,digital business model innovation is realized through a dynamic process encompassing three dimensions:value proposition alignment,scenario experience optimization,and value network expansion.This study aims to offer theoretical insights and practical suggestions for business model innovation in the digital economy era.

Sustainable-Driven Business Model Innovation in Management

The concept of sustainability has evolved to become an engine of innovation in business models in numerous sectors.Businesses are increasingly aware of the need to incorporate sustainable practices to generate value over time while tackling environmental and social issues.This paper examines how companies use sustainability as a source of innovation in developing new market ventures and profit-increasing strategies.Based on case studies and analyses,the paper demonstrates how sustainable innovation struggling in businesses is evidenced in real-time and suggests principles and difficulties put positive changes in place.

Disruptive Innovation in the Nordic Countries＇ Healthcare Systems

The Nordic healtheare model is recognized to be one of the most innovative in the world. Here billions of USD are annually invested in developing new treatments, drugs, robots etc. to diagnose and cure diseases. Nevertheless, this study establishes that there is a fundamental shortcoming in the system that supports healthcare innovation： It is strongly biased towards micro-level innovation projects focusing on new products, alternative processes, and new financial solutions. The problem with this approach to support new projects is that the results are created as inventions within the system thus lacking holistic perspectives. This has consequently contributed with increasing costs that are out of proportion with existing budgets. Therefore this study seeks to analyze the current understanding of the Nordic healthcare system from a business model perspective. Here other aspects of the healthcare system are explored to determine if they could be redesigned to promote new types of innovation projects. The purpose of undertaking this task is to challenge the established patterns of the current healthcare innovation support practices. Here the vertical innovation process （VIP） framework, which is a systematic radical innovation model that seeks macro-level outcomes based on standalone inventions （see more below）, is applied to analyze the current state-of-the-art in Nordic healthcare innovation projects. The results determine that very little attention is given to rethink and redesign the healthcare system at a macro-level, and it is discussed that stand-alone inventions ought to be rethought into the entire healthcare system to create a larger impact. Finally, it is argued that existing performance measures are inappropriate to foster projects that innovate the existing system： New measuring points should be developed to promote macro-level projects and to avoid the current rapid increase of costs in the Nordic healthcare system.

Reflections on the Dilemma and Solutions of College Students’ Innovation and Entrepreneurship Education under the Background of “Internet Plus”

Appropriate innovation and Entrepreneurship Education in the university can effectivelypromote the reform of teaching mode and improve the quality of personnel training. With the emergence of the “InternetPlus”, it is inevitable to integrate the Internet and innovation educationorganically. In this paper, on the basis of the existing literature and data review as well as the field researches in some universities, the author sorted out the plight of the present situation of College Students’ innovation and Entrepreneurship Education under the background of the “InternetPlus”, expounded the function and significance of innovation and entrepreneurship education, and puttedforward some suggestions to the construction of universities’ innovation and entrepreneurship education system, to promote students’ overall growh and social progress.

Business Model Innovation in China's Semiconductor Industry:A Pathway to Technological Breakthrough

In the face of intense global competition,the Chinese semiconductor industry grapples with unprecedented challenges.Addressing theissueeof“bottleneck technology”has become a paramount concern among experts from various domains in China.However,the trajectory of the global semiconductor sector is inexorably linked to the innovation of its business models and adherence to the tenets of technological evolution.It can be posited that,without business model innovation,Moore's Law would cease to exist.In the semiconductor arena,where the first-mover advantage wields immense influence,exclusive focus on“technological breakthroughs”froma technical standpoint would invariably constrict itself within existing technological paradigms,leaving it susceptible to external control.This paper undertakes an in-depth examination of pivotal case studies,particularly that of TSMC and Samsung,two enterprises which transcended1their latecomer status and shattered the“glass ceiling”by embracing“business model innovations.”Through a comprehensive analysis,it introduces and delineates two distinctive avenues of business model innovation:paper“reconstruction of the division of labor system”aand“mismatched demand.”Subsequently,tthe researchini vestigates two more cases,SiEn Integrated Circuits Co.,Ltd.and Changguangg Group,exploring specific business modelinnovation paths,“innovation consortium”and“differentiated demand,”pertinentto latecomer semiconductor companies operating in China.Drawing from these insightsand considering thecurrent international competitive landscape and the ramifications of the COVID-19 pandemic,this paper culminates in the synthesis of eight breakthrough trajectories for latecomer semiconductor firms.These pathways are examined through the lenses of technology paradigms(traditional and emerging),market contextss(globalized and deglobalized),and various types of business model innovation(original and secondary).Furthermore,this research offersa comprehensive analysis and discussion concerning the resources,capabilities,andstrategies,with the ultimate objective of shedding light on the potential“breakthrough”avenuefor China's semiconductor industry.

A Study on the Impact of Enterprise Digital Transformation on Business Model Innovation

Taking knowledge management and entrepreneurial orientation as variables,this study explores the impact mechanism and contextual effects of enterprise digital transformation on business model innovation,based on organization reform theory and the knowledge-based view.The findings show that digital transformation has a significant and positive impact on business model innovation,that knowledge management plays an intermediary role in the impact of digital transformation on business model innovation,and that compared tolow-level entrepreneurial orientation,high-level entrepreneurial orientation strengthens the relationship between digital transformation and knowledge management,and weakens therelationship between knowledge management and business model innovation.

Big Data Capability,Knowledge Dynamic Capability,and Business Model Innovation:The Moderating Effect of Innovation Legitimacy

Based on dynamic capability theory and legitimacy theory,a theoretical model is constructed to examine how big data capability,through the mediation of knowledge dynamic capability,drive business model innovation under the moderation effect of innovation legitimacy.The eanalys is isconducted using regression analysis and fuzzy set qualitative comparative analysis(fsQCA)on survey data from 302 enterprises that have already implemented big data application practices.The study finds the following four conclusions.(1)Big data capability has a significant positive impact on business model innovation.(2)Dynamic knowledge capability partially mediates the relationship between big data capability and business model innovation.(3)Innovation legitimacy positively influences business model innovation and positively moderates the relationship between big data capability and businessmodel innovation.(4)Through further qualitative comparative analysis,two causal paths that influence business model innovation are identified.

Corporate Social Capital and Business Model Innovation： The Mediating Role of Organizational Learning

Existing studies demonstrate that corporate social capital can not only enable a firm to gain access to heterogeneous information and resources, but may also facilitate the establishment of behavioral norms, communication models and mutual-trust platforms with stakeholders in its social network. As a result, corporate social capital drives organizational changes and has the potential to boost business model innovation. This paper recognizes organizational learning as a mediating mechanism that transforms corporate social capital into business model innovation. Using survey data collected from 164 Chinese firms, we tested the relationship between corporate social capital and business model innovation, as well as the mediating effect of organizational learning. Our findings clearly show how corporate social capital flows through organizational leaming efforts to business model innovation.

Co-evolution:A New Perspective for Business Model Innovation

This paper combines the perspective of co-evolution with studies in the area of business model, reveals the phenomenon of business model co-evolution and explores the business model coevolution mechanism between firms through a case study. Findings and what other companies can learn from this study are as follows. Firstly, companies, be it leaders or not, can act as enablers for other party’s business model innovation. Secondly, companies can enable each other’s business model innovation by taking the perspective of business model co-evolution; Thirdly, the interdependence of the business model co-evolution process can be explained by the four levers named novelty, lock-in,complementarity and efficiency. Companies can select novelty, lock-in, complementarity, efficiency or the combination of the four as mediators to achieve business model co-evolution.

Digital financial capabilities and household entrepreneurship

This study investigates the impact of digital financial capabilities on household business ownership and business innovation.Utilising the 2015 China Household Finance Survey(CHFS)data,this paper constructs robust capabilities scores and finds positive associations between digital financial capabilities and household entrepreneurship.After specifying instrumental variables,the results still hold.In addition,we compare the driving forces of the impact through componential dimensions,and discuss the differ-ent function channels that digital financial capabilities affect busi-ness ownership and business innovation.What’s more,we add the interaction term of digital capability and financial capability,illus-trate its role in improving the goodness of fit of the models,and further discuss the interaction effect both generally and at each level of the capabilities scores.Finally,we conduct robustness checks across socioeconomic groups and provide policy implica-tions.This study highlights the different function channels of digital financial capabilities concerning different entrepreneurial activities,as well as the importance of interaction effect in under-standing how digital financial capabilities affect household entrepreneurship.

The Multiple Effects and Mechanism Study of Digitalization on the Performance of Manufacturing Enterprises

This paper establishes indicators to measure the degree of digitalization of enterprises with the text mining method,based on the 2011‒2018 annual report of China’s listed non-high-tech manufacturing companies,and in the resource-based view to investigate how digital resources affect the performance of enterprises during the digitalization process.The empirical results show that digitalization affects enterprise performance through management and sales activities.The impact of management and sales offset each other so that the total impact of digitalization degree on performance is not significant.The study also finds that the scale can strengthen the impact between digitalization and performance,yet the digitalization subsidies will lessen the impact.Generally,China’s non-high-tech manufacturing enterprises are still in the primary stage of digitalization,and the performance of digitalization in business model innovation is canceled out by management imbalance.