Work

Competition of technology standards in Industry 4.0: An innovation ecosystem perspective

Year: 2020

Type: article

Abstract: In the era of Industry 4.0, innovation of complex technology systems and the development of intelligent technologies rely on technology standards. Therefore, the competition of technology standards becomes vital for enterprises to gain competitive advantage. In order to help enterprises obtain competitive advantage by adopting the proper strategy in the competition of technology standards, this paper integrates the concept of innovation ecosystem with technology standard competition and develops a mechanism based on Lotka‐Volterra model. In specific, five possible results of technology standard competition are predicted, and corresponding strategic options for enterprises are discussed.

Source: Systems Research and Behavioral Science

DOI: 10.1002/sres.2718

Authors: Hong Jiang, Sipeng Gao, Shukuan Zhao, Hong Chen

Institutions: Jilin University, University of Cambridge, Indiana University East

Language: English

Topic: Digital Platforms and Economics

Subfield: Strategy and Management

Field: Business, Management and Accounting

Domain: Social Sciences

SDG: Industry, innovation and infrastructure

Open Access status: hybrid

Estimated APC paid: $2,900