Jinhyo Joseph Yun

DGIST & Open Innovation academy · Open Innovation and Business Model Rearch Group/ Graduate School of Public Administration

The digital transformation can serve as a window of opportunity for those late-comers who are equipped with the capability to create complementary assets for grabbing new opportunities of technological leapfrogging as a way of catch-up while penalising the forerunner. In this context, we want to answer the following research question. Is there any...

CONTENTS Praise for the Book .................................................................................. ix About the Editor and Contributors ...................................................... xi Preface ..................................................................................................... xx All Chapters by Jinhyo Jose...

This collection on ‘Open Innovation and Catch-Up: Globalist or Localist?’ is introduced with an appreciation of three key transitions for spatial development today, viewed through seven comparative case analyses from Asia, the US and Europe. ‘Institutional path dependence’ is the first issue. The second has been ‘hyperglobalization’ now under moder...

If any firm or agent makes decisions under inter-rationality, which is a kind of bounded rationality in open innovation dynamics, it would not stop growing at a certain point of the reverse-U curve, but grow continuously following a zigzag pattern. In this study, we examine whether there is any relation between open innovation and sustainable econo...

In this study, we seek to examine the success factors of the classical common goods of various capitalist economies and to apply them to diverse platforms that appear as new common goods. Our research question is as follows: Are there any common success factors that can be applied to produce and use common goods across economic conditions? With the...

The understanding of smart payment industry in the financialization under digital transformation will be the clue to capture the future directions and dynamics of modern capitalism economy. Is there any differences in smart payment industry according to capitalist economy condition among Daegu, Cardiff, and Nanjing ? By answering to this research q...

ABSTRACT This study aims to answer the following research question: What is the difference in the open innovation and multi-homing of the smart delivery industry among Cardiff, Daegu, and Nanjing according to the maturity of the restaurant industry of the capitalist economies they belong to? By comparing open innovation and multi-homing of delivery...

This study reviews Thomas Piketty’s Capital and Ideology and provides a detailed analysis to aid understanding of the book, combined with diverse scholars’ perspectives in the fields of economic history, political economics, and social sciences. This book is selected as my review target to answerthe following research question, “How do we conquer t...

: This study explored the differences in the effects of collective intelligence and references on open innovation between open and closed access journals. This study analyzed the moderating effect of references on the motivation of collective intelligence on open innovation from 2003 to 2006 and 2013 to 2016, considered to be the digital transforma...

Even though global markets are transferring from offline to online, offline sales are rapidly increasing in two top global furniture firms in Korea and Japan each—IKEA and Nitori. This study aims to answer the following research question: ‘What are the differences and similarities between IKEA and Nitori in the open innovation dynamics of furniture...

After more than 100 years since the emergence of the dominant design of the bicycle, diverse electronic bicycles are emerging in the e-bike industry. We aim to answer two questions: 1) How is the electronic bicycle evolving and what is its dominant design? 2) What is the difference in the evolution and appearance of the dominant design of the elect...

With the popularity of artificial intelligence, big data and Internet of Things, business nowadays is featured with technology advancement, open innovation and collaboration. This happens particularly in the manufacturing sectors, known as the Industrial 4.0 or the 4th Industrial Revolution. Alongside this trend, there is also a movement towards se...

This study aims to answer the following research question: Is there any difference in the effects of collective intelligence on the open innovation between before (2001–2005) and after (2011–2015) of the introduction of smartphones and crowd web services regarding electronics and mathematics? The research method of this study includes multiple regr...

We aim to develop an innovative way to alter existing business models to conquer the growth limits of exponential paradox by applying the open innovation concept to the design of creative business models. Our research question is as follows: How can we innovate existing business models more easily based on our own thinking experiment at the role-pl...

Culture, in its various forms, has always been a critical driver of innovation. This paper focuses on generating some insights into the role of "culture for open innovation dynamics". First, because the requirement to understand culture, which can control open innovation complexity, has been augmented, we want to answer the following research quest...

Research Question: Open innovation and the open business model exaggerate complexity (a transaction cost) in addition to the realization of emergence and its lock-in. Within a short period, Alibaba has become one of the global top e-commerce companies with several open innovation business models. Our research question was: "How could Alibaba become...

As engineering is required to answer directly and more heartily than before the requirement of society and markets, we want to answer the following questions. What kind of open innovation channels exist, and how can these channels operate as a knowledge funnel to conquer the growth limit of capitalism in the 4th industrial revolution? At first, we...

This paper discusses dynamics and di�erences of business models in the car-sharing industry and focuses on open innovation as the trigger of diverse business models among Uber in the U.S., DiDi Chuxing in China, and KakaoT in Korea. We seek to answer the following two questions: What creates the di�erences in the business models of the car-sharing...

This paper investigates the role of open innovation in the success of restaurants. Our research questions are as follows. Is open innovation a rational strategy for a small restaurant to attract and maintain customers? Which open innovation strategies should a small restaurant use? We constructed our research model of open innovation ecosystem of r...

Accelerated (manmade) climate change, and its accompanying waste and resource depletion are triggering an unprecedented serious human and ecological crisis. As a result, climate scientists are increasingly stressing the urgent need for human behaviours associated with consumption to significantly change before the planet reaches an ecological tippi...

With the advent of the Fourth Industrial Revolution, the role of entrepreneurs has become more crucial than ever. As a result, an open innovation model is suggested here that can promote serial entrepreneurs by answering the following question: "How does the serial entrepreneur in open innovation conditions continuously identify business opportunit...

Responding to the lack of empirical research on the effect of collective intelligence on open innovation in the fourth industrial revolution, we examined the relationship between collective intelligence and open innovation. Collective intelligence or crowd innovation not only produces creative ideas or inventions, but also moderates any firm to inn...

Abstract: Currently, the world economy is approaching a near-zero growth rate. Governments should move from a market-failure-oriented to a system-failure-oriented approach to understanding this problem, and transform to an entrepreneurial state to motivate the Schumpeterian dynamics of open innovation. We want to answer the following research quest...

The Center of Intelligent Society and Policy (CISP) has extensive work in studying the government's role with respect to digital inclusion and smart cities; has hosted symposiums and conferences; and has collaborated with multiple domestic and international research institutions. Based on the extensive work in digital government, the CISP hosts dg....

This paper explores how sustainability can be achieved through open innovation in the current 4th industrial revolution. Through a literature and practice review, we identify micro-and macro-dynamics of open innovation in addition to the dynamic roles of industry, government, university, and society. In particular, the industry continuously adopts...

This paper investigates the role of business models: What differences exist between the roles of an already-existing market-based converted industry and a newly appearing market-based emerging industry? This study analyzed the status of the technologies and business models in the autonomous car and intelligent robot industries, as well as their rec...

The world economy is changing dynamically with the expansion of information technology(IT). The change is not only happening at the technology industry level itself; other industries are also being disrupted with the appearance of smart factories, autonomous cars, smart e-commerce, and the like. This paper preliminarily anlyses the economic effects...

As people pay attentions to social innovation as the source of innovative ideas and the repository of new business models, this study poses the following research questions: How does a social open innovation succeed? What is the success factor of social open innovation? What are the successful dynamics of social open innovation? This article select...

This study addresses the following matters: What is the structure and mechanism of modern capital economic dynamics that motivates the growth limits of capitalism? The modern economy can be modeled as Entrepreneurial Cyclical Dynamics of Open Innovation with three sub-economies such as market open innovation by SMEs and start-ups, closed open innov...

In the age of knowledge-based economies, open innovation has increasing importance. This study aimed to explore the architectural design approaches that can revitalize innovation activities in the era of knowledge-based economies. This paper investigated global case research campuses, manufacturing systems, and innovation districts where architectu...

With the advent of the Fourth Industrial Revolution, the Korean industrial environment has been rapidly changing. As a result, several industries are facing different innovation conditions, including: the automotive industry, which is a traditional manufacturing industry in Korea; the aerospace industry, which has been vertically integrated, and ha...

Abstract: Since Klaus Schwab and the World Economic Forum declared the arrival of the Fourth Industrial Revolution, there has been much discussion about it. However, there is no commonly agreed-upon definition of the Fourth Industrial Revolution. Therefore, we attempted to answer the following four research questions. “What is the definition of the...

Abstract: The Samsung Galaxy Note 7 has been withdrawn from the market after a number of the devices exploded after its launch in 2016. Our research seeks to answer three questions and proceeds as follows. Did the closed innovation of Samsung trigger the Galaxy Note 7 withdrawal? If so What are the costs and benefits of Samsung’s closed innovation?...

The "Quaternary", possibly more familiarly known as the "Fourth Sector" (4.0 Economy-later we also refer to Web 4.0) refers to "stages of growth" thinking where agriculture is "primary", "manufacturing" is "secondary", routine services are "tertiary" and "knowledge­based services" are "quaternary." These include research (R&D), financial technology...

The world economy is changing dynamically with the expansion of information technology (IT). The change is not only happening at the technology industry level itself; other industries are also being disrupted with the appearance of smart factories, autonomous cars, smart e-commerce, and the like. This paper preliminarily analyses the economic effec...

We answered to the research questions as follows. Has there been any change in the moderating effects of research and development (R&D) between open innovation (OI) and firms’ performance of small and medium enterprises (SMEs) in the South Korean manufacturing sector since the global financial crisis in 2007. And, if so, how about the changes? Firs...

This paper analyzes open innovation approach similarities and differences of James Watt and Steve Jobs-symbolic entrepreneurs of the First and Fourth Industrial Revolutions, respectively. The methodologic approach includes a review of the literature. Firstly, the key characteristics of the First and Fourth Industrial Revolutions are determined by c...

The convergence of technology and the city is commonly referred to as the 'smart city'. It is seen as a possible remedy for the challenges that urbanisation creates in the age of global climate change, and as an enabler of a sustainable and liveable urban future. A review of the abundant but fragmented literature on smart city theories and practice...

Open innovation can motivate individualism through increasing individual creativeness. And Individualism motivates open innovation through individual emergence (see Figure 1). Contrary to this, collectivism reduces the complexity which was motivated by open innovation. But, open innovation decreases collectivism through diverse emergence. Innovatio...

This article looks into dynamics of open social enterprises. We used several research methods—literature review, content analysis and case studies through intensive interviews via semi-structured questionnaire. First, we developed a research framework, expressed as the social open innovation dynamics model through literature reviews on social econo...

The main topic of this paper is the effects of distance between technology and the market, on open innovation. For this, we set up two research questions, as follows: Is there any relation between the distance between technology and the market, and open innovation? If there is, what differences are there in the relation among Fortune 500 companies,...

The purpose of this study is to address the following research question: What is the relationship between open innovation and firm performance? The study built up a research framework with three factors—i.e., open innovation strategy, time scope, and industry condition—to find out the concrete open innovation effects on firm performance. This study...

How do we conquer the growth limits of global capitalist economy? I have studied open innovation and open business model to answer this question nearly for 10 years. The creative 3 books such as Open Innovation (2003), Open Business Model (2006), and Open Service Innovation (2011) from Henry Chesbrough who is the founder of open innovation gave me...

This piece serves as the guest editorial of the Special Issue on the ‘Open Innovation in Value Chain for Sustainability of Firms’. Firstly, this editorial piece asks whether it is possible for firms to sustain their performance forever. Then, it reviews the popular literature on the value chain. Afterwards, it develops a research framework for open...

We study the economic effects of open innovation, which has been recognized as an economic phenomenon and economic paradigm that surpasses the management strategies of individual enterprises. First, we look into limited open innovation phenomena such as long tail phenomena and App Store. Next, the economic characteristics of open innovation have be...

This chapter explores the contents and channels of open innovation (OI) in small and medium enterprises (SMEs) that operate in emerging or growing technological industries in South Korea. Through case studies, this chapter presents concrete contents and channels of open innovation of SMEs. Many studies already have shown the channels and contents o...

This paper first explains and demonstrates the emergence of open innovation. We also show the structure of open innovation among manufacturing firms and service firms. Last, we show the four factors of open innovation of small- and medium-sized enterprises (SMEs). Third, we look into the open innovation of small and medium enterprises. Fourth, we e...

This chapter looks into the relationships among open innovation (OI), entrepreneurship, and the introduction of new business models (BMs) based on case studies of information technology firms at Daegu and Seoul in Korea and in Indonesia. Subsequently, this chapter will develop a perspective on the relationship between open innovation and business m...

We created conceptual models that might be used to analyze and forecast the dynamic effects of open innovation. We then applied these models to the smartphone sector using a model-based analysis approach. In addition, we built an open innovation simulation model for the smartphone sector. The dynamic model of open innovation will link logic and con...

This chapter has five goals. The first of these is to look into the relationship between open innovation (OI) and business models (BMs). Second, it seeks to analyze business models as a combination of technology and the market. Third, it will explain the four perspectives of business models from OI knowledge funnel. The fourth is to understand the...

This chapter explores cases which exemplify the development process and methods of engineer open innovation (OI)-based business models (BMs). To provide an introduction to engineer open innovation business models, three cases, i.e., that of Elon Musk with Tesla Motors and SpaceX, that of Larry Page and Sergey Brin with Google, and that of Steve Job...

The first purpose of this chapter is to understand the modern economy from the perspective of the technology and the market. The second and main purpose is to find ways to conquer the growth limits of capitalism by connecting and combining the technology and the market. Based on existing studies of the growth limits of capitalism by Marx and Schump...

The use of purposive inflows and outflows of knowledge to accelerate internal innovation and to expand the markets by external use of innovation has recently become essential not only in business strategies but also national policies. According to a literature review, open innovation policies should have three aspects, namely, knowledge and technol...

This chapter discusses cases and the development processes and methods for social entrepreneur open innovation (OI)-based business models (BMs). To start, two business model cases for social entrepreneurs are introduced. Afterward, the five steps in the social entrepreneur business model circle are explained with key factors and templates.

The present study is intended to define and clarify the necessary open innovation and business model conditions for the sustainable growth of SMEs (small and medium-sized enterprises). Initially, we create the open innovation and business model conditions for the sustainable growth of SMES. We devise four different conditions for effective business...

This chapter discusses cases and the development process and methods for customer open innovation-based business models (business models). Here, two cases of customer business models are introduced, followed by a detailed explanation of each of the five steps in the customer business model circle, with key factors and templates provided.

This chapter looks into the relationship among open innovation (OI), entrepreneurship, and introduction of a new business model (BM) based on case studies of information technology firms in Daegu and Seoul in Korea and in Indonesia. From this, we develop a perspective about the relationship between open innovation and in two different contexts: bet...

Globalisation is the term most neatly used to define the process of “hollowing-out” of advanced markets by, especially, Asian transplants and their supplier agglomerations. It is, by the twenty-first century’s teenage era (i.e. 2012-2019) a widespread concern of international political economy and politics. Hence, having largely undermined the hith...

This paper analyses the dynamics of platform business models as an entrepreneurial ecosystem and its effects on regional development. Here, we seek to answer the following research questions: (1) What effects do platform business models have on regional development? (2) What factors and structures affect the dynamics of platform business models? (3...

This book reveals how open innovation utilizes the developing circle of business models to establish new ones that define a unique link between technology and markets, focusing on how to develop and maintain successful business models. It draws readers into the philosophy and economic effects of open innovation from the outset. It presents four dif...

We created conceptual models that people may use to analyze and forecast the dynamic effects of open innovation, which we applied to the smartphone sector using a model-based analysis approach. In addition, we built an open innovation simulation model for the smartphone sector. The dynamic model of open innovation linked logic and concepts relating...

We propose an international economic agenda to overcome the growth limits of capitalism that can be supported by the United Nations. Sustainable Environment based global goals should be added to sustainable economy. For this, we propose dynamic balance between three sub-economies such as open innovation, closed innovation, and social innovation sub...

The main objective of this article is to answer the question: How does one make a ‘new’ business model framework in a knowledge-based economy? In an effort to advance this issue, we built a research framework based on literature reviews. In addition, we performed social experiments at DGIST during 2011–2015 to arrive at a new business model framewo...

In relation to the development of a capitalist economy, some urban regions have reached the limit of their economic growth and actually physically declined as a result. However, we believe that, throughout history, the construction of a great gathering space has always pushed the boundaries (Townsend, 2014). To overcome these recent obstacles, citi...

User innovation is a new economic paradigm that has the ability to create a new engine for social and economic development. Furthermore, many users are not limited to their role as a user but evolve into business starters, thus becoming user entrepreneurs. This study aimed to reveal the important factors of successful user entrepreneurship by close...

While open innovation has become a popular strategy to enhance innovation in firms, open innovation in the context of entrepreneurship is not yet well understood. Particularly in small- and medium-sized enterprises (SMEs), the necessity of understanding the role of entrepreneurship combined with open innovation is much greater. This research focuse...

Open Innovation means that valuable ideas can come from inside or outside the company and can go to market from inside or outside the company as well (Chesbrough, 2006). This concept is a decade old and is still alive and thriving concept that we need to integrate it into the broader stream of innovation literature focusing on collaboration with ex...

What do we need for sustainable artificial intelligence that is not harmful but beneficial human life? This paper builds up the interaction model between direct and autonomous learning from the human’s cognitive learning process and firms’ open innovation process. It conceptually establishes a direct and autonomous learning interaction model. The k...

The way people innovate and create new ideas and bring them to the market is undergoing a fundamental change from closed innovation to open innovation. Why and how do firms perform open innovation? Firms' open innovation is measured through the levels of firms' joint patent applications. Next, we analyze network structures and characters of firms'...

The way people innovate and create new ideas and bring them to the market is undergoing a fundamental change from closed innovation to open innovation. Why and how do firms perform open innovation? Firms’ open innovation is measured through the levels of firms’ joint patent applications. Next, we analyze network structures and characters of firms’...

The way people innovate and create new ideas and bring them to the market is undergoing a fundamental change from closed innovation to open innovation. Why and how do firms perform open innovation? Firms’ open innovation is measured through the levels of firms’ joint patent applications. Next, we analyze network structures and characters of firms’...

This study was initially motivated by the current capitalistic trend of consistently decreasing economic growth despite the increase of R & D investment. The authors were also interested in the globally escalated economic uncertainty in the period of stagnant economic growth. By focusing on these economic trends, this study aims to propose a novel...

Purpose The purpose of this paper is to explore the ideological foundation of open innovation strategies and the open business model, which are appearing as new industrial paradigms based on information technology (IT). Design/methodology/approach First, this paper examined the ideological foundation of Deleuze, Whitehead, and Popper. Next, Taoism...

This study wants to compare the distance between technology and market among Fortune 50 firms, Non 500 firms, Start-ups, Laboratory, and University. The distance between technology and market is measured by the breadth of open innovation in R&D step, the ratio of co application patents, and the depths of open innovation in R&D step, the intensity o...

This paper looks into dynamics of open social enterprises. First, we developed a research framework, expressed as the social open innovation dynamics model, through a literature review on the following concepts: social economy, sharing economy, collaborative innovation, open innovation and social enterprise. Second, we applied the research framewor...

The purpose of this study is to address the two following issues. What are the causes behind the difference in the effects of open innovation such as the different points on the inverted-U curve? What is the difference of the open innovation effect according to the situations in which firms are located? Depending on the specific size of the firm ex...

We want to answer to following questions. How about the difference of open innovation level before and after of world economy crisis? How about the difference of firms performance before and after of world economy crisis? How about the difference of open innovation level and performance between service industry and manufacturing industry?

This study was initially motivated by the current capitalistic trend of consistently decreasing economic growth despite the increase of R & D investment. The authors were also interested in the globally escalated economic uncertainty in the period of stagnant economic growth. By focusing on these economic trends, this study aims to propose a novel...