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Institute
Disruptive innovations confront companies with great challenges. Leading companies are losing their market position to disruptive competitors and are forced to react instantly to defend their position in the market. Companies not only lack knowledge of various strategic options that have been successfully used against disruptive attackers, they also do not know about the effects of these different strategic options on their own company. On the basis of a use case analysis, 30 companies were examined with regard to their strategic reaction on a disruptive attacker. In the evaluation of the use cases, the strategic options were grouped into clusters, from which seven master strategies could be identified. These seven master strategies were then transformed into a regulatory framework, which differentiates between reactive and proactive strategies and classifies them according to their intensity. With the help of the identified master strategies, companies will be able to identify options for action in competition with disruptive attackers, thus giving them greater chances of success in the defense of their market position. In addition, companies can use the master strategies to prepare an emergency strategy even before a disruptive attacker appears on the market, thus significantly minimizing the risk of customer loss.
In the course of the advancing digitalization, new business fields are characterized by a mixture of competition and cooperation of the actors involved. MOORE (1993) postulates that in analogy to natural ecosystems, long-term successful companies also operate in comparable network structures. In this context, there are pronounced controversies about the extent to which there are leading actors in such a business ecosystem and to what extent they can control the entire system. Similarly, it is largely unclear where the boundaries of a business ecosystem actually lie and how meaningful selective boundaries are. Especially the extent of the coopetition proves to be characteristic for the relationship between the involved actors. Therefore, the aim of this research approach is to develop a new approach for the analysis of corporate ecosystems. To ensure applicability, the developed approach was validated in a current case study in the telecommunications industry.
The rapid developments in information and communication technology enable new bus iness models that are based on digital platforms. Marketplaces such as Amazon or Airbnb have already adapted this business model to connect previously unconnected supply-side and demand-side to conduct a business transaction via a digital platform. Due to Industrie 4.0 and the rapid technological development that comes with it, digital platforms have entered the market within the area of the mechanical engineering. Different platform types exist, such as marketplaces for machine equipment or digital data platforms for connected machines. Although numerous companies claim to offer platform-based bus iness models, they often lack knowledge on individual business model components. To close this gap, this paper structures a variety of existing platforms based on their detail characteristics. Within this paper, existing typologies of digital platforms from other industry areas are analyzed. Case study research ofplatforms within the mechanical engineering is used to adjust these typologies and create a new one for digital platforms within the mechanical engineering.
The almost boundless possibilities of realizing saving potentials and innovations drive manufacturing companies to implement Business Analytics as part of the digitalization roadmap. The increasing research within the field of algorithm design and the wide range of user-friendly tools simplify generating first insights from data also for non-professionals. However, small and medium sized companies struggle implementing Business Analytics company-wide due to the lack of competencies. Especially the customization of a multitude of analytic methods in order to match a superordinate, business-relevant question is not done easily. This paper enables researchers as well as practitioners to close the gap between business relevant questions and algorithms. From a practical point of view, this paper helps shortening the search time for a suitable algorithm. Out of a research perspective, it aims to help positioning new algorithms within a structured framework in order to enhance the communication of algorithms’ capabilities.
The acquisition, processing and analysis of internal and external data is one of the key competitive factors for corporate innovation and competitive advantage. Many firms invest a significant amount of resources to take advantage of advanced analytics methods. Machine learning methods are used to identify patterns in structured and unstructured data and increase predictive capabilities. The related methods are of particular interest when previously undiscovered and unknown structures are discovered in comprehensive data sets in order to more accurately predict the outcome of manufacturing or production processes based on a multitude of parameter settings. So far, this knowledge is often part of the individual or collective knowledge of experts and expert teams, but rarely explicit and therefore not replicable for future applications. On the one hand, it is demonstrated in this paper how different machine learning algorithms have been applied to better predict the output quality in the process industry. On the other hand, it is explained how the application of machine learning methods could contribute to making previously not accessible process knowledge explicit. In order to increase the prognostic accuracy of the model diferrent methods were combined, later on compared and evaluated within an industrial case. In this paper a comprehensive approach to knowledge-based process engineering is being presented.
Overview: The digital transformation of organizations continues at a frenetic pace. While some companies have achieved trailblazer status, others are finding it difficult to change and therefore are lagging. Digital leaders play a pivotal role in this transition because they can increase the confidence of their organizations behind these often risky and disruptive initiatives. In this article, we present our efforts to i) separate the practices of digitally developing and digitally mature organizations―particularly those of their leaders, ii) determine the specific trust-building actions of digitally mature leaders, iii) develop a scale to measure the human dimensions of digital leaders, and iv) discuss the future development of a reliable scale and self-assessment tool that digital leaders can use to assess their own readiness to accelerate digital initiatives.
To stay competitive, the central challenge for many companies at present is to master the process of transformation in the sense of a fundamental redesign of central processes or even of the entire company. Digitization and the need to redefine and reposition oneself in a sustainable economy are just two examples of the main drivers of this transformation. In this context, the basic question of the fundamental necessity of a comprehensive transformation in the sense of a business transformation no longer even arises for most companies in the age of digital transformation. Instead, the focus is on the question of how companies can manage the complexity associated with the scope of a transformation and the necessary changes in terms of the business strategy and on how to ensure the efficiency and success of the transformation. The challenge is to simultaneously design new structures and systems on the substantive level and also to break up established patterns of behavior.
In an increasingly changing market environment, the long-term survival of companies depends on their ability to reduce latencies in adapting to new market conditions. One strategy to meet this challenge is the anchoring of data-driven decision making, which leads to an increasing use of advanced information technologies and, subsequently, to an increase in the amount of data stored. The complexity of processing these data spurred the demand for advanced statistical methods and functions called Business Analytics. Companies are, despite all promised benefits, overwhelmed with the implementation of Business Analytics as indicated by a failure rate of 65 to 80 %. This paper provides an empirically validated, multi-dimensional model that takes an integrative look at critical success factors for the implementation
of Business Analytics and based on which management recommendations can be generated. For this purpose, constructs of the model are conceptualized, before a structural equation model is developed. This model is then validated with data from 69 industrial partners in the food industry. It is shown amongst others, that the three success factors top management support, IT infrastructure and system quality are pivotal to increase the company performance.
Digitalization is changing the industrial landscape in a way we did not anticipate. The manufacturing industries worldwide are working to develop strategies and concepts for what is labelled with different terms such as the Industrial Internet of Things in the USA or Industrie 4.0 in Germany. Many industrialized economies are driven by the production sector and this sector needs specific approaches and instruments to take up other than those approaches we know from start-ups and ventures coming from Silicon Valley and other places. In this paper, we demonstrate an appropriate approach to transform producing companies in a systematic and evolutionary approach.
In particular, the objective of this paper is to provide results from two initiatives which conceptually build upon each other and are of particular relevance for the production industry. First, we present a global survey on the state of implementation and the future perspectives of the concept Industrie 4.0 from 2016. Findings from this study have forced parts of the German industry to heavily invest into a common approach to accelerate change towards Industry 4.0 in order to stay competitive in worldwide economy. This approach is presented in a second part.
Digitalization offers enormous opportunities not only to optimize operational processes, but also to redefine creative processes, e.g., in the area of innovation. This is becoming increasingly important in light of the fact that innovation is increasingly taking place in ecosystems, which means that an enormous amount of collaboration must be enabled in distributed and interdisciplinary teams. To be successful in this, innovation teams need easy access to the multitude of methods and assistance in selecting the appropriate method for the specific task. To this end, we propose a classification framework that structures methods from innovation management and service design based on higher-level task areas. The framework was developed and evaluated together with several companies. Results were implemented in the form of a playbook that won the red dot design award. [https://link.springer.com/chapter/10.1007/978-3-030-80840-2_22]