8 2-10 hkust eng

Identifying Value Co-creation in Innovation Ecosystems Using Social Network AnalysisInnovation Ecosystems Network,Martha G Russell, Neil RubensAugust 2, 2010

Innovation takes at least two.Team skills are required.There are winners and loosers.
Although people can communicate anywhere, anytime, it’s difficult for anyone to have all the insights necessary at any one time for major decisions on the complex global issues
Innovation is Social

The Knowledge Revolution is here.
What can we learn to improve our play?

http://www.innovation-ecosystems.org
Innovation Ecosystems Network
Martha G Russell, PhD, martha.russell@stanford.edu
Sr. Research Scholar, HSTAR Institute
Associate Director, Media X at Stanford University
Neil Rubens, PhD, neil@hrstc.org
Assistant Professor, Graduate School of Information Systems
University of Electro-Communications, Tokyo
Jukka Huhtamäki, jukka.huhtamaki@tut.fi
Researcher, Lecturer
Hypermedia Laboratory (HLab) of Tampere University of Technology (TUT).
Kaisa Still, PhD, kaisastill@yahoo.com
Knowledge Management Specialist
Beijing DT Electronic Technology Co., Ltd
Mario Gastel, mariogastel@zeelandnet.nl
Graduate student, Texas Advertising, UT Austin
Fulbright Scholar (2009-11)
Jiafeng (Camilla) Yu, camillayu@gmail.com
M.A. in Advertising in Planning Track
The University of Texas at Austin

http://www.flickr.com/photos/ritavitafinzi/2192500407/

“There is no data like more data”
(Mercer at Arden. House, 1985)
“There is no data like more data”
(Mercer at Arden. House, 1985)
Tan, Steinbach, Kumar; 2004
2,000 points
500 Points
8,000 points

Higher Dimensions: Double Edged Sword
More Data is Need
http://wissrech.ins.uni-bonn.de/research/projects/engel/engelpr2/pr2_thumb.jpg
Could be easier to find patterns
http://www.iro.umontreal.ca/~bengioy/yoshua_en/research_files/CurseDimensionality.jpg

Innovation Ecosystems Network
Innovation Ecosystems refer to the inter-organizational, political, economic, environmental, and technological systems through which a milieu conducive to business growth is catalyzed, sustained, and supported.
A dynamic innovation ecosystem is characterized by a continual realignment of synergistic relationships of people, knowledge, and resources that promote harmonious growth of the system in agile responsiveness to changing internal and external forces.
Optimizing the impact of investments made by stimulus programs and public and private stakeholders is a quest shared by developers around the world.
A clear understanding of how to invest local resources for global participation that will accrue benefits to the local area has yet to be fully articulated, and metrics to measure interim progress are greatly needed. IEN aims to fill this void.

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Innovation Ecosystems
Dataset
35,000 companies include:
Sectors: Advertising, biotech, cleantech, consulting, ecommerce, enterprise, games_video, hardware, legal, mobile, network_hosting, public relations, search, security, semiconductor, software, web, other firms serving these.
Investment profiles from Ltd to public, financing rounds identified
Merger & Acquisition profiles
Neil Rubens, Kaisa Still, Jukka Huhtamaki, Martha G. Russell “Leveraging Social Media for Analysis of Innovation Players and Their Moves”
Technical Report. Media X, Stanford University, Feb.2010.

# of Companies
# of People

Models of Innovation
From organizations to single users to networked individuals
eClusters
?

The Place for Innovation
From localized to regional to virtual shared spaces
Innovation Acceleration
Networks
?

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Number of US Technology-based companies
By sector, Dec 2009

Need for Updating
Regional technology-based economic development
“The global map of businesses is increasingly dominated by geographically concentrated groups of companies and related economic actors and institutions”
The Use of Data and Analysis as a tool for cluster policy, Green Paper on international best practices and perspectives prepared for the European Commission, November 2008
“Members of a cluster can be sometimes located worldwide, but linked through information and communication technologies… the term e-cluster is used”
Danese, Filippini, Romano, Vinelli 2009
“Technological trends are causing a change in the way innovation gets done in advanced market economies”Baldwin & von Hippel November 2009, Harvard Business School Working Paper 10-038
“Recognizing that a capacity to innovate and commercialize new high-technology products is increasingly a part of the international competition for economic leadership, governments around the world are taking active steps to strengthen their national innovation systems”Understanding Research, Science and Technology Parks: Global Best Practices, National Research Council of the National Academies, Report 2009

Distance
Old
New

The New Organizational Chart

Relationship Interlocks
Executives and key employees
Transfer of technologies and knowledge, professional networks, business culture, value-chain resources
Directors
US Fortune 500 firms interlocked (shared directors) with average 7 other firms
Corporate governance embedded and filtered through social structures
Executive compensation, strategies for takeovers, defending against takeovers
Gerald F. Davis, “The Significance of Board Interlocks for Corporate Governance,” Corporate Governance 4:3, 1996
Investors and service providers
Awareness of external forces, competitive insights, resource leverage
Relationship interlocks provide
Social relationship “filter” for governance, information flow & norms
Transfer of implicit and explicit know-how
Mental models
http://fusionenterprises.ca/Business_Training.php

The new maps may be based on the connections - rather than on distance.

CleanTech
Kaisa Still, Neil Rubens, JukkaHuhtamäki, and Martha G. Russell ,
“Networks of Executive Women in Technology-Based Innovation Ecosystems,” Technical Report , Media X, Stanford University, May.2010.

BioTech

PR

Web

Roles
CTOs
Investors
CMOs
Founders

Question?
What interlock patterns characterize investments into technology-based companies being made by Chinese investment firms?
How are these patterns similar or different to those made by the rest of the world into China?
http://4.bp.blogspot.com/_qFju91K89HM/SxRpABd1DTI/AAAAAAAABjw/6LaSJfjfk-I/s1600/Unexpected_Guests.jpg
http://successbeginstoday.org/wordpress/wp-content/unexpected2.jpg

Context of Investments in/from China
Socially constructed dataset, in English, openly available– all challenges in China
Innovation Ecosystems Dataset:
323 technology-based companies with one or more locations in China
42 Chinese, 77 foreign investment firm
Investment into China US$ 5.4 B
Investment originating from ChinaUS$ 3.1 B
Insights explored:
The flow of financial resources into and out of China
More illustrative than descriptive/prescriptive results
NodeXL, Tableau
Innovation Ecosystem Network

Initial Data Analysis:
53% (113) of the Chinese companies from eCIS business sector
50 % (66) of the foreign companies are from the eCIS business sector
Toward Insights about:
Patterns and differences in the characteristics of investment flows into and from China
More Specific: Context of eCIS sectoreCommerce and electronic security=eCommerce, software search, network hosting, mobile, games &video, enterprise

HARVESTInvestments from Chinese (making investments)

CULTIVATIONInvestments into China (receiving investments)

Network metrics

Emerging Chinese business clusters linked by investment firms

Cultivation / Harvesting modes - value co-creation
Chinese interlocks at the investment firm level
Government-led investment firms
Knowledge of government guarantees
Investments in firms that return benefits to China
Global interlocks at both investment firm and enterprise levels
Opportunity network & value co-creation
http://successbeginstoday.org/wordpress/wp-content/unexpected2.jpg
Topline Findings

http://www.flickr.com/photos/manpsing/2618332693/
http://www.fabcats.org/owners/feeding/info.html
Passive Learning
Active Learning
FURTHER RESEARCH
Personal relationships/opportunity networks
Time series analysis
Expansion of data
Chinese language press releases
Chinese business registries

Innovation Ecosystems Network Regional Studies with Global Perspective
China, Norway, Finland

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Discussion
Data, Tools, Questions
www.innovation-ecosystems.org

8 2-10 hkust eng

by Martha Russell on Aug 11, 2010

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8 2-10 hkust eng — Presentation Transcript