The Evolution of the Theory of Innovation Ecosystems in the Context of Strategisation
Abstract
Introduction. The theory of innovation occupies one of the leading positions within the modern paradigm of economic development, as innovation is recognised as a driver of productivity improvement and cost optimisation, microeconomic stability, and macroeconomic growth. The determinants of innovation theory have become more profound, forming a synthesis with theories of economic cycles, technological development, entrepreneurship, management, and decision-making. Consequently, the theory of innovation has evolved, and the study of this process provides an up-to-date view of the theoretical foundation of innovation ecosystems.
Aim and tasks. The aim is to systematise the stages of the evolution of the theory of innovation and strategic management and formalise the theoretical foundation of the modern theory of innovation ecosystems in the context of strategisation.
Results. A systematic study of the genesis and ontogenesis of the theory of innovation and anagenesis of the theory of innovation ecosystem in the context of strategisation led to the determination of the characteristics of aromorphosis. Genesis and ontogenesis include the growing complexity of the innovation ecosystem and its adaptability to the changing innovation ecosystem in the long term, the dynamism of the composition of the innovation ecosystem without changing its strategic goals, the need for a second level of adaptation of the strategy of an individual actor within the strategy of the innovation ecosystem and strategic role, and increasing the integration of actors of the innovation process into systemic business processes (planning, organisation, motivation, control). Actors’ joint development within the ecosystem on mutually beneficial terms and possibilities for the strategic expansion of the innovation ecosystem locally and globally were analysed. In addition, the externalities of the development and spread of innovative ecosystems are outlined, and their strategic orientations are formulated.
Conclusions. Due to anagenesis, an innovative ecosystem based on strategising improves adaptive resistance to changes in the external environment. Aromorphosis of an innovative ecosystem within anagenesis makes it possible to consider the properties of adaptation to the changing innovative ecotope as the basis of its theoretical foundation in the long term, the dynamism of the composition of the innovation ecosystem without changing its strategic goals, and the increasing integration of innovation process actors into systemic business processes.
References
Ansoff, І. (1965). Corporate Strategy: An Analytic Approach to Business Policy for Growth and Expansion. McGraw Hill.
Autio, E., & Thomas, L.D.W. (2014). Innovation ecosystems: implications for innovation management? In: M. Dodgson, D.M. Gann, & N. Phillips (Eds.), The Oxford Handbook of Innovation Management (рр. 204-228). Oxford University Press.
Bosch-Sijtsema, P., & Bosch, J. (2014). Aligning innovation ecosystem strategies with internal R&D. In: Proceedings IEEE 2014 ICMIT: 7th International Conference on Management of Innovation and Technology. Singapore, September 2014 (рр. 424-430).
Carayannis, E. G., & Campbell, D. F. J. (2010). Triple Helix, Quadruple Helix and Quintuple Helix and how do knowledge, innovation and the environment relate to each other?: A proposed framework for a trans-disciplinary analysis of sustainable development and social ecology. International Journal of Social Ecology and Sustainable Development, 1(1), 41–69. https://doi.org/10.4018/jsesd.2010010105
Carayannis, E.G., & Campbell, D.F.J. (2009). «Mode 3» and «Quadruple Helix»: toward a 21st century fractal innovation ecosystem. International Journal of Technology Management, 46 (3–4), 201-234.
Chandler, А. (1969). Strategy and Structure: Chapters in the History of American Industrial Enterprise. MIT Press.
Chesbrough, H. (2005). Open Innovation: A New Paradigm for Understanding Industrial Innovation. 10th Anniversary Summer Conference on Dynamics of Industry and Innovation: Organizations, Networks and Systems (рр. 1-12).
Dobzhansky, T., Ayala, F. J., Stebbins, G. L., & Valentine, J. W. (1977). Evolution. San Francisco, CA: W. H. Freeman.
Doz, Y.L., & Kosonen, М. (2010). Embedding strategic agility. Long Range Planning, 43, 370-382.
Etzkowitz, H., & Leydesdorff, L. (1995). The Triple Helix: University–Industry–Government Relations: A Laboratory for Knowledge Based Economic Development. EASST Review, 14(1), 14–19.
Farvest. (2022). Global Startup Ecosystem Report. https://www.farvest.com/2022-global-startup-ecosystem-report-shows-6-4-trillion-in-global-startup-economy-value-creation/
Freeman, C. (1995). The National System of Innovation in Historical Perspective. Cambridge Journal of Economica, 19(1), 5-24.
Gebauer, H., Worch, H., & Truffer, B. (2012). Absorptive capacity, learning processes and combinative capabilities as determinants of strategic innovation. European Management Journal, 30(1), 57-73.
Gloor, P. (2006). Swarm creativity: Competitive advantage through collaborative innovation networks. Oxford University Press.
Holström Olsson, H., & Bosch, J. (2017). From ad hoc to strategic ecosystem management: The «three-layer ecosystem strategy model» (TeLESM). Software: Evolution and Process, 29, 1–24.
Iansiti, M., & Levien, R. (2004). Strategy as ecology. Harvard Business Review, 82(3), 68–81.
Ireland, R. D., & Webb, J.W. (2007). Strategic entrepreneurship: Creating competitive advantage through streams of innovation. Business Horizons, 50(1), 49-59.
Ireland, R. D., Hitt, M.A., & Sirmon, D.G. (2003). A model of strategic entrepreneurship: The construct and its dimensions. Journal of Management, 29(6), 963-989.
Ireland, R. D., Hitt, M.A., Camp, S.M., & Sexton, D.L. (2001). Integrating entrepreneurship and strategic management actions to create firm wealth. Academy of Management Executive, 15(1), 49-63.
Jacobides, M.G., Cennamo, C., & Gawer, A. (2018). Towards a theory of ecosystems. Strategic Management Journal, 39(8), 2255-2276.
Lundvall, B.-A. (Edit.) (1992). National Systems of Innovation Towards a Theory of Innovation and Interactive Learning. Pinter Publishers, London.
Markides, C. (1997). Strategic Innovation. Sloan Management Review, 38(1), 9-23.
Mathews, J. A. (2010). Lachmannian Insights into Strategic Entrepreneurship: Resources, Activities and Routines in a Disequilibrium World. Organization Studies, 31(2), 219-245.
Moore, J. (1993). Predators and Prey: A New Ecology of Competition. Harvard Business Review, 71(3), 75-86.
Nag, R., Hambrick, D.C., & Chen, M.-J. (2007). What is strategic management, really? Inductive derivation of a consensus definition of the field. Strategic Management Journal, 28, 935-955.
Nelson, R., & Winter, S. (1982). An Evolutionary Theory of Economic Change. Harvard University Press.
Nonaka, I. (1994). A dynamic theory of organizational knowledge creation. Organization Science, 5(1), 14–37.
Plaksiuk, O., Horvatova, V., & Yakushev, O. (2023a). Human capital as a factor of increasing the efficiency and competetiveness of the company. Academy review. 1(58), 160 – 174. https://doi.org/10.32342/2074-5354-2023-1-58-12
Plaksiuk, O., & Pankova, L. (2024). Capitalization of intellectual potential: Educational and managerial aspect. Academy Review, 1(60), 36–49. https://doi.org/10.32342/2074-5354-2024-1-60-3
Plaksiuk, O., Prodanova, L., Yakusheva, O., Nagaichuk, N., Prikhno, I., & Jakubčinová, M. (2023b). Human capital as a factor of socio-economic development of the state: the main trends of the Slovak Republic. Financial and Credit Activity Problems of Theory and Practice, 5(52), 283–298. https://doi.org/10.55643/fcaptp.5.52.2023.4150
Porter, M. (1998a). Clusters and Competition: New Agendas for Companies, Governments, and Institutions. Harvard Business School Working Paper № 98-080.
Porter, M. (1998b). Clusters and the new economics of competitiveness. Harvard Business Review, 76(6), 77–90.
Porter, М. (1980). Competitive Strategy. Free Press.
Romer, P.M. (1986). Increasing Returns and Long-Run Growth. The Journal of Political Economy, 1002-1037.
Say, J.B. (2001). A treatise on political economy; or The production, distribution, and consumption of wealth. https://socialsciences.mcmaster.ca/econ/ugcm/3ll3/say/treatise.pdf
Schumpeter, J.A. (1934). The Theory of Economic Development: An Inquiry into Profits, Capital, Credit, Interest, and the Business Cycle. Harvard University Press.
Smith, A. (1904). Of the Division of Labour. An Inquiry into the nature and Causes of the Wealth of Nations. Methuen & Co. http://www.econlib.org/library/Smith/smWN1.html
Sundbo, J. (1995). Three paradigms in innovation theory. Science and Public Policy, 6(22), 399–410.
Telnova, H., Kolodiziev, O., Petchenko, M., Yakushev, O., Shulga, N., & Kochetkov, V. (2023). Foreign trade policy and its impact on economic growth. Financial and Credit Activity Problems of Theory and Practice, 4(51), 345–357.
Valkokari, K., Seppänen, M., Mäntylä, M., & Jylhä-Ollila, S. (2017). Orchestrating innovation ecosystems: A qualitative analysis of ecosystem positioning strategies. Technology Innovation Management Review, 7, 12–24.
Veblen, T. (1995). The Theory of the Leisure Class. Penguin.
Visscher, K., Hahn, K., & Konrad, K. (2021). Innovation ecosystem strategies of industrial firms: A multilayered approach to alignment and strategic positioning. Creativity and Innovation Management, 3(30), 619-631.
Walrave, B., Talmar, M., Podoynitsyna, K.S., Georges, A., Romme, L., & Verbong, G.P.J. (2018). A multi-level perspective on innovation ecosystems for path-breaking innovation. Technological Forecasting and Social Change, 136, 103-113.
If the article is accepted for publication in the journal «Economics. Ecology. Socium» the author must sign an agreementon transfer of copyright. The agreement is sent to the postal (original) or e-mail address (scanned copy) of the journal editions.
