Yun, Jinhyo Joseph, Liu, Zheng ORCID: https://orcid.org/0000-0001-7240-3501 and Zhao, Xiaofei (2021) Introduction: ambidextrous open innovation in the 4th industrial revolution. Science, Technology and Society, 26 (2). pp. 183-200. ISSN 0971-7218 (Print), 0973-0796 (Online) (doi:10.1177/09717218211006969)

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Abstract

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 servitisation and service innovation. In the financial service sector, FinTech firms, traditional large firms, intermediaries, users and regulators are actively engaged together to develop a smart system of banking, investing and insurance service. Nevertheless, the sector is facing challenges in relation to security, trust and external disruptions. To solve this, first, this article builds an ambidextrous open innovation model with multi-dimensions, which are motivated by the arriving of the 4th Industrial Revolution. Second, this article applies the ambidextrous open innovation model with multi-dimensions to the financial sectors to validate the model basically. Third, this model is applied to several research studies to obtain additional validation of it.

Item Type:	Article
Uncontrolled Keywords:	multi-dimension; ambidextrous open innovation; the 4th industrial revolution; financial sector
Subjects:	H Social Sciences > H Social Sciences (General) H Social Sciences > HD Industries. Land use. Labor H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Faculty / School / Research Centre / Research Group:	Faculty of Business Greenwich Business School > Networks and Urban Systems Centre (NUSC) Greenwich Business School > School of Business, Operations and Strategy
Last Modified:	17 Oct 2024 16:21
URI:	http://gala.gre.ac.uk/id/eprint/46075

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