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Competition of technology standards in Industry 4.0: An innovation ecosystem perspective

Author

Listed:
  • Hong Jiang
  • Sipeng Gao
  • Shukuan Zhao
  • Hong Chen

Abstract

In the era of Industry 4.0, innovation of complex technology systems and the development of intelligent technologies rely on technology standards. Therefore, the competition of technology standards becomes vital for enterprises to gain competitive advantage. In order to help enterprises obtain competitive advantage by adopting the proper strategy in the competition of technology standards, this paper integrates the concept of innovation ecosystem with technology standard competition and develops a mechanism based on Lotka‐Volterra model. In specific, five possible results of technology standard competition are predicted, and corresponding strategic options for enterprises are discussed.

Suggested Citation

  • Hong Jiang & Sipeng Gao & Shukuan Zhao & Hong Chen, 2020. "Competition of technology standards in Industry 4.0: An innovation ecosystem perspective," Systems Research and Behavioral Science, Wiley Blackwell, vol. 37(4), pages 772-783, July.
    • Handle: RePEc:bla:srbeha:v:37:y:2020:i:4:p:772-783
    DOI: 10.1002/sres.2718
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    References listed on IDEAS

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    Cited by:

    1. Li Da Xu, 2020. "Industry 4.0—Frontiers of fourth industrial revolution," Systems Research and Behavioral Science, Wiley Blackwell, vol. 37(4), pages 531-534, July.
    2. Zhao, Yuntong & Du, Yushen, 2021. "Technical standard competition: An ecosystem-view analysis based on stochastic evolutionary game theory," Technology in Society, Elsevier, vol. 67(C).
    3. Yue-Yi Zhang & Han-Ting Zhou & Ijaz Younis & Li Zhou, 2021. "Coupling Coordination Analysis of Technological Innovation, Standards, and Quality: Evidence From China," SAGE Open, , vol. 11(3), pages 21582440211, July.

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