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Addressing societal challenges through the simultaneous generation of social and business values: A conceptual framework for science-based co-creation

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  • De Silva, Muthu
  • Gokhberg, Leonid
  • Meissner, Dirk
  • Russo, Margherita

Abstract

The paper focuses on a key uniqueness of the simultaneous generation of social and business value - across science, technology and society - involving academics, businesses, policy makers, innovation intermediaries, NGOs and citizens that share and integrate assets in developing solutions to address economic and societal challenges.

Suggested Citation

  • De Silva, Muthu & Gokhberg, Leonid & Meissner, Dirk & Russo, Margherita, 2021. "Addressing societal challenges through the simultaneous generation of social and business values: A conceptual framework for science-based co-creation," Technovation, Elsevier, vol. 104(C).
    • Handle: RePEc:eee:techno:v:104:y:2021:i:c:s0166497221000493
    DOI: 10.1016/j.technovation.2021.102268
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    Cited by:

    1. Appio, Francesco Paolo & Capo, Francesca & Annosi, Maria Carmela, 2024. "Not all (innovation) failures are created equal: A typology of companies’ responses to the consequences of innovation failure," Technovation, Elsevier, vol. 130(C).
    2. Meissner, Dirk & Zhou, Yuan & Fischer, Bruno & Vonortas, Nicholas, 2022. "A multilayered perspective on entrepreneurial universities: looking into the dynamics of joint university-industry labs," Technological Forecasting and Social Change, Elsevier, vol. 178(C).
    3. Dipan Kumar Sahu & Sucheta Pawar & Prerna Gaur & Sudhir K. Jain, 2023. "Entrepreneurial Engagement of Faculty in Higher Educational Institutions: A Review of Literature 2011–2023," Paradigm, , vol. 27(2), pages 153-171, December.
    4. Jang, Hyejin & Lee, Suyeong & Yoon, Byungun, 2023. "Data-driven techno-socio co-evolution analysis based on a topic model and a hidden Markov model," Technovation, Elsevier, vol. 126(C).
    5. Roncancio-Marin, Jason & Dentchev, Nikolay & Guerrero, Maribel & Díaz-González, Abel & Crispeels, Thomas, 2022. "University-Industry joint undertakings with high societal impact: A micro-processes approach," Technological Forecasting and Social Change, Elsevier, vol. 174(C).
    6. Rossi, Federica & De Silva, Muthu & Pavone, Pasquale & Rosli, Ainurul & Yip, Nick K.T., 2024. "Proximity and impact of university-industry collaborations. A topic detection analysis of impact reports," Technological Forecasting and Social Change, Elsevier, vol. 205(C).
    7. Nafari, Javid & Honig, Benson & Siqueira, Ana Cristina O., 2024. "Promoting academic social intrapreneurship: Developing an international virtual incubator and fostering social impact," Technovation, Elsevier, vol. 133(C).
    8. Del Giudice, Manlio & Scuotto, Veronica & Papa, Armando & Singh, Sanjay Kumar, 2023. "The ‘bright’ side of innovation management for international new ventures," Technovation, Elsevier, vol. 125(C).
    9. Cecilia Avila-Garzon & Jorge Bacca-Acosta, 2024. "Thirty Years of Research and Methodologies in Value Co-Creation and Co-Design," Sustainability, MDPI, vol. 16(6), pages 1-28, March.
    10. Magdalena Marczewska & Marzenna Anna Weresa & Marek Lachowicz, 2024. "Towards Creativity and Innovation in Universities: Study on Central and Eastern Europe," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(1), pages 1363-1385, March.
    11. Wu, Linfei & Sun, Liwen & Chang, Qing & Zhang, Die & Qi, Peixiao, 2022. "How do digitalization capabilities enable open innovation in manufacturing enterprises? A multiple case study based on resource integration perspective," Technological Forecasting and Social Change, Elsevier, vol. 184(C).
    12. Leonid Gokhberg & Dirk Meissner & Ilya Kuzminov, 2023. "What semantic analysis can tell us about long term trends in the global STI policy agenda," The Journal of Technology Transfer, Springer, vol. 48(6), pages 2249-2277, December.
    13. De Silva, Muthu & Al-Tabbaa, Omar & Pinto, Jonathan, 2023. "Academics engaging in knowledge transfer and co-creation: Push causation and pull effectuation?," Research Policy, Elsevier, vol. 52(2).

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    More about this item

    Keywords

    R&D collaboration; Industry-science linkages; Triple helix; Knowledge triangle co-creation; Social values; Open innovation;
    All these keywords.

    JEL classification:

    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy

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