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Digital Innovation Networks: Theory Building and Future Research

In: Proceedings of the 8th International Conference on Financial Innovation and Economic Development (ICFIED 2023)

Author

Listed:
  • Yongquan Hu

    (Zhejiang Gongshang University, School of Management
    Zhejiang Gongshang University Hangzhou College of Commerce)

  • Ningning Xu

    (Zhejiang Gongshang University, School of Management)

Abstract

Properties such as convergence of digital innovation that change the relationships, structures, and modes of interaction between innovation agents have initiated challenges to existing innovation network theories and have led to thinking about digital innovation networks. This paper classifies digital innovation networks into two representations (digital innovation networking and digital of innovation networks) to better illustrate what is relevant to digital innovation networks. Digital innovation networking aims to facilitate the initiation, development, and application of digital innovation, and this innovation network, formed around the digital subject, continues the basic characteristics of convergence, generativity, and modularity of digital innovation. Innovation network digitalization is the result of the embedding of digital connectivity and digital convergence among innovation agents, which leads to the digital transformation of subjects, structures, etc. within innovation networks. The two forms of performance penetrate and promote each other, which changes the way in which the value of the innovation subject is created and promotes the overall enhancement of innovation effectiveness. Finally, the paper presents the main research findings.

Suggested Citation

  • Yongquan Hu & Ningning Xu, 2023. "Digital Innovation Networks: Theory Building and Future Research," Advances in Economics, Business and Management Research, in: Yushi Jiang & Guangming Li & Wilson Xinbao Li (ed.), Proceedings of the 8th International Conference on Financial Innovation and Economic Development (ICFIED 2023), pages 552-561, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-142-5_62
    DOI: 10.2991/978-94-6463-142-5_62
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