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dc.contributor.author Yun, Jinhyo Joseph ko
dc.contributor.author Zhao, Xiaofei ko
dc.date.accessioned 2021-01-22T07:24:06Z -
dc.date.available 2021-01-22T07:24:06Z -
dc.date.created 2020-11-19 -
dc.date.issued 2020-12 -
dc.identifier.citation Journal of Open Innovation: Technology, Market and Complexity, v.6, no.4, pp.131 -
dc.identifier.issn 2199-8531 -
dc.identifier.uri http://hdl.handle.net/20.500.11750/12751 -
dc.description.abstract We aim to develop an innovative way to alter existing business models to conquer the growth limits of exponential paradox by applying the open innovation concept to the design of creative business models. Our research question is as follows: How can we innovate existing business models more easily based on our own thinking experiment at the role-place of ourselves in the open innovation knowledge funnel? We built a rectangular compass concept model and carried out social experiments with it for 3.6 years from November 2014 to May 2019 by developing 17 business model patents to validate the model. The rectangular compass concept model has four aspects: over-shooting of modern business models, expanding the bottom of modern business models, cultivating the forward neighborhood of modern business models, and cultivating the backward neighborhood of modern business model. According to our study, open innovation, which is based on a new combination between technologies (protected technology, protectable technology, and social technology) and market (now market, potential market, and social market), is the engine of sustainable business model innovation dynamics. © 2020 by the authors. Licensee MDPI, Basel, Switzerland. -
dc.language English -
dc.publisher MDPI AG -
dc.title Business model innovation through a rectangular compass: From the perspective of open innovation with mechanism design -
dc.type Article -
dc.identifier.doi 10.3390/joitmc6040131 -
dc.identifier.scopusid 2-s2.0-85095817179 -
dc.type.local Article(Overseas) -
dc.type.rims ART -
dc.description.journalClass 1 -
dc.contributor.localauthor Yun, Jinhyo Joseph -
dc.identifier.citationVolume 6 -
dc.identifier.citationNumber 4 -
dc.identifier.citationStartPage 131 -
dc.identifier.citationTitle Journal of Open Innovation: Technology, Market and Complexity -
dc.type.journalArticle Article -
dc.description.isOpenAccess Y -
dc.subject.keywordAuthor Bounded rationality -
dc.subject.keywordAuthor Business model -
dc.subject.keywordAuthor Mechanism design -
dc.subject.keywordAuthor New combination -
dc.subject.keywordAuthor Open innovation -
dc.subject.keywordAuthor Rectangle compass -

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