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Competition of technology standards in Industry 4.0: An innovation ecosystem perspective
Author(s) -
Jiang Hong,
Gao Sipeng,
Zhao Shukuan,
Chen Hong
Publication year - 2020
Publication title -
systems research and behavioral science
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.371
H-Index - 45
eISSN - 1099-1743
pISSN - 1092-7026
DOI - 10.1002/sres.2718
Subject(s) - competition (biology) , industrial organization , competitive advantage , perspective (graphical) , order (exchange) , business , mechanism (biology) , market competition , technology management , economics , marketing , computer science , ecology , philosophy , finance , epistemology , artificial intelligence , biology , market economy
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.