Competition of technology standards in Industry 4.0: An innovation ecosystem perspective. (22nd June 2020)

• Record Type: Journal Article
• Authors: Jiang, Hong; Gao, Sipeng; Zhao, Shukuan; Chen, Hong
• Other Names: Xu Li Da guestEditor.
• Is Part Of: Systems research and behavioral science. Volume 37:Number 4(2020)
• Page Start: 772
• Page End: 783
• Publication Date: 2020-06-22
• Subjects: Industry 4.0 -- innovation ecosystem -- Lotka‐Volterra model -- standard competition -- technology standard; Psychology -- Periodicals; Social sciences -- Periodicals; System theory -- Periodicals; 003
• DOI: 10.1002/sres.2718
• Languages: English
• ISSNs: 1092-7026

Abstract

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.