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Full Description
Owing to the convergence of multiple cultures coupled with the unprecedented rapid development in the decades since the late 1990s, the value creation and innovation logic of Asia-Pacific business models (BMs) has been constantly altered by cultural heterogeneity. As a result, a more complex and diverse landscape relative to Western developed economy BMs evolved. Moreover, the digitalization has fundamentally changed the way people do business, which has promoted a new wave of BM evolution. Unlike a typical linear mode of innovation driven by market demands in many Western cultures, a large number of entrepreneurial enterprises from the Asia-Pacific with eastern religions and philosophies have tended to adopt unconventional, culturally grounded strategies of value creation and innovation in their BMs. However, it is difficult to find a Western equivalent to the value-creating route that embodies the humanitarian spirit of Confucianism accommodating simultaneously social and economic values to accelerate innovation during internationalization in existing literatures. This book offers a more holistic picture and contemporary interpretation for identifying and characterizing the unorthodox innovation patterns and the perplexing value-creating logic of Asia-Pacific BMs at the crossroads of diverse cultures. It was originally published as a special issue of the Asia Pacific Business Review.
This book is supported by the National Natural Science Foundation of China (No. 72272136; 71988101).
Contents
1. Introduction—Digital dynamics of Asia-Pacific business models: balancing cultures, innovation and value creation 2. Confucian business model canvas in the Asia Pacific: a Yin-Yang harmony cognition 3. User-driven business model innovation: an ethnographic inquiry into Toutiao 4. Business model innovation amid manufacturers' servitization transformation 5. Unconventional revenue models to capture value from smart services 6. New business models and their government-oriented features 7. The role of business model innovation mix in the transition of contract manufacturers 8. Business model innovation as mediator for the strategic flexibility-performance relationship
