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).
Table of Contents
1. Introduction—Digital dynamics of Asia-Pacific business models: balancing cultures, innovation and value creation
Tachia Chin, Qianqian Hu, Chris Rowley and Shouyang Wang
2. Confucian business model canvas in the Asia Pacific: a Yin-Yang harmony cognition
Tachia Chin, Yi Shi, Chris Rowley and Jianwei Meng
3. User-driven business model innovation: an ethnographic inquiry into Toutiao
Li-Chung Chang, Xin Wang, Su-Qun Zhang, Chang-Bin Chen, Zhi-Hong Yuan, Xian-Ju Zeng, Jian-Qi Chu and San-Bing Tsai
4. Business model innovation amid manufacturers’ servitization transformation
Qiang Xu, Jinghui Yu, Jianxin Xu, Guangxi Zhang and Canying Liang
5. Unconventional revenue models to capture value from smart services
Moritz Classen and Thomas Friedli
6. New business models and their government-oriented features
Haixu Bao, Xiao Hu and Lijuan Si
7. The role of business model innovation mix in the transition of contract manufacturers
Tung-Fei Tsai-Lin, Hui-Ru Chi and Yuan-Chieh Chang
8. Business model innovation as mediator for the strategic flexibility-performance relationship
Hongjun Xiao, Zhen Yang and Yelin Hu
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