A1 Alkuperäisartikkeli tieteellisessä aikakauslehdessä
Fusion of technology management and financing management : Amazon's transformative endeavor by orchestrating techno-financing systems (2020)
Tou, Y., Watanabe, C., & Neittaanmäki, P. (2020). Fusion of technology management and financing management : Amazon's transformative endeavor by orchestrating techno-financing systems. Technology in Society, 60, Article 101219. https://doi.org/10.1016/j.techsoc.2019.101219
Tutkimusta rahoitti strategisen tutkimuksen neuvosto, joka toimii Suomen Akatemian yhteydessä.
JYU-tekijät tai -toimittajat
Julkaisun tiedot
Julkaisun kaikki tekijät tai toimittajat: Tou, Yuji; Watanabe, Chihiro; Neittaanmäki, Pekka
Lehti tai sarja: Technology in Society
ISSN: 0160-791X
eISSN: 1879-3274
Julkaisuvuosi: 2020
Volyymi: 60
Artikkelinumero: 101219
Kustantaja: Elsevier Ltd
Julkaisumaa: Britannia
Julkaisun kieli: englanti
DOI: https://doi.org/10.1016/j.techsoc.2019.101219
Julkaisun avoin saatavuus: Ei avoin
Julkaisukanavan avoin saatavuus:
Julkaisu on rinnakkaistallennettu (JYX): https://jyx.jyu.fi/handle/123456789/67014
Tiivistelmä
Such a rapid increase in R&D and subsequent market value has raised questions about how to conduct R&D and secure a large amount of funds needed for high-risk investments. Amazon has provided hypothetical answers to both of these questions.
Amazon has been conducting innovative R&D to transform routine or periodic alterations into significant improvements during the R&D process and claiming huge expenses for such transformation activities as expenses for R&D.
The company's ample free cash flow generated by sophisticated cash conversion cycle (CCC) management endorsed a large amount of investment for such a high-risk strategy.
Increased R&D induced business advancement and lean cost structure construction leading to a further increase in cash flow has stimulated interactions between vendors, customers, and Amazon via the Amazon marketplace. Activated interaction-accelerated CCC advancement, a subsequent free cash flow increase, and user-driven innovation have thus simultaneously accelerated R&D transformation.
All of these components - R&D transformation and technopreneurial strategy consisting of technology management, as well as marketplace development and CCC-driven cash flow generation consisting of financing management - function together as a consolidated sophisticated machine. Thus, Amazon has succeeded in fusing technology management and financing management by orchestrating all techno-financing systems.
In light of increasing concerns regarding R&D expansion without the dilemma of a productivity decline that most digital economies are now confronting, this paper demonstrates the above hypothetical answers.
Following the authors' preceding analysis of Amazon's unique technology management toward a new concept of R&D in the digital economy, an intensive empirical analysis focusing on the development trajectory of Amazon's techno-financing system over the last two decades was conducted.
An insightful suggestion as to neo-open innovation that fuses technology management and financing management is thus provided.
YSO-asiasanat: uusi talous; tutkimus- ja kehittämistoiminta; innovaatiotoiminta; investoinnit; kassavirta
Vapaat asiasanat: Amazon.com, Inc.
Liittyvät organisaatiot
Hankkeet, joissa julkaisu on tehty
- Alustoista arvoa nyt: arvonluonti nopeasti kasvavissa alustaekosysteemeissä
- Watanabe, Chihiro
- Suomen Akatemia
OKM-raportointi: Kyllä
Raportointivuosi: 2020
JUFO-taso: 1