A1 Journal article (refereed)
Fashion-driven Textiles as A Crystal of A New Stream for Stakeholder Capitalism : Amazon’s Endeavor (2020)
Watanabe, C., Akhtar, W., Tou, Y., & Neittaanmäki, P. N. (2020). Fashion-driven Textiles as A Crystal of A New Stream for Stakeholder Capitalism : Amazon’s Endeavor. International Journal of Managing Information Technology, 12(2), 19-42. https://doi.org/10.5121/ijmit.2020.12202
The research was funded by Strategic Research Council at the Research Council of Finland.
JYU authors or editors
Publication details
All authors or editors: Watanabe, Chihiro; Akhtar, Waleed; Tou, Yuji; Neittaanmäki, Pekka Neittaanmäki
Journal or series: International Journal of Managing Information Technology
ISSN: 0975-5926
eISSN: 0975-5586
Publication year: 2020
Volume: 12
Issue number: 2
Pages range: 19-42
Publisher: Academy & Industry Research Collaboration Center
Publication country: India
Publication language: English
DOI: https://doi.org/10.5121/ijmit.2020.12202
Persistent website address: https://aircconline.com/abstract/ijmit/v12n2/12220ijmit02.html
Publication open access: Openly available
Publication channel open access: Open Access channel
Publication is parallel published (JYX): https://jyx.jyu.fi/handle/123456789/75400
Abstract
In the digital economy, the fashion industry is in the midst of global dynamic change stimulating volatility, velocity, variety and dynamism, which necessitate a digital solution.
Digital business leader Amazon has succeeded in constructing an R&D-driven disruptive businesss model. This can be attributed to a virtuous cycle among user-driven innovation, advancement of the Internet, co-emergence of soft innovation resources, and activation of a self-propagating function leading to supra-functionality satisfying user preferences.
Given a timely digital solution, the fashion industry reinforces this cycle which, in turn, advances the solution. Thus, broad stakeholder involvement betting on a higher level of R&D expecting the future prospects of the industry can be expected.
Based on a co-evolution analysis of the development trajectories of Amazon and the fashion industry, an insightful suggestion paving the way to stakeholder capitalism, essential for global business leaders, is thus provided.
Keywords: fashion; fashion sector; clothing industry; socioeconomic factors; economic growth; electronic business; business models; stakeholder groups; volatility (societal properties); dynamic nature; capitalism
Contributing organizations
Related projects
- Platform Value Now: Value capturing in the fast emerging platform ecosystems
- Watanabe, Chihiro
- Research Council of Finland
Ministry reporting: Yes
Reporting Year: 2021
JUFO rating: 0