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 editorsWatanabe, Chihiro; Akhtar, Waleed; Tou, Yuji; Neittaanmäki, Pekka Neittaanmäki

Journal or seriesInternational Journal of Managing Information Technology

ISSN0975-5926

eISSN0975-5586

Publication year2020

Volume12

Issue number2

Pages range19-42

PublisherAcademy & Industry Research Collaboration Center

Publication countryIndia

Publication languageEnglish

DOIhttps://doi.org/10.5121/ijmit.2020.12202

Persistent website addresshttps://aircconline.com/abstract/ijmit/v12n2/12220ijmit02.html

Publication open accessOpenly available

Publication channel open accessOpen Access channel

Publication is parallel published (JYX)https://jyx.jyu.fi/handle/123456789/75400


Abstract

Fashion reflects changes in socio-economic and cultural life which, in turn, changes fashion, and apparel boosts such change. Thus, in response to a shift in people’s preferences from economic functionality to supra-functionality beyond an economic value, the fashion industry has been gaining momentum worldwide.

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.


Keywordsfashionfashion sectorclothing industrysocioeconomic factorseconomic growthelectronic businessbusiness modelsstakeholder groupsvolatility (societal properties)dynamic naturecapitalism


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Ministry reportingYes

Reporting Year2021

JUFO rating0


Last updated on 2024-11-03 at 14:29