From Following to Leading:How Latecomers Build a Platform Ecosphere Through the Iteration of Technological Innovation Model
The iteration of technological innovation model is an important path for latecomers to catch up.In the background of platform-based transformation,the process mechanism of latecomers to build platform ecosphere through the iteration of technological innovation model iteration has not been revealed yet.This study takes TGOOD,a latecomer of the power industry,as a case to explore how the latecomer advances the stage of evolution and eventually builds a plat-form ecosphere through the iteration of technological innovation model.It is found that:firstly,the window of opportunity is the external motivation for the latecomer to build a platform ecosphere,the progression of dynamic capabilities is its internal foundation,and the dynamic match between them becomes the key driver for the latecomer to build a platform ecosphere.Second,the window of opportunity and dynamic capabilities drive latecomers to choose their matching technology innovation model,showing the iteration from exploitative to exploratory to leading.Finally,the iteration of technology innovation model drives latecomers to leap from"business single-point breakthrough"to"business cross-border derivation"to"platform ecosphere synergy",accompanied by the transformation of value creation model from"focused value creation"to"derivative value creation"to"synergistic value co-creation".The contributions are as follows:Firstly,the current research on catching up of latecomers mostly focuses on tech-nology catching up.However,insufficient attention has been paid to the technological transformation of latecomers and the advancement of stage evolution through technological innovation.Based on the real situation of the latecomers building platform ecosphere,this study explores the process mechanism for latecomers to achieve"leading",which com-pletes the research on the catch-up path of latecomers.Second,most of the existing studies attribute the stage evolution of latecomers and the construction of the platform ecosphere to a particular aspect of the window of opportunity or manage-ment perception.This study analyzes the evolutionary process of latecomers in building the platform ecosphere from the perspective of the window of opportunity and dynamic capability matching,which deepens the understanding of the enablers of the platform ecosphere evolution.Finally,existing studies mostly explore the dimensions of dynamic capabili-ties at a certain stage or in a specific context.This study regards dynamic capability as a growing capability and provides an in-depth analysis of the dimensions of dynamic capability at each stage of building a platform ecosphere for latecomers,which further enriches the connotation of dynamic capability theory.This study provides practical guidance for latecomers to overcome technological and market disadvantages and build a platform ecosphere.Firstly,the construction of the platform ecosphere needs to be supported by disruptive technologies,and latecomers with market and technological disadvantages cannot carry out disruptive technological innovation at the start-up stage,nor can they afford the high risks it brings.Latecomers can start from the advantageous field,then realize multi-dimensional evolution by extending to the peripheral business,and finally build a platform ecosphere through re-source aggregation.Second,the process of building a platform ecosphere for latecomers should promote the iteration of technological innovation model.It is also important to pay attention to the matching of windows of opportunity and dy-namic capabilities.
platform ecospherelatecomersiteration of technological innovation modelwindow of opportunitydy-namic capabilities
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