Knowledge economy | EPFL Graph Search

The knowledge economy, or knowledge-based economy, is an economic system in which the production of goods and services is based principally on knowledge-intensive activities that contribute to advancement in technical and scientific innovation. The key element of value is the greater dependence on human capital and intellectual property as the source of innovative ideas, information and practices. Organisations are required to capitalise on this "knowledge" in their production to stimulate and deepen the business development process. There is less reliance on physical input and natural resources. A knowledge-based economy relies on the crucial role of intangible assets within the organisations' settings in facilitating modern economic growth. Overview Description A knowledge economy features a highly skilled workforce within the microeconomic and macroeconomic environment; institutions and industries create jobs that demand specialized skills in o

Are the Innovation Needs of Low-Technological Small and Medium-Sized Enterprises in Line with Knowledge Production by Research Institutions?

Camille Marguerite Aouinait

Small agricultural firms have to cope with increasing economic, legal and environmental difficulties. The purpose of the paper is to identify whether there are available research outputs to these challenges, focusing on the Swiss traditional fruit sector. Identification of firms' needs using face-to-face interviews and a focus group allowed us to prioritize innovations. Knowledge and innovation transfer gaps were identified thanks to bibliometric analysis, providing hints for research program orientations. The main sectoral needs were related to varieties like increasing pest and disease resistance, weather sensitivity, and ripening behavior. Knowledge produced by research institutions was partly related to the firms' needs. The study demonstrated a need for better coordination between agricultural stakeholders and researchers. Knowledge must be transferred and shared in the network with greater efficiency by extending interactions and involving stakeholders earlier in the innovation process. However, the search for scientific outputs should include more specificities of the local environment.

DE BOECK UNIV2019

Building Capabilities for Service Innovation

Andreas Felix von Vangerow

The service sector is the most dominant sector in every developed economy today. The ability to develop and successfully launch new services is crucial for service organizations to stay competitive and to adapt to the ever-changing conditions of the environment. However, up until now, a mismatch remains between the importance of service innovation for society and the attention given to it in both academia and practice. Existing research has compared the innovative output of service firms with manufacturing firms and found that the difference is one of degree rather than of substance. Studies which focus on the process instead of the output of service innovation, however, are still relatively scarce. This dissertation aims to help close this research gap by examining three service innovation processes in different contexts. First, it offers a theoretical illumination of service innovation with the help of knowledge creation theory. This is beneficial for defining service innovation more precisely. The second study is concerned with the influence of emotional factors on the development of dynamic capabilities in new ventures. It shows that young ventures which are able to deliberately switch between emotional and analytical modes of operation have a higher likelihood of success. The study compares the development of two service-oriented ventures with two product-oriented ones that are part of an accelerator program at the School of Design Thinking at Stanford University. The third paper is concerned with product-service strategies, or Servitization, and the relation to vertical integration and the coordination of innovation in downstream markets. The study shows that the Servitization development, i.e. the vertical integration of manufacturing firms into its users' operation, is a response to the failure of architectural innovation in more flexible buyer-supplier relationships. The study finds four different strategies for the service business of manufacturing firms based on case studies in the mechanical engineering, electrical engineering, and chemical industries. Overall, I am able to show that firms need to be able to build three distinct capabilities to master their service innovation efforts. First, they need to build up a capacity for innovation to gain economies from partial repetition of solutions. Second, firms need to have skills in place to create and manage boundary objects, especially at the client interface. Finally, they need to have capabilities to build up complementarities which help protect revenues from their service innovation initiatives.

EPFL2015

Determinants of PhD holders' use of social networking sites: An analysis based on LinkedIn

Stefano Horst Baruffaldi

Social networking sites are an increasingly important tool for career development, especially for highly skilled individuals. Moreover, they may constitute valuable sources of data for scholars and policy makers. However, little research has been conducted on the use by highly skilled individuals of those social networks. In this paper, we focus on PhD graduates, who play an important role in the innovation process and in particular in knowledge creation and diffusion. We seek to increase understanding of the determinants that induce PhD graduates to register on LinkedIn and to develop wider or narrower networks. Controlling for the most relevant individual characteristics, we find that (i) PhD holders moving to the industry sector are more likely to have a LinkedIn account and to have a larger network of connections in LinkedIn; (ii) PhD holders are more likely to use LinkedIn if they have co-authors abroad; and (iii) they have wider networks if they have moved abroad after obtaining their PhD. In light of our analyses, we discuss the usefulness of - and main concerns about - the adoption of LinkedIn as a new data source for research and innovation studies. (C) 2017 Elsevier B.V. All rights reserved.

Elsevier2017

Building Capabilities for Service Innovation

Andreas Felix von Vangerow

EPFL2015