Collection

Special Issue: Value-creation and Innovation in the Digital Age

The advent of digital technologies (such as social media, cloud computing, the internet of things or blockchain) has significantly changed the modern value creation and innovation landscape. Digital innovations fundamentally transform how new products and services are produced and consumed. In this context, new value creation paths are emerging. In addition to that, innovation ecosystems surface which include interconnected actors with different objectives and skills, leading to new innovation approaches. The potential benefits stemming from digital technologies are enormous. However, companies need to quickly and efficiently adapt to these changes, because former capabilities become obsolete and past success formulas no longer apply. Digitization thus transforms entire industries and demands new ways of thinking. Therefore, more research is necessary to fully understand how value-creation and innovation in the digital age take place. To further discuss and advance this highly relevant and timely topic, the scientific conference on “Value-creation and Innovation in the Digital Age” of the Erich-Gutenberg-Arbeitsgemeinschaft invited researchers to Cologne in June 2018. We were very happy that a large number of researchers responded to our call and presented their research. These contributions represent the starting point for this special issue of the Journal of Business Economics. We were able to include eight out of all submitted papers to be part of this special issue. The papers focus on different facets of value-creation and innovation in the digital age.

Editors

  • Günter Fandel

    Center for Production Economics and Decision Support, FernUniversität in Hagen, Universitätsstr. 41, 58084 Hagen, Germany

  • Kai-Ingo Voigt

    Chair of Industrial Management, Friedrich-Alexander-Universität Erlangen-Nürnberg, Lange Gasse 20, 90403 Nuremberg, Germany

Articles (8 in this collection)