CO-EVOLUTIONARY COUPLING VIA A DIGITAL-BIO ECOSYSTEM – A SUGGESTION FOR A NEW R&D MODEL IN THE DIGITAL ECONOMY
International Journal of Managing Information Technology (IJMIT)
ISSN : 0975-5586 (Online); 0975-5926 (Print)
Article Title
Nasir Naveed1, Chihiro Watanabe1, 2, Pekka Neittaanmäki1
1 Faculty of Information Technology, University of Jyväskylä, Finland
2 International Institute for Applied Systems Analysis (IIASA), Austria
ABSTRACT
Driven by digital solutions, the bioeconomy has taken major steps forward in recent years toward achievement of the long-lasting goal of transition from a traditional fossil economy to a circular economy. The coupling of digitalization and the bioeconomy is leading toward a digitalized bioeconomy that can satisfy a shift in people’s preferences for eco-consciousness, which in turn induces coupling of up-down stream operation in the value chain.
This dual couplings has led to a new R&D model that absorbs external innovation resources from a broad value chain and assimilates them into various entities.
In light of the increasing significance of such a new R&D model that may avoid the dilemma between R&D expansion and productivity decline, this paper elucidated dynamism enabling dual couplings. An empirical analysis of global forest-based bioeconomy firms was conducted, thereby providing an insightful suggestion with respect to dynamism emerging from a new R&D model.
KEYWORDS
Co-evolutionary coupling, digitalized bioeconomy, R&D model, circular economy, UPM,
ORIGINAL SOURCE URL: http://aircconline.com/ijmit/V11N2/11219ijmit05.pdf
http://airccse.org/journal/ijmit/vol11.html
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