Skip to main content

Beyond Innovation: The Crazy New World of Industrial Mash-ups

  • Chapter
  • First Online:
Knowledge Management in the Sharing Economy

Abstract

In today’s business environment, the fast-shrinking innovation cycle has availed new types of deals fit to mitigate business friction and accelerate the pace of innovation. After a first stream of disruptive tech-driven businesses which reshaped the P2P landscape and created “the sharing economy”, industrial mash-ups set themselves up as highly transformative actors, remodeling industries in a groundbreaking manner. Along with the extension of the principles of the sharing economy to the organizational level, an “emerging industrial sharing economy” steadily streams, substantively reforming the corporate ecosystem. The focus shifts from P2P to B2B flows, by means of leading-edge technologies, such as the IoT, social media, cloud computing, data mining, big data analytics, business intelligence, etc. Challenging the status quo, the interplay between technology and industrial assets promises to generate a genuine disruption in economic efficiency and productivity in various industries, especially in the asset-intensive sectors. In this way, the business landscape is expected to witness the dawn of novel actors tying together services from dynamic networks of collaborators which remap the organizational agility and capabilities, and create value via capitalizing underutilized assets, sharing specialized knowledge and building trust within the overall ecosystem. Industrial mash-ups will, thus, lay the foundation of knowledge networks which invite both people and companies to collaborate, interact, and learn from each other. What would have been once deemed as a crazy new idea, it is nowadays transforming the corporate environment, conceptually and practically puzzling the way we see the world around us.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 109.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 139.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD 139.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

References

  • Adams, G. L., & Lamont, B. T. (2003). Knowledge management systems and developing sustainable competitive advantage. Journal of Knowledge Management, 7(2), 142–154.

    Article  Google Scholar 

  • Adler, P. S., Heckscher, C., & Prusak, L. (2011). Building a collaborative enterprise. Harvard Business Review, 89(7/8), 94–101.

    Google Scholar 

  • Alexandru, V. (2016). Global value chains from a multidimensional perspective. A preliminary insight. In C. Bratianu, A. Zbuchea, F. Pînzaru, R. D. Leon, & E.-M. Vătămănescu (Eds.), Strategica. Opportunities and risks in the contemporary business environment (pp. 324–331). Bucharest: Tritonic.

    Google Scholar 

  • Bharati, P., Zhang, W., & Chaudhury, A. (2015). Better knowledge with social media? Exploring the roles of social capital and organizational knowledge management. Journal of Knowledge Management, 19(3), 456–475.

    Article  Google Scholar 

  • Bi, R., Davison R. M., Kam, B., & Smyrnios, K. X. (2012). Developing organizational agility through IT and supply chain capability. In PACIS 2012 Proceedings. Paper 64. Retrieved from http://aisel.aisnet.org/pacis2012/64

  • Bratianu, C. (2017). The crazy new world of the sharing economy. In E.-M. Vătămănescu & F. Pînzaru (Eds.), Knowledge management in the sharing economy – Cross-sectoral insights into the future of competitive advantage (Chapter 1). Cham: Springer International Publishing.

    Google Scholar 

  • Braunscheidel, M. J., & Suresh, N. C. (2009). The organizational antecedents of a firm’s supply chain agility for risk mitigation and response. Journal of Operations Management, 27(2), 119–140.

    Article  Google Scholar 

  • Brown, J. S., & Duguid, P. (2001). Knowledge and organization: A social-practice perspective. Organization Science, 12(2), 198–213.

    Article  Google Scholar 

  • Brown, J. S., & Duguid, P. (2002). The social life of information. Boston, MA: Harvard Business Press.

    Google Scholar 

  • Cannone, G., & Ughetto, E. (2014). Born globals: A cross-country survey on high-tech start-ups. International Business Review, 23(1), 272–283.

    Article  Google Scholar 

  • Carneiro, A. (2000). How does knowledge management influence innovation and competitiveness? Journal of Knowledge Management, 4(2), 87–98.

    Article  Google Scholar 

  • Castells, M. (2000a). The information age: Economy, society and culture. The rise of the network society (Vol. 1, 2nd ed.). Oxford: Blackwell.

    Google Scholar 

  • Castells, M. (2000b). The information age: Economy, society and culture. End of millennium (Vol. 3, 2nd ed.). Oxford: Blackwell.

    Google Scholar 

  • Contu, A., & Willmott, H. (2003). Re-embedding situatedness: The importance of power relations in learning theory. Organization Science, 14(3), 283–296.

    Article  Google Scholar 

  • D’Andrea, A., Ferri, F., & Grifoni, P. (2010). An overview of methods for virtual social networks analysis. In A. Abraham, A. Hassanien, & V. Snasel (Eds.), Computational social network analysis trends, tools and research advances (pp. 1–26). London: Springer-Verlag Limited.

    Google Scholar 

  • Daou, A., Karuranga, E., & Su, Z. (2013). Intellectual capital in Mexican SMEs from the perspective of the resource-based and dynamic capabilities views. Journal of Applied Business Research, 29(6), 1673–1689.

    Article  Google Scholar 

  • Davis, I. (2009). The new normal. McKinsey Quarterly. Retrieved from http://www.mckinsey.com/insights/strategy/the_new_normal

  • Delgado-Verde, M., Martín de Castro, M., Navas López, J. E., & Cruz González, J. (2011). Capital social, capital relacional e innovación tecnológica. Una aplicación al sector manufacturero español de alta y media-alta tecnología. Cuadernos de Economía y Dirección de la Empresa, 14(4), 207–221.

    Article  Google Scholar 

  • du Plessis, M. (2007). The role of knowledge management in innovation. Journal of Knowledge Management, 11(4), 20–29.

    Article  Google Scholar 

  • Edvinsson, L., & Malone, M. S. (1997). Intellectual capital: Realizing your company’s true value by finding its hidden brainpower. New York: Harper Business.

    Google Scholar 

  • EY. (2016). Top of mind. Issues facing technology companies. Industrial mash-ups: A disruptive new partnering form will accelerate innovation – again. Retrieved from http://www.ey.com/Publication/vwLUAssets/ey-industrial-mash-ups/$FILE/ey-industrial-mash-ups.pdf

  • Fang, C., Yang, C. W., & Hsu, W. Y. (2013). Inter-organizational knowledge transfer: The perspective of knowledge governance. Journal of Knowledge Management, 17(6), 943–957.

    Article  Google Scholar 

  • Ferguson, J., & Taminiau, Y. (2014). Conflict and learning in inter-organizational online communities: Negotiating knowledge claims. Journal of Knowledge Management, 18(5), 886–904.

    Article  Google Scholar 

  • Fernandes, T. M., & Proença, J. F. (2005). Relationships and relationship marketing: An interdisciplinary perspective. In F. Wynstra, K. Dittrich, & F. Jaspers (Eds.), Dealing with dualities. Proceedings of the 21th IMP Group Annual Conference. Rotterdam: RSM Erasmus University.

    Google Scholar 

  • Fernando, I. (2010). Community creation by means of a social media paradigm. The Learning Organization, 17(6), 500–514.

    Article  Google Scholar 

  • Gazzola, P., Colombo, G., Pezzetti, R., & Nicolescu, L. (2017). Consumer empowerment in the digital economy: Availing sustainable purchasing decisions. Sustainability, 9, 693.

    Article  Google Scholar 

  • Ghasemi, G. M. (2015). Examining the relationship of organizational agility and organizational forgetting with organizational effectiveness. Journal of Service Science and Management, 8, 443–451. https://doi.org/10.4236/jssm.2015.83045

    Article  Google Scholar 

  • Gokmen. (2009). A qualitative research regarding the university administrators’ capacity to use of management information tools. Procedia – Social and Behavioral Sciences, 1, 2480–2490.

    Article  Google Scholar 

  • Gunsel, A., Siachou, E., & Acar, A. Z. (2011). Knowledge management and learning capability to enhance organizational innovativeness. Procedia – Social and Behavioral Sciences, 24, 880–888.

    Article  Google Scholar 

  • Harraf, A., Wanasika, I., Tate, K., & Talbott, K. (2015). Organizational agility. The Journal of Applied Business Research, 31(2), 675–686.

    Google Scholar 

  • Hohenthal, J., Johanson, J., & Johanson, M. (2014). Network knowledge and business-relationship value in the foreign market. International Business Review, 23(1), 4–19.

    Article  Google Scholar 

  • Jardon, C. M. (2015). The use of intellectual capital to obtain competitive advantages in regional small and medium enterprises. Knowledge Management Research & Practice, 13(4), 486–496.

    Article  Google Scholar 

  • Jardon, C. M., & Martos, M. S. (2012). Intellectual capital as competitive advantage in emerging clusters in Latin America. Journal of Intellectual Capital, 13(4), 462–481.

    Article  Google Scholar 

  • Jensen, K. W. (2010). Relational effects on knowledge integration: The differential effects on search and transfer. Knowledge Management Research and Practice, 8(2), 146–160.

    Article  Google Scholar 

  • Jensen, K. W., & Schott, T. (2014). Firms’ innovation embedded in their networks of collaboration: China compared to the World. Journal of Chinese Economic and Business Studies, 12(3), 273–292.

    Article  Google Scholar 

  • Kale, P., Singh, H., & Perlmutter, H. (2000). Learning and protection of proprietary assets in strategic alliances: Building relational capital. Strategic Management Journal, 21(3), 217–237.

    Article  Google Scholar 

  • Kruse, P., & Geißler, P. (2014). Benefiting from external knowledge in open innovation processes. International Journal of Knowledge and Systems Science, 3(4), 16–27.

    Article  Google Scholar 

  • Leung, N. K. Y., Lau, S. K., & Tsang, N. (2013). An ontology-based collaborative inter-organisational knowledge management network (CIK-NET). Journal of Information & Knowledge Management, 12(1). https://doi.org/10.1142/S0219649213500056.

  • Lin, K.-H., & Chaney, I. (2007). The influence of domestic Interfirm networks on the internationalization process of Taiwanese SMEs. Asia Pacific Business Review, 13(4), 565–583.

    Article  Google Scholar 

  • Ling, Y.-H. (2013). The influence of intellectual capital on organizational performance – Knowledge management as moderator. Asia Pacific Journal of Management, 30(3), 937–964.

    Article  Google Scholar 

  • Liu, J., & Brody, P. (2016). Is collaboration the new innovation? A Harvard Business Review Analytic Services Report. Boston: Harvard Business School Publishing.

    Google Scholar 

  • Malone, T. W. (2004). The future of work: How the new order of business will shape your organization, your management style, and your life. Boston: Harvard Business School Press.

    Google Scholar 

  • Martín, G., & Delgado, M. (2012). Assessing knowledge assets in technology-intensive firms: Proposing a model of intellectual capital. Journal of CENTRUM Cathedra, 5(1), 43–59.

    Article  Google Scholar 

  • Nowicka, M., Dima, I. C., & Ștefan, C. (2012). Integrating the IC concept into strategies for the development of regional network systems. European Journal of Business and Social Sciences, 1(1), 21–33.

    Google Scholar 

  • Ordóñez de Pablos, P. (2010). Preface to the special issue: Emerging information technologies for effective knowledge management-towards high-performance business organizations and value networks. Human Factors and Ergonomics in Manufacturing and Service Industries, 20(2), 99–102.

    Article  Google Scholar 

  • Ordóñez de Pablos, P. (2013). Measuring and reporting knowledge-based resources: The intellectual capital report. Facultad de Ciencias Economicas, University of Oviedo. Retrieved from http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.202.2048&rep=rep1&type=pdf

  • Owen-Smith, J., & Powell, W. W. (2004). Knowledge networks as channels and conduits: The effects of spillovers in the Boston biotechnology community. Organization Science, 15(1), 5–21.

    Article  Google Scholar 

  • Păduraru, T., Vătămănescu, E.-M., Andrei, A. G., Pînzaru, F., Zbuchea, A., Maha, L. G., et al. (2016). Sustainability in relationship marketing: An exploratory model for the industrial field. Environmental Engineering and Management Journal, 15(7), 1635–1647.

    Google Scholar 

  • Palmatier, R. W. (2008). Relationship marketing. Cambridge, MA: Marketing Science Institute.

    Google Scholar 

  • Pînzaru, F., Stan, S.-O., & Vătămănescu E.-M. (2016). Organizational agility: Online retailing at a glance. In K. S. Soliman (Ed.), Proceedings of the 28th International Business Information Management Association Conference. Vision 2020: Innovation Management, Development Sustainability, and Competitive Economic Growth (pp. 573–576). Norristown: International Business Information Management Association.

    Google Scholar 

  • Porter, M. E. (1999). Creating advantage. Executive Excellence, 16(11), 13–14.

    Google Scholar 

  • Rathi, D., Given, L. M., & Forcier, E. (2014). Interorganisational partnerships and knowledge sharing: The perspective of non-profit organisations (NPOs). Journal of Knowledge Management, 18(5), 867–885.

    Article  Google Scholar 

  • Scott, J. (2000). Social network analysis. A handbook. London: Sage.

    Google Scholar 

  • Shaladi, B. (2012). Business relationship development and the influence of psychic distance. Innovative Marketing, 8(1), 73–80.

    Google Scholar 

  • Sharkie, R. (2003). Knowledge creation and its place in the development of sustainable competitive advantage. Journal of Knowledge Management, 7(1), 20–31.

    Article  Google Scholar 

  • Sherehiy, B., Karwowski, W., & Layer, J. K. (2007). A review of enterprise agility: Concepts, frameworks, and attributes. International Journal of Industrial Ergonomics, 37(5), 445–460.

    Article  Google Scholar 

  • Shu, C., Page, A. L., Gao, S., & Jiang, X. (2012). Managerial ties and firm innovation: Is knowledge creation a missing link? Journal of Product Innovation Management, 29(1), 125–143.

    Article  Google Scholar 

  • Soto-Acosta, P., Colomo-Palacios, R., & Popa, S. (2014). Web knowledge sharing and its effect on innovation: an empirical investigation in SMEs. Knowledge Management Research & Practice, 12(1), 103–113.

    Article  Google Scholar 

  • Swafford, P. M., Ghosh, S., & Murthy, N. (2006). The antecedents of supply chain agility of a firm: Scale development and model testing. Journal of Operations Management, 24(2), 170–188.

    Article  Google Scholar 

  • Tzortzaki, A. M., & Mihiotis, A. (2014). A review of knowledge management theory and future directions. Knowledge and Process Management, 21(1), 29–41.

    Article  Google Scholar 

  • Uzzi, B., & Lancaster, R. (2003). Relational embeddedness and learning: The case of bank loan managers and their clients. Management Science, 49(4), 383–399.

    Article  Google Scholar 

  • Valkokari, K., Paasi, J., & Rantala, T. (2012). Managing knowledge within networked innovation. Knowledge Management Research & Practice, 10(1), 27–40.

    Article  Google Scholar 

  • Van Gorp, N., & Batura, O. (2015). Challenges for competition policy in a digitalised economy. Retrieved from http://www.europarl.europa.eu/RegData/etudes/STUD/2015/542235/IPOL_STU(2015)542235_EN.pdf

  • Vătămănescu, E.-M., Andrei, A.G., Leovaridis, C., & Dumitriu, L.-D. (2015). Exploring network-based intellectual capital as a competitive advantage. An insight into European universities from developing economies. In J. G. Cegarra Navarro (Ed.), Proceedings of The 7th European Conference on Intellectual Capital ECIC 2015 (pp. 350–358). Reading: Academic Conferences and Publishing International Limited.

    Google Scholar 

  • Vătămănescu, E.-M., Andrei, A. G., Dumitriu, D.-L., & Leovaridis, C. (2016a). Harnessing network-based intellectual capital in online academic networks. From the organizational policies and practices towards competitiveness. Journal of Knowledge Management, 20(3), 594–619.

    Google Scholar 

  • Vătămănescu, E.-M., Zbuchea, A., Pînzaru, F., & Andrei, A. G. (2016b). The impact of relational capital on SME internationalization. Leveraging online versus offline business networking. In S. Moffett & B. Galbraith (Eds.), Proceedings of the 17th European Conference on Knowledge Management (pp. 926–935). Reading, UK: Academic Conferences and Publishing International Limited.

    Google Scholar 

  • Vătămănescu, E.-M., Gorgos, E.-A., Andrei, A.-G., & Alexandru, V.-A. (2016c). The technological advent and dynamics of the network society. The “middle-aged approach”. Brain Broad Research in Artificial Intelligence and Neuroscience, 7(3), 16–30.

    Google Scholar 

  • Vătămănescu, E.-M., Nistoreanu, B. G., & Mitan, A. (2017a). Competition and consumer behavior in the context of the digital economy. Amfiteatru Economic, 19(45), 354–366.

    Google Scholar 

  • Vătămănescu, E.-M., Andrei, A. G., Nicolescu, L., Pînzaru, F., & Zbuchea, A. (2017b). The influence of competitiveness on SMEs internationalization effectiveness. Online versus offline business networking. Information Systems Management, 34(3), 205–219.

    Google Scholar 

  • Wang, C.-H. (2014). How relational capital mediates the effect of corporate reputation on competitive advantage: Evidence from Taiwan high-tech industry. Technological Forecasting and Social Change, 82(1), 167–176.

    Article  Google Scholar 

  • Wang, Y.-K. (2015). The impact of prestigious top management team on international alliance formation: Evidence from Taiwanese electronics firms. Journal of Management & Organization, 21(6), 835–852.

    Article  Google Scholar 

  • Welch, J. (2005). Winning. New York: Harper Collins Publishers.

    Google Scholar 

  • Williams, T., Worley, C.G., & Lawler, E. E. III. (2013, April 15). The agility factor. Strategy + Business. Retrieved from https://www.strategy-business.com/article/00188?gko=6a0ba

  • World Bank. (2016). Digital dividends report. Retrieved from http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2016/01/13/090224b08405ea05/2_0/Rendered/PDF/World0developm0000digital0dividends.pdf

  • Zaragoza-Sáez, P., & Claver-Cortés, E. (2011). Relational capital inside multinationals. Knowledge Management Research & Practice, 9(4), 293–304.

    Article  Google Scholar 

  • Zucchella, A., & Siano, A. (2014). Internationalization and innovation as resources for SME growth in foreign markets. International Studies of Management & Organization, 44(1), 21–41.

    Article  Google Scholar 

Websites

  • http://www.lngworldnews.com/rosneft-saudi-aramco-talk-lng-cooperation/

    Google Scholar 

  • https://blogs.microsoft.com/iot/2015/10/27/thyssenkrupp-teams-up-with-microsoft-to-transform-the-future-of-the-150-year-old-elevator-industry-2/

    Google Scholar 

  • https://www.euro-petrole.com/gazprom-and-omv-sign-documents-to-develop-strategic-cooperation-n-i-12885

    Google Scholar 

  • https://www.fastcompany.com/3052751/how-microsoft-and-thyssenkrupps-elevator-tech-saves-office-workers-years-of-waiting

    Google Scholar 

  • https://www.ft.com/content/4a9e02fa-46cc-11e7-8d27-59b4dd6296b8

    Google Scholar 

Download references

Author information

Authors and Affiliations

Authors

Corresponding author

Correspondence to Vlad-Andrei Alexandru .

Editor information

Editors and Affiliations

Rights and permissions

Reprints and permissions

Copyright information

© 2018 Springer International Publishing AG

About this chapter

Check for updates. Verify currency and authenticity via CrossMark

Cite this chapter

Vătămănescu, EM., Alexandru, VA. (2018). Beyond Innovation: The Crazy New World of Industrial Mash-ups. In: Vătămănescu, EM., Pînzaru, F. (eds) Knowledge Management in the Sharing Economy. Knowledge Management and Organizational Learning, vol 6. Springer, Cham. https://doi.org/10.1007/978-3-319-66890-1_14

Download citation

Publish with us

Policies and ethics