Service innovation in business ecosystem: The roles of shared goals, coopetition, and interfirm power

Gordon Liu, Lukman Aroean and Wai Wai Ko

International Journal of Production Economics, 2023, vol. 255, issue C

Abstract: A business ecosystem consists of a hub-firm (ecosystem leader) and a community of actor-firms. Building on the extended resource-based view and business ecosystem literature, this article explains the factors that contribute to an actor-firm's service innovation. To test our framework, we obtained 100 dyadic, time-lag responses from a tourism resort ecosystem in Indonesia. We found that coopetition is more valuable than shared goals in improving an actor-firm's service innovation. Coopetition is inefficient when the reward-mediated power is high, while shared goals are more beneficial when the non-mediated power is high. These findings indicate that hub-firms should exercise caution regarding their efforts to nurture shared goals, coopetition and interfirm power to promote service innovation. Overall, this study advances the extended resource-based view by highlighting that shared goals and coopetition allow an actor-firm to acquire important resources from its ecosystem relationships with other actor-firms to facilitate service innovation. More importantly, effective access to these relationship-based resources depends on interfirm power.

Keywords: Business ecosystem; Service innovation; Shared goals; Coopetition; Interfirm power (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:proeco:v:255:y:2023:i:c:s0925527322002912

DOI: 10.1016/j.ijpe.2022.108709

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