000 01951cam a2200241 4500500
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041 _afre
042 _adc
100 1 0 _aRam, Jiwat
_eauthor
700 1 0 _a Liu, Siqi
_eauthor
245 0 0 _aSocial media driven innovations: an exploratory study in China1
260 _c2018.
500 _a92
520 _aAs societies move into cyberspace, the exponential growth of Social Media (SM) is enabling business innovations. Yet little knowledge exists on the role SM plays in driving innovations in Chinese businesses. Addressing this gap, data collected through semi-structured interviews were analyzed using content analysis techniques. We find that SM is driving innovations in: (1) agile product testing/trials to eliminate or reduce re-work/waste, implicitly facilitating lean management, (2) development of payment and distribution channels including SM enabled Online-to-Offline business, (3) empowered integration of ‘ wisdom of masses’ in product/service design and delivery processes, (4) farming seeds of consumer circles for marketing/sales and enhanced loyalty, (5) development of social media shop fronts, and (6) development of agile product design teams transcending organizational talent boundaries. Academically, new findings extend theories on innovation, particularly open innovations. Managerially, the findings provide strategies for business/IT executives to leverage SM to drive innovations, and policy makers in developing policies that facilitate SM-driven innovations. JEL Codes: O14, L86, N75
690 _aOnline-to-Offline (O2O)
690 _aagile
690 _aWeb 2.0
690 _acommunities of value
690 _acommunities-driven innovations
690 _aSocial Media
786 0 _nJournal of Innovation Economics & Management | o 27 | 3 | 2018-09-25 | p. 123-146
856 4 1 _uhttps://shs.cairn.info/journal-of-innovation-economics-2018-3-page-123?lang=en
999 _c178696
_d178696