Nowadays, many companies have digitalized their innovation processes to be more competitive in the market in which they operate. In parallel, open innovation has become a key component of companies’ digital strategies as the companies’ innovation processes require greater resources in the...

Firms across industries increasingly coopete - they compete and cooperate with rivals. The proliferation of a new generation of digital technologies such as algorithms, big data, and platforms is not only reshaping the fabrics of firms but also how they coopete. To provide guidance for...

This chapter aims to analyze firms’ strategic use of big data analytics (AAs) in order to understand their applications in business practice and relevant effects on their performance. Actually, after looking closely at the four main types of AAs (i.e., descriptive analytics, predictive...

The emerging information technologies, including artificial intelligence (AI) algorithms (e.g., machine learning) and big data (i.e., collecting large volumes of unstructured data translated through analysis to information suitable for managerial decision-making), have the potential to...

Legacy corporate governance has long been based on the “closed system” framework that is focused on the idea of aligning the interests of managers (agents) and shareholders (principals) through internal and external mechanisms and practices. The more recent “open system” approach to...

In this chapter, we discuss the challenges digital data pose for strategizing. The nature and volume of available data, together with their modalities of production, circulation, and use, have changed dramatically over the last two decades. Much of digital data originates from fast,...

Most prior research on platform governance has focused on how large, central platform owners manage their ecosystems of third-party developers in a top-down fashion by setting, overseeing, and enforcing platform rules. Relative to the platform owner, each individual third-party appears small and...

Competition among social media platforms underscores the need to find new sources of value and support differentiation strategies through service and features innovations. Traditional strategies, increasing switching costs, and generating value through versioning, have been standardized, and do...

To better understand the uniqueness and benefits of digital platforms, this chapter provides a comprehensive overview of value conceptualizations in the digital platform literature and presents a framework for analyzing and strategizing platform business models. Structured by the value...

Digital peer-to-peer (P2P) platforms are an increasingly prevalent form of exchange that are becoming more diverse as they span across different industries. For the research on digital P2P platforms to move forward, it is important to have a clear view of what we understand under this type of...