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Once the value configuration, a distinct value proposition, and an initial plan for the revenue mechanism or the internal benefits of the innovation are clarified, it is time to scope the business potential of the innovation. This involves thinking through the resources and activities needed to implement and deliver the innovation and assessing how they should be organized and how much they would cost to offer or access. The innovator now needs to identify the resource base needed for the value configuration designed in the first stage. This chapter analyzes how the value configuration relates to the broader business ecosystem in which it is embedded.
How can knowledge management function well in a highly dynamic VUCA context? This Element focuses on the context of Japanese management and practices to present the concept of people-centric innovation ecosystem. An overview of Japanese management is provided, from publications in English to the insiders' view of Japanese scholars, combining these sources with interviews and dynamic groups with local managers and case studies to illustrate the state and evolution of Japanese management and practices. Highlighting the people-centricity in Japanese management, its networked innovative capability sustains enterprise development in a highly dynamic VUCA context. The interconnectedness and mutual influence of Japanese and Western management have the potential to generate more general management advancements. This Element aims to contribute to the debate on generalization and contextualization, culture and metaculture, and the coexistence of convergence and divergence. Japanese womenomics and its implications for Asian emerging economic powers are also discussed.
Chapter 11, the Conclusion, begins with analysis of a viral video of a young boy performing ballet in the mud in Lagos, viewed by tens of millions of people in the summer of 2020. This video highlights potential dreams and hopes involving future paths, with potential that may not be realized, given the paucity of available opportunities. Potential future paths in the digital technology era resulting from past and present paths are then discussed.
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