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Nordman, E. R., & Melén, S. (2008). The impact of different kinds of knowledge for the internationalization process of born globals in biotech business. Journal of World Business, 43, 171–185. Oviatt, B. M., & McDougall, (1994). Toward a theory of international new ventures. Journal of International Business Studies, 25(1), 45–64. Oviatt, B., & McDougall, (2005). Defining international entrepreneurship and modeling the speed of internationalization. Entrepreneurship: Theory and Practice, 29(5), 537–553. Petti, C. (Ed.). (2012). Technological Entrepreneurship in China: How Does it Work? Northampton, MA: Edward Elgar Publishing. Pla-Barber, J., & Escriba-Esteve, A. (2006). Accelerated internationalization: Evidence from a late investor country. International Marketing Review, 23(3), 255–278. Pock, M., & Hinterhuber, H. (2011). Born Globals – Wie aus Start-ups internationale Unternehmen werden. Zeitschrift für KMU und Entrepreneurship, 59(2), 141–147. Renda, A. (2011). Next generation innovation policy: The future of EU innovation policy to support market growth. Ernst & Young and Centre for European Policy Studies. Retrieved from http://www.ceps.eu/book/next-generation-innovation-policy-future-eu-innovation-policy-supportmarket-growth. Rennie, M. (1993). Born global. McKinsey Quarterly. Retrieved from http://www.mckinseyquarterly.com/Born_global_26. Schneor, R. (2012). Born global firms internet and new forms of internationalization. In M. Gabrielsson, & V. H. M. Kirpalani (Eds.), Handbook of research on born globals ( 161–184). Cheltenham: Edward Elgar. Szirmai, A., Naudé, W., & Goedhuys, M. (2011). Entrepreneurship, Innovation, and Economic Development: An Overview. Oxford: Oxford University Press. Varian, H. R. (2011). Micromultinationals will run the world. Foreign Policy. Retrieved from http://www.foreignpolicy.com/articles/2011/08/15/micromultinationals_will_run_the_world. Zucchella, A., Palamara, G., & Denicolai, S. (2007). The drivers of the early internationalization of the firm. Journal of World Business, 42, 268–280. Yin, R.K. (1984). Case Study Research: Design and Methods. Beverly Hills: Sage Publishing. Acknowledgement: The author would like to express their gratitude to the CEO of Leia Display System for the interview and suggestions helpful in the implementation of the research on the case study. 97
BUILDING RESILIENT ORGANIZATIONS AND INNOVATION NETWORKS IN WOOD CONSTRUCTION INDUSTRY Melina M. MAUNULA Lappeenranta University of Technology (LUT), School of Business and Management, Kouvola, Finland. Abstract This paper discusses how the implementation of open innovation practices and mindset can benefit companies faced with large systemic change like bioeconomy transition. The research is based on a regional case study on wood construction industry in South-East Finland. Bioeconomies emerge through interlinked business and creation of innovation networks that are based on the use of renewable raw materials. Wood construction industry, and other industries that are already using renewable raw materials, are not threatened by the ongoing transformation. However, to benefit fully from the bioeconomy transition, companies are compelled to create new networks in order to facilitate innovation, commercialization and market growth. The adoption of innovations is often dependent on other organizations, as supporting products and services are needed. Previous research shows that open innovation is increasingly adopted in SMEs as well as in big companies, and it can increase the resilience and innovation capability of organizations. The paper concludes that a paradigm shift towards open innovation is needed in companies willing to benefit from the ongoing bioeconomy transition. Open innovation attitudes also support the creation of new wood construction innovation networks, which is found essential in terms of the industry benefiting from the emergence of a regional bioeconomy in South-East Finland. Keywords: open innovation, innovation network, wood construction industry, bioeconomy transition, South- East Finland. Introduction The bioeconomy transition benefits industries using renewable raw materials like wood. However, systemic change requires emergence of new innovation ecosystems, as well as implementation of new approaches and practices in individual organizations. In this article we examine a regional case in South-East Finland to investigate how wood construction industry companies can benefit from the ongoing bioeconomy transition in the region. The open innovation paradigm provides an outlook on the innovation management and networking that are required. Even though the creation of new co-operation has been recognized to be critical in facilitating the bioeconomy transition (Luoma et al., 2011), most research efforts are currently directed towards making technological or legislative advances. However, the abilities to network and benefit from innovation networks are extremely important from the perspective of companies. It is important to look at the situation especially from the point of view of small and medium sized enterprises (SMEs), as they form the majority of the innovation network in the emerging bioeconomy. Due to the industry structure, the features of SMEs are stressed also in connection to the open innovation theory. Research Question: How can wood construction industry companies benefit from open innovation in the ongoing transition to bioeconomy? 98
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Proceedings of the International Bu
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Costs and Benefits of Marketing Com
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Sources of Competitive Advantage in
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INNOVATIVE THINKING AS A REQUIREMEN
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second reason lies in the specifics
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Conclusions To sum up, it should be
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the impact of the macro-environment
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Creativity Figure 2. The structure
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Boden (2004) distinguishes two broa
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consists of factors and trends oper
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Druzhinin, 1999 Gebert, 2002 Krause
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Table 4. Details of the respondents
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Figure 5. Distribution of expectati
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climate, which obstructs the expres
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Simonton, D. K. (2003). Scientific
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Unlocking and diffusing environment
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11. Aping: a copy cat is possible b
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finding tours, network sessions, id
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Conclusions Although this research
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McDonald, Colin. (1991). Sponsorshi
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products dedicated to older consume
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The study was conducted in November
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The study was conducted by question
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The research results also showed th
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stages. (Freeman, Soete, 2001). Kul
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and process innovations and innovat
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company's innovation culture. For e
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Conclusions Reviewing the definitio
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ONE DOWNTOWN STREET. ONE DOWNTOWN P
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construction of new ones while othe
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association of post-earthquake buil
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After carrying out of this inquiry,
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SOCIAL MEDIA AND ITS INFLUENCES ON
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Social Media Definition of social m
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Forums Perhaps the forums came befo
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find 80% their prefer shops online
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ASSESSMENT OF DIFFERENT GENERATION
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Table 1. Generations of Georgian po
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FOOD-RELATED LIFESTYLE AS AN INNOVA
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The eco-moderate food consumer, Th
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Source: author’s elaboration. Fig
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Cholewa-Wójcik, A., & Świda, J. (
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The aim of work is to analyze diffe
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The results of empirical research c
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Legal framework According Hattori a
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on companies as it’s a key elemen
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Figure 5. Opinion about false adver
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EVALUATION OF POSSIBILITIES TO CHAN
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logistics is to save resources, to
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Air pollution passes into other sph
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Figure 6. The Cascade bulk cargo ha
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Figure 8. Principle of dust suppres
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WHEN SHARED VALUE MEETS CREATIVITY:
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Figure 1. Value creation framework
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in private people who are oriented
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“Creative thinking led to Nobel P
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offer the machine, for free. Then t
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Yunus, M., Dalsace, F., Menasce, D.
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Clearly declarative character, mani
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management, because it would mean t
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of companies do not see the need to
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Figure 6. Problems noticed in enter
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epresentatives of SMEs have a right
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practitioners have developed their
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Table 2. Industrial state problems
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Acting boldly without being limited
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SOCIAL STAKEHOLDERS APPROACH TO TRA
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Assessing Vilniaus kolegija/Univers
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graduates were useful for their ins
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S. Pogosian and I. Dzemyda (2012) n
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European policies toward flexible w
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the “Law on Temporary Agency Empl
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where staff where engaged in tempor
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Edquist C. & Hommen L. Comparing na
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In 1997, this ‘overly constricted
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Figure 1. Major themes identified d
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Given that SMEs were shaped by thei
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approached in the recent study by J
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Foreman-Peck, J., & Nicholls, T. (2
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unemployment? Journal of Business V
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Business related innovation phenome
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Schumpeter was one of the foremost
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from OECD member countries (OECD, 2
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Marketing innovation Organisational
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Figure 1. The rate of innovation-ac
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to promote and foster involvement o
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ASSESSING FINANCIAL INCLUSION OF EN
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positive relationships in different
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120% 100% 80% 60% 40% 20% 0% All co
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The highest percentage of firms wit
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Puri M., Rocholl J. Steffen S. (201
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committees. The analysis of advanta
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getting in turn their board represe
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limit of involvement in an investme
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and relatively save. However in the
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A separate investment bank, without
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Zielioski T. (2013), "Zarażenie fi
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encompasses economic, political, so
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management model existing in Great
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Individualism-collectivism dimensio
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The power distance indicator in Lit
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After performing a comparative anal
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INNOVATION, ECONOMIC GROWTH, AND IN
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citizens and gain popularity in abr
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eduction of state and private inves
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In 2013 were finished negotiations
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THE PERCEPTIONS OF PARTNERS’ TRUS
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small and medium sized and represen
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Figure 2. Conceptual map of the Rus
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Miles, M.B. & Huberman, A. M. (1994
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Will to discuss issues Issues can b
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Competent in Russian business Trans
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Appendix 3. Trustworthiness cluster
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SOURCES OF COMPETITIVE ADVANTAGE IN
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for sources of competitive advantag
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The competitive advantage of compan
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discrepancy of responses was slight
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Budzyoska-Biernat A. (2015). Strate
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the economy of European countries m
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Scientific literature emphasizes th
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The European Parliament and the Cou
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No. Competence Score Group No. Comp
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SUSTAINABLE TOURISM AND SOCIAL TOUR
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organizations and institutions resp
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Municipalities were chosen in a way
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On the other hand the highest mean
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A major contribution of this resear
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Shin, Y. (2010). Residents' Percept
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Hence, Georgia has made a big succe
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driving forces for massive employme
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Figure 3. Credit (ECTs) distributio
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There are provided good organizatio
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Academic representatives to receive
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total exports. Travel & Tourism inv
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trends in the development of touris
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philosopher Arsene Ikaltoeli taught
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Terms of fierce competition in the
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PROMOTING INNOVATION IN THE HOTEL I
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Leadership in Energy and Environmen
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Conclusions This article reviewed i
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ISBN Ba Proceedings of the Internat
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