How industrial convergence happens: A taxonomical approach based on empirical evidences

Youngjung Geum; Moon Soo Kim; Sungjoo Lee

doi:10.1016/j.techfore.2016.03.020

How industrial convergence happens: A taxonomical approach based on empirical evidences

Youngjung Geum, Moon Soo Kim, Sungjoo Lee

Dept. of Industrial Engineering

Research output: Contribution to journal › Article › peer-review

82 Scopus citations

Abstract

The current innovation paradigm clearly shows that the notion of "industry" is changing. Innovation no longer occurs within single industries. This paper employs practical data on 100 successful Korean cases of industrial convergence to analyze how industrial convergence takes place. Together, these practical cases represent the essential characteristics of industry convergence. We identify the pattern of industry convergence through a clustering analysis that identifies the characteristics of each cluster. As a result, we identify four industry convergence types: technology enhancer, policy-driven environmental enhancer, service-integrated social business generator, and technology-driven new value generator.

Original language	English
Pages (from-to)	112-120
Number of pages	9
Journal	Technological Forecasting and Social Change
Volume	107
DOIs	https://doi.org/10.1016/j.techfore.2016.03.020
State	Published - 1 Jun 2016

Keywords

Clustering
Industry convergence
Taxonomy
Technology convergence

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1016/j.techfore.2016.03.020

Cite this

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abstract = "The current innovation paradigm clearly shows that the notion of {"}industry{"} is changing. Innovation no longer occurs within single industries. This paper employs practical data on 100 successful Korean cases of industrial convergence to analyze how industrial convergence takes place. Together, these practical cases represent the essential characteristics of industry convergence. We identify the pattern of industry convergence through a clustering analysis that identifies the characteristics of each cluster. As a result, we identify four industry convergence types: technology enhancer, policy-driven environmental enhancer, service-integrated social business generator, and technology-driven new value generator.",

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AB - The current innovation paradigm clearly shows that the notion of "industry" is changing. Innovation no longer occurs within single industries. This paper employs practical data on 100 successful Korean cases of industrial convergence to analyze how industrial convergence takes place. Together, these practical cases represent the essential characteristics of industry convergence. We identify the pattern of industry convergence through a clustering analysis that identifies the characteristics of each cluster. As a result, we identify four industry convergence types: technology enhancer, policy-driven environmental enhancer, service-integrated social business generator, and technology-driven new value generator.

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KW - Industry convergence

KW - Taxonomy

KW - Technology convergence

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EP - 120

JO - Technological Forecasting and Social Change

JF - Technological Forecasting and Social Change

ER -

How industrial convergence happens: A taxonomical approach based on empirical evidences

Abstract

Keywords

UN SDGs

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