Digitalization and Asia-Pacific Business Models: At the Crossroads of Multiple Cultures, Innovation and Value Creation

Asia-Pacific business models (BMs) have evolved due to cultural heterogeneity and digitalization, adopting unconventional strategies of value creation and innovation. This book offers a holistic picture and contemporary interpretation of these unorthodox patterns and value-creating logic, supported by the National Natural Science Foundation of China.

Format: Hardback
Length: 166 pages
Publication date: 21 February 2023
Publisher: Taylor & Francis Ltd

Due to the convergence of numerous cultures and the remarkable pace of development in the decades since the late 1990s, the value creation and innovation logic of Asia-Pacific business models (BMs) has undergone a continuous transformation. As a result, a more complex and diverse landscape has emerged, differing significantly from Western developed economy BMs. Moreover, the digitalization has fundamentally altered the way businesses operate, fostering a new wave of BM evolution. In contrast to the typical linear mode of innovation driven by market demands in many Western cultures, a significant number of entrepreneurial enterprises from the Asia-Pacific, influenced by eastern religions and philosophies, have adopted unconventional and culturally grounded strategies for value creation and innovation in their BMs. However, finding a Western equivalent to the value-creating route that encompasses the humanitarian spirit of Confucianism, which harmoniously combines social and economic values to accelerate innovation during internationalization, has proven challenging in existing literature. This book aims to provide a more comprehensive and contemporary perspective for identifying and characterizing the unorthodox innovation patterns and the perplexing value-creating logic of Asia-Pacific BMs at the crossroads of diverse cultures. It was originally published as a special issue of the Asia Pacific Business Review.
This book is supported by the National Natural Science Foundation of China (No. 72272136; 71988101).

Weight: 485g
Dimension: 246 x 174 (mm)
ISBN-13: 9781032416335