Innovation Ecosystem Perspectives on Financial Services Innovation

The context of financial services has been characterised by changes in the regulatory, technological and societal landscape. Consumers are increasingly interested in mobile payments, crowdfunding and microfinance services, either for themselves or because collaborative consumption is viewed as a more sustainable. Retail branches are re-organised to further meet the expectations of customers, start-ups focusing on technology for financial services (i.e. Fintech) are ever growing and financial services companies reinforce their own innovation practices (e.g. creation of innovation labs or venture capital investment funds). The innovation ecosystem around financial services companies represents the many actors with whom they can co-create and co-produce innovative new services for their customers (or for themselves). The innovation process is no longer a closed internal effort but needs to include external actors from the innovation ecosystem. This topic is especially interesting in a small and open economy where the financial centre takes a prominent place in the economy. The research question is therefore “How does the innovation ecosystem influence the innovation process within financial services companies?”. The influence of the innovation ecosystem on the innovation process within financial service companies mainly comes from its social capital and value creation efforts. However learning to work and exchange in an innovation ecosystem is also expected to influence the innovation process in place. Realizing the potential of the innovation ecosystem requires sufficient capabilities to manage new information coming from the innovation ecosystem. The professional associations provide the necessary coordination among actors in the innovation ecosystem to co-create and appropriate value, while fostering co-evolution within the innovation ecosystem.

Design thinking framework of experience innovation

Innovation remains one of the key drivers of sustainable and successful business. The variety of innovation approaches such as open models, intersectional thinking and co-creation tackles the challenge of viable novel offerings across the world. These approaches have certain similarities and their elements constitute design thinking. Recent market and society trends such as technological advances and globalization have intensify companies’ interaction with customers. Emotional engagement, pleasing communication and delight have gained equal to functionality importance. The complex of these components constitutes consumer experience. Academic research conceptualizes these changes by introducing customer-centered innovation, which replaces product-oriented approaches. However, both methods omit experience concept and provide fragmented explanation of experience innovation. Experience is an essential process of offering perception, which drives customer decisions. Therefore, an agenda of experience innovation development can systemize and explain the mechanisms of experience innovation. The purpose of this study is to create and explain the stage process framework of experience innovation by the means of design thinking approach. The research proceeds in accordance with the following sub-objectives: 1. Conceptualization of consumer experience through customer value. 2. Creation of experience innovation framework by the means of design thinking. This study is conducted by the means of conceptual research methods. The main theoretical contribution of the study is creation of the integrated framework of consumer experience innovation. The elaboration of design thinking agenda and methods applied to experience design builds the guidelines of experience innovation development. This research synthesizes the conceptual elements of the framework that resolves inconsistencies and duplications of theories. This essential clarification simplifies application of the experience innovation agenda, which can be useful for the wide range of specialists, from marketing to strategists, and from managers to entrepreneurs, willing to offer compelling experience to customers. The study highlights the crucial role of consumer experience in maintaining customer loyalty and designs the roadmap of innovating experience through the communication with customers.

Yhteiskehittelyn käynnistäminen sosiaali- ja terveystoimen lähipalvelutuotannossa – Ristiinan kuntataajaman tapaustutkimus

Työssä tutkitaan asiakkaan ja käyttäjän mukaan ottamista sosiaali- ja terveyspalveluiden kehittämiseen. Opinnäytetyö on osa sosiaali- ja terveyspalveluiden uudistamista Mikkelin seudulla. Työn pääfokus on lähipalveluiden kehittämisessä. Tutkimuksen tavoitteena on ollut luoda sosiaali- ja terveystoimeen toimintamalli ja rakenteet jatkuvalle kehittämisyhteistyölle palveluiden käyttäjien ja palveluiden tuottajien välille kuntataajamassa. Teoreettisena viitekehyksenä tukeudutaan co-creation – menetelmään eli yhteiskehittelyyn. Tutkimus toteutettiin laadullisena tutkimuksena, jossa valittuna menetelmänä oli toimintatutkimuksena toteutettu tapaustutkimus. Tutkimuksen tuloksena syntyi runsaasti ideoita koskien lähipalveluiden kehittämistä. Palvelumuotoilun menetelmin toteutettu työpaja osoittautui toimivaksi menetelmäksi käynnistää yhteiskehittelyä. Yhteiskehittely suositellaan otettavaksi käyttöön sosiaali- ja terveystoimen lähipalvelupisteissä.

Sur les traces du virtuel : de la nature et du rôle de la dimension affective dans le processus de communication

La présente thèse rend compte de la dimension affective de la communication. Pour ce faire, l’expérience est d’abord considérée comme durée qualitative (Henri Bergson). Donc, l’expérience est mouvement. Point de départ : le mouvement comme caractéristique intrinsèque du corps qui, ainsi compris, devient un point de passage. Qu’est-ce qui le traverse? Des événements. Il se constitue par ce passage même, ce qui fait de lui un devenir-corps. Ici, toute expérience est acte de communication à son stade le plus pur. Qui est-ce qui communique? L’expérience est une occasion d’actualisation du virtuel. Il s’agit de l’actualisation d’une force virtuelle – que A. N. Whitehead appelle la forme subjective. Le sens du message est l’événement lui-même, c’est-à-dire ce qui émerge dans l’expérience (Gilles Deleuze). Non pas l’expérience subjective d’un sujet préconstitué, mais l’expérience pure, telle que définie par William James : une relationalité. Ce qui s’actualise est une tonalité affective (Whitehead), vécue comme qualité esthétique. Quels sont les facteurs constitutifs du sens? Élargissons la traditionnelle dualité sujet-objet à un complexe relationnel : nous pouvons ainsi percevoir des acteurs affectifs, perceptifs, humains et technologiques, dans un agencement qui se concrétise comme relationalité émergente. Tout événement est situé. Par conséquent, l’émergence du sens devient acte de co-création dans lequel participent les multiples facteurs qui conditionnent l’événement. Cette vision sort d’un anthropocentrisme pour concevoir l’événement lui-même comme sujet de ses propres expériences (Whitehead). De sorte que, tout comme chaque acte de communication, l’expérience des médias est aussi événement vécu. Ce dernier est incorporé par les dimensions du devenir-corps – la conscience-affective et la conscience-réflexive. Celles-ci sont si intimement interreliées qu’elles deviennent mutuellement inclusives dans l’expérience et totalement actives dans l’actualisation du sens.

COMP1205 Student Presentations Q-T

Monday 12th May Building 34 Room 3001, 10.00-12.45 Su & Rikki Presenting: Groups: Q, R, S, T Marking Groups: U, V, W, X Schedule and Topics 10.00-10.05: Introduction and protocol for the session 10.05-10.25 Group Q: Disablitites and rights – legal responsibilities 10.25-10.45 Group R: Computer Ethics, Professional bodies and accreditation 10.45-11.05 Group S: Digital divide 11.05-11.25 Group T: How the web is chaning the world: co-operation, co-creation, crowd funding and crowd sourcing 11.25-11.45: Wash-up: feedback session for presentation groups

Análisis Diagnóstico de la ecoaldea Aldeafeliz y propuesta de solución a la luz del Paradigma del Desarrollo a Escala Humana

El interés de este análisis diagnóstico es examinar, dentro de la nueva ruralidad, los niveles de calidad de vida en un tipo particular de asentamiento denominado ecoaldea. Para ello se realiza una inmersión en campo por medio de la construcción de una bitácora –etnografía-, para luego describir y analizar como se satisfacen las necesidades humanas en la ecoaldea Aldeafeliz (2006-2013) a la luz del Paradigma del Desarrollo a Escala Humana y el concepto mismo de ecoaldea, entregando a la comunidad los resultados del análisis y una metodología diseñada para la priorización de las necesidades y co-creación de sus respectivas soluciones, además de una propuesta de mejoramiento del asentamiento. Abstrayendo igualmente las lecciones replicables de esta ecoaldea en el desarrollo rural.

The voice of the consumer speaks forcefully in brand identity: user-generated content forces smart marketers to listen

User-generated content (UGC) is attracting a great deal of interest - some of it effective, some misguided. This article reviews the marketing-related factors that gave rise to UGC, tracing the relevant development of market orientation, social interaction, word of mouth, brand relationships, consumer creativity, co-creation, and customization, largely through the pages of the Journal of Advertising Research over the last 40 (or so) of its 50 years. The authors then discuss the characteristic features of UGC and how they differ from (and are similar to) these concepts. The insights thus gained will help practitioners and researchers understand what UGC is (and is not) and how it should (and should not) be used.

Breaking free from the industrial age paradigm of branding

The paper aims to inform readers of the themes that emerged at the 2007 Thought Leaders International Conference on Brand Management and challenges academics and practitioners to rethink the basics of branding. The paper encourages academics and practitioners to escape from the continued confines of industrial age branding and the ‘influencing’ mindset and embrace the age of openness and co-creation. It is argued that we need to evolve from the industrial age paradigm of branding that informed brand management for decades and adjust practice and research accordingly.

Memo to marketers: quantitative evidence for change: how user-generated content really affects brands

Developed in response to the new challenges of the social Web, this study investigates how involvement with brand-related user-generated content (UGC) affects consumers’ perceptions of brands. The authors develop a model that provides new insights into the links between drivers of UGC creation, involvement, and consumer-based brand equity. Expert opinions were sought on a hypothesized model, which further was tested through data from an online survey of 202 consumers. The results provide guidance for managerial initiatives involving UGC campaigns for brand building. The findings indicate that consumer perceptions of co-creation, community, and self-concept have a positive impact on UGC involvement that, in turn, positively affects consumer based brand equity. These empirical results have significant implications for avoiding problems and building deeper relationships between consumers and brands in the age of social media.

Creative participation in construction firms: bridging creativity and innovation

An intricate evolution of mainstream theories follows the growing need to explain employees’ commitment and engagement. Our understanding of these work-related phenomena and behaviour has improved but creativity and innovation as desired indicators are still often treated as coexisting constructs with very little attention given to a state of willingness of an individual to even consider contributing ideas. In this research we investigate the influence of knowledge and understanding, perceived radicality, personality dimensions, and favouring of ideas on employee willingness to creatively participate in order to trace its existence in propagation of ideas. A total of 76 construction and non-construction professionals participated in between-subject quasi-experiments. We also proposed IPO-based radicality of ideas construct from the viewpoint of employees involved in the processes of transformation. The research findings show that experts with deep understanding of the work are more likely to contribute highly radical ideas to decision-makers than less knowledgeable employees. Furthermore, personal factors that impact employee willingness to creatively participate have been valued higher than organisational factors. Personality dimensions by The BigFive Inventory have shown no effect on willingness to contribute ideas, while favouring of ideas showed a significant effect. In general, the findings show similarities with some studies of consumer willingness to participate in co-creation processes and thus indicate that firms may be studied as dynamic internal markets of ideas.

Trust and relational embeddedness: exploring a paradox of trust pattern development in key supplier relationships

This paper explores the role of trust as an enabler and constraint between buyers and suppliers engaged in long-term relationships. According to the relational view, cooperative strategies require trust-based mutual commitments to co-create value. However, complete pictures of the positive and negative outcomes from trust development have yet to be fully developed. In particular, trust as an originator of path dependent constraints resulting from over embeddedness is yet to be integrated into the relational view. We use a case-based methodology to explore whether trust is an optimizing phenomenon in key supplier relationships. Two cases where trust development processes demonstrate a paradox of trust-building behaviors cultivate different outcomes constraining value co-creation.

Informed, uninformed and participative consent in social media research

The use of online data is becoming increasingly essential for the generation of insight in today’s research environment. This reflects the much wider range of data available online and the key role that social media now plays in interpersonal communication. However, the process of gaining permission to use social media data for research purposes creates a number of significant issues when considering compatibility with professional ethics guidelines. This paper critically explores the application of existing informed consent policies to social media research and compares with the form of consent gained by the social networks themselves, which we label ‘uninformed consent’. We argue that, as currently constructed, informed consent carries assumptions about the nature of privacy that are not consistent with the way that consumers behave in an online environment. On the other hand, uninformed consent relies on asymmetric relationships that are unlikely to succeed in an environment based on co-creation of value. The paper highlights the ethical ambiguity created by current approaches for gaining customer consent, and proposes a new conceptual framework based on participative consent that allows for greater alignment between consumer privacy and ethical concerns.

Reading together: an ethnographic study of a reading group for visually-impaired people

Because reading groups historically have been under-researched (Long, 2003), the literature in this field is limited, presenting this as an interesting area for researchers. A need for further research is also explained by the fact that the traditional model of a reading group has been expanded through recent library policies leading to the development of specific group types such as groups for visually-impaired people (VIPs). To date, there have been no long-term empirical studies of these groups. This thesis, therefore, makes a significant contribution to the literature in this field by providing an in-depth exploration of a VIP reading group. The thesis is an ethnographic study which follows a library-run reading group for visually-impaired people from its formation in September 2007 and concentrates on five of the group members. The methodology for the study is influenced by participatory approaches to research involving disabled people by inviting the participants to participate in the co-creation of knowledge about themselves (French & Swain, 2000, p. 1). It is also influenced by new ethnography’s preference for multi-layered texts by exploring both the individual and collective experiences of the participants. While the participants are defined throughout as readers, visual-impairment plays a role in their experiences. I show that visually-impaired readers and reading groups sit within a complex web of factors which impact on their experiences both as individual readers and as a group. The study also shows that VIP reading groups challenge traditional definitions of reading as a visual activity. The study explores issues of power and concludes that, because ownership of the group lies with the library, this challenges the idea of reading groups empowering their members. Furthermore, offering discrete groups for visually-impaired readers means that the role these groups play in contributing to agendas for social inclusion is problematic. The study concludes by making suggestions as to how these groups might develop to be more inclusive and empowering.

A conceptual framework for service system interaction

There is a growing research concern on how service ecosystems form and interact. This research thus aims to explore the service ecosystem formation and interaction as well as its underlying nature of value co-creation. This work develops an initial conceptual framework for assessing service system interactions that includes the various stages of value co-creation within ecosystem context. How the conceptual framework will further be developed and future plan are also presented.