IJIMT 2017 Vol.8(2): 118-122 ISSN: 2010-0248
doi: 10.18178/ijimt.2017.8.2.714

The Strategies for Building a New Innovation Ecosystem to Create a Virtuous Cycle Structure between the Hyper-Competitive Environment and the Social Economic Sector in the 21st Century

Won-Il Lee
Abstract— In this paper, I examined the technological environment change in the 21st century and the strategies of building a new innovation ecosystem. Future disruptive technology innovation is expected to change the new external environment and the environment of hyper-competitive environment will continue. Under such circumstances, large corporations need to be transformed and innovated, and promising start-up ventures are expected to grow rapidly with new innovations. In addition to this hyper-competitive environment sector, social enterprises in the social economy sector will be expanded. In this paper, I studied new strategy of innovation ecosystem construction in the situation where such rapid change is expected. The strategies of creating a virtuous cycle structure in hyper-competitive environment sector and a social economy sector can be largely considered in the following three dimensions. First, it examines the virtuous cycle structure between the hyper-competitive environment sector and the social economic sector through future studies, so called, foresight. The second is to establish a cooperative ecosystem within the innovation cluster between large enterprises and SMEs in the area of hyper-competitive environment sector. Third, the social economic ecosystem connected with this hyper-competitive environment sector is to be built around social enterprises.

Index Terms— Innovation ecosystem, hyper-competitive environment, social economy sector, social enterprise.

Won-Il Lee is with the Department of Business Administration & Accounting, Hanbat National University, 125, Dongseodaero, Yuseong-gu, Daejeon, 305-719, Korea (e-mail: tech201@hanbat.ac.kr).

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Cite: Won-Il Lee, " The Strategies for Building a New Innovation Ecosystem to Create a Virtuous Cycle Structure between the Hyper-Competitive Environment and the Social Economic Sector in the 21st Century," International Journal of Innovation, Management and Technology vol. 8, no. 2, pp. 118-122, 2017.

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